Spring and Wire Product Manufacturing in Australia Industry Market Research Report Now Updated by IBISWorld
Melbourne, Australia (PRWEB) July 14, 2013 -- The Spring and Wire Product Manufacturing industry is in a declining phase of its life cycle, and revenue has suffered accordingly through the past decade. IBISWorld industry analyst Anthony Kelly states "most industry product lines are well established with little scope for further market expansion, and much of the competition is based on price." Industry revenue is projected to decline by an annualised 3.0% over the five years through 2013-14 to $1.3 billion. This poor performance is due to several factors: adverse demand conditions from the downstream automotive industry, subdued investment into new commercial and industrial buildings, and increased competition from low-cost imported products.
Sales have been partly buoyed by the exceptional demand for wire rope products in the mining development market over the past decade. According to Kelly "the modest increase in sales of 2.0% over 2013-14 is associated with improved investment into multi-storey apartments and commercial buildings (boosting demand for high-tension wire) and stronger trends in the downstream manufacturing markets (notably local furniture production)."
The Spring and Wire Product Manufacturing industry has a high level of ownership concentration. Industry concentration measures the extent to which major players dominate an industry. The market share concentration of the industry has been increasing as participating firms have closed and major players continue to pursue acquisitions and dominate the market. Arrium has significant power in the domestic market as a result from its vertically integrated operations, in which it sources its own raw materials. However, there are no other large or medium players within the industry. The industry is characterised by a number of small participants. For more information, visit IBISWorld’s Spring and Wire Product Manufacturing report in Australia industry page.
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IBISWorld industry Report Key Topics
The Australian Spring and Wire Manufacturing industry consists of operators that manufacture wire or wire products, cable, wire netting, nails or rolled steel fence posts.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
International Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalisation
Major Companies
Operating Conditions
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognised as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every Australian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
Gavin Smith, IBISWorld, 310-490-5973, [email protected]
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