Industrial and Mining Machinery Wholesaling in New Zealand - Industry Market Research Report

Building up steam: Industry demand and revenue are anticipated to recover in the current year

Firms in the Industrial and Mining Machinery Wholesaling industry have endured a difficult operating environment in recent years. Negative business confidence has weighed on downstream demand, exacerbated by the pandemic and soaring inflation. Moreover, a relatively weak New Zealand dollar in recent years has lifted import prices, which wholesalers have struggled to pass on to downstream customers, negatively affecting industry profitability. Industrial and mining machinery wholesaling revenue has fallen at an annualised 2.6% over the past five years, to $3.3 billion. This includes a 6.0% decline in the current year, as interest rate hikes discourage investment in new machinery. Industry operators wholesale a range of machinery, parts and equipment that are mainly used in industrial production and mining processes. Wholesaled products include food processing machinery, woodworking equipment, dry-cleaning equipment and printing machinery, and other specialised 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.