The five years through 2012-13 were problematic for domestic manufacturers operating in the Fabricated Metal Product Manufacturing industry. The downturn in the global economy negatively affected the Australian market's appetite for industry products, so much so that domestic demand for the period decreased by 1.4% in the year. In addition, expanding import penetration, particularly from China and other Asia-Pacific markets, exacerbated the effect of softening domestic demand. With these two factors combined, industry revenue contracted by an annualised 1.6% to a value of $4.53 billion over the five years through 2012-13.
Firms in this industry manufacture boilers and fabricated metal products. Plating involves the application of a thin metal layer on a surface to enhance quality, prevent leakage, and protect against corrosion. This industry manufactures a large class of products including boilers, water meters, door handles, bathroom fittings, locks, firearms and ammunition, safes and various other fabricated metal products.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.