The market is dominated by foreign suppliers, as imports account for 76.6% of total market size in 2023. Investments drive market demand, with investments representing 75.3% of total demand in 2023. Australia has the sixth largest market size for lifting and handling equipment across the top 20 developed countries, with demand reaching USD9.3 billion in 2023. Terex Australia Pty Ltd is the largest company in Australia, generating 10.1% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 13.5% of total production value in 2023. The total number of companies increases in 2023, to 907 units. The costs of the industry decrease by 0.3% in 2023, largely driven by declining labour costs. The industry’s profitability decreases and stands at 17.6% of production value in 2023, the third highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 10.8% of total production output. With production value of USD1.9 billion, Australia accounts for 76.1% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Lifting and Handling Equipment in Australia: ISIC 2915. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Lifting and Handling Equipment in Australia: ISIC 2915 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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