Industry Analysis & Industry Trends
The Mining and Construction Machinery Manufacturing industry has grown at a moderate pace over the past five years. The first phase of Australia's mining investment boom drove demand for mining machinery and equipment, until mining firms began to shift to resource extraction. This reduced investment weakened demand for mining machinery and subsequently constrained revenue growth. Demand for other industry products from downstream industries has been more subdued, highlighted by stagnant growth in building construction and modest public investment in infrastructure projects. Overall, revenue is estimated to grow at a compound annual rate of 3.2% over the five years through 2014-15. Weaker expenditure on local mining activities is expected to contribute to a 6.4%... purchase to read more
Industry Report - Industry Locations Chapter
The industry is mainly concentrated in New South Wales, Queensland and Western Australia. These states alone account for nearly 80.0% of total industry enterprises in 2014-15. This trend can be attributed to their large and highly skilled working populations, and relative proximity to downstream customers and major infrastructure projects. Being located close to a skilled workforce helps to mitigate labour shortages and transport costs, and improves customer contact with key clients.
New South Wales has a considerable portion of enterprises, reflecting the size and importance of the state’s construction activity and its large population. Joy Manufacturing and Bradken have operations in New South Wales... purchase to read more