Industry Analysis & Industry Trends
Revenue and profitability growth have flowed freely in the Fluid Power Equipment Distributors industry. An unprecedented resources boom in Australia since the mid-2000s has stimulated demand for fluid power equipment used by miners and oil and gas companies. Growth has also been supported by solid conditions across other key downstream markets including freight and transport, agriculture and water treatment. Industry profitability is estimated to rise to 8.6% of revenue in 2012-13, buoyed by robust sales to the mining sector and a soaring currency, which reduced the cost of imported equipment. Another strong year is expected for the industry in 2012-13, with revenue forecast to rise by 3.6%. IBISWorld estimates industry revenue will increase at a compound annual rate of 2.9%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The mining boom and the stable growth in major markets such as transport, energy and utilities have ensured that the industry value added grew more strongly than the Australian economy. Over the 10 years through 2017-18, industry value is forecast to increase at an annualised rate of 4.4% a year, nearly double GDP growth projected over the same period. This is due primarily to the resources boom, which has caused a surge in demand for fluid power equipment from the mining sector and related industries such as the transport sector. Industry profitability has also improved because of the appreciating Australia dollar. These trends suggest that the industry is in a growth phase of an industry life cycle. Further evidence of this is growth in enterprises and establishment numbers... purchase to read more