On a knife-edge: Import penetration is causing industry revenue to decline

IBISWorld’s Fabricated Metal Product Manufacturing 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.


Industry Analysis & Industry Trends

Steady growth in import penetration has severely constrained the Fabricated Metal Product Manufacturing industry's performance over the past five years. Local manufacturers have found it increasingly difficult to compete on price with imports from foreign companies that operate with lower wage and overhead costs and have greater economies of scale. Domestic demand for fabricated metal products is projected to increase by an annualised 1.5% over the five years through 2016-17. However, import penetration has steadily climbed, with imports capturing an estimated 61.2% of domestic demand in 2016-17, up from 51.2% in 2011-12...

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Industry Report - Starting a New Business Chapter

Medium barriers to entry characterise the industry and this trend has remained stable over the past five years. Entry barriers generally vary based on specific product segments. Barriers are highest for the more complex products, such as safes and firearms, where substantial amounts of research, expertise and solid reputation are required. Entry barriers tend to be lower low for more standardised goods.

In many markets, strong brands benefit from high degrees of recognition and can often gain competitive advantages in their respective markets. Potential entrants may therefore struggle to compete with these existing manufacturers and brands that benefit from strong brand loyalty. Bra..

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Industry Products

What is the Fabricated Metal Product Manufacturing Industry?

Industry companies primarily manufacture metal hand tools, general hardware and other fabricated metal products. Industry products include door handles, bathroom fittings, cutlery, razors, knives, firearms, ammunition, locks and safes.

Industry Products
Non-ferrous pipe fittings
Household products
Construction products
Ammunition, firearms and other ordnance
Security products
Hand tools and general hardware
Industry Activities
Ammunition, firearm and ordnance
Fitting, valve and valve part
Drill, hand tool and garden tool (except pneumatic or power operated)
Pipe and tube fitting
Safe, key and locking hardware
Aluminium mast and tackle block
Metal turnstile and tubing
Knife, cutlery, razor and scissor
Non-ferrous metal pipe fitting

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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