Overview

No structure: Import penetration will be further encouraged by an appreciating US dollar

IBISWorld’s industry research report on Structural Metal Product Manufacturing in New York can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • The industry’s performance is influenced by movements in the price of metals and import penetration
  • The fall in steel prices has helped some operators generate better profit margins
  • As domestic demand picks up, the industry is likely to experience rising competition

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    Industry Analysis & Industry Trends

    Revenue for the Structural Metal Product Manufacturing industry depends principally on the level of activity in downstream markets. Since these markets have grown over the period, industry revenue is expected to rise. 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. Over the five years to 2022, IBISWorld expects revenue to grow, influenced by accelerating construction markets and volatile steel prices. Still, certain challenges are on the horizon...

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    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 $0.10 toward machinery, equipment and other capital expenses. This ratio has decreased slightly over the past five years, as capacity utilization has decreased. Operators have not invested substantially in new equipment while employment reduction has been minimal as well. Also, annualized revenue growth has caused depreciation to slightly fall as a percentage of overall cost structure. It should be noted that capital investments vary wildly among companies depending on the size and scope of the operation. Sma..

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    Additional Insights for the Structural Metal Product Manufacturing in New York Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Structural Metal Product Manufacturing in New York 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 in New York and Trade-weighted index in the Structural Metal Product Manufacturing in New York industry impact industry performance..

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    Industry Products

    What is the Structural Metal Product Manufacturing in New York 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 bar joists and concrete reinforcing bars
    Prefabricated metal building and component systems (excluding farm s
    Fabricated Structural Metal
    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

    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 in New York
  • Trade-weighted index
  • World price of steel
  • Government funding for highways
  • Value of utilities construction

  • Current Performance
  • Construction markets
  • Regulatory assistance
  • Steel prices and profit
  • Chart: Revenue Growth

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

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

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

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

  • Products & Services
  • Fabricated structural metal bar joists and concrete reinforcing bars
  • Fabricated Structural Metal
  • Prefabricated metal building and component systems (excluding farm s
  • Chart: Structural Metal Product Manufacturing in New York Industry Products and Services Segmentation

  • Major Markets
  • Nonresidential Building Construction
  • Transport Infrastructure
  • Utilities Infrastructure
  • Chart: Major Market Segmentation for the Structural Metal Product Manufacturing in New York Industry

  • Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    PurchasesWagesDepreciation and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Structural Metal Product Manufacturing in New York

  • Basis of Competition
  • Internal Competition
  • External Competition

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

  • Major Companies
    Nucor Corp.ALP Steel Corp.Klein Reinforcing ServicesStone Bridge Iron & Steel, Inc.Ward Steel Inc.Wiltsie Construction Co., Inc.
  • Table: Nucor Corp. - financial performance
  • Table: ALP Steel Corp. - financial performance
  • Table: Klein Reinforcing Services - financial performance
  • Table: Stone Bridge Iron & Steel, Inc. - financial performance
  • Table: Ward Steel Inc. - financial performance
  • Table: Wiltsie Construction Co., Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Structural Metal Product Manufacturing 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 Structural Metal Product Manufacturing in New York Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • World Price of Steel (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Culvert
  • 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.
  • 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 Structural Metal Product Manufacturing 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 Structural Metal Product Manufacturing 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 Structural Metal Product Manufacturing 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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