Industry Analysis & Industry Trends
The Container Repair and Wool Dumping industry amended its revenue from declines during the global economic downturn. Overall, industry revenue is forecast to increase at an annualised 1.1% over the five years through 2012-13 to reach $1.52 billion. Demand for industry services has recovered strongly from the poor conditions of the global economic downturn. Nonetheless, the downturn slowed revenue growth over the past five years as freight volumes fell. Bitter economic conditions in Europe caused demand for Australian wool to decline sharply. Drought conditions also decimated sheep numbers and lowered wool production.
The Container Repair and Wool Dumping industry is expected to grow strongly in the current year. Industry revenue is expected to increase 5.2% in 2012-13... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is considered to be in mature stage of its life cycle. The industry's contribution to the economy (industry value added) is forecast to grow at an annualised 2.6% over the 10 years through 2017-18. Meanwhile, the economy will grow at a similar rate with GDP is forecast to grow at an annualised 2.4% over the 10 years through 2017-18. The means the industry's economic contribution is growing in line with the rest of the economy, not growing in shrinking in proportion to the economy. The relatively stable share of the economy suggests the industry is in the mature stage of its life cycle.
The mature stage of the industry's life cycle is mostly due to the lack of new products, lack of new technology, and slow growth in establishments... purchase to read more