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Conveyor and Crane Manufacturing in Australia Industry Data and Analysis
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.
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What's included in this industry analysis
IBISWorld's research coverage on the Conveyor and Crane Manufacturing industry in Australia includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.
About this industry
What's this industry report about?
The Conveyor and Crane Manufacturing industry in Australia operates under the ANZSIC industry code C2491. 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. Related terms covered in the Conveyor and Crane Manufacturing industry in Australia include forklift, conveyor, travelator and overhead cranes.
What's included in this industry?
Products and services covered in Conveyor and Crane Manufacturing industry in Australia include Unit handling conveyors, Bulk handling conveyors and Elevators and walkways.
What companies are included in this industry?
Companies covered in the Conveyor and Crane Manufacturing industry in Australia include Fenner Conveyor, Terex Australia and Nepean Conveyors Pty Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Conveyor and Crane Manufacturing industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Conveyor and Crane Manufacturing industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Conveyor and Crane Manufacturing industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Conveyor and Crane Manufacturing industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Conveyor and Crane Manufacturing industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Conveyor and Crane Manufacturing industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Conveyor and Crane Manufacturing industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Conveyor and Crane Manufacturing industry in Australia.
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Frequently Asked Questions
What is the market size of the Conveyor and Crane Manufacturing industry in Australia in 2026?
The market size of the Conveyor and Crane Manufacturing industry in Australia is $2.7bn in 2026.
How many businesses are there in the Conveyor and Crane Manufacturing industry in Australia in 2025?
There are 513 businesses in the Conveyor and Crane Manufacturing industry in Australia, which has grown at a CAGR of 0.6 % between 2020 and 2025.
How may import tariffs affect the Conveyor and Crane Manufacturing industry in Australia?
The Conveyor and Crane Manufacturing industry in Australia is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Conveyor and Crane Manufacturing industry in Australia?
The Conveyor and Crane Manufacturing industry in Australia is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Conveyor and Crane Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Conveyor and Crane Manufacturing industry in Australia has been growing at a CAGR of 0.5 % between 2020 and 2025.
What is the forecast growth of the Conveyor and Crane Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Conveyor and Crane Manufacturing industry in Australia is expected to decline.
What are the biggest companies in the Conveyor and Crane Manufacturing industry in Australia?
The biggest companies operating in the Conveyor and Crane Manufacturing industry in Australia are Fenner Conveyor, Terex Australia and Nepean Conveyors Pty Ltd
What does the Conveyor and Crane Manufacturing industry in Australia include?
Unit handling conveyors and Bulk handling conveyors are part of the Conveyor and Crane Manufacturing industry in Australia.
Which companies have the highest market share in the Conveyor and Crane Manufacturing industry in Australia?
The company holding the most market share in the Conveyor and Crane Manufacturing industry in Australia is Fenner Conveyor.
How competitive is the Conveyor and Crane Manufacturing industry in Australia?
The level of competition is high and increasing in the Conveyor and Crane Manufacturing industry in Australia.
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