$270.4bn
$XX.Xbn
137k
8,405
$XX.Xbn
The success of the Metal Wholesaling industry hinges on downstream production and the prices of metals, including iron, steel and nonferrous metals, including copper or aluminum, which wholesalers distribute to downstream markets. Shifts in the prices of metals have a mixed impact on the industry, as higher prices increase purchase costs but make up for it by having a higher resale value. Low prices reduce the cost of stocking up but come with the risk of an insufficient return. Prices have been volatile since the COVID-19 pandemic, rising dramatically after an initial contraction. Metal Wholesaling industry revenue has inched downward at a CAGR of 0.1% over the past five years and is expected to total $270.4 billion in 2024, when revenue will fall by an estimated 0.4%. Profit has also dropped over the past five years amid rising purchase fees.
Industry revenue has declined at a CAGR of 0.1 % over the past five years, to reach an estimated $270.4bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Reliance Steel & Aluminum Co. | 14,093.3 | 1,948.9 | 13.8 | |
O'neal Industries, Inc. | 2,711.0 | 136.9 | 5.0 | |
Texas Iron & Metal | 27.6 | 3.7 | 13.3 |
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Industry revenue is measured across several distinct product and services lines, including Iron and steel products, Copper and brass products and Aluminum products. Iron and steel products is the largest segment of the Metal Wholesaling in the US.
Iron and steel products account for the majority of revenue
Metal wholesalers distribute primary metal products, both ferrous and nonferrous, to industrial and construction markets. Wholesalers maintain inventory and may perform functions, such as sawing and cleaning and also as part of the distribution service. However, metal wholesalers do not distribute precious metals, like gold, silver and platinum, nor do they distribute insulated wire or recyclable metal scrap.
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NAICS 42351 - Metal Wholesaling in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Volatile metal prices present a significant challenge for wholesalers, introducing substantial uncertainty in their pricing strategies. Stable prices allow for predictable ex...
Learn about an industry's products and services, markets and trends in international trade.
Many industries depend on large quantities of metals, including construction, manufacturing and retail. Metals' versatile applications, such as building infrastructure or cre...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Production centers require substantial quantities of metal to meet manufacturing demands, particularly in the automotive and oil and gas drilling industries. Metal wholesaler...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Wholesalers compete fiercely to attract and retain customers by offering the lowest prices and exceptional service. Securing advantageous contracts with producers and adding ...
Learn about the performance of the top companies in the industry.
Larger wholesalers dominate the market because of economies of scale, which allow them to lower per-unit costs through bulk purchasing and streamlined operations. They also b...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Upstream producers face stringent regulations to reduce the environmental impact of extraction processes, which increases operational costs. Meanwhile, downstream producers e...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Developing strong relationships with suppliers allows wholesalers to negotiate better terms and discounts. Also, timing purchases to coincide with market lows or special prom...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Metal Wholesaling in the US industry in United States is $270.4bn in 2024.
There are 8,405 businesses in the Metal Wholesaling in the US industry in United States, which has declined at a CAGR of 1.6 % between 2019 and 2024.
The market size of the Metal Wholesaling in the US industry in United States has been declining at a CAGR of 0.1 % between 2019 and 2024.
Over the next five years, the Metal Wholesaling in the US industry in United States is expected to decline.
The biggest companies operating in the Metal Wholesaling market in United States are Reliance Steel & Aluminum Co., O'neal Industries, Inc. and Texas Iron & Metal
Iron and steel products and Copper and brass products are part of the Metal Wholesaling in the US industry.
The company holding the most market share in United States is Reliance Steel & Aluminum Co..
The level of competition is high and steady in the Metal Wholesaling in the US industry in United States.