Industrial Machinery Manufacturing in Australia - Industry Market Research Report

Industrial Machinery Manufacturing in Australia - Industry Market Research Report
Industrial Machinery Manufacturing in Australia

The industry is highly fragmented due to the diverse nature of the products, with many firms producing low quantities of specialised products. Downstream markets, like mining and manufacturing, strongly influence the industry's performance. Industry revenue is expected to grow at an annualised 3.3% over the five years through 2023-24 to $2.8 billion. This includes an expected 2.1% decline in the current year due to slow growth in downstream demand stemming from a sharp rise in interest rates.

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 vending and gaming machines, motor vehicle engines and refrigeration equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.