Out to sea: Falling demand from boatbuilders is anticipated to cause revenue declines

Operating conditions for the Fibreglass Product Manufacturing industry have been challenging over the past five years. The industry manufactures many products and services for several downstream markets. Industry firms primarily rely on demand from swimming pool manufacturers, boatbuilders, truck manufacturers and train manufacturers. Demand from the industry's downstream markets has been varied over the period. Growth in discretionary income has driven demand for swimming pool shells. However, declines in the Boatbuilding and Repair Service industry have reduced demand in other product segments. Train sales have also declined, negatively affecting Australian fibreglass train component manufacturers. Overall, industry revenue is expected to increase at an annualised 0.1%...read more.

Industry Statistics & Market Size
Revenue
$739m
Annual Growth 14-19
0.1%
Forecast Growth 19-24
Profit
Employment
2,671
Businesses
343

Industry Threats & Opportunities

  • The industry relies on demand from swimming pool, truck and manufacturers and boatbuilders
  • Falling demand for rail locomotives and wagons has lowered demand for fibreglass train components
  • Demand from boatbuilders will fall over the next five years, causing revenue to decline
  • Industry Report - Industry Products Chapter

    Fibreglass is a composite material that consists of a polymer, which is reinforced with a glass fibre that generally contains silica. Fibreglass is light in weight, but more durable than unreinforced plastics. Although fibreglass is not as strong as a carbon or aramid-reinforced plastic, the inputs for fibreglass are cheaper and more readily available. This factor has made fibreglass a popular material for products such as boat hulls, swimming pools, caravan components and tanks.Fibreglass caravan components, swimming pool shells and boatbuilding componentsFibreglass caravan components, swimming pool shells and boatbuilding components make up the industry's largest individual product segment. Con...purchase to read more.

    Additional Insights for the Fibreglass Product Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Fibreglass Product Manufacturing are:

  • Having a good reputation
  • Effective quality control
  • Provision of superior after sales service
  • IBISWorld analysts also discuss how external factors such as Demand from boatbuilding and repair services and Real household discretionary income in the Fibreglass Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Fibreglass Product Manufacturing Industry?

    Industry operators manufacture products from fibreglass. Industry firms cut fibreglass sheets to size for insulation and packaging, and make inputs for other manufacturers such as boat, truck, trailer, train and bus components. The industry also manufactures fibreglass caravans, bridges, water tanks and swimming pool shells. Fibreglass furniture is not included in the industry.

    Industry Products
  • Fibreglass caravan components, swimming pool shells and boatbuilding
  • Fibreglass truck, trailer, train and bus components
  • Fibreglass bridge components
  • Fibreglass tanks and other products
  • Fibreglass building facade components
  • Industry Activities
  • Fibreglass caravan
  • Fibreglass-reinforced plastic swimming pool shell
  • Fibreglass boat hull and other boat component
  • Fibre-reinforced plastic truck, trailer, train and bus component
  • Fibreglass bridge component
  • Fibreglass-reinforced plastic tank
  • Fibreglass building façade
  • 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 boatbuilding and repair services
  • Real household discretionary income
  • Domestic price of plastic and rubber products
  • Demand from road and bridge construction

  • Current Performance
  • Downstream markets
  • Industry participation
  • International trade
  • Profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets
  • Industry participation
  • International trade
  • Profitability
  • Table: Fibreglass Product Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Mining
  • Boatbuilding and Repair Services

  • Key Selling Industries
  • Glass and Glass Product Manufacturing
  • Industrial and Agricultural Chemical Product Wholesaling
  • Synthetic Resin and Synthetic Rubber Manufacturing

  • Products & Services
  • Fibreglass caravan components, swimming pool shells and boatbuilding
  • Fibreglass truck, trailer, train and bus components
  • Fibreglass bridge components
  • Fibreglass tanks and other products
  • Fibreglass building facade components
  • Chart: Fibreglass Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Recreational and marine product manufacturers
  • Truck, trailer, train and bus manufacturers
  • Bridge construction companies
  • Mining, oil and gas companies
  • Architectural companies
  • Chart: Major Market Segmentation for the Fibreglass 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 Fibreglass Product Manufacturing

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

  • Industry Globalization
    Narellan Pools Pty Ltd, Aquatic Leisure Technologies Pty Ltd,
  • Table: Narellan Pools Pty Ltd - financial performance
  • Table: Aquatic Leisure Technologies Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fibreglass 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 Fibreglass Product Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Aramid
  • A heat resistant and strong synthetic fibre normally used in aerospace and military applications.
  • Composite Material
  • A medium composed of dissimilar materials. The resulting compound displays performance characteristics that exceed those of the input materials in isolation.
  • Fibreglass
  • Glass-reinforced polyester (also known as GRP).
  • Polymer
  • A substance made of many similar components linked together like a chain. The most common form of polymer is plastic.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fibreglass Product Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 Fibreglass 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 Fibreglass 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 Fibreglass 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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