Over the past five years, the performance of the Machine Tool and Parts Manufacturing industry has fluctuated significantly, a result of Australia's two-speed economy. Despite being boosted by rising activity in mining and construction, industry growth has been held back by the decline of the Manufacturing division. Industry revenue is forecast to grow at an annualised 2.4% over the five years through 2014-15, to reach $1.2 billion. However, this growth rate is slightly exaggerated due to a low base year in 2009-10, which followed a 16.7% drop in revenue.
Companies in this industry primarily manufacture woodworking or metalworking machinery and equipment, or specialised parts for this equipment. Enterprises that mainly manufacture pneumatic or power-operated hand tools are also included in the industry.
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.