The market is dominated by foreign suppliers, as imports account for 58.8% of total market size in 2023. Investments drive market demand, with investments representing 50.8% of total demand in 2023. Australia has the 12th largest market size for machine tools across the top 20 developed countries, with demand reaching USD2.6 billion in 2023. Victor Technologies Australia Pty Ltd is the largest company in Australia, generating 9.4% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 14.4% of total production value in 2023. The total number of companies increases in 2023, to 1,871 units. The costs of the industry increase by 0.6% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 13.6% of production value in 2023, the seventh highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 21.8% of total production output. With production value of USD1.1 billion, Australia accounts for 84.0% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Machine Tools in Australia: ISIC 2922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machine Tools in Australia: ISIC 2922 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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