The market is dominated by foreign suppliers, as imports account for 55.2% of total market size in 2023. Investments drive market demand, with investments representing 61.5% of total demand in 2023. Australia has the fifth largest market size for agricultural and forestry machinery across the top 20 developed countries, with demand reaching USD7.9 billion in 2023. Croplands Equipment Pty Ltd is the largest company in Australia, generating 7.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 17.9% of total production value in 2023. The total number of companies increases in 2023, to 847 units. The costs of the industry increase by 1.1% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 12.9% of production value in 2023, the fifth highest across the top 20 developed countries. The industry’s exports share decreases in 2023 to 2.6% of total production output. With production value of USD2.3 billion, Australia accounts for 82.1% of the Australasia total in 2023.
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This Euromonitor industrial report provides unique information on Agricultural and Forestry Machinery in Australia: ISIC 2921. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agricultural and Forestry Machinery in Australia: ISIC 2921 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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