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

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...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
2.3%
Forecast Growth 17-22
Profit
Employment
3,700
Businesses
179
What Our Customers Say

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
  • Industry Report - Industry SWOT Analysis Chapter

    ***This section is not used for US State reports.***Only set Reasons & Level!...purchase to read more.

    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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    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
  • Similar Industries
  • Prefabricated Home Manufacturing
  • Sheet Metal, Window & Door Manufacturing
  • Boiler & Heat Exchanger Manufacturing
  • Metal Tank Manufacturing
  • Heating & Air Conditioning Equipment Manufacturing
  • Ship Building
  • Structural Metal Product Manufacturing in California
  • Sheet Metal, Window & Door Manufacturing in California
  • Sheet Metal, Window & Door Manufacturing in New York
  • Structural Metal Product Manufacturing in Illinois
  • Sheet Metal, Window & Door Manufacturing in Illinois
  • Structural Metal Product Manufacturing in Texas
  • Sheet Metal, Window & Door Manufacturing in Texas
  • Structural Metal Product Manufacturing in Florida
  • Sheet Metal, Window & Door Manufacturing in Florida
  • Sheet Metal, Window & Door Manufacturing in Massachusetts
  • Structural Metal Product Manufacturing in Ohio
  • Sheet Metal, Window & Door Manufacturing in Ohio
  • Structural Metal Product Manufacturing in Pennsylvania
  • Sheet Metal, Window & Door Manufacturing in Pennsylvania
  • Sheet Metal, Window & Door Manufacturing in New Jersey
  • Sheet Metal, Window & Door Manufacturing in Georgia
  • Structural Metal Product Manufacturing in Michigan
  • Sheet Metal, Window & Door Manufacturing in Michigan
  • Sheet Metal, Window & Door Manufacturing in Wisconsin
  • Sheet Metal, Window & Door Manufacturing in Washington
  • Sheet Metal, Window & Door Manufacturing in Virginia
  • Sheet Metal, Window & Door Manufacturing in Tennessee
  • Sheet Metal, Window & Door Manufacturing in North Carolina
  • Sheet Metal, Window & Door Manufacturing in Minnesota
  • Sheet Metal, Window & Door Manufacturing in Maryland
  • Sheet Metal, Window & Door Manufacturing in Colorado
  • 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 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

  • 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
    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

  • 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

  • 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
    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
    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’s Industry Market Report on Structural Metal Product Manufacturing 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 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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