Industry Analysis & Industry Trends
Slowing growth in the Mining division has adversely affected demand for industry products, and has prompted local players to decrease operating costs in light of shrinking sales. The Mining and Construction Machinery Manufacturing industry's revenue is forecast to decrease by 5.3% in 2014-15 to reach $5.1 billion, in contrast to the preceding period. Revenue is estimated to have grown at an annualised 2.6% over the five years through 2014-15, having been driven by the mining boom earlier in the period. The industry's performance reflects developments in downstream industries, including the mining, construction, and oil and gas sectors. Weak construction activity and volatile consumer sentiment have reduced demand for machinery... purchase to read more
Industry Report - Industry Locations Chapter
The industry is mainly concentrated in New South Wales, Queensland and Western Australia. These states account for an estimated 78.3% of industry establishments. This can be attributed to their respective large skilled working population and relative proximity to infrastructure and customers. Being close to skilled workforces helps to mitigate labour shortages and transport costs, and improves customer contact with key clients.
New South Wales has a considerable portion of establishments, reflecting the size and importance of the state's construction division and its high population. Joy Manufacturing and Bradken have operations in New South Wales. Many industry operators are located in Western Sydney and the Hunter Valley given their proximities to mine sites... purchase to read more