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 has played a growing role in industry performance. The industry benefited from surging demand for mining machinery and equipment in some years, but has faced periods of contraction as such capital expenditure was deferred. Overall, industry revenue is expected to decline at a compound annual rate of 4.1% in the five years through 2014-15... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Mining and Industrial Machinery Wholesaling industry is considered to be in the mature stage of its life cycle, despite technically exhibiting slight decline in the ten years between 2009-10 and 2019-20. In these years the industry's contribution to the economy is estimated to grow at a compound annual rate of 0.4%. This is a slower pace than that set by the Australian economy, which is expected to grow at a compound annual rate of 2.7% over the same 10 years. The industry's economic contribution is forecast to contract slightly in proportion to the rest of the economy.
Structurally, the industry is closer to a mature industry... purchase to read more