Mining and Construction Machinery Manufacturing in Australia - Industry Market Research Report

Shafted: Volatile demand from mining and construction has chipped away at SME industry revenue

The Mining and Construction Machinery Manufacturing industry has experienced mixed demand conditions in recent years. Activity in the mining and construction sectors drives industry performance, so capital expenditure by either sector benefits the industry. However, cost pressures and heightened import competition have caused industry profitability to fall and forced some firms to exit the industry. Other firms have been forced to restructure their operations, moving some production offshore to take advantage of lower manufacturing costs.

Overall, industry revenue has grown by an annualised 3.4% over the five years through 2022-23, to reach $4.6 billion. This trend includes growth of 1.3% in 2022-23.Industry firms primarily manufacture construction, earthmoving or mining machinery and equipment, and specialised parts for these types of equipment. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.