Industry Analysis & Industry Trends
The Construction Machinery and Operator Hire industry generates the bulk of its revenue from the supply of equipment and skilled operators for high-rise commercial building and apartment projects. These projects require cranes, pile-driving and pumping equipment to erect multistorey buildings or install heavy structural components. The industry also rents out specialised construction machinery and personnel for work on mining and infrastructure projects.
Over the past five years, the industry's performance has been subject to divergent trends across key construction markets. Apartment construction surged to a record peak in 2015-16, while demand for work on mining and infrastructure projects climbed to record levels in 2013-14... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is considered to be in the mature stage of its economic life cycle, as its performance is primarily determined by investment trends in the downstream building, infrastructure and mining markets. The industry has benefited from growth conditions in infrastructure markets since the mid-2000s and the emergence of new construction markets (notably wind turbines). It has also benefited from the long-term trend towards higher multistorey apartment buildings.
Industry value added (IVA), an indicator of the industry's contribution to the total economy, is projected to grow by an annualised 0.9% over the 10 years through 2021-22. This is slower than the projected national GDP growth of 2.6% over the same period... purchase to read more