The Spring and Wire Product Manufacturing industry is in the decline phase of its life cycle, and revenue has suffered accordingly over the past decade. 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 1.0% over the five years through 2015-16, to reach $1.2 billion. This performance has been influenced by several factors, including poor demand from the downstream automotive industry, subdued investment in non-residential building construction, and increased competition from low-cost imported products.
The Australian Spring and Wire Product Manufacturing industry consists of operators that 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.