The Spring and Wire Product Manufacturing industry is in a decline phase of its life cycle, and industry revenue has suffered accordingly. Most industry product lines are well-established, and competition is based on price. Industry revenue is forecast to have contracted by 2.7 % per annum in the five years through 2011-12. Revenue is expected to reach $1.21 billion after a 5.6% decline during 2011-12. This decline is mainly attributable to the poor performance of the automotive industry, a key downstream market, and increased competition from imported products.
The Australian Spring and Wire Manufacturing industry consists of operators which manufacture wire or wire products, cable, wire netting, nails or rolled steel fence posts.
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.