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

IBISWorld’s Fabricated Metal Product Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Industry Threats & Opportunities

  • The loss of market share to imports and substitute products will push revenue down
  • Larger firms have acquired many small operators to expand their scale and scope
  • Improving investment in commercial, industrial and institutional properties will support demand

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    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 - Industry Key Buyers Chapter

    A low market share concentration characterises the industry. In 2016-17, the industry's four largest players are estimated to account for less than 20% of total revenue. ASSA ABLOY, the largest operator in the industry, only accounts for an estimated 6.5% of total revenue in 2016-17. This highlights the industry's fragmented structure. Many fabricated metal product manufacturers are small-scale private enterprises that produce specialised products and target niche markets. As a result, many firms have little or no overlap with other companies in the industry.

    The high and growing degree of import penetration also indicates the low level of industry concentration. Thi..

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    Additional Insights for the Fabricated Metal Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fabricated Metal Product Manufacturing Industry are

  • Economies of scale
  • Establishment of brand names
  • Ability to alter goods and services produced in favour of market conditions
  • IBISWorld analysts also discuss how external factors such as Demand from building construction and Demand from industrial machinery manufacturing in the Fabricated Metal Product Manufacturing industry impact industry performance..

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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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from building construction
  • Demand from industrial machinery manufacturing
  • Real household discretionary income
  • Domestic price of iron and steel
  • Dwelling commencements
  • Trade-weighted index

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving demand
  • Profitability
  • Competitive pressures
  • Table: Fabricated Metal Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fabricated Metal Product Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Explosives Manufacturing
  • Construction
  • Defence
  • Hardware and Building Supplies Retailing

  • Key Selling Industries
  • Aluminium Rolling, Drawing and Extruding
  • Aluminium Smelting
  • Iron Smelting and Steel Manufacturing
  • Non-Ferrous Metal Casting

  • Products & Services
  • Construction products
  • Other
  • Household products
  • Security products
  • Hand tools and general hardware
  • Ammunition, firearms and other ordnance
  • Non-ferrous pipe fittings
  • Chart: Fabricated Metal Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction companies
  • Manufacturers
  • Wholesalers and general retailers
  • Hardware retailers
  • Governments and military organisations
  • Other
  • Chart: Major Market Segmentation for the Fabricated Metal Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Fabricated Metal Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fabricated Metal Product Manufacturing Industry

  • Industry Globalization
    Major Companies
    ASSA ABLOY Australia Pacific Pty Limited
  • Table: ASSA ABLOY Australia Pacific Pty Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fabricated Metal Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Fabricated Metal Product Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Non-Ferrous Metal
  • A metal that does not contain appreciable amounts of iron.
  • Ordnance
  • Military materials such as weapons, ammunition, combat vehicles and equipment.
  • Tackle Block
  • A pulley system that guides ropes and chains.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Fabricated Metal Product Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fabricated Metal Product Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fabricated Metal Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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