Overview

Steely performance: Revenue set to grow despite weak demand from infrastructure markets

IBISWorld’s Structural Steel Erection Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth
2012 - 2017
0.4%
Annual Growth
2017 - 2022
Profit
Employment
14,700
Business
3,975

Industry Analysis & Industry Trends

The Structural Steel Erection Services industry has grown slightly over the past five years. Structural steel is an integral part of many construction projects. Steel framing supports walls and roofs. Steel reinforcement is used with concrete to strengthen foundations, and tilt walls and pavements. Steel erection services are generally undertaken by contractors in the industry or prime construction firms, which employ skilled in-house tradespeople. The industry consists of many small-scale contracting firms that operate in narrow regional or niche service markets.

Industry revenue is expected to increase by an annualised 0.4% over the five years through 2016-17, to reach $4.6 billion...

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Industry Report - Industry Analysis Chapter

The Structural Steel Erection Services industry has endured a cyclical contraction in demand from the key infrastructure and residential building markets in recent years, which has flattened the industry’s performance over the past five years. Although contractors continue to generate work on commercial and industrial building projects, trading conditions have deteriorated markedly with the scaling back of investment in resource developments. As a result, industry revenue is only projected to increase by an annualised 0.4% over the five years through 2016-17, to reach $4.6 billion. This includes a sharp decline of 7.5% i..

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Industry Products

What is the Structural Steel Erection Services Industry?

Companies in this industry are engaged in the erection (including on-site fabrication) of metal silos, storage tanks or structural steel components for buildings or other structures such as bridges, overhead cranes and electricity transmission towers.

Industry Products
Welding work and fabrication
Assembly work
Maintenance and repair
Industry Activities
Welding work on construction projects
Reinforcing steel erection
Joining structural steel components, such as trusses
Erection and maintenance of storage tanks (including silos) and cooling towers
Erection and maintenance of metal and structural steel on buildings

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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