|Last Quarterly Update:||1/23/2017|
|SIC Codes:||3441, 3442, 3443, 3444, 3446, 3448, 3449|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry manufacture metal framed windows and doors, sheet metal work, ornamental or architectural metal products, prefabricated metal buildings, and structural metal and metal plate work products. Major companies include Gibraltar Industries, NCI Building Systems, and Valmont Industries (all based in the US), as well as units of integrated metal producers such as Alcoa, Nucor, and US Steel (US); Arcelor Mittal (Luxembourg); JFE Holdings and Nippon Steel & Sumitomo Metal (Japan); Hebei Iron & Steel Group (China), and Tata Steel (India).
Demand for structural and architectural metals is driven by global construction activity. Worldwide construction is expected to grow nearly 4% per year through 2030, which should outpace global average GDP growth of about 3%, according to a report by Global Construction Perspectives and Oxford Economics sponsored by PwC.
The US architectural and structural metals manufacturing industry consists of about 11,500 companies with combined annual revenue of about $85 billion.
Demand depends primarily on the level of construction activity, particularly nonresidential. The profitability of individual companies depends on manufacturing efficiency and effective supply management. Large companies have economies of scale in purchasing materials and equipment. Smaller producers compete by focusing on specialized product offerings and responsive customer service to local markets. The US industry is fragmented: the 50 largest companies account for about a quarter of sales.
Producers of architectural and structural metals compete with producers of other building materials, ...
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