Product Code: ETC039376 | Publication Date: Jan 2021 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia Metal Forging market currently, in 2023, has witnessed an HHI of 8893, Which has increased slightly as compared to the HHI of 4940 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Australia metal forging market offers forging services for shaping metal components through the application of compressive forces and heat. Metal forging processes include hot forging and cold forging, producing parts with improved strength, toughness, and dimensional accuracy for aerospace, automotive, and industrial applications.
The metal forging market in Australia is influenced by factors such as industrial demand, technological advancements, and material innovation. Forging processes involve shaping metal by applying compressive forces, producing components with superior strength, durability, and integrity compared to cast or machined parts. Market drivers include the demand from sectors like automotive, aerospace, oil & gas, and manufacturing, where forged components are essential for critical applications. Additionally, advancements in forging techniques, such as hot forging, cold forging, and precision forging, enhance production efficiency and product quality, further stimulating market growth. Moreover, the growing trend towards lightweight materials and the adoption of sustainable forging practices contribute to market expansion.
Challenges in the metal forging market include material selection, production scalability, and market demand variability. Forging companies must ensure the availability of high-quality metal alloys while managing production processes to meet customer specifications and delivery deadlines. Additionally, addressing concerns about forging efficiency, energy consumption, and environmental impact poses ongoing challenges in the market.
In Australia, the government plays a role in regulating the metal forging market to ensure product quality, safety, and compliance with industry standards. Policies involve oversight by regulatory bodies such as the Australia Competition and Consumer Commission (ACCC) and Standards Australia. Government initiatives may include supporting research and development in forging techniques, providing industry guidance on regulatory compliance, and promoting innovation in forged products.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Metal Forging Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Metal Forging Market Revenues & Volume, 2019 & 2026F |
3.3 Australia Metal Forging Market - Industry Life Cycle |
3.4 Australia Metal Forging Market - Porter's Five Forces |
3.5 Australia Metal Forging Market Revenues & Volume Share, By Raw Material, 2019 & 2026F |
3.6 Australia Metal Forging Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Australia Metal Forging Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Metal Forging Market Trends |
6 Australia Metal Forging Market, By Types |
6.1 Australia Metal Forging Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 Australia Metal Forging Market Revenues & Volume, By Raw Material, 2016 - 2026F |
6.1.3 Australia Metal Forging Market Revenues & Volume, By Carbon Steel, 2016 - 2026F |
6.1.4 Australia Metal Forging Market Revenues & Volume, By Alloy steel, 2016 - 2026F |
6.1.5 Australia Metal Forging Market Revenues & Volume, By Aluminum, 2016 - 2026F |
6.1.6 Australia Metal Forging Market Revenues & Volume, By Magnesium, 2016 - 2026F |
6.1.7 Australia Metal Forging Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.1.8 Australia Metal Forging Market Revenues & Volume, By Titanium, 2016 - 2026F |
6.2 Australia Metal Forging Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Australia Metal Forging Market Revenues & Volume, By Automotive, 2016 - 2026F |
6.2.3 Australia Metal Forging Market Revenues & Volume, By Aerospace, 2016 - 2026F |
6.2.4 Australia Metal Forging Market Revenues & Volume, By Oil & Gas, 2016 - 2026F |
6.2.5 Australia Metal Forging Market Revenues & Volume, By Construction, 2016 - 2026F |
6.2.6 Australia Metal Forging Market Revenues & Volume, By Agriculture, 2016 - 2026F |
6.2.7 Australia Metal Forging Market Revenues & Volume, By Others, 2016 - 2026F |
7 Australia Metal Forging Market Import-Export Trade Statistics |
7.1 Australia Metal Forging Market Export to Major Countries |
7.2 Australia Metal Forging Market Imports from Major Countries |
8 Australia Metal Forging Market Key Performance Indicators |
9 Australia Metal Forging Market - Opportunity Assessment |
9.1 Australia Metal Forging Market Opportunity Assessment, By Raw Material, 2019 & 2026F |
9.2 Australia Metal Forging Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Australia Metal Forging Market - Competitive Landscape |
10.1 Australia Metal Forging Market Revenue Share, By Companies, 2019 |
10.2 Australia Metal Forging Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |