Industry Analysis & Industry Trends
The Mining and Industrial Machinery Wholesaling industry acts as a conduit between manufacturers and final markets for machinery. Demand for industry services depends on activity in its major markets. After a slow start as a result of the after-effects of the global financial crisis, demand for mining machinery and equipment has surged due to the global resources boom. Strong growth in freight volumes and investment in water infrastructure have also stimulated demand for material-handling equipment and pumps. Amid growing demand for industry products, the terminal decline of the Australian Manufacturing division has constrained demand for machine tools and other machinery. Overall, industry revenue is expected to increase at a compound annual rate of 9.3%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Mining and Industrial Machinery Wholesaling industry is in the growth stage of its life cycle. The industry's contribution to the economy is estimated to grow at a compound annual rate of 3.6% over the 10 years through 2018-19. This outpaces the Australian economy, which is expected to grow at a compound annual rate of 2.5% over the same 10 years. The industry's economic contribution is forecast to expand in proportion to the rest of the economy. The industry has expanded the scope of its activities since 2008-09, with strong demand and internal changes increasing the industry's contribution to the economy.
The industry's life cycle reflects shifts in demand from downstream markets... purchase to read more