Overview

Structural integrity: Increased investment and downstream demand will lift revenue

The Steel Framing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth
11-16
2.4%
Annual Growth
16-21
Profit
Employment
78,327
Business
13,191

Industry Threats & Opportunities

  • Continued investment in infrastructure construction markets will support growth
  • Profit margins severely contracted in response to rising price competition
  • Growth over the five-year period will be more consistent than that of the previous five years mainly due to organic growth

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    Industry Analysis & Industry Trends

    During the five years to 2016, a recession-induced drop in demand for the Steel Framing industry's services intensified competition for new work contracts, particularly in the nonresidential construction market. As competition intensified, industry operators increasingly competed for projects on the basis of price, hurting industry revenue. However, in 2012, a recovering private nonresidential construction market compensated for decreased demand for infrastructure and public nonresidential construction. Moving forward, industry revenue is forecast to grow, as demand from downstream construction markets experience more robust growth...

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    Industry Report - Industry Locations Chapter

    The industry is characterized by many small-scale establishments that service relatively narrow, geographically dispersed markets. The larger-scale contractors operate in several states but seldom across more than six. Overall, the industry's geographic distribution corresponds to population distribution and economic activity throughout the United States, with concentrated activity in major urban and industrial areas and a large number of participants operating in isolated agricultural and mining regions.

    The Southeast region accounts for the largest share of industry establishments with an estimated 23.2% of the total. This corresponds to the region's 25.6% share of the national population. Sin..

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    Additional Insights for the Steel Framing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Steel Framing Industry are

  • Having a good reputation
  • Ability to compete on tender
  • Having a high profile in the market
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction and Government consumption and investment in the Steel Framing industry impact industry performance..

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    Industry Products

    What is the Steel Framing Industry?

    This industry comprises contractors that install steel and precast concrete to produce structural elements, building exteriors and elevator fronts. The industry also includes the installation of other steel products (e.g. setting rods, bars, rebar, mesh and cages) to reinforce poured-in-place concrete, cooling towers and metal storage tanks. The structural steel erection work performed includes new work, additions, alterations, reconstruction, maintenance and repairs.

    Industry Products
    New nonresidential building construction
    New nonbuilding construction (i.e. infrastructure)
    Additions and alterations to existing structures
    New residential building construction
    Maintenance and repair work
    Industry Activities
    Erecting metal and structural steel on buildings and structures
    Erecting prestressed or precast concrete to produce structural elements
    Erecting metal building exteriors
    Erecting metal elevator fronts
    Erecting structures on metal rods, bars, rebar, mesh and cages to reinforce poured-in-place concrete
    Erecting cooling towers
    Erecting metal storage tanks for nonliquids (e.g. grain silos)
    Erecting metal storage tanks for liquids other than water
    Erecting structural steel trusses or joists
    Welding work on construction projects (e.g. MIG and TIG welding)

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction
  • Government consumption and investment
  • Government funding for highways
  • Yield on 10-year Treasury note
  • World price of steel

  • Current Performance
  • Recovering demand
  • Limiting factors
  • Chart: Revenue Growth

  • Industry Outlook
  • Infrastructure trends
  • Profit and industry size
  • Table: Steel Framing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Steel Framing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Mining
  • Utilities
  • Water Supply & Irrigation Systems
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Heavy Engineering Construction
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Finance and Insurance
  • Heavy Equipment Rental
  • Industrial Machinery & Equipment Wholesaling
  • Manufacturing
  • Metal Wholesaling
  • Precast Concrete Manufacturing

  • Products & Services
  • New nonresidential building construction
  • New residential building construction
  • Additions and alterations to existing structures
  • New nonbuilding construction (i.e. infrastructure)
  • Maintenance and repair work
  • Chart: Steel Framing Industry Products and Services Segmentation

  • Demand Determinants
  • Demand from the nonresidential building market
  • Demand from the nonbuilding construction market
  • Substitute products

  • Major Markets
  • Nonresidential building projects
  • Residential projects
  • Infrastructure projects
  • Chart: Major Market Segmentation for the Steel Framing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Steel Framing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Steel Framing Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Steel Framing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Steel Framing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Value of nonresidential construction (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Electric Arc Welding
  • A process by which a power supply is used to create an electric arc between the electrode and the base material; preferred for work on thick steel because the high intensity of the heat it generates.
  • General Contractor
  • The construction management firm hired to oversee every aspect of a build-out, including hiring subcontractors and specialized labor.
  • Tungsten Inert Gas (Tig)
  • An arc-welding process that uses a tungsten electrode to produce the weld.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Steel Framing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Steel Framing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Steel Framing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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