Fabricated Structural Metal Manufacturing in the US - Industry Research Report

Solid Structure: Rising Construction Activity is Expected to Boost Demand for Industry Products

Over the past five years, revenue for the Fabricated Structural Metal Manufacturing industry grew only marginally. The industry has stagnated over the past five years because of heavy setbacks on either side of 2021. The COVID-19 pandemic and shutdown of the US economy halted industrial production and slowed construction projects, resulting in reduced demand for industry goods. The industry ramped back up amid the 2021 revitalization of the economy, however like a heartbeat it has since declined to reach only slightly above pre-pandemic levels. Overall, industry revenue has been stagnant over the past five years, reaching an estimated $42.4 billion in 2023. This includes an expected decline of 4.8% in 2023 alone.

This industry fabricates structural metal products, such as assemblies of concrete reinforcing bars and fabricated bar joists.

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.