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 SWOT Analysis Chapter
The Industrial Machinery Manufacturing industry is in the mature stage of its life cycle. In the 10 years through 2019-20, industry value added is forecast to grow slower than the economy. IBISWorld projects that industry value added will grow at an annualised rate of 1.8% over the 10-year period, while GDP will grow at an annualised 2.7%. 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... purchase to read more