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 - Starting a New Business Chapter
The industry exhibits moderate barriers to entry and this level has remained steady over the past five years. Production is capital-intensive and requires large amounts of investment in expensive and technically advanced machinery and equipment. Research and development costs are also high. While opportunities exist in niche markets, having access to the latest technology, either in-house or through links with global suppliers, is essential. These initial capital requirements and research costs may be prohibitive for prospective companies.
Industry operators, particularly in construction machinery segments, manufacture a diverse range of products and take advantage of large economies of scale to minimise costs... purchase to read more