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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 2015

Steeled for a fall: Industry revenue deteriorates as key markets perform poorly

IBISWorld’s Iron and Steel Forging market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$625m
Annual Growth 10-15
-7.8%
Annual Growth 15-20
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Profit
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Employment
1,434
Businesses
118
Industry Analysis & Industry Trends

Despite its abundance of natural resources and large quantities of iron ore, Australia has a small steel sector compared with other developed nations. The Iron and Steel Forging industry is characterised by a number of small companies that produce highly customised, low-volume forged products. The industry also includes a few large companies that produce grinding media and wheels and axles for rolling stock.

Forging iron and steel is a method of shaping the metal. Unlike cast iron and steel products, where the metal is heated to its melting point and then poured into a mould, forging involves applying pressure to the metal and bending it into shape. Forging generally produces stronger steel components but is more difficult to perform on larger items... purchase to read more

Industry Report - Industry Locations Chapter

Locations of operators across Australia generally follow the distribution of population. New South Wales, Victoria and Queensland represent more than 70% of industry establishments. According to the ABS, there are no iron and steel forging operators in the Northern Territory or Tasmania. The tendency for businesses to thrive near well-populated areas is partly attributed to the concentration of various manufacturing and construction businesses in these locations, which are the largest consumers of products in this industry. High density of manufacturing firms in Victoria results in the state being over represented in terms of establishments relative to its population... 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 fittingHorseshoeIron tube fittings and pipe fittingsIron or steel valveOther forged iron or steel products


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