Cracks appear: Falling steel prices and increasing import penetration will constrain growth

IBISWorld expects industry revenue to increase marginally in 2017, in response to declining steel prices. Moving forward, IBISWorld expects this industry to recover fully from the impacts of the recession, with revenue expected to grow over the five years 2022. Strengthening demand will push selling prices up, albeit slowly, with price increases kept in check by heightened competition from other operators and from importers...purchase to read more.

Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 12-17
0.1%
Forecast Growth 17-22
Profit
Employment
37,067
Businesses
1,205
Market Share of Companies

Industry Threats & Opportunities

  • Rising import penetration from low-cost countries has further depressed prices and constrained growth
  • Utilities such as roadways are another major source of demand for rebar
  • Encouraged by rising profit, corporations will enter the industry and employment will grow
  • Industry Report - Industry SWOT Analysis Chapter

    The Concrete Reinforcing Bar Manufacturing industry is in the mature phase of its life cycle. IBISWorld expects the industry's value added (IVA), which measures an industry's contribution to the overall economy, to decrease at an annualized 0.5% over the 10 years to 2022. This is far below forecast GDP growth of 2.0% over the same period. This indicates a mature industry.Other aspects of this industry characteristic of maturity include a low level of technological change and homogeneity of product lines. In addition, rebar products are wholly accepted in downstream markets, with price forming the main basis of competition among operators. In addition, consolidation is expected over the 10-year period, with the number of enterprises dropping at an annualized 2.4%. Thi...purchase to read more.

    Additional Insights for the Concrete Reinforcing Bar Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Concrete Reinforcing Bar 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 Concrete Reinforcing Bar Manufacturing industry impact industry performance..

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    What's in this report

    What is the Concrete Reinforcing Bar Manufacturing Industry?

    This industry produces concrete reinforcing bars (rebar), which are steel rods installed inside concrete to increase its tensile strength and prevent cracking. Rebar is therefore found in a large percentage of concrete structures and is used heavily across construction markets. This industry also produces bar joists, which are similar in use but consist of an open web of a single bent bar running in zigzag pattern.

    Industry Products
  • Long rebar and joists
  • Short rebar and joists
  • Industry Activities
  • Manufacturing long span rebar and bar joists
  • Manufacturing short span rebar and bar joists
  • 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
  • Industrial production index
  • Government consumption and investment
  • Trade-weighted index

  • Current Performance
  • Recovering demand
  • Falling prices
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • New construction prompts full recovery
  • Steel prices rebound
  • International trade
  • Table: Concrete Reinforcing Bar Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Concrete Reinforcing Bar Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Bridge & Elevated Highway Construction
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Electric Power Transmission
  • Iron & Steel Manufacturing
  • Paint Wholesaling

  • Products & Services
  • Long rebar and joists
  • Short rebar and joists
  • Chart: Concrete Reinforcing Bar Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Transport infrastructure construction
  • Utilities infrastructure and nonresidential building construction
  • Exports
  • Chart: Major Market Segmentation for the Concrete Reinforcing Bar 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 Concrete Reinforcing Bar Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Concrete Reinforcing Bar Manufacturing Industry

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

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Concrete Reinforcing Bar 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 Concrete Reinforcing Bar 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
    Fabricate
  • To make by assembling parts or sections.
  • Joist
  • A steel bar bent into a zigzag pattern and used to form an open web; also used to reinforce concrete.
  • Rebar
  • A steel bar or rod used to reinforce concrete.
  • Vertical Integration
  • Expansion of business into areas that are at different points on the same production path.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Concrete Reinforcing Bar Manufacturing 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 Concrete Reinforcing Bar 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 Concrete Reinforcing Bar 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 Concrete Reinforcing Bar Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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