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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 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
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 Analysis Chapter

Poor economic conditions in the past five years have affected the Iron and Steel Forging industry. Several problems have inundated the industry: weak downstream demand, volatile input prices and the general decline in business confidence. As a result, revenue is forecast to fall at a compound annual rate of 2.3% over the five years through 2013-14, to reach $857.4 million. In 2013-14, revenue is expected to fall by 0.7%, which is an improvement from a more severe fall of 11.5% in 2010-11.

Downstream markets contract

Many of the industry's products are intermediate products that are used by other manufacturing activities. The industry's performance is thus highly dependent on the performance of its downstream markets... 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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