The Mining and Construction Machinery Manufacturing industry is, by nature, in prime position to ride the highs and suffer through the lows of the downstream industries on which it is highly dependent. At the moment, the industry is riding a high. IBISWorld estimates that industry revenue will grow at an annualised 1.6% over the five years through 2012-13. Mining in Australia is booming as a result of soaring demand for commodities from resource-hungry economies such as Indonesia, China and India. On top of this, the industry's other main customer, the Construction division, is rebounding as spending picks up along with the economy.
Companies in this industry manufacture equipment and machinery for use in the mining and construction divisions.
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.