Australia Metal Forging Market (2020-2026) | Share, Outlook, Forecast, Trends, Companies, Value, Growth, Analysis, Size, Industry, COVID-19 IMPACT & Revenue

Market Forecast By Raw Material (Carbon Steel, Alloy steel, Aluminum, Magnesium, Stainless Steel, Titanium, Others), By Applications (Automotive, Aerospace, Oil & Gas, Construction, Agriculture, Others) And Competitive Landscape
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 Competition 2023

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 Competition 2023

Australia Export Potential Assessment For Metal Forging Market (Values in USD Thousand)


Australia Export Potential Assessment For Metal Forging Market (Values in USD Thousand)

Australia Metal Forging Market Overview

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.

Drivers of the market

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 of the market

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.

Government Policy of 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.

Key Highlights of the Report:

  • Australia Metal Forging Market Outlook
  • Market Size of Australia Metal Forging Market, 2019
  • Forecast of Australia Metal Forging Market, 2026
  • Historical Data and Forecast of Australia Metal Forging Revenues & Volume for the Period 2016 - 2026
  • Australia Metal Forging Market Trend Evolution
  • Australia Metal Forging Market Drivers and Challenges
  • Australia Metal Forging Price Trends
  • Australia Metal Forging Porter's Five Forces
  • Australia Metal Forging Industry Life Cycle
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Raw Material for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Carbon Steel for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Alloy steel for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Aluminum for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Magnesium for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Stainless Steel for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Titanium for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Others for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Applications for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Automotive for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Aerospace for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Oil & Gas for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Construction for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Agriculture for the Period 2016 - 2026
  • Historical Data and Forecast of Australia Metal Forging Market Revenues & Volume By Others for the Period 2016 - 2026
  • Australia Metal Forging Import Export Trade Statistics
  • Market Opportunity Assessment By Raw Material
  • Market Opportunity Assessment By Applications
  • Australia Metal Forging Top Companies Market Share
  • Australia Metal Forging Competitive Benchmarking By Technical and Operational Parameters
  • Australia Metal Forging Company Profiles
  • Australia Metal Forging Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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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

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