Iron and Steel Forging in Australia - Market Research Report

Iron and Steel Forging industry trends (2014-2019)

poll Average industry growth 2014–2019: 0.4%

The Iron and Steel Forging industry has struggled with difficult demand conditions over the past five years. Deteriorating demand conditions across many of the industry's key downstream markets have contributed to a significant decline in the industry's performance. Industry revenue is expected to decline at an annualised 5.1% over the five years through 2018-19, to $499.6 million. This includes an anticipated 5.7% fall in the current year. The industry's performance has been negatively affected by the end of domestic passenger vehicle manufacturing over the past five years. Prior to the exit of the major local vehicle manufacturers, forged industry products were important inputs into the manufacturing process, and this market represented a valuable...
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Iron and Steel Forging industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Iron and Steel Forging industry's performance is expected to strengthen on the back of improved demand trends in the construction, mining and railway equipment manufacturing markets over the next five years. However, industry operators will likely continue to face challenging conditions in several downstream manufacturing markets. Industry revenue is projected to climb at an annualised X.X% over the five years through XXX-XX, to $XX.X million. Downstream markets Industry revenue is expected to grow over the next five years on the back of strengthening demand conditions across a range of downstream markets. Demand from the Mining Division is forecast to improve over the five years through XXX-XX, supported by the expected in actual capital expen...
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Iron and Steel Forging industry statistics

  • business Number of Businesses: 138
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 1,397

Biggest companies in the Iron and Steel Forging industry

The companies holding the largest market share in the Iron and Steel Forging in Australia industry include Grinding Media Pty Ltd.

  • pie_chart Grinding Media Pty Ltd Market Share: x.x%
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What is Iron and Steel Forging industry?

Industry Definition

Industry operators are primarily engaged in forging iron and steel products. Forging involves shaping iron and steel into different forms. The forging process alters the physical properties of the metals, resulting in improved strength and durability.

Industry Products and Services

  • Grinding media
  • Railway parts
  • Forged fasteners
  • Rigging equipment
  • Automotive parts
  • Other products

Industry Activities

  • Steel chain forging
  • Iron or steel fitting manufacturing
  • Horseshoe manufacturing
  • Iron tube fittings and pipe fittings manufacturing
  • Iron or steel valve manufacturing
  • Other forged iron or steel products manufacturing

Market research report - table of contents

Industry Definition

Industry operators are primarily engaged in forging iron and steel products. Forging involves shaping iron and steel into different forms. The forging process alters the physical properties of the metals, resulting in improved strength and durability.

Main Activities

  • Steel chain forging
  • Iron or steel fitting manufacturing
  • Horseshoe manufacturing
  • Iron tube fittings and pipe fittings manufacturing
  • Iron or steel valve manufacturing
  • Other forged iron or steel products manufacturing

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The Construction division represents one of the largest downstream markets for forged steel products like heavy-duty fasteners and rigging. A rise in cons...
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Demand from construction
Demand from mining
Demand from motor vehicle manufacturing
Demand from railway equipment manufacturing and repair

Current Performance

Industry structure
Downstream markets
Profit and participation
 Chart: Revenue Growth

Industry Outlook

Profitability and other trends
Technological change
 Table: Iron and Steel Forging in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Iron and Steel Forging in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Horse Farming in Australia
Mining
Motor Vehicle Manufacturing in Australia
Shipbuilding and Repair Services in Australia
Railway Equipment Manufacturing and Repair in Australia


Key Selling Industries

Iron Smelting and Steel Manufacturing in Australia
Power Automation Products and Other Electrical Equipment Manufacturing in Australia
Machine Tool and Parts Manufacturing in Australia
Industrial Machinery Manufacturing in Australia



Products & Services

Forging represents the application of thermal and mechanical energy to steel billets or ingots to cause the material to change shape while in a solid stat...
Construction firms
Transport firms
Other customers
Manufacturing firms


Demand Determinants

The industry's demand determinants vary between product segments as a result of their diverse nature. Activity in downstream markets is the principally de...
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Major Markets

Construction firms
Transport firms
Other customers
Manufacturing firms



 Chart: Major Market Segmentation for the Iron and Steel Forging in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Iron and Steel Forging industry exhibits a high level of market share concentration. The industry's four largest operators are expected to account for...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Iron and Steel Forging in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Iron and Steel Forging in Australia - Market Research Report Industry

Industry Globalization

Grinding Media Pty Ltd was formed out of the acquisition of Arrium Limited's divested assets Comsteel Grinding Media and Moly-Cop in 2016 for $1.6 billion...
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Grinding Media

 Table: Grinding Media - financial performance

Capital Intensity

The Iron and Steel Forging industry displays a low level of capital intensity, which has increased over the past five years. For every dollar an industry ...
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 Chart: Level of Capital Intensity for the Iron and Steel Forging in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Iron and Steel Forging in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

DIE

FLASH

GRINDING MEDIA

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Iron and Steel Forging industry?

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This report on Iron and Steel Forging in Australia:

  • 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 Iron and Steel Forging in Australia 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

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