Industry Analysis & Industry Trends
The Material Handling Equipment Distributors industry has performed well over the past five years, rebounding to solid growth after succumbing to difficult trading conditions during 2008-09 and 2009-10 with the onset of the global financial crisis. The demand for equipment arising from the mining boom has underpinned the industry's performance since the late 2000s and helped offset subdued demand conditions in the building, manufacturing and forestry markets.
Industry revenue is projected to increase by an annualised 3.3% over the five years through 2013-14 to total $9.8 billion. The pace of industry expansion is projected to slow during the current year to... 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 in the industry are estimated to contribute one-third of industry revenue in 2013-14, with approximately half of this generated by the industry's leading player, WesTrac (owned by Seven Group Holdings Limited).
WesTrac has been increasing its market share rapidly over the past five years due to large investments in a booming Western Australia. Hastings Deering has also increased market share over the period, which has a slight upward effect on industry concentration. However, the industry is in its growth life cycle and it is expected that new enterprises will enter the market over the next five years, possibly segmenting the industry further... purchase to read more