Flattened: Industry revenue declines as imports increase as a share of domestic demand

The Sheet Metal Product Manufacturing industry produces a range of sheet metal products for numerous downstream customers. Industry firms manufacture products such as ventilation ducts and benchtops, closures for wine and beer bottles, hoppers to store grain and minerals, and kitchen sinks. Manufacturers are typically small in scale and target narrow regional or product markets. Strong and increasing competition has characterised the industry over the past five years, forcing many smaller enterprises to exit.The industry has performed poorly over the past five years as manufacturers have struggled to compete against low-cost imports. GWA Group Limited, formerly the industry's largest player, exited the industry in 2014-15 after opting to source sheet metal products from overseas...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry operators have faced subdued demand conditions across several building markets
  • Revenue has fallen due to import competition and subdued trends in downstream building markets
  • Competition from product substitution and imports will continue over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The Sheet Metal Product Manufacturing industry exhibits a low level of market share concentration. The industry’s four largest players account for less than 10% of total revenue in 2017-18 and the industry is characterised by its many small enterprises manufacturing a diversified range of sheet metal products. Industry consolidation has occurred over the past five years, partly due to a fall in domestic demand. Larger firms have sought to increase their size and achieve greater economies of scale through acquisitions.The industry is highly fragmented. Based on ABS data, only 6.8% of firms currently employ more than 20 people while about 40.7% of businesses are non-employing, comprising sole proprietors and partners. The...purchase to read more.

    Additional Insights for the Sheet Metal Product Manufacturing Industry

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

  • Economies of scale
  • Access to automated technology
  • Availability of inputs to production
  • IBISWorld analysts also discuss how external factors such as Demand from non-residential building construction and Demand from air conditioning and heating services in the Sheet Metal Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Sheet Metal Product Manufacturing Industry?

    Industry firms primarily manufacture sheet metal products such as pressed or spun holloware, air ducts and bottle closures. Firms that mainly manufacture metal containers and other structural metal products are excluded from the industry.

    Industry Products
  • Commercial and industrial building products
  • Sheet metal closures
  • Sheet metal bathroom fittings
  • Hoppers
  • Other products
  • Industry Activities
  • Metal bottle closure and crown seal
  • Sheet metal chute
  • Coppersmithing
  • Sheet metal bathroom fitting
  • Air conditioning ductwork
  • Sheet metal duct, funnel and machine guard
  • Metal eyelet
  • Pressed or spun metal holloware
  • Motor vehicle number plate
  • Sheet metal stovepipe and ventilator
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from non-residential building construction
  • Demand from air conditioning and heating services
  • Demand from beverage manufacturing
  • Demand from manufacturing
  • Domestic price of iron and steel

  • Current Performance
  • Key demand drivers
  • Profitability tightens
  • Competition
  • Steel prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand drivers
  • Profit and jobs growth
  • Import competition
  • Table: Sheet Metal Product Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry and Fishing
  • Beer Manufacturing
  • Wine Production
  • Plumbing Services
  • Air Conditioning and Heating Services
  • Commercial and Industrial Building Construction

  • Key Selling Industries
  • Aluminium Rolling, Drawing and Extruding
  • Iron Smelting and Steel Manufacturing

  • Products & Services
  • Commercial and industrial building products
  • Sheet metal closures
  • Sheet metal bathroom fittings
  • Other products
  • Hoppers
  • Chart: Sheet Metal Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Plumbers and air conditioning contractors
  • Other manufacturers
  • Wholesalers and retailers
  • Food and beverage manufacturers
  • Construction contractors
  • Other markets
  • Chart: Major Market Segmentation for the Sheet Metal Product Manufacturing Industry

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

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sheet Metal Product Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Sheet 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
    Table: Industry Data for the Sheet Metal Product Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Computer-aided design computer-aided manufacture, the use of computers to design and to manage the manufacture of products.
  • Eyelet
  • A metal ring that is used to reinforce a small hole or perforation in shoes, tarps and sails.
  • Holloware
  • Items of pressed or spun metal such as bowls, coffee pots, teapots and platters.
  • Sanitary Ware
  • Plumbing fixtures such as sinks, bathtubs and associated products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Sheet 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.

    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 Sheet 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 Sheet 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 Sheet 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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