Australia Casting and Forging Market

Australia Casting and Forging Market Overview:

The Australia casting and forging market size reached USD 190.01 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 304.24 Million by 2033, exhibiting a growth rate (CAGR) of 5.37% during 2025-2033. The market is driven by rising demand across automotive, aerospace, and defense sectors, fueled by infrastructure upgrades, industrial automation, and localized manufacturing strategies. Supportive government initiatives and export-oriented policies also contribute to expansion. These factors collectively enhance the Australia casting and forging market share.

Australia Casting and Forging Market Trends:

Localization of Supply Chains and Sovereign Capability Development

A significant trend in the Australia casting and forging market growth is the emphasis on domestic production capabilities to reduce reliance on international supply chains. Geopolitical uncertainties and global disruptions have compelled both public and private sectors to invest in sovereign manufacturing infrastructure. The defense and aerospace industries, in particular, are prioritizing locally sourced components to align with national security and procurement frameworks. Strategic partnerships between government agencies and manufacturers are fostering innovation and expanding production capacity. Moreover, incentives promoting local supplier engagement are encouraging small and medium enterprises to enter the casting and forging value chain. This shift towards localized sourcing not only enhances resilience but also stimulates the domestic economy, ensuring long-term competitiveness in the Australia casting and forging market. For instance, in March 2025, Airbus and Australian start-up Drone Forge signed a Letter of Intent to deploy the Flexrotor uncrewed aerial system (UAS) in the Asia-Pacific region. The Flexrotor, a VTOL UAV suited for defence, surveillance, and harsh environments, will be supported by a new service centre in Perth. This partnership aims to commercialize advanced UAV technologies across commercial, government, and defence sectors. With proven performance and versatile payload capabilities, the Flexrotor is positioned as a key asset in evolving uncrewed aviation operations.

Digitization and Process Automation in Foundries and Forging Units

The Australia casting and forging market growth is being accelerated by rapid digital transformation as manufacturers are increasingly integrating automation and smart technologies into their operations. The use of computer-aided engineering (CAE), robotics, and real-time data monitoring is revolutionizing traditional processes, resulting in higher precision, reduced cycle times, and enhanced product quality. Predictive maintenance powered by IoT sensors and AI-driven process control systems are also becoming mainstream, minimizing unplanned downtime and maximizing throughput. Moreover, digital twins are being employed to simulate casting and forging workflows before physical implementation, ensuring cost-efficiency and design optimization. This shift toward Industry 4.0 practices enhances traceability and regulatory compliance, positioning local manufacturers to compete globally. For instance, in April 2025, the ARM Institute launched a new Project Call focused on robotic inspection for casting and forging. It seeks solutions for automated, scalable dimensional and thermal inspection of high-mix, low-volume components at both hot and ambient temperatures. The initiative also aims to evolve from manual to autonomous mobile inspection platforms. The project addresses challenges in legacy component production, workforce shortages, and the need for advanced, real-time quality control in casting and forging industries.

Australia Casting and Forging Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on component type, material type, manufacturing process, and sales channel.

Component Type Insights:

• Automotive 
  • Engine Components 
  • Transmission Components 
  • Structural Components 
  • Suspension Components 
  • Exhaust System Components 
  • Powertrain Components 
  • Interior Components 
  • Exterior Components 
  • Others 
• Aerospace 
  • Safety Critical Structural Parts 
  • Non-Safety Critical Parts 
• Arms and Defense 
  • Mobility 
  • Arms and Gear 
• High-Performance Electronics and Automation 
  • Heat Management 
  • Electronic-Housings 
  • Automation Structural Parts 
• Food and Beverage 
  • Structural Components 
  • Functional Components 

The report has provided a detailed breakup and analysis of the market based on the component type. This includes automotive (engine components, transmission components, structural components, suspension components, exhaust system components, powertrain components, interior components, exterior components, and others), aerospace (safety critical structural parts and non-safety critical parts), arms and defense (mobility and arms and gear), high-performance electronics and automation (heat management, electronic housings, and automation structural parts), and food and beverage (structural and functional components).

Material Type Insights:

• Aluminum Alloy 2xxx Series 
• Aluminum Alloy 3xxx Series 
• Aluminum Alloy 5xxx Series 
• Aluminum Alloy 6xxx Series 
• Aluminum Alloy 7xxx Series 

The report has provided a detailed breakup and analysis of the market based on the material type. This includes aluminum alloy 2xxx series, 3xxx series, 5xxx series, 6xxx series, and 7xxx series.

Manufacturing Process Insights:

• Casting Process 
  • Sand Casting 
  • Die Casting 
  • High Pressure Die Casting 
  • Others 
• Forging Process 
  • Open Die Forging 
  • Closed Die Forging 
  • Upset Forging 
  • Precision Forging 
• Rheocasting Process 
• Others 

The report has provided a detailed breakup and analysis of the market based on the manufacturing process. This includes casting process (sand casting, die casting, high pressure die casting, and others), forging process (open die forging, closed die forging, upset forging, and precision forging), rheocasting process, and others.

Sales Channel Insights:

• OEM
• Aftermarket

The report has provided a detailed breakup and analysis of the market based on the sales channel. This includes OEM and aftermarket.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Casting and Forging Market News:

• In January 2024, Bradken, an Australian company and subsidiary of Hitachi Construction Machinery, acquired a foundry in Chilca, Peru, from Funtec to locally produce mill liners for the South American mining market. This strategic move supports Bradken’s global expansion from its Australian base, enabling faster product delivery and reduced reliance on imports from India and Canada. Backed by hydroelectric power, the facility will cut CO₂ emissions by 95%. Production is set to begin in 2026, strengthening Bradken’s presence and capabilities across the Americas.

Australia Casting and Forging Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia casting and forging market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia casting and forging market on the basis of component type?
• What is the breakup of the Australia casting and forging market on the basis of material type?
• What is the breakup of the Australia casting and forging market on the basis of manufacturing process?
• What is the breakup of the Australia casting and forging market on the basis of sales channel?
• What is the breakup of the Australia casting and forging market on the basis of region?
• What are the various stages in the value chain of the Australia casting and forging market? 
• What are the key driving factors and challenges in the Australia casting and forging market?
• What is the structure of the Australia casting and forging market and who are the key players?
• What is the degree of competition in the Australia casting and forging market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia casting and forging market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia casting and forging market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia casting and forging industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.