Industry Analysis & Industry Trends
The Construction Machinery and Operator Hire industry generates the bulk of its revenue from work in commercial building and apartment construction. These projects require cranes, pile-driving and pumping equipment to erect multi-storey buildings or install heavy structural components (e.g. steel girders, precast concrete panels and beams and concrete pours). However, since the late 2000s, the industry's largest players have generally focused on servicing the mining and infrastructure markets, including the erection of transmission equipment, pipelines and wind turbines.
The industry is projected to generate revenue totalling $2.9 billion in 2014-15, representing a decline by 1.7%... purchase to read more
Industry Report - Starting a New Business Chapter
The industry has relatively high barriers to entry, due principally to the high cost of purchasing and maintaining the capital equipment and the industry's tight regulatory environment.
Crane operators are required to hold nationally recognised licensing for each category of equipment. The person appointed to design the project and supervise the lift project requires accreditation obtained through certificated courses and appropriate health and safety training. Technological change heightens the technical complexity of operating the construction equipment and firms must upgrade operators' certification to meet these changes.
New entrants may be disadvantaged by the close relationships the existing firms have with major clients (e.g. building contractors and oil companies)... purchase to read more