Overview

Brittle: The industry continues its slow decline due to weak demand conditions

IBISWorld’s Iron and Steel Casting 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.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth
2012 - 2017
-6.7%
Annual Growth
2017 - 2022
Profit
Employment
4,014
Business
185

Industry Threats & Opportunities

  • Exposure to international trade is limited due to the low value-to-weight ratio of industry goods
  • International trade patterns have had little effect on the industry's performance
  • Demand from the Construction division is expected to rise over the next five years

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    Industry Analysis & Industry Trends

    The Iron and Steel Casting industry produces intermediate iron and steel products, such as locomotive components, naval components and mining support arms, which are consumed by a variety of users ranging from mining firms to construction companies. The industry's performance is heavily influenced by developments in key downstream markets, particularly the Mining, Construction and Manufacturing divisions. A downturn in key downstream industries in the Manufacturing division has taken its toll on the Iron and Steel Casting industry over the past five years. Furthermore, volatility in the domestic price of iron and steel over the period is expected to have added to the industry's decline...

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    Industry Report - Industry Locations Chapter

    The distribution of businesses across the country closely follows the distribution of the population and business activity. New South Wales, Victoria and Queensland are expected to account for 75.9% of industry enterprises in the current year. Conversely, the Australian Capital Territory has no operators, while the Northern Territory, Tasmania, South Australia and Western Australia are expected to account for 24.1% of industry enterprises in the current year. The Construction division is a major industry market, and construction firms tend to be concentrated close to population centres. Industry operators can reduce transport costs by having their operations close to these construction firms.

    Differences in the make-up of state economies also affect the distribution of businesses. Vic..

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    Additional Insights for the Iron and Steel Casting Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Iron and Steel Casting Industry are

  • Ability to pass on cost increases
  • Having a diverse range of clients
  • Effective cost controls
  • IBISWorld analysts also discuss how external factors such as Demand from manufacturing and Demand from construction in the Iron and Steel Casting industry impact industry performance..

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    Industry Products

    What is the Iron and Steel Casting Industry?

    Industry firms are primarily engaged in producing iron and steel products through a process called casting, which involves pouring molten ferrous metals into moulds. Industry products are then consumed as intermediate inputs by a range of user industries.

    Industry Products
    Sand casting
    Shell-mould casting
    Investment casting
    Other casting methods
    Industry Activities
    Cast iron product
    Cast steel product
    Moulded iron pipe and tube
    Pipe fitting
    Valve
    Other ferrous metal castings

    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 manufacturing
  • Demand from construction
  • Domestic price of iron and steel
  • Trade-weighted index
  • Actual capital expenditure on mining

  • Current Performance
  • Downstream activity
  • Profit to loss
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream activity
  • Industry profitability
  • Table: Iron and Steel Casting Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Iron and Steel Casting Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Motor Vehicle Parts and Accessories Manufacturing
  • Railway Equipment Manufacturing and Repair
  • Mining and Construction Machinery Manufacturing
  • Sewerage and Drainage Services

  • Key Selling Industries
  • Electricity Distribution
  • Industrial Machinery Manufacturing
  • Iron Smelting and Steel Manufacturing
  • Machine Tool and Parts Manufacturing

  • Products & Services
  • Sand casting
  • Other casting methods
  • Shell-mould casting
  • Investment casting
  • Chart: Iron and Steel Casting Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Other manufacturers and other markets
  • Mining firms
  • Construction firms
  • Automotive and transport manufacturers
  • Chart: Major Market Segmentation for the Iron and Steel Casting Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Iron and Steel Casting

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Iron and Steel Casting Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Iron and Steel Casting 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 Iron and Steel Casting Industry
    Includes:
  • 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
    Centrifugal Machine
  • A machine that operates by rotating at high speed to disperse materials (in this industry, molten metals) away from the centre of rotation.
  • Ferrous
  • Objects (usually metals or alloys) that contain iron.
  • Investment
  • In the context of metal casting, an investment mould is a ceramic mould used to produce intricate cast products.
  • Why buy this report?

    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 Iron and Steel Casting:
    • 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 Casting 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 Iron and Steel Casting, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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