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Mining and Construction Machinery Manufacturing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Mining and Construction Machinery Manufacturing Market Research Report | ANZSIC C2462 | Jan 2016

Mothballed: Declining mining investment has led industry companies to offshore local operations

IBISWorld’s Mining and Construction Machinery Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 11-16
-2.6%
Annual Growth 16-21
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Profit
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Employment
9,116
Businesses
692
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. Demand for other industry products from downstream construction industries has remained subdued over the past five years, highlighted by stagnant building construction and declining investment in infrastructure projects. Overall, industry revenue is projected to fall at a compound annual rate of 2.6% over the five years through 2015-16... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Mining and Construction Machinery Manufacturing industry is in the declining stage of its economic life cycle. The industry faces intense import competition, with imports estimated to account for over 60% of domestic demand in 2015-16. Although some domestic firms benefit from manufacturing specialised and niche mining and construction machinery, intense competition from imports in the more generic product segments limits the industry's growth prospects.

Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to decline at a compound annual rate of 2.1% over the 10 years through 2020-21. The industry is therefore expected to underperform annualised real GDP growth of 2.6% over the same period... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Mining and Construction Machinery Manufacturing Industry?

Companies in the industry primarily manufacture construction, earthmoving and mining machinery, equipment and specialised parts. Firms that mainly manufacture tractors for construction or earthmoving purposes are also included in the industry.

Industry Products
Drilling rigs and equipmentUnderground mining equipmentMineral processing equipmentExcavators and shovelsLoaders and trucks
 
Industry Activities
Back hoeConcrete mixerCrawler, construction and earthmoving tractorCrushing machineryDozer, angle dozer and bulldozerDrilling machineryEarthmoving machineryJackhammerMining machineryOff-highway truck


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