Industry Analysis & Industry Trends
The Material Handling Equipment Distributors industry has been performing commendably over the five years through 2012-13. After succumbing to drops in revenue during the global financial crisis over 2008-09 and 2009-10, the industry managed to dig its way back into growth again. In the past five years, the industry has grown at an annualised rate of 1.4% mainly due to a strong performance from several key downstream markets such as the Mining and Construction divisions. In 2012-13, IBISWorld estimates revenue to grow by 5.0% to reach $9.04 billion.
A strong Mining division has helped operators in this industry weather the effects of the global financial crisis... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Material Handling Equipment Distributors industry is currently in the growth stage of its life cycle. Industry value added is expected to grow at an annualised rate of 2.7% in the 10 years through 2017-18. This figure is slightly higher than GDP growth of the same period - estimated at 2.4% per annum. This indicates that the industry is growing faster than the overall economy.
The number of enterprises in the industry has fallen slightly in the past five years due to bearish economic conditions and weak downstream demand. However, this trend is expected to make a 180-turn in the next five years as new entrants continue to enter the industry to satisfy a growing appetite from the Construction and Mining divisions... purchase to read more