Industry Analysis & Industry Trends
The principal products manufactured by the industry are used by the building markets and include garage doors, window shutters, metal doors, door and window frames, and curtain walls. The industry also supplies products used in infrastructure projects such as railings and steel grates, and customised door and shutter systems for road-freight vehicles (trucks and vans). International trade is low in the industry, as structural metal components are typically large and expensive to transport over long distances.
Over the five years through 2015-16, industry revenue is projected to increase by an annualised 0.5% to reach $2.4 billion... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Structural Metal Products Manufacturing industry is in the declining stage of its economic life cycle. This reflects the loss of market share to substitute products and the intensely competition within the industry driving down profit margins.
Falling share of economy
The industry's revenue performance is closely tied to the trends in the downstream building and infrastructure markets and over the long term revenue is projected to expand at a slower pace than the general economy. However, the industry's contribution to the general economy, as measured by industry value added (IVA), is forecast to decline at an annualised 0.3% over the 10 years through 2020-21. While Australia's GDP is projected to grow by an annualised 2.6% over the same period... purchase to read more