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Fabricated Metal Product Manufacturing
First Research, April 2012, Pages: 10
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Executive Summary
Brief Excerpt from Industry Overview Chapter:
The US fabricated metal product manufacturing industry includes about 55,000 companies with about $295 billion in combined annual revenue. Major companies in specialty segments include Ball Corporation, Flowserve, Mueller Industries, Snap-On, and The Timken Company. Because of the special manufacturing processes involved for individual parts, most companies make a limited range of products. The industry as a whole is fragmented: the largest 50 companies account for about 20 percent of revenue. But concentration can be high in industry segments such as boiler, cutlery, metal can, and spring manufacturing.
Globally, the fabricated metal product manufacturing industry generates about $1.5 trillion in annual revenue. Top producers include the US, China, Japan, Germany, Italy, and Canada. Major companies based outside the US include Schaeffler Technologies (Germany), Toyo Seikan Kaisha (Japan), and Jiangsu Guotai International (China).
For more information on some key components of the fabricated metal product manufacturing industry, please also see the following industry profiles: Architectural & Structural Metals Manufacturing; Gun & Ammunition Manufacturing; Handtool, Cutlery & Flatware Manufacturing; Machine Shops; Metal Coating, Engraving & Heat Treating; and Metal Valve & Pipe Fitting Manufacturing.
COMPETITIVE LANDSCAPE
Demand is driven largely by the needs of other industrial companies and is therefore linked to economic growth. The profitability of individual companies depends on technical expertise and efficient manufacturing. Large companies have economies of scale in purchasing raw materials. The specialized nature and use of many products allows smaller companies to compete effectively....
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