Conveyor and Crane Manufacturing in Australia - Industry Market Research Report

Conveyor and Crane Manufacturing in Australia - Industry Market Research Report

Conveyor and Crane Manufacturing in Australia

The Conveyor and Crane Manufacturing industry has struggled with volatile downstream demand over recent years, as sharp fluctuations in key sectors have created a mixed industry-wide dynamic. Manufacturers of products that supply the Mining division have prospered, especially manufacturers of bulk-handling conveyors. Commodity prices soared in 2022 and investment in new mining projects has also jumped, benefiting manufacturers of material handling equipment geared towards mining. Conversely, manufacturers who supply construction were left exposed to a sharp downturn in the wake of the COVID-19 outbreak, especially in residential construction. In 2022, as interest rates surged, construction activity in Australia was hampered even further. Overall, industry revenue is expected to rise at an annualised 1.7% over the past five years to $2.7 billion, including an anticipated decline of 5.1% in 2022-23.

Industry firms primarily manufacture forklift trucks, cranes, winches, hoists, hoisting equipment, conveyors or conveying systems. They also manufacture elevators, escalators, lifts and tractors used for moving goods. The industry excludes companies solely focused on maintenance, installation and repair services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.