Overview

Riveting: Innovation is helping the industry remain viable despite strong import penetration

IBISWorld’s Machine Tool and Parts Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Demand has fallen due to lower capital expenditure in the mining and manufacturing sectors
  • Exports have increased as a share of industry revenue over the past five years
  • Firms will likely focus on innovation to enhance product value and overcome import competition

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    Industry Analysis & Industry Trends

    The Machine Tool and Parts Manufacturing industry includes the production of a range of woodworking tools, metalworking machinery and other equipment. The industry has contracted over the past five years due to difficult operation conditions. Falling demand from the mining, manufacturing and construction sectors, in combination with intense import pressure, is expected to cause industry revenue to fall at a compound annual rate of 4.9% over the five years through 2016-17. Revenue is expected fall by 5.6% over the current year to total $1.05 billion.

    Demand for industry goods has fallen over the past five years due to lower capital expenditure in the mining and manufacturing sectors...

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    Industry Report - Industry SWOT Analysis Chapter

    The Machine Tool and Parts Manufacturing industry is in the decline stage of its life cycle. Over the 10 years through 2021-22, the industry’s contribution to the economy (industry value added) is expected to fall by an annualised 1.8%. This is a weak performance when compared with annualised GDP growth of 2.5% over the same period. This indicates that the industry is growing at a slower pace than the overall economy.

    The number of industry establishments is expected to decline at a compound annual rate of 0.6% over the five years through 2021-22, as uncompetitive firms exit the market and new entrants are limited. Although technological change is anticipated to continually improve production processes, this is not expected to result in new products and services being developed. Inn..

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    Additional Insights for the Machine Tool and Parts Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Machine Tool and Parts Manufacturing Industry are

  • Establishment of export markets
  • Undertaking technical research and development
  • Provision of superior after-sales service
  • IBISWorld analysts also discuss how external factors such as Demand from manufacturing and Trade-weighted index in the Machine Tool and Parts Manufacturing industry impact industry performance..

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    Industry Products

    What is the Machine Tool and Parts Manufacturing Industry?

    Industry companies primarily manufacture woodworking or metalworking machinery and equipment, or specialised parts for this equipment. Enterprises that mainly manufacture pneumatic or power-operated hand tools are also included in the industry.

    Industry Products
    Power-operated hand tools
    Non-metalworking machine tools
    Wood and metalworking machinery
    Metal dies, die sets and moulds
    Accessories for power-operated tools
    Other products
    Industry Activities
    Die and metalworking hand or machine tool
    Drilling machinery
    Portable electric drill
    Forging machinery
    Pneumatic and power-operated hand tool
    Lathe
    Machine tool attachments or parts
    Milling machine
    Mould making machinery
    Welding or cutting equipment

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from manufacturing
  • Trade-weighted index
  • Total capital expenditure
  • Actual capital expenditure on mining
  • Demand from construction

  • Current Performance
  • Industry demand
  • International trade
  • Profit
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Industry innovation
  • Downstream conditions
  • Exports and imports
  • Profit
  • Participation
  • Table: Machine Tool and Parts Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Machine Tool and Parts Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Wooden Structural Component Manufacturing
  • Automotive Electrical Component Manufacturing
  • Industrial Machinery Manufacturing
  • Construction

  • Key Selling Industries
  • Power Automation Products and Other Electrical Equipment Manufacturing
  • Telecommunications and Other Electrical Goods Wholesaling

  • Products & Services
  • Metal dies, die sets and moulds
  • Accessories for power-operated tools
  • Other products
  • Wood and metalworking machinery
  • Power-operated hand tools
  • Non-metalworking machine tools
  • Chart: Machine Tool and Parts Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Export markets
  • Manufacturing companies
  • Construction companies
  • Wholesalers, retailers and other markets
  • Mining companies
  • Chart: Major Market Segmentation for the Machine Tool and Parts Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Machine Tool and Parts Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Machine Tool and Parts Manufacturing Industry

  • Industry Globalization
    Major Companies
    ANCA Pty LtdVictor Technologies Australia Pty Ltd
  • Table: ANCA Pty Ltd - financial performance
  • Table: Victor Technologies Australia Pty Ltd - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Machine Tool and Parts Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Machine Tool and Parts Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Computer Numeric Controls (Cnc)
  • Computer numeric controls are machine tools that are controlled automatically using computerised systems.
  • Lathe
  • A machine for shaping a piece of material, such as wood or metal, by rotating it rapidly along its axis while pressing a fixed cutting tool against it.
  • Selective Laser Melting (Slm)
  • A manufacturing process that uses digital data to create 3D metal parts using a high-power laser beam, by fusing fine metal powders together.
  • Why buy this report?

    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 Machine Tool and Parts 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 Machine Tool and Parts 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 Machine Tool and Parts Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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