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 Analysis Chapter
Strong competition and weak demand from domestic manufacturers has constrained growth in the Industrial Machinery Manufacturing industry. The strength of the Australian dollar for the majority of the five-year period has 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 2014-15, the industry is expected to grow at an annualised 0.7%. Industry revenue is forecast to fall by 1.4% in 2014-15, to reach $2.10 billion... purchase to read more