Overhead Crane Manufacturing in Australia Industry Market Research Report Now Available from IBISWorld

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Overhead crane manufacturers have focused on services such as repair, maintenance and updates as demand for new cranes has slowed in downstream markets. For this reason, industry research firm IBISWorld has added a report on the Overhead Crane Manufacturing in Australia to its growing industry report collection.

In the five years through 2013-14, the Overhead Crane Manufacturing industry has struggled with inconsistent demand for cranes and related services across major markets. Overall industry revenue is estimated to decline at a compound annual rate of 0.8%. Over 2013-14, industry revenue is expected to fall 1.5% to $436.7 million.

According to IBISWorld industry analyst Caroline Finch, “Downstream demand for industry services is heavily skewed towards capital-intensive manufacturing industries. Many of these, such as paper, metal and car manufactures, have been in structural decline over the past decade.” The industry also provides equipment to manufacturers that depend on construction activity. In the past five years, construction industries have performed weakly, to the detriment of the manufacturing industries that supply them with parts. The industry has benefited from the spillover effects of the boom in mining capital investment, both directly and indirectly.

In the past five years, the industry has shown signs of entering a consolidation phase. This is forecast to pick up pace over the next five years. Industry employment levels have been stable, as remaining enterprises expand the scope of their operations. The industry provides a highly customised product, and high-quality employees are critical. “Despite revenue declines over the past five years, the average wage in the industry has increased,” says Finch. “Operators have sought to match increased demand for industry skills from other industries, notably mining.”

The Overhead Crane Manufacturing industry has focused on services such as repair, maintenance and updates as demand for new cranes has slowed in major markets. This trend is expected to continue over the next five years, with the outlook for major markets uncertain. Manufacturers are expected to benefit from a weakening dollar, while demand from the Mining division is expected to contract. The outlook for construction is uncertain, with unmet demand and red tape a feature of many markets. In the next five years, the industry is expected to perform more strongly, returning to growth.

For more information, visit IBISWorld’s Overhead Crane Manufacturing report in Australia industry page.

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

IBISWorld Industry Report Key Topics

This industry manufactures overhead cranes and gantry cranes. Overhead cranes include a hook-and-line mechanism that runs along a horizontal beam, which runs along two widely separated rails.

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 organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.

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