Forge forward: Industry revenue will rebound moderately as metal prices are expected to rise

The Metal Stamping and Forging industry has experienced moderate volatility over the five years to 2017. Despite strong demand from the aerospace manufacturing market during most of the five-year period, weakened demand from other markets, particularly oil and gas machinery and agricultural machinery manufacturing, has hurt manufacturers of forged ferrous and stamped metal products. Furthermore, the recent downturn in the world price of steel, aluminum and most other metal inputs has pressured domestic operators across all product segments to lower selling prices, subsequently placing downward pressure on industry revenue. Over the next five years, the industry is expected to rebound moderately...read more.

Industry Statistics & Market Size
Revenue
$581m
Annual Growth 12-17
-1.9%
Forecast Growth 17-22
x.x%lock
Profit
x.x%lock
Employment
2,389
Businesses
97
Market Share of Companies
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Industry Threats & Opportunities

  • Limited imports and a value-added product mix have enabled operators to sustain high profit margins
  • Demand from the commercial aerospace markets has been key to the industry’s overall growth
  • High technical barriers to entry will continue to limit the entrance of newcomers

    • Industry Report - Starting a New Business Chapter

    Moderately high barriers to entry aid the industry's profitability. Industry participants require significant investment to obtain forging and stamping machines. In addition, many downstream manufacturing clients only deal with "certified suppliers," a status which is costly and time consuming to obtain for new entrants. According to McGraw Hill, a certified supplier is a supplier who has demonstrated reliability by providing the buyer with quality goods and services at desirable prices, usually in accord with strict delivery specifications. Experience within the industry is also beneficial to gain contracts with downstream manufacturers that have specific or high quality requirements. For...purchase to read more.

    Additional Insights for the Metal Stamping & Forging in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Metal Stamping & Forging in New York Industry are

  • Economies of scale
  • Effective quality control
  • Maintaining strong relationships within key markets

    • IBISWorld analysts also discuss how external factors such as World price of steel and Industrial production index in the Metal Stamping & Forging in New York industry impact industry performance..

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    Industry Products

    What is the Metal Stamping & Forging in New York Industry?

    Operators in this industry forge, stamp and rollform ferrous (iron) and nonferrous metal products for use by other industries. Forged metal is compressed in hot or cold temperatures, while stamped metal is placed into a press to make sheets; rollformed metal is bent into shape on a set of rolls. The industry also includes powder metallurgy companies. This industry excludes the stamping of coins, cans and automotive products.

    Industry Products
  • Ferrous forging
  • Nonferrous forging
  • Custom roll forming
  • Powder metallurgy products
  • Custom stampings
  • Metal crowns, closures and lids
    • Industry Activities
  • Manufacturing forged metal products
  • Manufacturing stamped metal products
  • Manufacturing custom rollformed metal products
  • Manufacturing powder metallurgy products
    • 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
  • World price of steel
  • Industrial production index
  • World price of aluminum
  • Trade-weighted index

    • Current Performance
  • The market for value-added metal products in New York
  • Shift to high value-added products
  • Profit and participation
  • Chart: Revenue Growth

    • Industry Outlook
  • Increasingly sophisticated products in demand
  • Industry landscape
  • Table: Metal Stamping & Forging in New York Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Metal Stamping & Forging in New York Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Hand Tool & Cutlery Manufacturing
  • Valve Manufacturing
  • Guns & Ammunition Manufacturing
  • Ball Bearing Manufacturing
  • Tractors & Agricultural Machinery Manufacturing
  • Wind Turbine Manufacturing
  • Pump & Compressor Manufacturing
  • Aircraft, Engine & Parts Manufacturing
  • Space Vehicle & Missile Manufacturing

    • Key Selling Industries
  • Aluminum Manufacturing
  • Iron & Steel Manufacturing
  • Nonferrous Metal Rolling & Alloying
  • Paint Manufacturing
  • Screw, Nut & Bolt Manufacturing

    • Products & Services
  • Metal crowns, closures and lids
  • Custom stampings
  • Ferrous forging
  • Custom roll forming
  • Nonferrous forging
  • Powder metallurgy products
  • Chart: Metal Stamping & Forging in New York Industry Products and Services Segmentation

    • Major Markets
  • Off-highway and agricultural equipment
  • Other
  • Aerospace
  • Construction
  • Containers and packaging
  • Chart: Major Market Segmentation for the Metal Stamping & Forging in New York Industry

    • Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesLabor costsOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Metal Stamping & Forging in New York

    • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Metal Stamping & Forging in New York Industry

    • Major Companies

    Arconic Inc.McAlpin IndustriesBurke ForgingPSM Industries Inc.
  • Table: Arconic Inc. - financial performance
  • Table: McAlpin Industries - financial performance
  • Table: Burke Forging - financial performance
  • Table: PSM Industries Inc. - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Metal Stamping & Forging in New York 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 Metal Stamping & Forging in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Domestic flat-rolled steel price index (2008-2022)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Metal Forging
  • Shaping metal by using localized compressive forces.
    • Metal Stamping
  • Includes a variety of sheet-metal forming manufacturing processes, such as punching with a machine press or stamping press.
    • Powder Metallurgy
  • Blending and compressing fine metal powder into a desired shape.
    • Why buy this report?

    IBISWorld’s Industry Market Report on Metal Stamping & Forging in New York is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    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 Metal Stamping & Forging in New York:
    • 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 Metal Stamping & Forging in New York 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 Metal Stamping & Forging in New York, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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