The market is dominated by foreign suppliers, as imports account for 80.5% of total market size in 2023. Investments drive market demand, with investments representing 66.9% of total demand in 2023. Australia has the fourth largest market size for machinery for construction, mining and quarrying across the top 20 developed countries, with demand reaching USD9.6 billion in 2023. Joy Global Inc is the largest company in Australia, generating 11.5% of the industry’s total production value in 2023. The industry is fragmented, with the top four companies generating 34.7% of total production value in 2023. The total number of companies increases in 2023, to 1,928 units. The costs of the industry decrease by 0.4% in 2023, largely driven by declining labour costs. The industry’s profitability decreases and stands at 20.4% of production value in 2023, the highest across the top 20 developed countries. The industry’s exports share increases in 2023 to 26.9% of total production output. With production value of USD2.1 billion, Australia accounts for 73.1% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Machinery for Construction, Mining and Quarrying in Australia: ISIC 2924. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machinery for Construction, Mining and Quarrying in Australia: ISIC 2924 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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