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Structural Metal Product Manufacturing in the US Industry Data and Analysis
Over the past five years, the industry has exhibited strong growth, with revenue surging. Labor and depreciation costs increased; however, revenue growth outpaced these expenses, leading to a profit increase. Demand from downstream construction markets was vital as increased building and infrastructure projects bolstered demand for structural metal products. Many companies have invested in automated welding and CNC machining technologies to meet these growing requirements. The construction of commercial and residential buildings contributed significantly to increased orders. Rising demand in the automotive sector added fuel to growth as manufacturers sought lightweight yet robust metal products. Companies focused on maintaining competitive pricing while enhancing product quality through improved production techniques. Industry companies use lean manufacturing principles to reduce waste and improve efficiency. Investments in software for supply chain management helped optimize resource allocation. Adaptation to market demands and economic conditions has been crucial, reflecting a robust position.
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What's included in this industry analysis
IBISWorld's research coverage on the Structural Metal Product Manufacturing industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Structural Metal Product Manufacturing industry in the United States operates under the NAICS industry code 33231. Operators in this industry manufacture structural metal products, including 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. Related terms covered in the Structural Metal Product Manufacturing industry in the United States include reinforcing bar (rebar), joist and culvert.
What's included in this industry?
Products and services covered in Structural Metal Product Manufacturing industry in the United States include Fabricated structural metal products (nonconstruction), Fabricated metal plate work products and Prefabricated metal building and components.
What companies are included in this industry?
Companies covered in the Structural Metal Product Manufacturing industry in the United States include Arconic Corporation, Nucor Corporation and Commercial Metals Company.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Structural Metal Product Manufacturing industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Structural Metal Product Manufacturing industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Structural Metal Product Manufacturing industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Structural Metal Product Manufacturing industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Structural Metal Product Manufacturing industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Structural Metal Product Manufacturing industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Structural Metal Product Manufacturing industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Structural Metal Product Manufacturing industry in the United States.
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Frequently Asked Questions
What is the market size of the Structural Metal Product Manufacturing industry in the United States in 2026?
The market size of the Structural Metal Product Manufacturing industry in the United States is $95.2bn in 2026.
How many businesses are there in the Structural Metal Product Manufacturing industry in the United States in 2025?
There are 10,587 businesses in the Structural Metal Product Manufacturing industry in the United States, which has grown at a CAGR of 2.5 % between 2020 and 2025.
How may import tariffs affect the Structural Metal Product Manufacturing industry in the United States?
The Structural Metal Product Manufacturing industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Structural Metal Product Manufacturing industry in the United States?
The Structural Metal Product Manufacturing industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Structural Metal Product Manufacturing industry in the United States grown or declined over the past 5 years?
The market size of the Structural Metal Product Manufacturing industry in the United States has been growing at a CAGR of 9.4 % between 2020 and 2025.
What is the forecast growth of the Structural Metal Product Manufacturing industry in the United States over the next 5 years?
Over the next five years, the Structural Metal Product Manufacturing industry in the United States is expected to grow.
What are the biggest companies in the Structural Metal Product Manufacturing industry in the United States?
The biggest companies operating in the Structural Metal Product Manufacturing industry in the United States are Arconic Corporation, Nucor Corporation and Commercial Metals Company
What does the Structural Metal Product Manufacturing industry in the United States include?
Fabricated structural metal products (nonconstruction) and Fabricated metal plate work products are part of the Structural Metal Product Manufacturing industry in the United States.
Which companies have the highest market share in the Structural Metal Product Manufacturing industry in the United States?
The company holding the most market share in the Structural Metal Product Manufacturing industry in the United States is Arconic Corporation.
How competitive is the Structural Metal Product Manufacturing industry in the United States?
The level of competition is moderate and increasing in the Structural Metal Product Manufacturing industry in the United States.
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