Fibreglass Product Manufacturing in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: September 2023
ANZSIC C1919bRevenue
$1.1bn
Past 5-Year Growth
Profit
$XX.Xm
Employees
2,784
Businesses
331
Wages
$XXX.Xm
Fibreglass Product Manufacturing in Australia industry analysis
Manufacturers in the Fibreglass Product Manufacturing industry have faced challenging operating conditions in recent years. The industry manufactures many products and services for several downstream markets. Fibreglass product manufacturers primarily rely on demand from swimming pool installers, truck manufacturers and train manufacturers. Demand from several of these downstream markets has dwindled over the past few years, placing downward pressure on industry revenue. Tumbling demand from boatbuilding in recent years has constrained demand for fibreglass boat hulls. Nonetheless, rising activity in downstream sectors like bridge construction has buoyed demand. Overall, industry revenue is expected to creep upward at an annualised 0.2% over the five years through 2023-24, to $1.09 billion. This trend includes an expected hike of 0.7% in 2023-24.
Industry profit margins have dropped in recent years. Intensifying import penetration has heightened price competition, as Asia-based manufacturers with lower wage and operating costs and greater economies of scale have shrunk prices local manufacturers can charge. The COVID-19 pandemic heavily constrained export opportunities for Australian manufacturers hurting industry profitability. Even so, many fibreglass product manufacturers have focused on customised or niche products, allowing them to hike up prices.
Industry revenue is projected to expand over the coming years in response to strengthening demand from downstream markets. Discretionary income is on track to grow moving forward, improving consumers' willingness to purchase luxury items, like swimming pool shells or boats. Nonetheless, imports are also projected to continue rising as a share of domestic demand. The Australian dollar is forecast to appreciate over the coming years, further benefitting imports. Industry revenue is projected to grow at an annualised 1.0% over the five years through 2028-29, to $1.14 billion.
Trends and Insights
- Fierce overseas competition is putting pressure on domestic fibreglass product manufacturers. While local manufacturers are adapting by focusing on customised or bulky products, the dominance of inexpensive imported goods continues to weigh on industry performance.
- Although fibreglass is not as strong as carbon fibre or aramid-reinforced plastic, the inputs for fibreglass are cheaper and easily available. This factor has made fibreglass a popular material for products like boat hulls, swimming pools, caravan components and tanks.
- The industry's geographic distribution tends to align with consumer industries and transport activity in each state or territory. For this reason, fibreglass product manufacturers are heavily concentrated in New South Wales, Queensland and Victoria.
- Fibreglass product manufacturers compete on their ability to meet customer performance requirements, the consistency of product quality, the speed of product turn around and product reliability. Even so, price is a key determinant, all else being equal.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated $1.1bn in 2023.
Trends and Insights
Fibreglass product manufacturers have endured mixed demand from downstream markets
- Activity in the Boatbuilding and Repair Service industry has fluctuated in recent years, which has limited demand for fibreglass boatbuilding components like boat hulls.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Fibreglass product manufacturers are projected to benefit from improving demand from downstream markets
- Demand from key downstream industries, like boatbuilders, is poised to climb over the coming years in response to rising domestic demand for expensive boats and other luxury vessels.
Biggest companies in the Fibreglass Product Manufacturing in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Narellan Pools | 117.9 | |
Aquatic Leisure Technologies | 49.1 | |
Wagners Holding Company | 21.0 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Fibreglass caravan components, swimming pool shells and boatbuilding, Fibreglass truck, trailer, train and bus components and Fibreglass bridge components. Fibreglass caravan components, swimming pool shells and boatbuilding is the largest segment of the Fibreglass Product Manufacturing in Australia.
