The market is dominated by foreign suppliers, as imports account for 50.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 55.7% of total demand in 2023. Australia has the 12th largest market size for industrial and laboratory furnaces across the top 20 developed countries, with demand reaching USD332 million in 2023. Major Furnace Australia Pty Ltd is the largest company in Australia, generating 17.6% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 46.3% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 2.2% in 2023, largely driven by declining labour costs. The industry’s profitability increases and stands at 9.9% of production value in 2023, the eighth highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 12.0% of total production output. With production value of USD156 million, Australia accounts for 75.6% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Australia: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Australia: ISIC 2914 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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