$2.7bn
$XXX.Xm
6,178
513
$XXX.Xm
Dramatic changes in downstream demand have resulted in an equally turbulent time for the Conveyor and Crane Manufacturing industry. Growing demand for unit-handling conveyors and expansion in downstream building construction firms has driven revenue to expand by an annualised 0.5% through the end of 2023-24, reaching $2.7 billion.
However, declining demand from mining and construction markets has contributed to revenue dropping by 9.8% in 2023-24. Profitability has also fallen substantially recently, with rising input costs and increasing depreciation expenses.
Imported cranes and conveyors are occupying a growing share of domestic demand. These items come from foreign manufacturers operating in countries with much larger economies of scale and lower labour and energy costs, allowing them to manufacture and sell cranes and conveyors at a price below what Australian-based manufacturers can. To compete with imports, local producers must attempt to differentiate themselves. One such method is developing products catering to the Australian market and conditions. Companies prioritising expanding facilities close to critical mining industries have built relationships with major mining companies and offer these clients tailored crane and conveyor solutions.
Conveyor and crane manufacturing revenue is forecast to total $2.6 billion in 2028-29, representing an annualised contraction of 0.7%. This lower revenue will likely stem from a reduction in demand from the Mining division over the next few years, along with a projected appreciation of the Australian dollar, which will incentivise more imports into the market. However, a forecast rally in demand from other markets, like transport and warehousing, construction and manufacturing, is set to mitigate these declines somewhat.
Industry revenue has grown at a CAGR of 0.5 % over the past five years, to reach an estimated $2.7bn in 2023.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Fenner Conveyor | 366.5 | |
Terex Australia | 271.9 | |
Nepean Conveyors Pty Ltd | 116.8 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Unit handling conveyors, Bulk handling conveyors and Elevators and walkways. Unit handling conveyors is the largest segment of the Conveyor and Crane Manufacturing in Australia.
Bulk handling conveyors remain the industry's predominant product segment
Industry firms primarily manufacture forklift trucks, cranes, winches, hoists, hoisting equipment, conveyors or conveying systems. They also manufacture elevators, escalators, lifts and tractors for moving goods. The industry excludes companies solely focused on maintenance, installation, and repair services.
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ANZSIC 2491 - Conveyor and Crane Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Conveyor and Crane Manufacturing industry in Australia is $2.7bn in 2024.
There are 513 businesses in the Conveyor and Crane Manufacturing industry in Australia, which has grown at a CAGR of 0.6 % between 2018 and 2023.
The market size of the Conveyor and Crane Manufacturing industry in Australia has been growing at a CAGR of 0.5 % between 2018 and 2023.
Over the next five years, the Conveyor and Crane Manufacturing industry in Australia is expected to decline.
The biggest companies operating in the Conveyor and Crane Manufacturing market in Australia are Fenner Conveyor, Terex Australia and Nepean Conveyors Pty Ltd
Unit handling conveyors and Bulk handling conveyors are part of the Conveyor and Crane Manufacturing industry.
The company holding the most market share in Australia is Fenner Conveyor.
The level of competition is high and increasing in the Conveyor and Crane Manufacturing industry in Australia.