Industry Analysis & Industry Trends
The Mining and Industrial Machinery Wholesaling industry acts as a conduit between manufacturers and final markets for machinery. Industry operators have ties with national and international manufacturers and can fill orders from a wide range of industries, if the demand for machinery is there. The industry's dependence on downstream demand is illustrated by volatility in revenue in the past five years, as the Mining division have come to play a growing role in industry performance. The industry has had strong years as demand for mining machinery and equipment has surged due to the global resources boom, but also periods of contraction as such capital expenditure was deferred. Overall, industry revenue is expected to grow at a compound annual rate of 3.3%... purchase to read more
Industry Report - Industry Analysis Chapter
The Mining and Industrial Machinery Wholesaling industry wholesales equipment to a wide range of markets, with the mining and manufacturing divisions accounting for close to 50.0% of industry sales. Trends in these divisions are important determinants of industry revenue, while business confidence influences demand from niche markets. Acting as an intermediary between manufacturers and their final markets, the industry depends on demand from downstream markets and has limited ability to increase demand for mining and industrial machinery itself through innovating in products or services.
Over the past five years, the industry and its major players have been well placed to benefit from the growth in capital expenditure from the Mining division... purchase to read more