Industry Analysis & Industry Trends
Over the past five years, the Mining and Construction Machinery Manufacturing industry has grown moderately. Australia's mining investment boom initially drove demand for mining machinery and equipment, before reduced investment weakened demand and subsequently constrained revenue growth. Demand for industry products from downstream construction industries has been far more subdued than previously, with stagnant growth in building construction and modest public investment in infrastructure projects. Overall, revenue is expected 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% drop in 2014-15, with revenue reaching $5.2 billion... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry has a medium share concentration, with the four largest players expected to account for over 40.0% of total revenue in 2014-15. Many manufacturers have reduced their market share over the past five years, as they have increasingly streamlined production functions and moved manufacturing capabilities offshore to countries with lower operating costs. The major players tend to be global corporations that benefit from having global supply chains. Operating manufacturing capabilities locally has traditionally allowed firms to effectively service domestic mining sites and provide technical support.
Aside from the industry's major players, many small-scale operators also manufacture mining and construction machinery... purchase to read more