$27.8bn
$X.Xbn
34,578
1,491
$X.Xbn
Farm and Construction Machinery Wholesalers have experienced varied market conditions over the past five years. Despite unpredictable weather patterns, increased need for agricultural produce has grown demand from the agriculture sector, fuelling demand for farming equipment. Conversely, demand from the building construction sector has declined. This drop is primarily attributed to a downturn in residential construction activity, as high inflation and rising cost-of-living pressures deter individuals from buying or developing properties. The heavy and civil engineering construction market has also seen fluctuations, but has generally trended upwards. Industry revenue is expected to remain relatively stable at $27.8 billion, with no change over the five years through 2023-24. This includes an anticipated fall of 4.4% in the 2023-24.
Industry revenue has grown at a CAGR of 0.0 % over the past five years, to reach an estimated $27.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
John Deere | 2,949.0 | |
Komatsu Australia | 1,495.4 | |
Hastings Deering Group | 1,208.9 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Tractors, Excavators and shovels and Loaders and dozers. Tractors is the largest segment of the Farm and Construction Machinery Wholesaling in Australia.
Positive growing conditions have encouraged growth in demand for tractors
Industry operators wholesale agricultural machinery, agricultural implements, earthmoving machinery, and other construction machinery and equipment. Industry operators also wholesale parts for this equipment.
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ANZSIC 3411 - Farm and Construction Machinery Wholesaling in Australia
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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 Farm and Construction Machinery Wholesaling industry in Australia is $27.8bn in 2024.
There are 1,491 businesses in the Farm and Construction Machinery Wholesaling industry in Australia, which has declined at a CAGR of 3.3 % between 2019 and 2024.
The market size of the Farm and Construction Machinery Wholesaling industry in Australia has been growing at a CAGR of 0.0 % between 2019 and 2024.
Over the next five years, the Farm and Construction Machinery Wholesaling industry in Australia is expected to grow.
The biggest companies operating in the Farm and Construction Machinery Wholesaling market in Australia are John Deere, Komatsu Australia and Hastings Deering Group
Tractors and Excavators and shovels are part of the Farm and Construction Machinery Wholesaling industry.
The company holding the most market share in Australia is John Deere.
The level of competition is high and steady in the Farm and Construction Machinery Wholesaling industry in Australia.