Industry Analysis & Industry Trends
The Industrial Machinery Manufacturing industry encompasses a wide variety of products, including ball bearings, industrial furnaces, sporting machinery and water filtration systems. The industry relies on the performance of its downstream markets, including mining, construction and other manufacturing industries. 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 product quality. Revenue is forecast to rise by an annualised 0.6% in the five years through 2014-15.
Industry revenue is projected to rise by 0.3% in 2014-15, to $2.1 billion... purchase to read more
Industry Report - Industry Analysis Chapter
Industry revenue is expected to increase by an annualised 0.6% in the five years through 2014-15, due to poor industry performance in the initial years after the global financial crisis. A strong Australian dollar for the majority of the past five years has exacerbated strong import penetration. High local wages and overheads, the removal of tariffs and the rise of manufacturers in low-cost countries have made it difficult for industry players to compete. Industry revenue is forecast to rise by 0.3% in 2014-15, to reach $2.1 billion... purchase to read more