Downturn in the Motor Vehicle Manufacturing industry has taken a toll on the Iron and Steel Casting industry over the past five years. The casting industry's revenue is expected to decline at an annualised 2.7% in the five years through 2012-13, to reach $2.2 billion. Revenue contracted by 0.8% in 2012-13 from the previous year. Rising petrol prices and increasing environmental awareness have contributed to a shift in consumer behaviour and vehicle preferences. Nevertheless, the mining boom in Australia has cushioned the casting industry's fall by continually fuelling demand for various machinery and equipment.
Operators in this industry produce iron and steel products through a process called casting, which involves pouring molten ferrous metals into moulds.
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.
