B2B drives market demand, with B2B spending representing 88.3% of total demand in 2022. ALS Ltd is the largest company in Australia, generating 9.0% of the industry’s total turnover value in 2022. The industry is fragmented, with the top five companies generating 19.9% of total production value in 2022. The total number of companies increases in 2022, to 5,460 units. The costs of the industry decrease by 0.4% in 2022, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 10.3% of turnover in 2022, the 12th highest across the top 20 developed countries. With turnover of USD5.6 billion, Australia accounts for 88.3% of the Australasia total in 2022.
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This Euromonitor industrial report provides unique information on Research and Development in Australia: ISIC 73. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Research and Development in Australia: ISIC 73 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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