2014-04-01 19:01:01 - Machine Tools in Australia: ISIC 2922 - a new market research report on companiesandmarkets.com
The Australian market for machine tools grew in total by 52% over 2000-2010, and is set to see good future growth numbers, with a new industry plan to focus on high-performance and flexible machine tools.
Growing by 5% on average per annum, the Australian market for machine tools reached A$2.3 billion in 2010. Generally displaying growth figures, the market experienced a sharp decline of 15% in 2009 as the manufacturing decrease that came with the recession reduced demand for machine tools. The market declined further by 7% in 2010.
On average, 57% of total market output was used for investment purposes over the decade. B2B customers followed with 41% of total purchases in 2010, their share slightly increased from 38% in 2000.
Households follow in importance, purchasing 4% of market output in 2010, with the government the last customer with a negligible 1% share of total purchases. Local producers accounted for approximately a third of the market output throughout the decade.
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