Metal Fabrication in China - Market Research Report (2014-2029)
Beijing, China
Last Updated: May 2024
3411Revenue
$364.4bn
Past 5-Year Growth
Profit
$XX.Xbn
Employees
2m
Businesses
11,753
Wages
$XX.Xbn
Metal Fabrication in China industry analysis
The Metal Fabrication industry in China has performed well over the past five years. Chinese developing construction and manufacturing sectors have supported industry demand over the period. Over the five years through 2024, industry revenue for the Metal Fabrication industry in China is expected to rise at an annualized 6.6%. This trend includes an expected growth of 5.1% in the current year. In the next five years, the number of enterprises will increase at a CAGR of 2.1%, and the number of establishments will increase at a CAGR of 3.3%.<br />Most of the metal fabrication players are also engaged in the Building Construction and Bridge, Tunnel and Subway Construction industries (IBISWorld industry reports 4710 and 4721). By operating across different sectors, these operators can decrease costs and reduce operating and capital risks. The industry profit margin will be 4.8% in 2024, which is expected to remain low due to rapid increases in raw materials and wages. However, the larger industry players are less vulnerable to these increasing costs, due to their economies of scale and material supply sources.<br />In recent years, the government has continuously formulated and implemented industrial policies, like the Action Plan for Carbon Peak by 2030, and Long-term Goals for 2035 for the Metal Fabrication Industry. These policies will actively stimulate the development of the Metal Fabrication industry in China, which is expected to grow at an annualized 5.9% in the next five years to 2029. Advancements in manufacturing technology and growing demand for industry products are anticipated to support industry products.
Trends and Insights
- Repeated COVID-19 epidemic has brought negative affects to the industry development. The implementation of strict lockdown measures and economic uncertainties led to a slowdown in manufacturing activities and reduced downstream customers' demand for the industry products.
- Steel products are the mainstream in the industry. Steel manufacturing products include structural steel and steel plates, which are the most widely used materials in construction.
- The eastern region of China benefits from advanced equipment. The industry manufacturers in this region have advanced equipment and higher productivity.
- Raw materials are the key to competition. Long term relationships with material suppliers help manufacturers obtain qualified raw materials at lower prices.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 6.6 % over the past five years, to reach an estimated $364.4bn in 2024.
Trends and Insights
Urbanization construction promotes the industry development
- The Chinese Government has encouraged development of infrastructure construction, with special focus on transport and infrastructure construction over the past five years.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Urbanization and infrastructure construction will continuously promote the industry development
- Key drivers of revenue growth over the next five years will likely continue to be building and infrastructure construction in cities. In particular, rising urbanization is forecast to promote demand for industry products from China's infrastructure construction market.
Biggest companies in the Metal Fabrication in China
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
China Construction Science and Industry Corporation Ltd. | 5,831.1 | |
Anhui Honglu Steel Construction (Group) Co., Ltd. | 3,717.9 | |
Chang Jiang & Jing Gong Steel Building (Group) Co., Ltd. | 2,217.9 |
To view the market share and analysis for all 10 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 Steel fabrication products, Iron fabrication products and Aluminum fabrication products. Steel fabrication products is the largest segment of the Metal Fabrication in China.
Trends and Insights
Steel fabrication products account for the largest proportion
- Steel fabrication products include structural steel and steel plates. Steel fabrication began being used in building construction in the 1990s, gradually replacing concrete structures to become the most widely used material in construction.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Bearing Manufacturing in China
- Iron & Steel Casting in China
Complementors
- Cutting Tool Manufacturing in China
International industries
- Structural Metal Product Manufacturing in Australia
- Fabricated Metal Product Manufacturing in New Zealand
Table of Contents
About this industry
Industry definition
The Metal Fabrication Industry in China manufactures metal structure and component parts for the building and infrastructure construction industries as well as other metal fabrication products from iron, steel and aluminum. Products such as metal parts for boats, metal doors and windows are not included in the industry.
What's included in this industry?
Steel fabrication productsIron fabrication productsAluminum fabrication productsOtherCompanies
China Construction Science and Industry Corporation Ltd.Anhui Honglu Steel Construction (Group) Co., Ltd.Chang Jiang & Jing Gong Steel Building (Group) Co., Ltd.Purchase this report to view all 10 major companies in this industry.
Related Terms
SCAFFOLDINGGIRDERTRUSSPerformance
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
Repeated COVID-19 epidemic has brought negative affects to the industry development. The implementation of strict lockdown measures and economic uncertainties led to a slowdo...
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 (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- 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
Steel products are the mainstream in the industry. Steel manufacturing products include structural steel and steel plates, which are the most widely used materials in constru...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- 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 eastern region of China benefits from advanced equipment. The industry manufacturers in this region have advanced equipment and higher productivity.
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 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
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
Raw materials are the key to competition. Long term relationships with material suppliers help manufacturers obtain qualified raw materials at lower prices.
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 2019-2024
- 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
Small businesses dominate the industry. Leading companies in the Metal Fabrication industry in China have a relatively small market share.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of China Construction Science and Industry Corporation Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Anhui Honglu Steel Construction (Group) Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Chang Jiang & Jing Gong Steel Building (Group) Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 7 additional companies
Detailed analysis
- Description and key data for China Construction Science and Industry Corporation Ltd., and factors influencing its performance in the industry
- Description and key data for Anhui Honglu Steel Construction (Group) Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Chang Jiang & Jing Gong Steel Building (Group) Co., Ltd., and factors influencing its performance in the industry
- Description, key data and performance trends for 7 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
National standards regulate the industry. Key regulations in this industry are mainly national standards concerning important metal fabrication products, like Code for Design...
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 (2014-2029)
- Assistance historical data and forecast (2014-2029)
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
The profit margin of the industry has decreased. Price competition and rising raw material prices have led to a decline in the industry profit margin.
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 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
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 (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
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 China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
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 Metal Fabrication industry in China in 2024?
The market size of the Metal Fabrication industry in China is $364.4bn in 2024.
How many businesses are there in the Metal Fabrication in China industry in 2024?
There are 11,753 businesses in the Metal Fabrication industry in China, which has grown at a CAGR of 3.0 % between 2019 and 2024.
Has the Metal Fabrication industry in China grown or declined over the past 5 years?
The market size of the Metal Fabrication industry in China has been growing at a CAGR of 6.6 % between 2019 and 2024.
What is the forecast growth of the Metal Fabrication industry in China over the next 5 years?
Over the next five years, the Metal Fabrication industry in China is expected to grow.
What are the biggest companies in the Metal Fabrication market in China?
The biggest companies operating in the Metal Fabrication market in China are China Construction Science and Industry Corporation Ltd., Anhui Honglu Steel Construction (Group) Co., Ltd. and Chang Jiang & Jing Gong Steel Building (Group) Co., Ltd.
What does the Metal Fabrication in China include?
Steel fabrication products and Iron fabrication products are part of the Metal Fabrication industry.
Which companies have the highest market share in the Metal Fabrication in China?
The company holding the most market share in China is China Construction Science and Industry Corporation Ltd..
How competitive is the Metal Fabrication industry in China?
The level of competition is moderate and increasing in the Metal Fabrication industry in China.
