Industry Analysis & Industry Trends
The Construction Machinery and Operator Hire industry generates the bulk of its revenue from work on high-rise projects in the commercial building and apartment construction markets. These projects require cranes, pile-driving and pumping equipment to erect multistorey buildings or install heavy structural components (e.g. steel girders, precast concrete panels and beams and concrete pours). However, since the late 2000s, the largest players have tended to focus 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 $3.0 billion in 2014-15, which represents a decline of 2.7%... 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 moderate growth by an annualised 2.0% over the 10 years through 2019-20, lagging behind the projected pace of Australia's GDP growth (2.7% annualised). The industry's performance reflects the subdued demand in the downstream building construction market... purchase to read more