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Structural Metal Product Manufacturing in the US - Market Research Report

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    Report

  • 93 Pages
  • December 2024
  • Region: United States
  • IBISWorld
  • ID: 239467

Good bones: The industry will benefit from reduced import penetration

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.

Structural metal product manufacturing revenue exhibits mixed results through the end of 2023. Strong economic growth has caused the industry's capacity to expand during the five-year period. However, the effects of the COVID-19 pandemic have muted growth. Still, growing demand from the industry's downstream markets, including construction, aerospace and infrastructure industries, has supported demand for structural metal products over the past five years. Concurrently, the industry has contended with volatile input costs, an appreciating US dollar and the effects of the US-China trade war. Structural metal product manufacturing revenue has contracted at a CAGR of 2.5% to $55.2 billion over the past five years, pushed down by a 1.9% decrease in 2023 alone. 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, containment vessels and prefabricated metal buildings. The majority of industry products are used in nonresidential building and utility construction.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Nucor Corporation
  • Arconic Corporation
  • Gerdau S.A.
  • Commercial Metals Company
  • Messer Group GmbH
  • O'neal Industries, Inc.

Methodology

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