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Steel Framing in the US - Industry Market Research Report

  • June 2017
  • 36 pages
  • Ibisworld
Report ID: 499266

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Structural integrity: Increased investment and downstream demand will boost industry revenue

Abstract
Steel Framing in the US

Demand for Steel Framing industry services swelled in the mid-2000s, driven by the upswing of investment in key nonresidential building and infrastructure markets. Afterward, the economic recession and the subsequent slump of investment in the commercial and industrial building markets significantly hampered the industry’s performance. In 2012, demand for industry services stabilized and returned to growth with the aid of improving residential and nonresidential construction markets. Moving forward, the industry is expected to enter a period of sustained growth over the next five years. This recovery will correspond with a long-awaited stabilization in US construction. Anticipated long-term improvements in investment in the transportation and institutional construction markets will also support demand for structural steel erection.

This industry comprises contractors that install steel and precast concrete to produce structural elements, building exteriors and elevator fronts. The industry also includes the installation of other steel products (e.g. setting rods, bars, rebar, mesh and cages) to reinforce poured-in-place concrete, cooling towers and metal storage tanks. The structural steel erection work performed includes new work, additions, alterations, reconstruction, maintenance and repairs.

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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Related Market Segments :

Construction
Steel

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