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Structural Metal Product Manufacturing in the US - Industry Market Research Report

  • ID: 239467
  • Report
  • April 2021
  • Region: United States
  • 42 pages
  • IBISWorld
Good Bones: The Industry is Anticipated to Benefit from Reduced Import Penetration

FEATURED COMPANIES

  • Arconic Corporation
  • Nucor Corporation
  • MORE

Structural Metal Product Manufacturing in the US

Over the five years to 2019, the Structural Metal Product Manufacturing industry has expanded, albeit with a moderate degree of revenue volatility. Growing demand from the industry's downstream markets, including residential and nonresidential construction, aerospace manufacturing and transportation infrastructure, has supported demand for structural metal products. However, the industry contended with volatile input costs as steel prices and other metal inputs were affected by severe imbalances of supply and demand occurring at the midpoint of the five-year period. Over the five years to 2024, IBISWorld expects industry revenue to grow due to continued demand from the construction and manufacturing sectors. Additionally, the industry is anticipated to benefit from reduced import penetration due to additional 25.0% tariffs placed on imported structural metal products.

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.

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.

Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Arconic Corporation
  • Nucor Corporation
  • MORE
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
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Nucor Corporation
  • Arconic Corporation
  • Gerdau Ameristeel Corporation
Note: Product cover images may vary from those shown

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