The market is dominated by foreign suppliers, as imports account for 58.0% of total market size in 2024. B2B drives market demand, with B2B spending representing 54.3% of total demand in 2024. Australia has the 11th largest market size for industrial and laboratory furnaces across the top 20 developed countries, with demand reaching USD386 million in 2024. Major Furnace Australia Pty Ltd is the largest company in Australia, generating 16.6% of the industry’s total production value in 2024. The industry is fragmented, with the top five companies generating 43.7% of total production value in 2024. The total number of companies decreases in 2024, to 9 units. The costs of the industry decrease by 4.1% in 2024, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 8.8% of production value in 2024, the 11th highest across the top 20 developed countries. The industry’s exports share increases in 2024 to 11.7% of total production output. With production value of USD158 million, Australia accounts for 75.2% of the Australasia total in 2024.
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Overview:
This Euromonitor industrial report provides unique information on Industrial and Laboratory Furnaces in Australia: ISIC 2914. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Industrial and Laboratory Furnaces in Australia: ISIC 2914 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
The Machinery in Australia report includes:
- Five year forecasts on industry’s historic trends and growth
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- Historic data on industry’s turnover, market size, imports and exports
- Detailed overview of industry’s supply and demand structure
- Analysis of competitive landscape changes within the industry
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Industrial and Laboratory Furnaces in Australia: ISIC 2914
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Machinery
This is the aggregation of general purpose machinery and special purpose machinery.
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