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 Analysis Chapter
Over the five years through 2015-16, strong competition and weak demand from domestic manufacturers has led to a slight decline in the Industrial Machinery Manufacturing industry. The strength of the Australian dollar for the first half of the five-year period exacerbated strong import penetration, with downstream operators sourcing cheaper industry products from abroad. Relatively high local wages and overheads, the removal of tariffs and the rising number of manufacturers in low-cost countries have made it difficult for domestic operators to compete. Over the five years through 2015-16, the industry is forecast to decline at an annualised 0.4%. Industry revenue is forecast to fall by 1.5% in 2015-16, to reach $1.92 billion... purchase to read more