Fibreglass Product Manufacturing in Australia - Industry Market Research Report

Fibreglass Product Manufacturing in Australia - Industry Market Research Report

Fibreglass Product Manufacturing in Australia

Industry operators in the Fibreglass Product Manufacturing industry have faced difficult operating conditions over the past five years. The industry manufactures many products and services for several downstream markets. Industry firms primarily rely on demand from swimming pool installers, truck manufacturers and train manufacturers. Demand from several of these downstream markets has declined over the period, placing downward pressure on industry revenue. Furthermore, weak growth in discretionary income later in the period has constrained demand for luxury industry items, such as swimming pool shells. However, increased activity in downstream sectors such as bridge construction and boatbuilding has supported industry players over the period. Overall, industry revenue is expected to decrease at an annualised 0.9% over the five years through 2022-23, to $949.1 million. This trend includes an expected rise of 0.9% in the current year, as the economy recovers from the downturn due to the COVID-19 pandemic.

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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.