Dismantled: Soaring import penetration and weak local demand have crushed industry revenue

Over the past five years, operators in the Conveyor and Crane Manufacturing industry have faced adverse demand in many mining, manufacturing and construction markets, along with the steady loss of market share due to import penetration. However, demand for lifting, stacking and materials handling systems from the transport, storage and commercial building markets has been solid over the period. Industry revenue is expected to decline at an annualised 7.6% over the five years through 2018-19, reaching $1.6 billion. Industry employment is also expected to decline rapidly, falling at an annualised 5.8% as many firms close less profitable plants or shift manufacturing capacity offshore. During 2018-19, industry revenue is anticipated to contract by 4.8%...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 14-19
-7.6%
Forecast Growth 19-24
Profit
Employment
5,170
Businesses
465

Industry Threats & Opportunities

  • Employment is set to fall as firms close unprofitable plants or shift manufacturing offshore
  • The slump in revenue has been accompanied by a contraction in industry employment
  • The industry’s performance is forecast to improve with the upswing in local demand conditions
  • Industry Report - Industry Key Buyers Chapter

    The industry has a low level of market share concentration, with the top four players estimated to account for less than 30.0% of total revenue. According to the Australian Bureau of Statistics, the industry comprises many smaller enterprises, with 88.9% of all enterprises employing fewer than 20 people and 71.8% of businesses generating annual revenue of less than $2.0 million.The primary reason for the low market share concentration is the strong import penetration in the industry. With the major companies operating manufacturing plants outside Australia, smaller players tend to operate in niche markets and specialise in the customisation of standardised, imported products. Sev...purchase to read more.

    Additional Insights for the Conveyor and Crane Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Conveyor and Crane Manufacturing Industry are

  • Having a diverse range of clients
  • Concentration on core business
  • Access to multiskilled and flexible workforce
  • IBISWorld analysts also discuss how external factors such as Demand from construction and Demand from mining in the Conveyor and Crane Manufacturing industry impact industry performance..

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    What's in this report

    What is the Conveyor and Crane Manufacturing Industry?

    Industry firms primarily manufacture forklift trucks, cranes, winches, hoists, hoisting equipment, conveyors or conveying systems. They also manufacture elevators, escalators, lifts and tractors used for moving goods. The industry excludes companies solely focused on maintenance, installation and repair services.

    Industry Products
  • Unit handling conveyors
  • Bulk handling conveyors
  • Elevators and walkways
  • Aerial work platforms
  • Forklifts
  • Hoists and winches
  • Cranes
  • Industry Activities
  • Conveyor or conveying system
  • Crane
  • Elevator or elevator part
  • Forklift truck
  • Hoist or hoisting equipment
  • Jacking equipment
  • Pneumatic conveyor system
  • Stacking machinery
  • Winch
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from construction
  • Demand from mining
  • Demand from manufacturing
  • Demand from transport, postal and warehousing
  • Private non-residential construction capital expenditure
  • Trade-weighted index

  • Current Performance
  • Profit losses
  • Import growth
  • Mining and infrastructure trends
  • Manufacturing falls
  • Transport and building demand trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Import penetration grows
  • Transport provides demand
  • Infrastructure and mining stimulate sales
  • Building activity recovers
  • Input prices and profit trends
  • Table: Conveyor and Crane Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Conveyor and Crane Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Multi-Unit Apartment and Townhouse Construction
  • Wholesale Trade
  • Commercial and Industrial Building Construction
  • Integrated Logistics

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing
  • Nut, Bolt, Screw and Rivet Manufacturing
  • Power Automation Products and Other Electrical Equipment Manufacturing
  • Pump and Compressor Manufacturing
  • Sheet Metal Product Manufacturing

  • Products & Services
  • Unit handling conveyors
  • Bulk handling conveyors
  • Cranes
  • Aerial work platforms
  • Elevators and walkways
  • Forklifts
  • Hoists and winches
  • Chart: Conveyor and Crane Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Mining companies
  • Heavy industry and non-building construction firms
  • Building construction firms
  • Manufacturing companies
  • Transport and storage firms
  • Other markets
  • Chart: Major Market Segmentation for the Conveyor and Crane Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other
  • Chart: Cost Structure Benchmarking – Sector vs Conveyor and Crane Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Conveyor and Crane Manufacturing Industry

  • Industry Globalization
    Fenner (Pacific) Pty Limited, Clark Equipment Sales Pty Ltd,
  • Table: Fenner (Pacific) Pty Limited - financial performance
  • Table: Clark Equipment Sales Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Conveyor and Crane Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Conveyor and Crane Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Conveyor
  • A common piece of mechanical handling equipment that moves materials from one location to another.
  • Forklift
  • A powered industrial truck used to lift and transport materials. Also called a lift truck, a high-low, a stacker-truck, a trailer loader, a sideloader or a fork hoist.
  • Travelator
  • A moving walkway or a horizontal escalator used to transport people and commonly seen in airport terminals.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Conveyor and Crane Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Conveyor and Crane Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Conveyor and Crane Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Conveyor and Crane Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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