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Structural Metal Product Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 2511 June 2024 Spotlight Report

Revenue

€172.6bn

2019-2024 4.4 %
2024-2029 X.X %

Employees

2m

2019-2024 4.0 %
2024-2029 X.X %

Businesses

221k

2019-2024 7.0 %
2024-2029 X.X %

Profit

€XX.Xbn

2019-2024 X.X %

Profit Margin

X.X%

2019-2024 X.X pp

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Structural Metal Product Manufacturing in Europe industry analysis

The Structural Metal Product Manufacturing industry is heavily reliant on the performance of its key markets on the construction activity across the continent. From putting together frameworks for residential homes, offices and entertainment venues to manufacturing metal doors and windows, the output of this industry plays a key role in shaping Europe's urban landscape. With Europe's construction sector gaining momentum, manufacturers have benefitted from the rise in commercial building activity, partly fuelled by the growth of businesses in the e-commerce sector needing more warehouse space. Over the five years through 2024, revenue is set to slide at a compound annual rate of 4.4% to €172.6 billion, including a 3.1% drop in 2024.

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Industry Statistics and Trends

Structural Metal Product Manufacturing in Europe key trends

Structural metal product manufacturers see their revenue fall.

 

Macroeconomic headwinds, including rising inflation, supply chain difficulties, surging raw material prices and rising interest rates, have eaten into sales.

Earmarked investment for residential buildings supports demand.

 

The construction of residential buildings (houses and flat blocks) makes extensive use of metal structures, so increased housebuilding in the coming years will aid demand and revenue growth.

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Structural Metal Product Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Structural Metal Product Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 4.4 % over the past five years, to reach an estimated €172.6bn in 2024.

Trends and Insights

European construction activity dictates structural metal product manufacturers’ sales

  • The performance of the European construction sector is the predominant determinant of demand for structural metal products and parts. This includes work on residential houses, office complexes, schools, factories and entertainment and health facilities.

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Structural Metal Product Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Commercial construction looks set to prosper

  • The construction of commercial buildings (like offices and shopping centres) makes extensive use of metal structures. Earmarked investment for commercial office buildings is set to support demand and spur revenue growth.

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Revenue

€172.6bn

2019-2024 4.4 %
2024-2029 X.X %

Employees

2m

2019-2024 4.0 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 4.0 % *
  • Job Growth

Top 5 Countries

  1. Russia +14.9%
  2. Romania +13.5%
  3. Netherlands +11.3%
  4. Bulgaria +10.0%
  5. Hungary +7.2%

Bottom 5 Countries

  1. Turkey -10.1%
  2. Norway -2.0%
  3. Sweden -1.4%
  4. Iceland -1.4%
  5. Belgium -0.6%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Structural Metal Product Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Kingspan Group plc
6,830.0
835.2
12.2
Peri GmbH
2,225.0
410.0
18.4
Tata Steel Ltd
26,500.0
2,700.0
10.2

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Structural Metal Product Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Structural Metal Product Manufacturing industry in Europe in 2024?

The market size of the Structural Metal Product Manufacturing industry in Europe is €172.6bn in 2024. 

How many businesses are there in the Structural Metal Product Manufacturing in Europe industry in 2024?

There are 221k businesses in the Structural Metal Product Manufacturing industry in Europe, which has grown at a CAGR of 7.0 % between 2019 and 2024.

Has the Structural Metal Product Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Structural Metal Product Manufacturing industry in Europe has been declining at a CAGR of 7.0 % between 2019 and 2024. 

What is the forecast growth of the Structural Metal Product Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Structural Metal Product Manufacturing industry in Europe is expected to decline.

What are the biggest companies in the Structural Metal Product Manufacturing market in Europe?

The biggest companies operating in the Structural Metal Product Manufacturing market in Europe are Kingspan Group plc, Peri GmbH and Tata Steel Ltd

What does the Structural Metal Product Manufacturing in Europe include?

Metal frameworks for construction and Metal parts for construction are part of the Structural Metal Product Manufacturing industry.

Which companies have the highest market share in the Structural Metal Product Manufacturing in Europe?

The company holding the most market share in Europe is Kingspan Group plc.

Which countries have the most businesses in the Structural Metal Product Manufacturing industry in Europe?

The European country with the most businesses in the Structural Metal Product Manufacturing industry is Russia.

How competitive is the Structural Metal Product Manufacturing industry in Europe?

The level of competition is high and increasing in the Structural Metal Product Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in this industry manufacture metal structures like metal frameworks, parts for construction and industrial frameworks or skeletons. Steel beams, purlins, trusses and brackets are essential for constructing multi-storey buildings, wide-span structures and roofs. Prefabricated metal buildings are used for applications ranging from classrooms, tourist cabins and sports venues to site offices and public toilets. The industry also includes companies that manufacture metal doors, windows and frames.

Related Terms

PURLINBEAMCOLD-ROLLED STRUCTURAL SHAPES

What's included in this industry?

Metal frameworks for constructionMetal parts for constructionMetal frameworks for industrial usePrefabricated buildingsMetal doors, windows and frames

Companies

Kingspan Group plcPeri GmbHTata Steel Ltd

Industry Code

ISIC 2006

2511 - Manufacture of structural metal products in Europe

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Performance

Key Takeaways

European construction activity dictates structural metal product manufacturers’ sales

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Structural Metal Product Manufacturing in Europe industry (2011 -2029)
  • Employees in the Structural Metal Product Manufacturing in Europe industry (2011 -2029)
  • Business in the Structural Metal Product Manufacturing in Europe industry (2011 -2029)
  • Profit in the Structural Metal Product Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Structural Metal Product Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Structural Metal Product Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Structural Metal Product Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Structural Metal Product Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Demand for metal frameworks for construction inches upwards. Despite a drop in demand from the construction sector in 2020 thanks to the COVID-19 pandemic, sales have since recovered due to investment in transport infrastructure and growth in construction activity.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Structural Metal Product Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Structural Metal Product Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Structural Metal Product Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Manufacturers compete on price, quality and brand recognition. The homogeneous nature of their products means there’s little else that can set them apart. For specialised metal structures (like curtain wall brackets), brand recognition and technical expertise determine demand.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Kingspan Group plc
  • Countries of operation for Peri GmbH
  • Countries of operation for Tata Steel Ltd
  • Countries of operation for Kone Oyj
  • Countries of operation for Eiffage SA
  • Countries of operation for Lindab International AB
  • Countries of operation for Van Merksteijn International BV
  • Countries of operation for Hormann KG Verkaufsgesellschaft
  • Countries of operation for Hörmann KG Verkaufsgesellschaft
  • Countries of operation for PREFA Aluminiumprodukte GmbH

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulation pushes towards a greener steel industry. Government regulations and policy initiatives are steering the industry towards more sustainable and environmentally friendly practices. Both legislative mandates and incentives are driving this shift.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Structural Metal Product Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Construction markets play a big role in determining profit. Profit fell in 2020-21 due to the effects of COVID-19 on downstream markets, which included supply chain disruptions, commodity price shocks and nationwide lockdowns.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Structural Metal Product Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.