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

IBISWorld’s Structural Steel Erection Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.


Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Annual Growth
2012 - 2017
Annual Growth
2017 - 2022

Industry Threats & Opportunities

  • Investment in infrastructure and mining projects, along with work on apartments, has driven demand
  • Contractors generated work from unprecedented investment in infrastructure projects
  • Road and bridge construction is forecast to grow in the short-term, supporting the industry

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    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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    Additional Insights for the Structural Steel Erection Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Structural Steel Erection Services Industry are

  • Having a good reputation
  • Having contacts within key markets
  • Having a high profile in the market
  • IBISWorld analysts also discuss how external factors such as Demand from commercial and industrial building construction and Demand from heavy and civil engineering construction in the Structural Steel Erection Services industry impact industry performance..

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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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Demand from commercial and industrial building construction
  • Demand from heavy and civil engineering construction
  • Actual capital expenditure on mining
  • Demand from institutional building construction
  • Demand from multi-unit apartment and townhouse construction
  • year bond rate

  • Current Performance
  • Commercial construction recovery
  • Strong infrastructure markets
  • Apartment construction growth
  • Chart: Revenue Growth

  • Industry Outlook
  • Building and infrastructure markets
  • Profit and job growth
  • Table: Structural Steel Erection Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Structural Steel Erection Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Mining
  • Electricity, Gas, Water and Waste Services
  • Multi-Unit Apartment and Townhouse Construction
  • Heavy Industry and Other Non-Building Construction
  • Commercial and Industrial Building Construction

  • Key Selling Industries
  • Machinery and Scaffolding Rental
  • Metal and Mineral Wholesaling
  • Structural Metal Product Manufacturing
  • Structural Steel Fabricating

  • Products & Services
  • Welding work and fabrication
  • Maintenance and repair
  • Assembly work
  • Chart: Structural Steel Erection Services Industry Products and Services Segmentation

  • Demand Determinants
  • Non-residential building construction
  • Non-building (or engineering) construction
  • Residential construction

  • Major Markets
  • Commercial building contractors and developers
  • Engineering construction contractors, developers and owners
  • Residential building contractors and developers
  • Chart: Major Market Segmentation for the Structural Steel Erection Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Structural Steel Erection Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Structural Steel Erection Services Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Structural Steel Erection Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Structural Steel Erection Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Oxy-Acetane Welding System
  • A welding system that involves the application of a concentrated flame to the work piece to render it sufficiently molten.
  • Rigger
  • A person responsible for the rigging and safety issues involving the erection, positioning or dismantling of any building or structure.
  • Steel Fabricator
  • A person or firm engaged in fabricating structural steel components for incorporation in buildings or other structures.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Structural Steel Erection Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Structural Steel Erection Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Structural Steel Erection Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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