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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 Investment Chapter

The level of capital intensity in this industry is moderate. This means that for every dollar spent on depreciation, approximately $5.09 is spent on labour. The industry consumes highly customised equipment that generally comes with hefty price tags. Useful life of this equipment generally extends beyond 15 years and it therefore depreciates at a relatively slow rate.

Labour costs have been increasing, mainly due to the rise in average wages. Recent labour cuts in the industry also mean that the proportion of less-skilled labour in the industry has fallen, leaving only the more expensive and skilled labour in the industry. On top of that, the use of more advanced technology increases the need for qualified machine operators and engineers... 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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