The market is dominated by foreign suppliers, as imports account for 79.0% of total market size in 2023. Investments drive market demand, with investments representing 56.5% of total demand in 2023. Australia has the 16th largest market size for engines and turbines, except aircraft, vehicle and cycle engines across the top 20 developed countries, with demand reaching USD900 million in 2023. TSF Engineering Pty Ltd is the largest company in Australia, generating 17.4% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 45.6% of total production value in 2023. The total number of companies increases in 2023, to 127 units. The costs of the industry decrease by 1% in 2023, largely driven by declining B2B costs. The industry’s profitability increases and stands at 17.6% of production value in 2023, the highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 39.7% of total production output. With production value of USD305 million, Australia accounts for 77.7% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Australia: ISIC 2911. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Engines and Turbines, Except Aircraft, Vehicle and Cycle Engines in Australia: ISIC 2911 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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