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Iron and Steel Forging in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron and Steel Forging Market Research Report | ANZSIC C2210 | Jan 2016

A little rusty: Offshoring of manufacturing capacity reduces demand

IBISWorld’s Iron and Steel Forging market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$590m
Annual Growth 11-16
-6.3%
Annual Growth 16-21
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Profit
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Employment
1,450
Businesses
125
Industry Analysis & Industry Trends

The forging of iron and steel is a method used for processing metal by the application of thermal and mechanical pressure, to reach the desired shape. Forging generally produces stronger steel components than metal casting, and the finished product is suitable for high-stress applications. Traditionally, forged products have been important inputs into motor vehicle manufacturing and the production of other machinery, but these markets are steadily drying up as local manufacturers lose their competitive edge against imports.

Demand for forged products from the mining, construction and transport sectors has been insufficient to offset the loss of sales to the Manufacturing division as these customers import finished manufactured products... purchase to read more

Industry Report - Industry Products Chapter

Forging is the application of thermal and mechanical energy to steel billets or ingots to cause the material to change shape while in a solid state. This contrasts with metal casting, the process where metal is heated until molten and poured into a mould or vessel to create a desired shape.

The forging process varies considerably among firms and by product type. The principal products forged in Australia include grinding media, rail wheels and axles, fasteners, steel hooks, pipes and precision valves. The most common types of forging include open die forging, impression die forging, rolled ring forging (seamless ring forging), induction forging, cold forging and flashless forging (enclosed impression die forging)... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron and Steel Forging Industry?

Operators in this industry are mainly engaged in iron and steel forging activities. These activities involve the shaping of iron and steel into different forms. The process alters the physical properties of the metals, resulting in improved strength characteristics.

Industry Products
Grinding mediaRailway partsForged fastenersRigging equipmentAutomotive parts
 
Industry Activities
Steel chain forgingIron or steel fittingHorseshoeIron tube fittings and pipe fittingsIron or steel valveOther forged iron or steel products


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