Appearing ill-equipped: Manufacturing revenue falls due to slow demand and rising import competition

Industry players produce an extensive range of measurement, analytical and scientific equipment, which is used by a range of downstream industries. These products include laboratory, analytical, measuring, meteorological, radar, navigational and surveying instruments and equipment. Downstream markets include manufacturing, construction, healthcare, education and defence. Research institutions, such as biological science laboratories, also use the industry’s instruments and equipment. Over the past five years, the industry has suffered due to intense import penetration. Domestic companies have struggled to compete with the range of goods that are manufactured overseas and then imported...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-3.4%
Forecast Growth 17-22
Profit
Employment
6,952
Businesses
659

Industry Threats & Opportunities

  • The industry has struggled against intense import competition over the past five years
  • Import penetration is high, with imports estimated to account for over 90% of domestic demand
  • Demand will rise as scientific research, healthcare and construction activities increase
  • Industry Report - Industry Locations Chapter

    The geographic spread of enterprises that operate in the industry tends to follow the distribution of Australia's overall population, economic activity and the manufacturing sector. Factors that affect the location of firms in the industry include proximity to complimentary industries, customer location, proximity to suppliers and accessibility to highly skilled labour. Companies that are located close to their key suppliers and major markets can minimise transport costs and improve their profit margins or reduce prices and stimulate demand.The industry is concentrated in New South Wales and Victoria, and to a lesser extent, Queensland. A l...purchase to read more.

    Additional Insights for the Measurement and Other Scientific Equipment Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Measurement and Other Scientific Equipment Manufacturing Industry are

  • Access to the latest available and most efficient technology and techniques
  • Establishment of export markets
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Demand from scientific research services and Private capital expenditure on machinery and equipment in the Measurement and Other Scientific Equipment Manufacturing industry impact industry performance..

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    What's in this report

    What is the Measurement and Other Scientific Equipment Manufacturing Industry?

    Companies in the industry primarily manufacture navigational, measuring, and other professional and scientific equipment. Operators that manufacture specialised parts for this equipment are also included in the industry.

    Industry Products
  • Nautical, radar and surveying instruments
  • Timing instruments, watches and clocks
  • Laboratory, measuring and scientific equipment
  • Electrical signalling and testing equipment
  • Other instruments and equipment
  • Industry Activities
  • Clock and watch
  • Gas, parking, taxi and water meter
  • Electrical control and signalling equipment
  • Global positioning system (GPS) equipment
  • Non-medical magnetic resonance imaging (MRI) equipment
  • Measuring instrument
  • Analytic, meteorological, nautical and surveying instrument
  • Navigational, radar and sonar system and equipment
  • Uninsulated optical fibre cable
  • Other professional and scientific equipment
  • 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 scientific research services
  • Private capital expenditure on machinery and equipment
  • Trade-weighted index
  • Demand from health care and social assistance

  • Current Performance
  • Revenue and profitability
  • Import and export growth
  • Downstream demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Downstream markets
  • International trade
  • Table: Measurement and Other Scientific Equipment Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Measurement and Other Scientific Equipment Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Mining
  • Medical and Scientific Equipment Wholesaling
  • University and Other Higher Education
  • Health Services
  • Private Schools
  • Government Schools

  • Key Selling Industries
  • Manufacturing

  • Products & Services
  • Nautical, radar and surveying instruments
  • Timing instruments, watches and clocks
  • Laboratory, measuring and scientific equipment
  • Electrical signalling and testing equipment
  • Other instruments and equipment
  • Chart: Measurement and Other Scientific Equipment Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction industries
  • Other
  • Manufacturing industries
  • Healthcare industries
  • Education industries
  • Chart: Major Market Segmentation for the Measurement and Other Scientific Equipment 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 Measurement and Other Scientific Equipment Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Measurement and Other Scientific Equipment Manufacturing Industry

  • Industry Globalization
    Thales Australia Holdings Pty Limited, Thermo Electron Australia Pty Limited, Danaher Australia Holding Pty Ltd,
  • Table: Thales Australia Holdings Pty Limited - financial performance
  • Table: Thermo Electron Australia Pty Limited - financial performance
  • Table: Danaher Australia Holding Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Measurement and Other Scientific Equipment 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 Measurement and Other Scientific Equipment 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
    Confocal
  • An optical imaging technique that increases optical resolution.
  • Global Positioning System (Gps)
  • A space-based satellite navigation system that provides military, civil and commercial users with a range of positional information.
  • Magnetic Resonance Imaging (Mri)
  • An imaging technique that uses radiology to investigate anatomy, physiology and other physical structures.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Measurement and Other Scientific Equipment 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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Measurement and Other Scientific Equipment 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 Measurement and Other Scientific Equipment 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 Measurement and Other Scientific Equipment Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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