Lost its spring: Subdued trends in key building markets have reduced industry revenue

IBISWorld’s Spring and Wire 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 Threats & Opportunities

  • The industry's performance has been contained by the loss of market share to import penetration
  • The current slump in construction activity has driven down demand for wire products
  • Improved demand from the key building markets will be outweighed by the loss of sales to imports

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    Industry Analysis & Industry Trends

    The Spring and Wire Product Manufacturing industry is in the decline phase of its life cycle, and revenue has suffered accordingly over the past decade. Most industry product lines are well established, with limited scope for further market expansion and a growing exposure to low-priced imports.

    Industry revenue is projected to decline by an annualised 1.4% over the five years through 2015-16, to reach $1.2 billion. This performance has been influenced by falling domestic demand due to subdued trends in the key building markets, weaker sales to downstream manufacturing customers and the decline of the local automotive industry. The industry’s performance has also been contained by the loss of market share to import penetration...

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    Industry Report - Industry Locations Chapter

    The bulk of industry manufacturing enterprises are located in the populous eastern seaboard states of New South Wales, Victoria and Queensland. This is close to the concentration of light manufacturing and general building activity and close to key transport hubs for distribution to other markets (notably by rail).

    New South Wales accounts for the largest share of total enterprises (30.5%) and employer enterprises (32.6%), roughly in line with the state's share of Australia's population and GDP. New South Wales includes several of the largest industry enterprises, such as the Arrium wire mills at Newcastle and Jindera, along with the Moly-Cop wire rope operations in Newcastle. Aus..

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    Additional Insights for the Spring and Wire Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Spring and Wire Product Manufacturing Industry are

  • Having a wide and expanding product range
  • Upstream vertical integration (ownership links)
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Demand from construction and Demand from mining in the Spring and Wire Product Manufacturing industry impact industry performance..

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    Industry Products

    What is the Spring and Wire Product Manufacturing Industry?

    The Australian Spring and Wire Product Manufacturing industry consists of operators that manufacture wire or wire products, cable, wire netting, nails or rolled steel fence posts.

    Industry Products
    Wire and fencing products
    Wire rope products
    Other fabricated wire products
    Industry Activities
    Wire products
    Welded link chain and other chain (except forged, cast or sprocket chain)
    Rolled steel fence post
    Nail and skewer
    Safety pin
    Wire screen, netting and mesh (excluding reinforcing mesh)

    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 construction
  • Demand from mining
  • Demand from agriculture
  • Domestic price of iron and steel
  • Demand from furniture manufacturing

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Spring and Wire Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Spring and Wire Product Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Agriculture, Forestry and Fishing
  • Mining
  • Motor Vehicle Manufacturing
  • Wooden Furniture and Upholstered Seat Manufacturing
  • Mattress Manufacturing
  • Construction

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing

  • Products & Services
  • Wire and fencing products
  • Other fabricated wire products
  • Springs
  • Wire rope products
  • Chart: Spring and Wire Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Construction firms
  • Mining firms
  • Manufacturing firms
  • Agriculture firms
  • Other firms
  • Automotive manufacturing and repair firms
  • Chart: Major Market Segmentation for the Spring and Wire Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profitability
  • Purchases
  • Freight
  • Wages
  • Depreciation and rent
  • Other operating costs
  • Chart: Cost Structure Benchmarking – Sector vs Spring and Wire Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Spring and Wire Product Manufacturing Industry

  • Industry Globalization
    Major Companies
    Arrium LimitedBekaert (Australia) Pty Limited
  • Table: Arrium Limited - financial performance
  • Table: Bekaert (Australia) Pty Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Spring and Wire 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 Spring and Wire 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
    Compression Spring
  • A type of coiled spring with space between the successive coils. When force is applied to shorten the spring, the coils are pushed closer together.
  • Leaf Spring
  • A type of spring system commonly used for vehicle suspension (dating back to medieval times). Typically involving multi-layered arcs attached to the axle.
  • Torsion Spring
  • A type of coiled spring designed to resist the applied force. When force is applied, the spring twists the coil into a tighter spiral (e.g. the spring found in a clipboard).
  • Why buy this report?

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    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Spring and Wire 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 Spring and Wire 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 Spring and Wire 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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