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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

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
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 - Starting a New Business Chapter

Barriers to entry to the industry are high. A large investment in capital equipment is required to be successful in the industry. Most equipment is expensive and used in large operations. Therefore, market entrants may find it difficult to reach their break-even points, especially if they start with a limited portfolio of clients.

Other barriers to entry include certification and licensing costs. Operators may find that they need different certifications to produce different products. Upon entering the industry, operators also need to employ highly skilled labour to operate machinery, meaning that labour costs are high during the initial stage of operations.

The industry is also characterised by economies of scope... 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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