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 - Industry SWOT Analysis Chapter
The Industrial Machinery Manufacturing industry is in the currently in the mature stage of its life cycle. Industry value added, a measure of the industry’s contribution to the economy, is projected to remain relatively steady, declining at an annualised 0.4% over the 10 years through 2020-21. This represents an underperformance of overall GDP, which is forecast to rise at an annualised 2.6% over the 10-year period, suggesting the industry’s contribution to the economy is declining.
The industry is characterised by a large number of small to medium-sized firms that operate in clearly defined product and market segments. For a majority of segments, innovation is generally focused on extending a product’s life... purchase to read more