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Structural Metal Product Manufacturing in the US - Industry Market Research Report

  • September 2017
  • 36 pages
  • Ibisworld
Report ID: 198755

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

Abstract

Structural Metal Product Manufacturing in the US

The Structural Metal Product Manufacturing industry manufactures products used for nonresidential building construction, utilities and infrastructure construction and various manufacturing applications. Consequently, industry revenue 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. This trend raises industry revenue while keeping profit margins intact, as costs are passed downstream. Over the five years to 2022, IBISWorld expects revenue to grow, influenced by accelerating construction markets and volatile, yet increasing, steel prices. Still, certain challenges are on the horizon. Import penetration is likely to remain intense, even as the export market grows.


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.


This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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