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 SWOT Analysis Chapter
The Industrial Machinery Manufacturing industry is in the mature stage of its life cycle. In the 10 years through 2018-19, industry value added is forecast to grow slower than the economy. IBISWorld projects that industry value added will grow at an annualised rate of 1.6%, while GDP grows at annualised 2.5%. The industry is characterised by a large number of small firms that supply clearly defined product and market segments. For the majority of industry products, innovation within segments merely extends the life of existing products without creating new ones. Technological advancements rarely result in new products or services, but instead create improvements to current offerings.
Increased competition from imports is forcing domestic firms to focus on niche markets... purchase to read more