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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

The Iron and Steel Forging market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Investment Chapter

The Iron and Steel Forging industry has a low level of capital intensity. For every dollar spent on capital, the industry allocates an estimated $12.31 on payments to labour. Labour input is integral for managing the manufacturing process, for designing the dies, and for tooling of the machinery. The labour input tends to be higher for production processes, such as hammer forging and small run open die forging. The equipment used by the industry usually comes with a hefty price tag, but has a very long effective life, generally exceeding 15 years and hence depreciates at a slow rate. Capital intensity generally varies across operators.

The industry’s low capital intensity principally reflects the predominantly small scale nature of industry operations... 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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