A little rusty: Increasing import competition has caused industry revenue to decline

IBISWorld’s Industrial Machinery 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.


Market Share of Companies
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022

Industry Analysis & Industry Trends

The Industrial Machinery Manufacturing industry makes a range of products including water treatment plants, ball bearings and furnaces. Industry performance is strongly influenced by downstream markets such as mining and manufacturing. The industry is highly fragmented due to the differentiated nature of the products produced, with a large number of firms producing low-quantity, specialised products. Industry revenue is expected to decline at an annualised 1.5% over the five years through 2016-17. This decline includes an expected fall of 2.5% in the current year, to $1.9 billion...

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Industry Report - Industry Analysis Chapter

The Industrial Machinery Manufacturing industry has declined over the past five years as increasing competition from imports has weighed down on revenue. The strength of the Australian dollar at the start of the five-year period increased import penetration, with downstream markets sourcing industry products from cheaper overseas suppliers. Economic conditions including the removal of tariffs, comparatively high wages and an increasing number of foreign firms with lower operating costs have contributed to a decline in Australian manufacturing, especially of standardised industrial machinery. The industry is expected to decline at an annualised 1.5% over the five years through 2016-17. Industry revenue is anticipated to fall by 2.5% in 2016-17, to reach $1.9 billion.


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Industry Products

What is the Industrial Machinery Manufacturing Industry?

Industry firms manufacture industrial machinery, including ball or roller bearings, water treatment systems and industrial furnace units. The industry also includes companies that manufacture marine inboard engines (except inboard diesel engines of 37 kilowatts brake power and over) and marine outboard motors. The industry excludes the manufacturing of motor vehicle engines and refrigeration equipment.

Industry Products
Fluid filters and water treatment equipment
Industrial furnaces and ovens
Diesel and gas generators
Industrial fans
Other products
Industry Activities
Chemical processing machinery
Industrial fan
Water, oil and air filter
Industrial furnace
Gas and diesel generator
Manufacturing paper making machinery or equipment
Manufacturing water treatment equipment (except household)
Manufacturing gas burners

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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