Industry Analysis & Industry Trends
The Industrial Machinery Manufacturing industry makes a range of products including ball bearings, industrial furnaces and water filtration systems. Industry performance relies on activity in downstream markets, such as mining, water and other manufacturing industries. The industry is highly fragmented and is characterised by a large number of players operating in clearly defined segments. Industry revenue is forecast to decline at an annualised 0.4% over the five years through 2015-16, with a projected fall of 1.5% in the current year, to $1.92 billion.
The gradual removal of tariffs and the emergence of low-cost manufacturing hubs in developing nations have led to the decline in the domestic Manufacturing division, one of the industry's major downstream markets... purchase to read more
Industry Report - Starting a New Business Chapter
There are medium barriers to entry for the industry and it has remained steady over the past five years, although it varies by product segment. The major barrier for new entrants is the significant level of competition from import products. New firms will find it difficult to set up operations to a scale that is competitive with imports. As a result, new entrants will need to differentiate based on other factors, such as product quality, service and after sales support. Many existing players have also been in the industry for a long time, with some also having the support of their overseas parent. These firms have well established production facilities and systems in place and have also spent significant time on establishing a viable sales base... purchase to read more