Mining and Industrial Machinery Wholesaling in Australia Industry Market Research Report Now Updated by IBISWorld

Mining firms are increasing investment in capital to take advantage of the resources boom, and therefore driving growth for machinery wholesalers. For this reason, industry research firm IBISWorld has updated its report on the Mining and Industrial Machinery Wholesaling industry in Australia.

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IBISWorld Market Research

IBISWorld Market Research

The global resources boom fuels industry growth

Melbourne, Australia (PRWEB) May 10, 2013

The Mining and Industrial Machinery Wholesaling industry enjoyed vigorous growth before and after the global financial crisis, underpinned by surging demand for mining machinery and equipment due to the global resources boom. According to IBISWorld industry analyst Ricky Willianto, “Strong growth in freight volumes and investment in water infrastructure also stimulated demand for material-handling equipment and pumps.” However, the terminal decline of the Australian Manufacturing division has constrained demand for machine tools and other machinery.

Revenue for the Mining and Industrial Machinery Wholesaling industry is forecast to grow by 8.1% in 2012-13. The strong growth can be attributed to increased investment in capital from the Mining division, which is a major market for the industry. Despite price declines for various mining commodities, a strong sentiment in the division has encouraged many mining operators to continue pouring money into exploration activities. “This has bolstered the demand for various mining machineries over the past five years,” says Willianto.

Industry growth is expected to continue over the next five years. Improving business conditions and rising industrial production should encourage manufacturers to invest in machinery and equipment. Developing economies and their appetites for Australian mineral and energy resources will underpin demand for mining machinery. Strong import competition will continue to place pressure on the Manufacturing division, weighing on demand for industry products. However, the mining and water treatment sectors should remain solid markets for industry wholesalers.

For more information, visit IBISWorld’s Mining and Industrial Machinery Wholesaling report in Australia industry page.

Follow IBISWorld on Twitter: http://twitter.com/#!/ibisworldau

IBISWorld industry Report Key Topics

Operators in the industry wholesale a range of machinery, parts and equipment that are mainly used as part of the production process. Products wholesaled by operators in the industry include everything from food processors to pumps and compressors.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.


Contact

  • Gavin Smith
    IBISWorld
    310-490-5973
    Email