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 Key Buyers Chapter
The industry is considered to have a low level of market share concentration. The top four firms are estimated to contribute one quarter of industry revenue in 2014-15.
WesTrac substantially increased its market share on the back of the resources boom, rising to a peak at about 21.3% in 2012-13, but this has since dropped to under 10% with the dramatic scaling back of investment into new plant and equipment by mining and energy companies. WesTrac has substantially trimmed its employment and distribution network. Hastings Deering has also increased market share over this period, which contributed to a slight increase in industry concentration... purchase to read more