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Iron and Steel Forging in Australia - Industry Market Research Report

Publisher IBISWorld
Published May 07, 2025
Length 38 Pages
SKU # IBSS20063967

Description

Iron and Steel Forging in Australia

The Iron and Steel Forging industry generates revenue from selling products to the downstream construction, mining, automotive manufacturing, transport infrastructure and railway equipment manufacturing markets. Forging generally produces stronger steel components than metal casting, and the finished product is suitable for high-stress applications. The forging process varies considerably by firm and product type. The principal products that the industry manufactures include grinding media, rail wheels and axles, fasteners, steel hooks, pipes and precision valves. The industry is characterised by a high proportion of small firms that produce customised, low-volume forged products. However, the industry's largest player, Grinding Media Pty Ltd, currently generates over one-third of industry revenue.

Industry operators primarily forge iron and steel products. Forging involves shaping iron and steel into different forms. The forging process alters the metals’ physical properties, improving their strength and durability.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

38 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE


INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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