Abstract
Driven by strong capital investment in the mining industry, and to a lesser
extent the manufacturing industry, sales of pumps into these sectors in
Australia have grown strongly over recent years. Sales of pumps into the
mining sector have grown at a compound annual growth rate of almost 10 per
cent from 2005 to 2008. The global economic downturn has impacted capital
investment in both sectors, and together with lower levels of equipment
utilisation (which affects replacement rates) growth in pump sales will turn
negative in 2009. However the market growth rate is forecast to turn positive
again in 2010 in the manufacturing sector and 2011 in mining.
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