Bearings, Gears, and Driving Elements in Australia: ISIC 2913 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 18:53:02
Growing 5% annually over 2000-2010, the Australian industry of manufacturing bearings, gears and driving elements faces strong competition from large international manufacturers. The total market displayed net 68% growth over the review period, reaching A$2 billion in value in 2010.
While generally demonstrating stable growth, the situation changed in the latter years of the decade, when exceptionally high 19% year-on-year growth in market value in 2008 was followed by the only decrease of the decade, at 6% year-on-year in 2009. This was due to the car manufacturing industry being hit hard by the economic downturn, thus lowering demand for car components and driving elements.
In recent years there has been a worrying trend of counterfeit gears, bearings and other driving equipment, with some companies unlawfully replicating some equipment from their competitors (the replicas are of low quality and sometimes almost indistinguishable from the original equipment).
Click for report details: www.companiesandmarkets.com/Market/Industrial/Market-Research/Be ..
Browse all Industrial Market Research Reports www.companiesandmarkets.com/Market/Industrial/Market-Research?aC ..
Browse all Industrial Company Profile Reports www.companiesandmarkets.com/Market/Industrial/Company-Profile?aC ..
Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.comâs online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.