Non-Ferrous Metal Casting in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: July 2023
ANZSIC C2141Revenue
$194.3m
Past 5-Year Growth
Profit
$XX.Xm
Employees
818
Businesses
64
Wages
$XX.Xm
Non-Ferrous Metal Casting in Australia industry analysis
Revenue for the Non-Ferrous Metal Casting industry has increased over the past five years, driven by reduced import competition and rising input costs, which have been passed on to downstream markets. The industry has benefited from global supply chain disruptions during the COVID-19 pandemic, which have caused major shipping delays. Manufacturers have increasingly favoured local suppliers to boost their supply chains' reliability. Industry revenue is expected to grow at an annualised 4.6% over the five years through 2023-24, to $194.3 million. Rising world metal prices have increased input costs for the industry, reducing profit margins to an estimated 6.0% in the current year.Metal casters have capitalised on reduced import competition to pass on rising input costs to downstream customers and limit the effect on profit margins. The industry's input costs have risen significantly across all product segments, as pandemic-related supply chain disruptions and strong global demand have caused world metal prices to spike. The highest price increases have been for nickel, tin, bronze and magnesium. Nickel prices soared due to demand from battery manufacturers, which use the metal to produce batteries for smartphones and electric vehicles. A global tin shortage also contributed to higher prices. Most metal prices have started to ease in 2022-23, and metal casters are expected to pass on these savings to customers, leading to an anticipated 4.9% decline in industry revenue in the current year.Industry revenue is forecast to grow over the coming years despite short-term weakness in housing construction activity. Rising capital expenditure in the mining sector, spurred by strong commodity prices, is poised to underpin demand. Import competition is also set to remain weaker than pre-pandemic levels, as firms that switched to domestic suppliers during supply chain disruptions will to be slow to revert back to import markets. Overall, industry revenue is projected to grow at a sluggish 0.4% annualised over the next five years, to reach $197.8 million in 2028-29.
Trends and Insights
- Global supply chain disruptions have weakened import competition. Manufacturers have sought to shore up domestic supply chains to avoid soaring shipping costs and delays in deliveries during the COVID-19 pandemic.
- Most metal prices have increased, but nickel and tin have been the fastest risers. Cost pressures have risen across all product segments, but tin shortages and surging demand for nickel batteries have meant these two metals have grown the most.
- Victoria has the largest share of metal casters, due to it being the historical automotive manufacturing hub. While automotive manufacturing has long been in decline, many metal casting businesses set up shop in Victoria decades ago and have remained there.
- Import competition is weakening as manufacturers have faced shipping delays. Amid global supply chain disruptions, manufacturers have increasingly favoured local suppliers to avoid long shipping delays.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has grown at a CAGR of 4.6 % over the past five years, to reach an estimated $194.3m in 2023.
Trends and Insights
Supply chain issues have helped domestic metal casters compete with imports
- Over the long term, imports have steadily displaced domestic industry metal casting products. Overseas metal casters benefited from greater scale and lower operating costs, giving them significant cost advantages over domestic producers.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
The industry is set to continue reversing long-term participation declines
- The industry seems to have hit a turning point in its long-term trend of declining participation, with industry enterprises forecast to continue growing in number over the next few years.
Biggest companies in the Non-Ferrous Metal Casting in Australia
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
A.W.Bell Pty Ltd | 8.2 |
To view the market share and analysis for all 1 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 Cast and forged copper, Other non-ferrous metal castings and Zinc castings. Cast and forged copper is the largest segment of the Non-Ferrous Metal Casting in Australia.
Trends and Insights
Import competition and slowing housing construction have limited demand for cast and forged copper
- Cast and forged copper is the industry's largest product segment. Products in this segment are varied and can come in the form of copper tubes, copper pipes, household accessories, and wires and rods for electrical applications.
- More insights available in the full report
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Competitors
- Aluminium Smelting in Australia
- Copper Tubes and Wire Manufacturing in Australia
- Iron and Steel Casting in Australia
- Iron and Steel Forging in Australia
Complementors
- Gold and Other Non-Ferrous Metal Processing in Australia
International industries
- Metal Stamping & Forging in the US
- Metal Stamping & Forging in Canada
- Non-Ferrous Metal Product Manufacturing in New Zealand
- Light Metal Casting in the UK
Table of Contents
About this industry
Industry definition
Industry firms manufacture finished non-ferrous metal products by casting molten non-ferrous metals in moulds. The industry also includes companies that clean and finish non-ferrous castings. The term non-ferrous indicates metals other than iron and alloys that do not contain an appreciable amount of iron. The industry excludes aluminium smelting and casting.
What's included in this industry?
Cast and forged copperMagnesium castingsZinc castingsNickel, tin and alloy castingsCompanies
A.W.Bell Pty LtdPurchase this report to view all 1 major companies in this industry.
Related Terms
METAL CASTINGJOBBING3D PRINTINGDIE CASTINGIndustry Code
ANZSIC 2141 - Non-Ferrous Metal Casting 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
Global supply chain disruptions have weakened import competition. Manufacturers have sought to shore up domestic supply chains to avoid soaring shipping costs and delays in d...
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
Most metal prices have increased, but nickel and tin have been the fastest risers. Cost pressures have risen across all product segments, but tin shortages and surging demand...
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
Victoria has the largest share of metal casters, due to it being the historical automotive manufacturing hub. While automotive manufacturing has long been in decline, many me...
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
Import competition is weakening as manufacturers have faced shipping delays. Amid global supply chain disruptions, manufacturers have increasingly favoured local suppliers to...
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
AW Bell is a success story in the industry. While the industry is small and highly fragmented, the company has strong defence sector links and is seen as an innovative manufa...
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 A.W.Bell Pty Ltd's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for A.W.Bell Pty Ltd, 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
Global supply chain issues and rising world metal prices have increased industry revenue volatility. Supply chain issues encouraged many domestic manufacturers to substitute ...
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
Soaring world metal prices have led to rising input costs. The cost of inputs across all the industry's product segments increased, particularly products using nickel, tin an...
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 Non-Ferrous Metal Casting industry in Australia in 2024?
The market size of the Non-Ferrous Metal Casting industry in Australia is $194.3m in 2024.
How many businesses are there in the Non-Ferrous Metal Casting in Australia industry in 2023?
There are 64 businesses in the Non-Ferrous Metal Casting industry in Australia, which has grown at a CAGR of 2.0 % between 2018 and 2023.
Has the Non-Ferrous Metal Casting industry in Australia grown or declined over the past 5 years?
The market size of the Non-Ferrous Metal Casting industry in Australia has been growing at a CAGR of 4.6 % between 2018 and 2023.
What is the forecast growth of the Non-Ferrous Metal Casting industry in Australia over the next 5 years?
Over the next five years, the Non-Ferrous Metal Casting industry in Australia is expected to grow.
What are the biggest companies in the Non-Ferrous Metal Casting market in Australia?
The biggest company operating in the Non-Ferrous Metal Casting market in Australia is A.W.Bell Pty Ltd
What does the Non-Ferrous Metal Casting in Australia include?
Cast and forged copper and Magnesium castings are part of the Non-Ferrous Metal Casting industry.
Which companies have the highest market share in the Non-Ferrous Metal Casting in Australia?
The company holding the most market share in Australia is A.W.Bell Pty Ltd.
How competitive is the Non-Ferrous Metal Casting industry in Australia?
The level of competition is moderate and increasing in the Non-Ferrous Metal Casting industry in Australia.
