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 Products Chapter
Industry operators manufacture a range of mining and construction machinery and equipment. These products include excavators and mining shovels, drilling rigs and equipment, underground mining equipment, loaders and trucks, mineral processing equipment, and concrete mixers. Industry products are divided based on the proportion of revenue that each segment is projected to generate.
Excavators and mining shovels
Excavators and mining shovels are the largest product segment in the industry. These machines are designed for digging and earthmoving work, and are used extensively in various mining and construction industries. In mining industries, power shovels are mainly used for excavation and to remove any overburden during open-cut mining... purchase to read more