Mining and Industrial Machinery Wholesaling in Australia - Industry Market Research Report

Good prospects: Strong demand from the mining sector has benefited revenue growth

Mining and industrial machinery wholesalers have faced a mixed operating environment in recent years due to varying activity and expenditure among downstream markets. Industry wholesalers connect manufacturers of a variety of machinery and equipment with final markets. Mining and industrial machinery wholesalers tend to have ties with national and international manufacturers and can fill orders for various industries. Demand for mining machinery and equipment slowed in 2019-20 and 2020-21 due to uncertainty from the COVID-19 pandemic. Moreover, supply chain disruptions led to difficulties in importing highly demanded machinery brands from overseas. However, the mining sector has grown strongly over the past few years, benefiting revenue growth and profit margins. Overall, industrywide revenue has been growing at an annualised 2.1% over the past five years and is expected to total $24.8 billion in 2023-24, when revenue will jump by an estimated 0.8%. Industry operators wholesale a range of machinery, parts and equipment for use in industrial production and mining processes. Wholesaled products include food processing machinery, woodworking equipment, dry-cleaning equipment and printing machinery. 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.