Machine Tool and Parts Manufacturing in Australia - Industry Market Research Report

Machine Tool and Parts Manufacturing in Australia
The Machine Tool and Parts Manufacturing industry is highly fragmented, primarily comprising smaller scale manufacturers that employ fewer than 20 people and specialise in certain product segments. Manufacturers can gain an advantage over one another and external competition via significant research and development investment. Larger manufacturers, in particular, have greater financial scope to invest in research and development and can afford to take risks with new product developments and modifications The industry primarily services the construction, mining and manufacturing sectors. Subdued demand from construction has limited the industry's profit margins. However, greater expenditure on mining is set to support the industry. Machine tool and parts manufacturing revenue is expected to rise to an estimated $2.3 billion at an annualised 1.2% over the five years through 2023-24. This trend includes an anticipated decline of 2.8% in 2023-24.

Manufacturers primarily produce 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.

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.