Industry Analysis & Industry Trends
Mixed growth in non-residential construction activity has contributed to industry growth during the five years through 2012-13. Declines in commercial and industrial building construction from 2008-09 to 2010-11 were offset by increased government and institutional construction levels, which evened out demand for products from the industry during these years. As concerns about the environment grow, the industry also faces issues such as energy efficiency and the level of water used by cooling towers. Companies that produce energy-efficient products are expected to benefit from future growth due to the influence of the Federal Government's carbon tax, which was introduced on 1 July 2012.
Industry revenue is estimated to increase at an annualised 3.1%... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry in the industry are high and include capital and technical requirements, knowledge of the market and relationship with customers. Technical requirements are becoming increasingly important in this industry due to the amount of focus put on energy efficiency and noise pollution in the past few years. Start-up costs can be quite high but once established, capital expenditure represents a moderate proportion of total costs.
Developing knowledge of markets and developing relationships with customers are important factors when entering the market. Current firms in the industry will already have an established market and brand power. It is therefore often difficult for new entrants to compete against those strong relationships... purchase to read more