Growing import penetration has placed significant strain on the Electric Lighting Equipment Manufacturing industry over the past five years. The strong local currency has made Australian products less attractive both locally and abroad, pushing revenue lower. Foreign products have benefited from low labour costs, enabling foreign producers to sell competing products at much lower prices. As a result, industry revenue is expected to decline by an annualised 6.9% over the five years through 2014-15. This decline includes a fall of 1.0% in 2014-15, to reach $994.0 million.
Companies in the industry primarily manufacture lighting products including tubes and fittings (except automotive) and electric signs. The industry is not significantly involved in manufacturing light bulbs as all light bulbs are now imported.
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.