$63.5bn
$X.Xbn
157k
10,149
$XX.Xbn
Structural metal product manufacturers struggled through the current period. While strong economic growth has led to greater capacity, the COVID-19 pandemic and high interest rates have caused pronounced revenue drops. Despite this, recovering demand from downstream markets, including construction, aerospace and infrastructure industries, has uplifted structural metal manufacturers, staving off more significant interest rate-related declines. Even so, manufacturers have contended with volatile input costs, an appreciating US dollar and the impact of the US-China trade war. Structural Metal Product Manufacturing industry revenue has inched downward at a CAGR of 0.2% over the past five years and is expected to total $63.5 billion in 2024, when revenue will jump by an estimated 1.1%.
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $63.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Nucor Corporation | 5,843.8 | 486.1 | 8.3 | |
Arconic Corporation | 3,261.9 | -131.9 | -4.0 | |
Gerdau S.A. | 2,617.9 | 151.3 | 5.8 |
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Structural Metal Product Manufacturing in the US
Industry revenue is measured across several distinct product and services lines, including Fabricated structural metal products (nonconstruction), Fabricated metal plate work products and Prefabricated metal building and components. Fabricated structural metal products (nonconstruction) is the largest segment of the Structural Metal Product Manufacturing in the US.
Fabricated structural metal products for construction remains the industry's largest segment
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.
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NAICS 33231 - Structural Metal Product Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Although rising interest rates have posed challenges for construction markets, industry manufacturers still thrive. This success is mainly because of increased government spe...
Learn about an industry's products and services, markets and trends in international trade.
Fabricated structural metal products continue to dominate as the industry's largest segment. Metal plates and building components represent substantial demand, highlighting t...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Structural metal product manufacturers often choose locations close to suppliers, which makes the Southeast a preferred area. This proximity allows them to acquire raw materi...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competitive pricing is essential for attracting customers in the low-margin structural metal product industry. Manufacturers must consistently deliver a variety of high-quali...
Learn about the performance of the top companies in the industry.
The structural metal product manufacturing industry is highly fragmented, featuring many small to medium-sized companies. However, Nucor Corporation stands out with a larger-...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Manufacturers of structural metal products must comply with stringent environmental and noise regulations. These include the Clean Water Act, Resource Conservation and Recove...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Purchases represent the most significant expenditure for manufacturers of structural metal products. The rising and unpredictable costs of raw materials have increased these ...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Structural Metal Product Manufacturing in the US industry in United States is $63.5bn in 2024.
There are 10,149 businesses in the Structural Metal Product Manufacturing in the US industry in United States, which has grown at a CAGR of 1.7 % between 2019 and 2024.
The market size of the Structural Metal Product Manufacturing in the US industry in United States has been declining at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the Structural Metal Product Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Structural Metal Product Manufacturing market in United States are Nucor Corporation, Arconic Corporation and Gerdau S.A.
Fabricated structural metal products (nonconstruction) and Fabricated metal plate work products are part of the Structural Metal Product Manufacturing in the US industry.
The company holding the most market share in United States is Nucor Corporation.
The level of competition is moderate and increasing in the Structural Metal Product Manufacturing in the US industry in United States.