Solid structure: Rising construction activity and funding will boost demand for industry products

Over the five years to 2017, revenue for the Fabricated Structural Metal Manufacturing industry is expected to trend higher, bolstered by a revival in construction activity. The industry is highly cyclical in nature, and thus tends to ebb and flow with the business cycle. The Fabricated Structural Metal Manufacturing industry is anticipated to continue to grow over the five years to 2022, boosted by rising construction activity. Moreover, government funding for highways is projected to rise, further bolstering demand for the industry's products, such as concrete reinforcing bars...purchase to read more.

Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 12-17
2.8%
Forecast Growth 17-22
Profit
Employment
95,200
Businesses
3,075
Market Share of Companies

Industry Threats & Opportunities

  • Despite revenue growth, the industry is anticipated to consolidate
  • The industry is expected to benefit from renewed strength in state and local budgets
  • Industry Report - Industry Products Chapter

    Fabricated structural metal bar joists and reinforcing barsFabricated structural metal bar joists and reinforcing bars account for a large share of industry revenue, accounting for 44.1% of the total. Concrete reinforcing bars are used as a tensioning device in concrete to help it maintain a compressed state. Open web steel joists are produced in a triangulated web system to span between bearing points and provide support for roofing and floor decks. These products are primarily used in building construction, and consequently, demand for this product is tied to demand from commercial, municipal and residential construction. Gro...purchase to read more.

    Additional Insights for the Fabricated Structural Metal Manufacturing Industry

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

  • Proximity to key markets
  • Upstream vertical integration
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction and Government funding for highways in the Fabricated Structural Metal Manufacturing industry impact industry performance..

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    What's in this report

    What is the Fabricated Structural Metal Manufacturing Industry?

    This industry fabricates structural metal products, such as assemblies of concrete reinforcing bars and fabricated bar joists.

    Industry Products
  • Fabricated structural metal bar joists and concrete reinforcing bars
  • Fabricated structural metal for bridges, tunnels and subways
  • Industry Activities
  • Manufacturing fabricated structural metal bar joists
  • Manufacturing fabricated structural concrete reinforcing bars
  • Manufacturing fabricated structural metal for bridges
  • Manufacturing other fabricated structural metal
  • 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
  • Government funding for highways
  • Price of electric power
  • World price of steel
  • Trade-weighted index

  • Current Performance
  • Brick by brick
  • Profitability is constrained
  • Rising trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising nonresidential construction spurs growth
  • Industry expansion
  • Trade trends
  • Table: Fabricated Structural Metal Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Industrial Building Construction
  • Bridge & Elevated Highway Construction
  • Steel Framing
  • Aircraft, Engine & Parts Manufacturing
  • Ship Building
  • Commercial Building Construction

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

  • Products & Services
  • Other
  • Fabricated structural metal bar joists and concrete reinforcing bars
  • Fabricated structural metal for bridges, tunnels and subways
  • Chart: Fabricated Structural Metal Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Infrastructure and Industrial Building construction
  • Nonresidential and other construction
  • Exports
  • Chart: Major Market Segmentation for the Fabricated Structural Metal Manufacturing Industry

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

  • Basis of Competition
  • Internal competition
  • External competition

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

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Fabricated Structural Metal 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 Fabricated Structural Metal Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (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
    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.
  • Vertical Integration
  • This occurs when a company expands its business to include upstream markets. Vertical integration can reduce costs and improve efficiency.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Fabricated Structural Metal Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Fabricated Structural Metal Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

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

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