Showing cracks: The end of Australian motor vehicle manufacturing has forced industry exits

The Fibreglass Product Manufacturing industry has suffered numerous setbacks over the past five years. The industry manufactures many products and services several downstream markets. The industry relies on demand from construction industries, boatbuilders and consumers. The industry's downstream markets have posted mixed performances over the past five years. Steady growth in discretionary income and a resurgence in construction activity have driven demand for swimming pool shells. Meanwhile, the decline of the Motor Vehicle Manufacturing industry has reduced demand in other product segments. Boat sales have also declined, with Australian fibreglass boat hull producers suffering as a result. Overall, the industry is expected to contract by an annualised 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

  • The weak Australian dollar has caused the price of imported inputs to rise
  • The fibreglass boat hull product segment has suffered significant declines over the past five years
  • Revenue is anticipated to expand due to stronger growth in key markets over the next five years
  • Industry Report - Industry Locations Chapter

    The geographic distribution of the industry tends to align closely with consumer industries and the level of construction and manufacturing activity in each state or territory. Industry operations are heavily concentrated in New South Wales, Queensland and Victoria. These states are estimated to account for 72.1% of industry establishments. Despite their status as traditional manufacturing states, Victoria and New South Wales' manufacturing facilities are expected to under-represent their share of the population. Industry operators in these states often prefer to be located closer to their customer base, with other manufacturers across the two states being their key downstream sources of demand. Thi...purchase to read more.

    Additional Insights for the Fibreglass Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fibreglass Product Manufacturing Industry 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 Domestic price of plastic and rubber products 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. This includes cutting fibreglass sheets to size for insulation and packaging and making inputs for other manufacturers such as boat and automotive components. The industry also manufactures fibreglass awnings, shower bases, water tanks and swimming pool shells that are often used in construction industries. Fibreglass furniture is not included in the industry.

    Industry Products
  • Fibreglass boatbuilding components
  • Fibreglass swimming pool shells
  • Fibreglass tanks
  • Industry Activities
  • Fibre-reinforced plastic automotive component
  • Fibreglass reinforced plastic tank
  • Rigid fibreglass reinforced plastic sheet
  • Fibreglass reinforced plastic swimming pool shell
  • Fibreglass boat hull and other boat component
  • Fibreglass awning
  • Fibreglass shower base
  • 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
  • Domestic price of plastic and rubber products
  • Real household discretionary income
  • Demand from construction
  • Demand from motor vehicle and motor vehicle part manufacturing

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

  • Industry Outlook
  • Downstream markets
  • 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
  • Motor Vehicle Manufacturing
  • Boatbuilding and Repair Services
  • Construction
  • Agribusiness
  • Hardware Wholesaling

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

  • Products & Services
  • Other
  • Fibreglass swimming pool shells
  • Fibreglass tanks
  • Fibreglass boatbuilding components
  • Chart: Fibreglass Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers
  • Construction companies
  • Boatbuilders
  • Exports
  • Retailers
  • Agribusiness
  • Wholesalers
  • Motor vehicle manufacturers
  • 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
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Fibreglass Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fibreglass 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 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
  • 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
  • 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 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
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    • Inform your decisions for marketing, strategy and planning
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    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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