Industry Analysis & Industry Trends
The Mining and Industrial Machinery Wholesaling industry acts as a link between manufacturers and final markets for a wide range of machinery and equipment. Industry operators have ties with national and international manufacturers and can fill orders from a wide range of industries that demand machinery. The industry's dependence on downstream demand has led to revenue volatility over the past five years, as the Mining division has played a growing role in industry performance. Although the industry benefited from surging demand for mining machinery and equipment until 2012-13, it has faced contraction since 2013-14 as mining capital expenditure slumped. Overall, industry revenue is expected to decline at a compound annual rate of 4.6% in the five years through 2015-16... purchase to read more
Industry Report - Industry Products Chapter
The industry provides a diverse range of machinery to many downstream industrial and mining markets. The overwhelming growth in investment in the Mining division has influenced the industry's product and service mix in the past five years.
Material-handling equipment, which includes conveyor belts and hoists, is the largest product segment in the industry at 31.7% of revenue in 2015-16. These products are used by miners to transport goods along the supply chain, and in the Construction and Manufacturing divisions. Reduced demand from mining companies since 2013-14 has caused large segment declines, with the segment decreasing as a proportion of industry revenue in the past five years... purchase to read more