Industry Analysis & Industry Trends
The Material Handling Equipment Distributors industry has faced turbulent conditions driven by the mining boom over the past five years. The unprecedented investment in the development of Australia's mineral and energy resources lifted industry sales to new heights in 2012-13, but the subsequent weakening of commodity prices and the scaling back of investment in the Mining division has resulted in a dramatic decline in the industry's performance.
Over the five years through 2014-15, only moderate growth in industry revenue is projected, masking a wide cyclical fluctuation in sales. Industry revenue is projected to increase by an annualised 1.6%, to total $8.8 billion. Industry revenue is projected to contract by 5.2%... purchase to read more
Industry Report - Industry Analysis Chapter
The Material Handling Equipment Distributors industry has volatile conditions on the back of the mining boom that began in the late 2000s. Demand from the building and industrial markets weakened in the aftermath of the global financial crisis and the focus of industry activity swung towards supplying the rapidly expanding mining, transport and warehousing markets. Industry sales surged to a record peak in 2012-13, corresponding with the height in mining investment, and has since contracted sharply.
The wide cyclical fluctuation in industry activity since the late 2000s has resulted in only modest average growth in sales over the five year period. Industry revenue is projected to grow by an annualised 1.6% over the five years through 2014-15, to total $8.8 billion... purchase to read more