Strong structure: Accelerating construction activity will drive industry revenue growth

The Structural Metal Product Manufacturing industry manufactures products used for nonresidential building construction, utilities and infrastructure construction and various manufacturing applications. Consequently, industry revenue depends principally on the level of activity in downstream markets. Since these markets have grown during the period, industry revenue is expected to rise over the five years to 2018. The industry's performance is also influenced by movements in the price of metals and import penetration. Metals, such as steel and aluminum, are key inputs in the manufacturing process. Although rising metal prices increase purchase costs, they also boost the value of inventory and raise selling prices...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Revenue is expected to grow, influenced by accelerating construction activity
  • Volatility compromises operators’ ability to plan inventory and price their products
  • Performance depends on demand from the residential and commercial construction industries
  • Industry Report - Industry Investment Chapter

    Structural metal product manufacturing exhibits low to moderate capital intensity. IBISWorld estimates that for every dollar spent on labor, companies in the industry allocate $0.12 toward machinery, equipment and other capital expenses. This ratio has not changed since 2012, as operators continue to invest in new equipment to increase efficiency and reduce the need for employment. Furthermore, it should be noted that capital investments vary wildly among companies depending on the size and scope of the operation. Smaller companies spend considerably more on wages due to the lack of technology purchases that would increase automation, therefore exhibiting lower capital intensity...purchase to read more.

    Additional Insights for the Structural Metal Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Structural Metal Product Manufacturing Industry are

  • Availability of resources
  • Ability to vary services to suit different needs
  • Having a diverse range of clients
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction and World price of steel in the Structural Metal Product Manufacturing industry impact industry performance..

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    What's in this report

    What is the Structural Metal Product Manufacturing Industry?

    Operators in this industry manufacture structural metal products such as reinforcing bars, bar joists, railway bridge sections, dam gates, transmission tower sections and railroad car racks. They also manufacture metal plate work, such as bins, culverts, hoods, ladles and containment vessels, as well as prefabricated metal buildings. The majority of industry products are used in nonresidential building and utility construction.

    Industry Products
  • Fabricated structural metal products
  • Fabricated metal plate work products
  • Prefabricated metal buildings
  • Fabricated structural metal products for bridges and other products
  • Industry Activities
  • Manufacturing structural metal products (e.g. railway sections and dam gates)
  • Manufacturing metal plate work products (e.g. culverts and casings)
  • Manufacturing prefabricated metal buildings and sections
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction
  • World price of steel
  • Government funding for highways
  • Value of utilities construction
  • Trade-weighted index

  • Current Performance
  • Construction markets
  • Steel prices and profit
  • Growing imports
  • Chart: Revenue Growth

  • Industry Outlook
  • Accelerating construction markets
  • Prices and import competition
  • Table: Structural Metal Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Structural Metal Product Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Electric Power Transmission
  • Industrial Building Construction
  • Bridge & Elevated Highway Construction
  • Ship Building
  • Commercial Building Construction

  • Key Selling Industries
  • Aluminum Manufacturing
  • Copper Rolling, Drawing & Extruding
  • Iron & Steel Manufacturing

  • Products & Services
  • Fabricated structural metal products for bridges and other products
  • Fabricated structural metal products
  • Prefabricated metal buildings
  • Fabricated metal plate work products
  • Chart: Structural Metal Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Transport infrastructure construction
  • Utilities infrastructure and nonresidential building construction
  • Export markets
  • Chart: Major Market Segmentation for the Structural Metal Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Structural Metal Product Manufacturing

  • Basis of Competition
  • Internal Competition
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Structural Metal Product Manufacturing Industry

  • Industry Globalization
    Arconic, Nucor Corp.,
  • Table: Arconic - financial performance
  • Table: Nucor Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Structural Metal Product Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Structural Metal Product Manufacturing Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • World Price of Steel (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • A device used to channel water.
  • Joist
  • A horizontal support in architecture or engineering that runs from wall to wall, wall to beam or beam to beam to support a ceiling, roof or floor.
  • Reinforcing Bar (Rebar)
  • A steel bar that is commonly used as a tensioning device in reinforced concrete and reinforced masonry structures holding the concrete in compression.
  • What Our Customers Say

    Why buy this report?

    The Structural Metal Product Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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 Structural Metal Product Manufacturing:
    • 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 Structural Metal Product Manufacturing 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 Structural Metal Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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