Australia lifting and handling equipment market revenues totalled A$6.7Bn in 2010
Lifting and Handling Equipment in Australia: ISIC 2915 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-01 18:57:02
After growing 5% per annum over 2000-2010, the Australian industry for the manufacture of lifting and handling equipment has the potential to benefit greatly from the recovering economy and construction industry.
Experiencing net 63% growth over the decade, the market achieved A$6.7 billion in value in 2010. While growing for most of the decade, the market fell by 16% year-on-year in 2009 and a further 3% y-o-y in 2010 as the recession struck, and many of its large customers from the manufacturing and construction industries were hit.
The vast majority of demand was created by capital purchases, and their shares increased even further from a 58% value share of the buyers´ market in 2000 to a 74% value share in 2010. Businesses followed in importance, comprising a 20% value share of total purchases in 2010, with the logistics and construction industries among the major customers.
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