Australian forging manufacturers have market advantages in several fields, including aerospace, energy, construction, mining, and heavy machinery. These fields require very high-quality and reliable forgings to ensure safe and stable operation of the products. The following is a description of the Australian forging industry’s market advantages in different fields.
- Aerospace
Australian forging manufacturers provide aerospace engine components and aircraft structural components for the aerospace industry. According to the Australian Aerospace Technology Group, the Australian aerospace industry’s output value accounts for 2.6% of the global market, and with the growth of the tourism industry worldwide and the recovery of the aviation industry, the demand in the aerospace industry is gradually increasing.
- Energy
Australia is a resource-rich country with extensive oil and natural gas reserves and thus leading the way in energy development. Australian forging manufacturers provide many critical components for the energy sector, including pressure vessels for drilling rigs and natural gas pipelines. According to the New South Wales Government’s statistics on mineral development, the total value of coal exports in New South Wales in 2016-17 was AUD 55.4 billion.
- Construction
Australia has a high degree of urbanization, and the construction industry is developing rapidly. Australian forging manufacturers provide many important components for the construction sector, such as structural supports, door and window hardware, and large equipment components. According to the Australian Bureau of Statistics, the construction industry’s output value accounts for 7% of the GDP, creating a large number of job opportunities.
- Mining
Australia is a mining powerhouse that leads the way in the mining industry. Australian forging manufacturers produce various mechanical parts for the mining and petroleum industries, such as drive shafts, fan bearings, and conveyors. According to the Minerals Council of Australia, the Australian mining industry’s output value reached AUD 272.5 billion in 2019.
In general, the Australian forging industry is leading the way in many fields and has broad market prospects. Australian forging manufacturers provide high-quality, high-performance forging products to meet the needs of various industries through continuous innovation and technological progress.
