Industry Analysis & Industry Trends
The Construction Machinery and Operator Hire industry generates the bulk of its revenue from work on commercial building and apartment construction projects. These projects involve using 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, the industry's largest players typically focus on servicing the mining and infrastructure markets, including the erection of telecommunication and power transmission equipment, pipelines and wind turbines.
In 2013-14, the industry is expected to generate revenue totalling $2.7 billion and grow 3.3% due to a surge in demand for cranes for use in high-rise apartment developments and office complexes... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is considered to be in a mature stage of its economic life cycle, as the industry's performance is primarily determined by investment trends in the downstream building, infrastructure and mining markets. The industry has benefited from growth conditions on infrastructure markets since the mid-2000s, the emergence of new construction markets (notably wind turbines), and the long-term trend towards higher multi-storey apartments.
Industry value added (IVA) is projected to average flat growth over the 10 years through 2018-19 (0.0% annualised), lagging behind the projected pace of Australia's GDP growth (2.5%)... purchase to read more