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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 can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 Locations Chapter

The geographic distribution of industry operators broadly corresponds with the spread of population and economic activity across Australia. No iron and steel forging operators are in Tasmania, ACT or the Northern Territory, while three quarters of enterprises are located in the most populous states of New South Wales, Victoria and Queensland, broadly in line with their population share.

There is also a high representation of enterprises in Western Australia (17.3%) which broadly reflects the high demand for grinding apparatus and rail stock in the local resources sector and the need to locate close to major customers to contain transport costs and maintain close relationships with clients... 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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