IBISWorld updates report on Australian concrete product industry

Industry research firm IBISWorld has updated its figures on
the national concrete manufacturing sector.

IBISWorld’s report, Concrete Product Manufacturing industry
in Australia
, takes into account a “wide range of products”, including
pipes, bricks and tiles.

“The industry is dominated by a few large, vertically
integrated firms,” said analyst Anthony Kelly in a statement.

“The six-largest companies generate just over 75% of annual
industry revenue.”

Growth was contained by “divergent trends”, said Kelly, including strong demand from infrastructure and mining projects yet a decreased use of certain concrete products in housing construction.

The industry is made up of 7,900 employees, 825 firms, and
produced revenues of $2.58 billion for 2014/15, “up 2.8% on the previous year.”
There were 908 businesses and 8,050 employees in the same report in January
2014.

In 2009-10, a cyclical peak period, there were 908
businesses employing 9,159. Overall, annualised revenue has decreased 1.5 per
cent for the five years to 2014-15.

Local businesses also experienced some pressure from
imports, which were tipped to increase their market share and which represented
7.2 per cent of demand for 2014-15.

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