The Agricultural Machinery Manufacturing industry has had a challenging time over the past five years. Ongoing drought conditions in rural Australia and the economic downturn lowered farmers' ability to purchase agricultural equipment. Demand for agricultural equipment has improved since the global downturn, as realised farm income has jumped due to higher rainfall in the eastern states, encouraging farmers to invest in new machinery. Nonetheless, industry revenue is expected to grow at a slow 0.9% per annum over the five years through 2012-13 to reach $2.37 billion. The slow growth comes as strong import competition has met the majority of the domestic demand increase.
Firms in the industry manufacture agricultural machinery and equipment, including tractors, harvesting and haymaking machinery, seeding and tillage equipment, lawn mowers and other agricultural machinery (such as grinder mixers, wool presses and windmills).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.