Industry Analysis & Industry Trends
The Structural Metal Product Manufacturing industry has faced several major challenges over the past five years. Demand for a range of industry products from downstream residential, commercial, industrial and institutional building construction markets has been subdued. As a result, industry revenue is expected to fall at a compound annual rate of 2.0% over the five years through 2014-15. Structural metal products manufactured by the industry include garage doors, window shutters, metal doors, door and window frames, railings, steel grating, and curtain walls. International trade is low in the industry, as structural metal components are typically very large and expensive to transport over long distances... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the declining stage of its economic life cycle. Demand for structural metal products has fallen over the past five years. Activity in downstream commercial and industrial building construction markets has been stagnant over this period, while activity in institutional building construction markets has decreased significantly.
Industry value added (IVA) is used to measure an industry's contribution to the overall economy. IVA is forecast to decline at a compound annual rate of 0.5% over the 10 years through 2019-20. The industry is therefore expected to underperform annualised GDP growth of 2.7% over the same period. This trend is characteristic of a declining industry... purchase to read more