Bearing bad news: Declining downstream demand has caused industry revenue to contract

The Industrial Machinery Manufacturing industry produces a range of products including water treatment equipment, ball bearings and furnaces. Downstream markets, such as mining and manufacturing, strongly influence the industry's performance. The industry is highly fragmented due to the diverse nature of the products produced, with many firms producing low quantities of specialised products. Industry revenue is expected to decline at an annualised 2.4% over the five years through 2018-19, to $2.0 billion. This includes an expected decline of 3.0% in the current more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Imports from foreign manufacturers have increased as a proportion of domestic demand
  • Industry establishment numbers have declined due to increasing import penetration
  • Demand for water treatment products will have a positive effect on the industry
  • Industry Report - Starting a New Business Chapter

    The industry has moderate barriers to entry, and this trend has remained steady over the past five years. However, different product segments have slight variations in barriers to entry. The major barrier for new entrants is significant competition from imports. A new entrant would be unlikely to achieve adequate economies of scale to make a profit in this market. However, most Australian manufacturers do not compete at this level, instead accessing niche markets for specialised products. Existing local manufacturers with established networks also form a barrier to entry for new players. Some of these companies have access to parent company research and development, and have well-established production facilities and systems...purchase to read more.

    Additional Insights for the Industrial Machinery Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Industrial Machinery Manufacturing Industry are

  • Undertaking technical research and development
  • Establishment of export markets
  • Guaranteed supply of key inputs
  • IBISWorld analysts also discuss how external factors such as Demand from manufacturing and Trade-weighted index in the Industrial Machinery Manufacturing industry impact industry performance..

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    What's in this report

    What is the Industrial Machinery Manufacturing Industry?

    Industry firms manufacture industrial machinery, including ball or roller bearings, water treatment systems, diesel generators and industrial furnace units. The industry excludes the manufacturing of motor vehicle engines and refrigeration equipment.

    Industry Products
  • Fluid filters and water treatment equipment
  • Bearings
  • Industrial furnaces and ovens
  • Industrial fans
  • Other products
  • Industry Activities
  • Bearings
  • Chemical processing machinery
  • Industrial fan
  • Water, oil and air filter
  • Industrial furnace
  • Gas and diesel generator
  • Paper making machinery or equipment
  • Water treatment equipment (except for households)
  • Gas burner
  • 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 manufacturing
  • Trade-weighted index
  • Actual capital expenditure on mining
  • Capital expenditure by the private sector
  • Demand from water supply, sewerage and drainage services

  • Current Performance
  • Downstream conditions
  • Increasing globalisation
  • Product specialisation
  • Decreasing industry protection
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream conditions
  • Cost structure and participation
  • Growth of niche markets
  • Table: Industrial Machinery Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Industrial Machinery Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Synthetic Resin and Synthetic Rubber Manufacturing
  • Water Supply
  • Heavy Industry and Other Non-Building Construction
  • Mining and Industrial Machinery Wholesaling
  • Waste Treatment and Disposal Services

  • Key Selling Industries
  • Manufacturing

  • Products & Services
  • Other products
  • Fluid filters and water treatment equipment
  • Industrial furnaces and ovens
  • Industrial fans
  • Bearings
  • Chart: Industrial Machinery Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other markets
  • Mining companies
  • Manufacturers
  • Water treatment plants
  • Refractory manufacturers
  • Chart: Major Market Segmentation for the Industrial Machinery Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Industrial Machinery Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Industrial Machinery Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Industrial Machinery 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 Industrial Machinery Manufacturing Industry
  • 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
  • A part of a machine that allows two mechanical parts to move while minimising friction between them. These products are used in nearly all industrial applications.
  • Industrial Furnace
  • Equipment used to provide heat for manufacturing processes.
  • Refractory
  • Materials that retain strength at very high temperatures. They are used to make building materials such as bricks and silicon.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industrial Machinery Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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
    • Quickly build competitive intelligence
    This report on Industrial Machinery 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 Industrial Machinery 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 Industrial Machinery Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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