Industry Analysis & Industry Trends
The Mining and Construction Machinery Manufacturing industry has declined over the past five years. The first stage of Australia's mining investment boom initially drove demand for mining machinery and equipment, until mining firms began to shift their focus to resource extraction. This reduced investment weakened demand for mining machinery and has subsequently contributed to declines in industry revenue. Demand for other industry products from downstream construction industries has remained subdued over the past five years, highlighted by stagnant building construction and declining investment in infrastructure projects. Overall, industry revenue is projected to fall at a compound annual rate of 2.6% over the five years through 2015-16... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Mining and Construction Machinery Manufacturing industry is in the declining stage of its economic life cycle. The industry faces intense import competition, with imports estimated to account for over 60% of domestic demand in 2015-16. Although some domestic firms benefit from manufacturing specialised and niche mining and construction machinery, intense competition from imports in the more generic product segments limits the industry's growth prospects.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to decline at a compound annual rate of 2.1% over the 10 years through 2020-21. The industry is therefore expected to underperform annualised real GDP growth of 2.6% over the same period... purchase to read more