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 SWOT Analysis Chapter
The Mining and Industrial Machinery Wholesaling industry is considered to be in the decline stage of its life cycle. industry revenue has declined significantly since peaking in 2011-12, with revenue slumping in 2013-14. Further, in the 10 years through 2020-21, industry value added (the industry's contribution to national GDP) is projected to decrease at a compound annual rate of 1.3%. This is in contrast to expected growth in Australia's GDP over the same 10 years of 2.8% per annum. This shows that the industry's economic contribution is forecast to contract in proportion to the rest of the economy.
Structurally, the industry is closer to a mature industry... purchase to read more