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 - Starting a New Business Chapter
Barriers to entry in the industry are considered moderate, although they vary by product segment. There are over 800 entities in the industry. The major barriers include the cost of procuring production facilities and systems, and the time and cost of establishing a viable sales base. There is a high level of competition; many existing players have been in the industry for some time, which can necessitate high costs for promoting and selling a new brand.
Another barrier to entry is access to leading edge technology. The cost of developing technologies to compete in some markets can be high, and there is a moderate level of technology change. In some segments, there are large global players that invest large amounts in research and development... purchase to read more