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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 | Feb 2014

Beaten, but not broken: After past declines, industry revenue will grow once again

IBISWorld’s Iron and Steel Forging market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$857m
Annual Growth 09-14
-2.3%
Annual Growth 14-19
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Profit
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Employment
1,658
Businesses
120
Industry Analysis & Industry Trends

After a period of heavy beatings, the Iron and Steel Forging industry is expected to emerge with a stronger and brighter outlook. Over the five years through 2013-14, industry revenue is estimated to decline at a compound annual rate of 2.3% to reach $857.4 million. Despite this, profit margins have been relatively healthy, which is mainly attributed to the ability of operators to pass on price rises to their clients. Despite the ups and downs in input prices during the past five years, many operators have been able to keep their margins positive.

As a producer of primarily intermediate products, the industry is at the mercy of the performance of its downstream buyers. A... purchase to read more

Industry Report - Industry Products Chapter

The industry produces a large range of products, including steel hooks, pipes, valves and horseshoes. Therefore, its products and services are categorised based on production methodology.

Forging involves deforming a piece of metal to alter its shape or properties. Forging is usually carried out by applying compressive force that is large enough to alter the grain structure of the metal (altering the orientation of metal particles inside the work piece). Forging can generally be categorised into two main groups: cold forging and hot forging.

Hot forging involves the application of heat during the forging process. Temperatures may reach as high as 1,200 degrees Celsius for hot steel 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
Open die forgingImpression die forgingFlashless forgingOther forging processes
 
Industry Activities
Steel chain forgingIron or steel fittingHorse shoeIron tube fittings and pipe fittingsIron or steel valveOther forged iron or steel products


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