Conveyor and Crane Manufacturing in Australia - Industry Market Research Report
Description
Conveyor and Crane Manufacturing in Australia
The Conveyor and Crane Manufacturing industry has struggled with volatile downstream demand over recent years, as sharp fluctuations in key sectors have created a mixed industry-wide dynamic. Manufacturers of products that supply the Mining division have prospered, especially manufacturers of bulk-handling conveyors. Commodity prices soared in 2022 and investment in new mining projects has also jumped, benefiting manufacturers of material handling equipment geared towards mining. Conversely, manufacturers who supply construction were left exposed to a sharp downturn in the wake of the COVID-19 outbreak, especially in residential construction. In 2022, as interest rates surged, construction activity in Australia was hampered even further. Overall, industry revenue is expected to rise at an annualised 1.7% over the past five years to $2.7 billion, including an anticipated decline of 5.1% in 2022-23.
Industry firms primarily manufacture forklift trucks, cranes, winches, hoists, hoisting equipment, conveyors or conveying systems. They also manufacture elevators, escalators, lifts and tractors used for moving goods. The industry excludes companies solely focused on maintenance, installation and repair services.
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.
The Conveyor and Crane Manufacturing industry has struggled with volatile downstream demand over recent years, as sharp fluctuations in key sectors have created a mixed industry-wide dynamic. Manufacturers of products that supply the Mining division have prospered, especially manufacturers of bulk-handling conveyors. Commodity prices soared in 2022 and investment in new mining projects has also jumped, benefiting manufacturers of material handling equipment geared towards mining. Conversely, manufacturers who supply construction were left exposed to a sharp downturn in the wake of the COVID-19 outbreak, especially in residential construction. In 2022, as interest rates surged, construction activity in Australia was hampered even further. Overall, industry revenue is expected to rise at an annualised 1.7% over the past five years to $2.7 billion, including an anticipated decline of 5.1% in 2022-23.
Industry firms primarily manufacture forklift trucks, cranes, winches, hoists, hoisting equipment, conveyors or conveying systems. They also manufacture elevators, escalators, lifts and tractors used for moving goods. The industry excludes companies solely focused on maintenance, installation and repair services.
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.
Table of Contents
43 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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