The market is dominated by foreign suppliers, as imports account for 57.0% of total market size in 2022. Investments drive market demand, with investments representing 53.7% of total demand in 2022. Australia has the 11th largest market size for machine tools across the top 20 developed countries, with demand reaching USD2.6 billion in 2022. Victor Technologies Australia Pty Ltd is the largest company in Australia, generating 9.1% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 14.9% of total production value in 2022. The total number of companies increases in 2022, to 1,806 units. The costs of the industry decrease by 0.9% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 15.8% of production value in 2022, the fifth highest across the top 20 developed countries. The industry’s exports share decreases in 2022 to 17.7% of total production output. With production value of USD1.2 billion, Australia accounts for 84.8% of the Australasia total in 2022.
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This Euromonitor industrial report provides unique information on Machine Tools in Australia: ISIC 2922. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Machine Tools in Australia: ISIC 2922 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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