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 the level of 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 rise at an annualised 0.7% over the five years through 2014-15, with a projected fall of 1.4% in the current year, to $2.10 billion.
The gradual removal of tariffs and the emergence of low-cost manufacturing hubs in developing nations have led to the decline in one of the industry's major downstream markets, the domestic Manufacturing division... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Industrial Machinery Manufacturing industry is characterised by a low level of market share concentration, with the top four firms accounting for less than 20.0% of revenue in 2014-15. There are over 750 enterprises with a significant portion made up of small to medium enterprises, which shows the fragmented nature of the industry. The industry consists of a range of unrelated products and, as a result, few industry participants operate in multiple product segments.
Industry concentration also varies between different product segments. There are clear market leaders in certain segments, such as ABB and CBC heading the bearings segment and Aquatec Maxcon leading the water treatment equipment market. Similarly, Furnace Engineering is a major player in furnace manufacturing... purchase to read more