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Iron and Steel Forging in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Iron and Steel Forging Market Research Report | ANZSIC C2210 | Dec 2016

Steel in it: Industry set to rebound over next five years due to stronger downstream demand

The Iron and Steel Forging market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Revenue
$570m
Annual Growth 12-17
-7.7%
Annual Growth 17-22
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Profit
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Employment
1,340
Businesses
130
Industry Analysis & Industry Trends

The Iron and Steel Forging industry processes iron and steel by applying thermal and mechanical pressure to them until they reach the desired shape. Forging generally produces stronger steel components than metal casting, and the finished product is suitable for high-stress applications. Traditionally, forged products have been important inputs into motor vehicle manufacturing and the production of other machinery. However, these markets are steadily drying up as local manufacturers lose their competitive edge against imports.

The industry forges iron and steel products for a variety of downstream markets... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Iron and Steel Forging industry is in the decline stage of its life cycle. The industry is exposed to competition from the importation of steel and allow access to markets for products incorporated in finished 'end-use' products, such as railway and automotive machinery, defence equipment and modular construction components. The industry lacks in size to compete with international steel manufacturers, many of which are vertically integrated and have economies of scale when it comes to forging steel. Manufacturers of grinding media and sophisticated bespoke products are likely to be less exposed to foreign competition and are expected to sustain growth over the long term... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Iron and Steel Forging Industry?

Industry operators are primarily engaged in forging iron and steel products. Forging involves shaping iron and steel into different forms. The forging process alters the physical properties of the metals, resulting in improved strength and durability.

Industry Products
Grinding mediaRailway partsForged fastenersRigging equipmentAutomotive parts and other
 
Industry Activities
Steel chain forgingIron or steel fittingHorseshoeIron tube fittings and pipe fittingsIron or steel valveOther forged iron or steel products


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