Industry Analysis & Industry Trends
Over the five years through 2012-13, the Structural Metal Product Manufacturing industry has suffered as a result of the global financial crisis. The fortunes of the industry are inextricably linked to the level of construction activity within the residential, industrial and commercial sectors, all of which experienced robust growth prior to the collapse of the housing market in 2007. A combination of the credit crunch and the global financial crisis effectively crippled the industry by late 2008 as demand dropped. Prices of inputs such as steel also experienced dramatic volatility over this period, as rising prices led to gross oversupply.
The industry produces a wide variety of goods for a range of markets... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in a mature stage of the economic life cycle, as suggested by numerous factors. Firstly, the industry is under-performing the wider economy, as signalled by a falling contribution towards GDP. In the ten years to 2017-18, industry value added is projected to grow by just 0.6% per annum, flat compared with overall economic growth of 2.4% per annum forecast for the same period.
Secondly, the Structural Metal Product Manufacturing industry is heavily dependent on growth trends within the Australian construction sector. The Housing, Institutional, Heavy Industrial, and Commercial and Industrial Construction industries are all in mature life cycle phases... purchase to read more