2014-04-01 19:09:02 - Machinery for Textile and Apparel Production in Australia: ISIC 2926 - a new market research report on companiesandmarkets.com
The Australian machinery for textile and apparel production market expanded by 62% since 2000 and reached almost A$1.6 billion in sales in 2010. Growth was stimulated by technological innovations and growing demand for apparel production.
On average, 96% of total demand for textile and apparel production machinery came from B2B transactions during the review period, including purchases for investment purposes.
In 2010, direct business sales amounted to 43% share, whereas 53% of total sales were purchased for investment purposes. Households accounted for 4% of total sales in 2010, up by a percentage point in share from 2000. The turnover of local producers reached A$980 million in 2010. Over the review period, machinery production expanded by more than 58%, yielding 5% annual growth
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