$5.5bn
$XXX.Xm
19,882
4,359
$X.Xbn
Intense competition from low-priced imports and non-metal substitute products constrains the Fabricated Metal Product Manufacturing industry's long-term performance. Many local manufacturers have responded by focusing on manufacturing bespoke products or specialist low-volume products that are less susceptible to external competition. This shift has stabilised the industry's performance, with favourable trends across a range of markets, including households, industrial machinery manufacturing, mining and police services, offsetting falling demand for fabricated metal products in downstream building markets.
Industry revenue has grown at a CAGR of 1.7 % over the past five years, to reach an estimated $5.5bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 |
---|---|---|
ASSA ABLOY Australia Pacific | 348.0 | |
Thales Australia | 166.1 | |
Flowserve Australia | N/A |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Construction and general hardware products, Bespoke products and repairs and Household and other products. Construction and general hardware products is the largest segment of the Fabricated Metal Product Manufacturing in Australia.
Government stimulus spending has been supporting construction product sales
Industry manufacturers mainly produce metal hand tools, general hardware and other fabricated metal products. Products include door handles, bathroom fittings, cutlery, razors, knives, firearms, ammunition, locks and safes.
Purchase this report to view all 4 major companies in this industry.
ANZSIC 2299 - Fabricated Metal Product Manufacturing in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for fabricated metal products has dropped. The residential and non-residential building construction markets have been performing poorly, cutting into demand.
Learn about an industry's products and services, markets and trends in international trade.
Sales of household goods are struggling. Plastic and ceramic substitutes for products like bathroom fittings are becoming more popular, cutting into revenue from household go...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
States with the largest populations have the most fabricated metal product manufacturers. These populous states include Victoria, New South Wales and Queensland.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Imports and substitutes pose as competition. Imported products and alternatives made from different materials can be more cost-effective than domestically manufactured goods.
Learn about the performance of the top companies in the industry.
ASSA ABLOY is expanding its offerings. For example, the company has been expanding by acquiring other firms, like AM Group Pty Ltd.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Customs regulations apply to firearms and weapons manufacturers within the industry. Fabricated metal product manufacturers also need to comply with environmental laws.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Government stimulus funding has been continuing. This has prevented lower building construction activity from dampening fabricated metal product manufacturers' profit margins...
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Fabricated Metal Product Manufacturing industry in Australia is $5.5bn in 2024.
There are 4,359 businesses in the Fabricated Metal Product Manufacturing industry in Australia, which has grown at a CAGR of 2.7 % between 2018 and 2023.
The market size of the Fabricated Metal Product Manufacturing industry in Australia has been growing at a CAGR of 1.7 % between 2018 and 2023.
Over the next five years, the Fabricated Metal Product Manufacturing industry in Australia is expected to grow.
The biggest companies operating in the Fabricated Metal Product Manufacturing market in Australia are ASSA ABLOY Australia Pacific, Thales Australia and Flowserve Australia
Ammunition, firearm and ordnance manufacturing and Fitting, valve and valve part manufacturing are part of the Fabricated Metal Product Manufacturing industry.
The company holding the most market share in Australia is ASSA ABLOY Australia Pacific.
The level of competition is high and increasing in the Fabricated Metal Product Manufacturing industry in Australia.