Industry Analysis & Industry Trends
The Rock, Limestone and Clay Mining industry is estimated to generate revenue of $3.4 billion in 2013-14, up from $3.3 billion in 2008-09 at an annualised 0.8% for the five years. Industry revenue is expected to expand by 3.2% in 2013-14, building on the gains of the previous two years. This growth reflects the expected pick up in construction and building activity and growing demand for rock, stone and clay. Total construction activity has increased due to growth in infrastructure development, residential unit construction and road construction projects that use industry products. Despite this large gain, growth for the five years through 2013-14 is expected to be low due to a sharp decline in 2009-10 and a small fall in 2010-11.
The industry produces a wide range of products... purchase to read more
Industry Report - Starting a New Business Chapter
A major entry barrier to the industry is the degree of vertical integration of the major participants, each of which is substantial producers in the industries using construction materials: ready-mixed concrete, asphalt and bricks. While it is relatively easy for a new firm to enter the industry, it is difficult for these new companies to build up the scale required to develop a profitable business. There are also several government regulations and requirements associated with entering the industry and operating in the industry.
Large amounts of capital are required to establish substantial quarries and other mines for industry goods. In some markets, such as dimension stone, gaining customer acceptance of the product can also pose a barrier to entry... purchase to read more