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. Several firms have significantly restructured over the past five years, moving production offshore to take advantage of lower manufacturing costs. Bradken's Henderson foundry in Western Australia wound down operations in 2014-15, and Caterpillar exited from the industry following the closure of its Tasmanian Burnie foundry in March 2016... 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 nearly 80% of total industry enterprises in 2016-17. 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 its large population and the size and importance of the state's construction activity. Joy Global and Bradken both have operations in New South Wales... purchase to read more