Shearing, Cropping and Agricultural Support Services in Australia - Market Research Report (2014-2029)
Melbourne, Australia
Last Updated: June 2024
ANZSIC A0529Revenue
$4.9bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
45,343
Businesses
15,723
Wages
$X.Xbn
Shearing, Cropping and Agricultural Support Services in Australia industry analysis
The Shearing, Cropping and Agricultural Support Services industry's performance relies on demand from the farming sector, particularly cattle, sheep and grain industries. That's why fluctuations in production volumes and prices of agricultural produce expose the industry to demand volatility. Many downstream farms have sought to improve operating efficiencies and increasingly consolidated, outsourcing non-essential functions to industry support service providers, benefiting industry businesses.The Agriculture subdivision has faced volatile conditions. Severe drought and extreme weather events significantly reduced agricultural sector revenue in 2019-20. Many crop-growing industries were severely impacted, hindering demand in the cropping services segment. The national cattle herd also shrunk to its smallest size in 2019-20 in over three decades. Industry businesses that rely on demand from the livestock farming sector also faced a challenging environment. These trends were reversed over the two years through 2021-22 as rainfall patterns improved and her rebuilding activity allowed for a significant expansion in livestock numbers. Rising foreign demand for agricultural goods (beef and dairy) also provided opportunities for industry expansion. Overall, revenue has grown at an annualised 4.6% over the past five years and is expected to total $4.9 billion in 2023-24, when revenue will tank by an estimated 5.0%. This can be attributed to drier conditions in 2023-24 constraining agricultural output and boosting livestock turn-off rates.The industry is set to expand over the next few years. Greater crop output will encourage the Agricultural sector to employ industry support services. This trend will help boost demand for related cropping services. Nonetheless, rainfall and weather conditions will remain volatile, constraining revenue growth. Downstream farms will also continue consolidating to improve operating efficiencies. Larger farm sizes will call for higher value agricultural support services, boosting profit margins. Revenue is forecast to increase at an annualised 1.2% over the five years through 2028-29 to total an estimated $5.2 billion.
Trends and Insights
- Improving rain patterns following the severe drought have driven operators’ performance. Wetter conditions have boosted demand for agricultural support services and revenue.
- Improving pasture conditions following wetter conditions have constrained livestock turn-off rates. This trend has shrunk demand for marketing and handling services.
- Industry support service providers are usually located close to downstream farms. Significant agricultural activity in the eastern seaboard makes New South Wales, Victoria and Queensland attractive locations for industry businesses.
- Industry businesses face significant price competition. Intense competition among similar agricultural support service providers encourages price-cutting activity to gain market share.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 4.6 % over the past five years, to reach an estimated $4.9bn in 2024.
Trends and Insights
Variable output and changing structure in the Agriculture subdivision have driven revenue
- Increasing competition in livestock industries has encouraged farms to corporatise, boosting their vertical integration.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Farmers will continue seeking efficiency gains owing to increasing competition and cost pressures
- Farmers in the Agriculture sector will continue attempting to achieve greater economies of scale.
Biggest companies in the Shearing, Cropping and Agricultural Support Services in Australia
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 |
|---|
There are no companies that hold a large enough market share in the Shearing, Cropping and Agricultural Support Services in Australia industry for IBISWorld to include in this product.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Cropping services, Livestock services and Shearing and crutching services. Cropping services is the largest segment of the Shearing, Cropping and Agricultural Support Services in Australia.
Trends and Insights
Above-average rainfall has boosted demand for cropping services
- Cropping services include harvesting, spreading and spraying services for grains and other crops. Fruit and vegetable picking are also a part of this segment.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Wool Wholesaling in Australia
- Fruit and Vegetable Wholesaling in Australia
- Environmental Science Services in Australia
- Veterinary Services in Australia
International industries
- Crop Services in the US
- Livestock Production Support Services in the US
- Shearing, Cropping and Agricultural Support Services in New Zealand
Table of Contents
About this industry
Industry definition
Industry businesses primarily provide services to the agriculture sector, including aerial agricultural services, shearing, contract crop harvesting and animal testing. The industry excludes agistment services.
What's included in this industry?
Cropping servicesMarketing and handling servicesLivestock servicesIrrigation servicesShearing and crutching servicesPest control servicesSeed cleaning and grading servicesFishing support servicesPruning servicesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
CRUTCHINGMUSTERINGTURN-OFF RATEIndustry Code
ANZSIC 0522 - Shearing, Cropping and Agricultural Support Services in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Improving rain patterns following the severe drought have driven operators’ performance. Wetter conditions have boosted demand for agricultural support services and revenue.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Improving pasture conditions following wetter conditions have constrained livestock turn-off rates. This trend has shrunk demand for marketing and handling services.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Industry support service providers are usually located close to downstream farms. Significant agricultural activity in the eastern seaboard makes New South Wales, Victoria an...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Industry businesses face significant price competition. Intense competition among similar agricultural support service providers encourages price-cutting activity to gain mar...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Shearing, Cropping and Agricultural Support Services industry has no major companies. The industry is highly fragmented because of its diversity, consisting of several sm...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Demand highly depends on the Agricultural sector’s production volumes, which rely heavily on annual rainfall trends. Drier conditions in 2023-24 are expected to reduce revenu...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Skyrocketing agricultural production following wetter-than-average conditions has significantly benefited industry businesses. Higher production has translated to greater pro...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Shearing, Cropping and Agricultural Support Services industry in Australia in 2024?
The market size of the Shearing, Cropping and Agricultural Support Services industry in Australia is $4.9bn in 2024.
How many businesses are there in the Shearing, Cropping and Agricultural Support Services in Australia industry in 2024?
There are 15,723 businesses in the Shearing, Cropping and Agricultural Support Services industry in Australia, which has grown at a CAGR of 3.6 % between 2019 and 2024.
Has the Shearing, Cropping and Agricultural Support Services industry in Australia grown or declined over the past 5 years?
The market size of the Shearing, Cropping and Agricultural Support Services industry in Australia has been growing at a CAGR of 4.6 % between 2019 and 2024.
What is the forecast growth of the Shearing, Cropping and Agricultural Support Services industry in Australia over the next 5 years?
Over the next five years, the Shearing, Cropping and Agricultural Support Services industry in Australia is expected to grow.
What does the Shearing, Cropping and Agricultural Support Services in Australia include?
Cropping services and Marketing and handling services are part of the Shearing, Cropping and Agricultural Support Services industry.
How competitive is the Shearing, Cropping and Agricultural Support Services industry in Australia?
The level of competition is high and steady in the Shearing, Cropping and Agricultural Support Services industry in Australia.
