Industry Analysis & Industry Trends
The Construction Machinery and Operator Hire industry generates the bulk of its revenue from work on 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. Over the five years through 2015-16, industry revenue is projected to increase by an annualised 3.7% to reach $3.1 billion. This performance has been supported by unprecedented demand from the mining and infrastructure markets, the swing towards the construction of high-rise apartments instead of traditional housing, and the solid recovery in commercial building construction.
Despite this solid performance, industry revenue is expected to fall by 3.0%... 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), an indicator of the industry's contribution to the total economy, is projected to average moderate growth by an annualised 2.2% over the 10 years through 2020-21, slightly behind the projected pace of Australia's GDP growth (2.6% annualised)... purchase to read more