Non-Ferrous Metal Casting in Australia - Industry Market Research Report

Non-Ferrous Metal Casting in Australia
Revenue for the Non-Ferrous Metal Casting industry has increased over the past five years, driven by reduced import competition and rising input costs, which have been passed on to downstream markets. The industry has benefited from global supply chain disruptions during the COVID-19 pandemic, which have caused major shipping delays. Manufacturers have increasingly favoured local suppliers to boost their supply chains' reliability. Industry revenue is expected to grow at an annualised 4.6% over the five years through 2023-24, to $194.3 million. Rising world metal prices have increased input costs for the industry, reducing profit margins to an estimated 6.0% in the current year.

Industry firms manufacture finished non-ferrous metal products by casting molten non-ferrous metals in moulds. The industry also includes companies that clean and finish non-ferrous castings. The term non-ferrous indicates metals other than iron and alloys that do not contain an appreciable amount of iron. The industry excludes aluminium smelting and casting.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.