Ornamental & Architectural Metalwork Manufacturing in the US - Industry Market Research Report

For Decoration: Weaker Consumer Demand for Metalwork Products Will Hurt Revenue Growth

Ornamental and architectural metalwork manufacturers develop architectural metalwork including fences, handrails, balcony rails, screen doors, window guards and other architectural fittings. Through the end of to 2023, the industry expanded in line with domestic construction activity. Favorable economic conditions have encouraged nonresidential and residential construction activity. In particular, low interest rates have facilitated investment as the low cost of borrowing bolstered the potential profitability. Still, these trends were derailed by the economic effects of the COVID-19 pandemic. Also, volatile steel and aluminum prices have hindered industry selling prices, further constraining revenue. Ornamental and architectural metalwork manufacturing revenue has inched downward at a CAGR of 0.4% over the past five years and is expected to total $9.3 billion in 2023, when revenue will fall by an estimated 2.1%. Profit has also declined due to rising wage costs. Operators in this industry fabricate, sell, repair and install ornamental metalwork, including fences, handrails, balcony rails, screen doors and window guards, among other architectural products. 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.