Sheet Metal Product Manufacturing in Australia - Industry Market Research Report

Sheet Metal Product Manufacturing in Australia - Industry Market Research Report
Sheet Metal Product Manufacturing in Australia

The Sheet Metal Product Manufacturing industry produces a range of sheet metal products for many downstream customers. Manufacturers have been facing varied demand conditions; growth in demand from mining markets has been supporting the industry, as well as greater non-residential building construction activity. Meanwhile, demand from the Manufacturing division has taken a hit, strongly limiting demand for some sheet metal products. Imports have also been climbing to meet a greater share of domestic demand, as an appreciating Australian dollar has made these low-cost alternatives more appealing than domestically made products. Overall, revenue is expected to fall at an annualised 1.3% to $2.0 billion over the five years through 2023-24. This trend includes a rise of 0.3% in the current year, as climbing demand from beverage manufacturing has fuelled revenue recovery.

Industry firms primarily manufacture sheet metal products like pressed or spun holloware, air ducts and bottle closures. Manufacturers that mainly produce metal containers and other structural metal products are excluded from the industry.

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.