Half measures: Profitability has declined due to rising wage and purchase expenses

The Measurement and Other Scientific Equipment Manufacturing industry produces a range of measurement, analytical and scientific equipment, which is used by 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. Intense import penetration has negatively affected the industry over the past five years. 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 13-18
-0.7%
Forecast Growth 18-23
Profit
Employment
6,906
Businesses
752

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 Key Buyers Chapter

    A low market share concentration characterises the industry. In 2017-18, the industry's four largest players are estimated to account for less than 25% of total revenue. The industry's two major players, Danaher and Thermo Electron have market shares of less than 10%. This trend indicates that even the largest players generally do not have the size and scope to dominate the industry, primarily due to the diverse range of products that are manufactured in the industry.Aside from these major players, many small-scale firms manufacture measurement and other scientific equipment. According to the latest ABS data, in 2015-16, only three firms employed more than 200 staff and over 75% of companies generated less than $2 million in revenue. The...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 Demand from health care and social assistance 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?

    Industry firms primarily manufacture navigational, measuring, or other professional and scientific equipment that is not classified elsewhere. 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
  • Demand from health care and social assistance
  • Private capital expenditure on machinery and equipment
  • Trade-weighted index

  • 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
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Measurement and Other Scientific Equipment Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Thermo Electron Australia Pty Limited, Danaher Australia Holding Pty Ltd,
  • 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Confocal
  • A microscope with an optical system that only collects light from a small spot on the specimen, giving greater 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 magnetic fields and radio waves to produce detailed images of the interiors of objects, especially living things, such as humans and animals.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Measurement and Other Scientific Equipment 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 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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