Industry Analysis & Industry Trends
The Industrial Machinery Manufacturing industry encompasses a wide variety of products, including ball bearings, industrial furnaces, sporting equipment and water filtration systems. The industry relies on the performance of its downstream markets, including mining, construction and other manufacturing industries. The industry is highly fragmented and is characterised by a large number of players operating in different segments. Products in each segment tend to be highly homogenised and thus operators tend to compete based on price rather than on product quality.
Industry revenue is projected to rise by 1.1% in 2013-14 to $2.1 billion. This is in contrast to the annualised decline rate of 2.6%... purchase to read more
Industry Report - Industry Analysis Chapter
The Industrial Machinery Manufacturing industry's recovery from a period of contraction is slowing over 2013-14, with revenue forecast to increase by 1.1% to $2.1 billion. Revenue is estimated to decrease by an annualised rate of 2.6% in the five years through to 2013-14, owing to poor industry performance in the initial years after the global financial crisis. A strong Australian dollar for the majority of the past five years has exacerbated the strong import penetration, which has consequently eroded industry profit. High local wages and overheads, combined with the removal of tariffs and the rise of low-cost countries, have made it difficult for industry players to compete... purchase to read more