Industry Analysis & Industry Trends
The Mining and Industrial Machinery Wholesaling industry acts as a link between manufacturers and final markets for a range of machinery and equipment. Industry operators have ties with national and international manufacturers and can fill orders for a range of industries. The industry depends on downstream demand and the Mining division has played a growing role in industry performance over the past five years, leading to revenue volatility. Although the industry benefited from surging demand for mining machinery and equipment until 2012-13, it has faced contracting demand since 2013-14 as mining capital expenditure slumped. Overall, industry revenue is expected to decline at a compound annual rate of 4.5% 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. Investment growth 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. Miners use these products to transport goods along the supply chain, and these are also used in the Construction and Manufacturing divisions. Reduced demand from mining companies since 2013-14 has resulted in demand for these goods significantly declining, resulting in the segment decreasing as a proportion of industry revenue in the past five years... purchase to read more