2014-04-01 19:05:01 - Machinery for Construction, Mining and Quarrying in Australia: ISIC 2924 - a new market research report on companiesandmarkets.com
The Australian market for machinery for construction, mining and quarrying was growing at an average annual pace of 8% over the review period of 2000-2010. This was mainly due to the booming construction industry before 2009, and rapid recovery after the financial turmoil.
By the end of the review period the market was valued at nearly A$9 billion, 111% more than in 2000. Taking into account the specifics of the production provided in the market, the majority of consumers were business-to-business customers, their direct purchases accounting for 18% of the market.
Taking into consideration that sales were growing faster than the overall economy, the reviewed market must still be in its growth stage. 82% of total sales was attributable to purchases for
investment purposes. Among commercial consumers, the largest was the construction industry, fuelled by demand for residential housing and commercial projects.
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