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 Locations Chapter
The Industrial Machinery Manufacturing industry is concentrated on the eastern states of New South Wales, Victoria and Queensland, which account for an estimated 79.0% of total establishments. These states are the traditional manufacturing hubs, where a large proportion of the skilled working population resides. The eastern states are also where a majority of infrastructure, services and customers are located. Being situated close to a skilled labour force, in addition to the industry's suppliers and customers, helps to minimise labour shortages, downtime and transport costs. The close vicinity to other manufacturers - the major downstream market for the industry - is particularly important, as it helps to maximise customer contact and service... purchase to read more