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. Other manufacturers use about three-quarters of the products made by the Industrial Machinery Manufacturing industry. 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... purchase to read more
Industry Report - Industry Locations Chapter
The industry is concentrated on the eastern seaboard, with 80.0% of establishments situated in Victoria, New South Wales and Queensland. These states are traditional manufacturing hubs, with large skilled working populations and proximity to infrastructure, services and customers. Being situated close to a skilled labour force, suppliers and customers assists in minimising labour shortages, downtime and transport costs, and maximising customer contact and service. Being in close proximity to other manufacturers - the major downstream market for the industry - is also of key importance.
Outside of the eastern seaboard, Western Australia is the next largest hub for industry activity, accounting for 10.8% of industry locations. WA firms tend to service clients in the mining division... purchase to read more