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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 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
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 Key Buyers Chapter

The industry has a relatively medium concentration of ownership. The top four players are estimated to account two-thirds of industry’s revenue in 2015-16. However, this principally reflects the contribution of the two largest players, Arrium Mining Consumables and Donhad, which together account for an estimated 58.0%, of revenue.

The industry has a highly fragmented structure and comprises many small scale firms that compete in narrow geographic or product markets. According to the ABS, the majority of enterprises employ fewer than 20 people (91.0%), including almost 40% of businesses having no paid employees (typically sole proprietors and partners). The vast majority of enterprises generate annual revenue of less than $2.0 million (83.3%)... 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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