Trends and Insights
Fibreglass caravan components, swimming pool shells and boatbuilding components contribute significantly to the industry's income
- Fibreglass caravan components, swimming pool shells and boatbuilding components make up the industry's largest individual product segment.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Plastic Flooring and Other Polymer Product Manufacturing in Australia
- Wicker and Fibreglass Furniture Manufacturing in Australia
- Toy and Sporting Goods Manufacturing in Australia
Complementors
- Boatbuilding and Repair Services in Australia
International industries
- Hose & Belt Manufacturing in the US
- Hose & Belt Manufacturing in Canada
- Rigid and Semi-Rigid Polymer Product Manufacturing in New Zealand
- Plastic Board, Pipe & Sheet Manufacturing in China
Table of Contents
About this industry
Industry definition
Industry operators manufacture products from fibreglass. Industry firms cut fibreglass sheets to size for insulation and packaging, and make inputs for other manufacturers such as boat, truck, trailer, train and bus components. The industry also manufactures fibreglass caravans, bridges, water tanks and swimming pool shells. Fibreglass furniture is not included in the industry.
What's included in this industry?
Fibreglass caravan components, swimming pool shells and boatbuilding componentsFibreglass truck, trailer, train and bus componentsFibreglass bridge componentsFibreglass tanks Fibreglass building façade componentsCompanies
Narellan PoolsAquatic Leisure TechnologiesWagners Holding CompanyPurchase this report to view all 3 major companies in this industry.
Related Terms
POLYMERCOMPOSITE MATERIALFIBREGLASSARAMIDIndustry Code
ANZSIC 1829 - Fibreglass Product Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Fierce overseas competition is putting pressure on domestic fibreglass product manufacturers. While local manufacturers are adapting by focusing on customised or bulky produc...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Although fibreglass is not as strong as carbon fibre or aramid-reinforced plastic, the inputs for fibreglass are cheaper and easily available. This factor has made fibreglass...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The industry's geographic distribution tends to align with consumer industries and transport activity in each state or territory. For this reason, fibreglass product manufact...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Fibreglass product manufacturers compete on their ability to meet customer performance requirements, the consistency of product quality, the speed of product turn around and p...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Fibreglass Product Manufacturing industry is fragmented. Manufacturers typically specialise in producing specific fibreglass products, making it difficult for one player ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Narellan Pools's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Aquatic Leisure Technologies's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Wagners Holding Company's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for Narellan Pools, and factors influencing its performance in the industry
- Description and key data for Aquatic Leisure Technologies, and factors influencing its performance in the industry
- Description and key data for Wagners Holding Company, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Fibreglass product manufacturers face low regulatory pressures, and these have remained steady in recent years. Few direct industry-specific regulatory or licensing requireme...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Industry profit margins have been squeezed in recent years as import penetration intensifies. Even so, fibreglass product manufacturers that produce customised products are a...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
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.
What data sources do IBISWorld analysts use?
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:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
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.
How does IBISWorld forecast its data?
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.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Fibreglass Product Manufacturing industry in Australia in 2024?
The market size of the Fibreglass Product Manufacturing industry in Australia is $1.1bn in 2024.
How many businesses are there in the Fibreglass Product Manufacturing in Australia industry in 2023?
There are 331 businesses in the Fibreglass Product Manufacturing industry in Australia, which has declined at a CAGR of 1.1 % between 2018 and 2023.
Has the Fibreglass Product Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Fibreglass Product Manufacturing industry in Australia has been growing at a CAGR of 0.2 % between 2018 and 2023.
What is the forecast growth of the Fibreglass Product Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Fibreglass Product Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Fibreglass Product Manufacturing market in Australia?
The biggest companies operating in the Fibreglass Product Manufacturing market in Australia are Narellan Pools, Aquatic Leisure Technologies and Wagners Holding Company
What does the Fibreglass Product Manufacturing in Australia include?
Fibreglass caravan components, swimming pool shells and boatbuilding components and Fibreglass truck, trailer, train and bus components are part of the Fibreglass Product Manufacturing industry.
Which companies have the highest market share in the Fibreglass Product Manufacturing in Australia?
The company holding the most market share in Australia is Narellan Pools.
How competitive is the Fibreglass Product Manufacturing industry in Australia?
The level of competition is moderate and steady in the Fibreglass Product Manufacturing industry in Australia.
