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Mining and Construction Machinery Manufacturing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Mining and Construction Machinery Manufacturing Market Research Report | ANZSIC C2462 | Aug 2016

Mined Out: Industry companies moving offshore due to declining mining investment

IBISWorld’s Mining and Construction Machinery 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 Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
-9.1%
Annual Growth 17-22
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Profit
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Employment
6,786
Businesses
693
Industry Analysis & Industry Trends

The Mining and Construction Machinery Manufacturing industry has declined over the past five years. The first stage of Australia's mining investment boom initially drove demand for mining machinery and equipment, until mining firms began to shift their focus to resource extraction. This reduced investment weakened demand for mining machinery and has subsequently contributed to declines in industry revenue. Several firms have significantly restructured over the past five years, moving production offshore to take advantage of lower manufacturing costs. Bradken's Henderson foundry in Western Australia wound down operations in 2014-15, and Caterpillar exited from the industry following the closure of its Tasmanian Burnie foundry in March 2016... purchase to read more

Industry Report - Industry Analysis Chapter

The Mining and Construction Machinery Manufacturing industry has declined steadily over the past five years. Although demand for mining machinery and equipment was strong during the peak years of the mining investment boom, much of this demand for has tapered off over the past five years. However, the overall depreciation of the Australian dollar over the same period has reduced import penetration. This trend has provided some relief for industry operators, particularly producers of construction machinery. The level of customisation in construction machinery is typically lower than more specialised mining machinery, which makes construction machinery more vulnerable to import competition... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Mining and Construction Machinery Manufacturing Industry?

Companies in the industry primarily manufacture construction, mining and earthmoving machinery, as well as equipment and specialised parts. Firms that mainly manufacture tractors for construction or earthmoving purposes are also included in the industry.

Industry Products
Drilling rigs and equipmentUnderground mining equipmentMineral processing equipmentExcavators and shovelsLoaders and trucks
 
Industry Activities
Back hoeConcrete mixerCrawler, construction and earthmoving tractorCrushing machineryDozer, angle dozer and bulldozerDrilling machineryEarthmoving machineryJackhammerMining machineryOff-highway truck


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