Overview

Nerves of steel: Demand from beverage manufacturers provides a growth opportunity

The Sheet Metal Product Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth
2012 - 2017
-4.7%
Annual Growth
2017 - 2022
Profit
Employment
8,145
Business
1,200

Industry Threats & Opportunities

  • The industry has faced subdued demand conditions across several building markets
  • Revenue has fallen due to import competition and subdued trends in downstream building markets
  • Firms will continue to be exposed to competition from product substitution and imports

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    Industry Analysis & Industry Trends

    The Sheet Metal Product Manufacturing industry produces a range of sheet metal products for numerous downstream customers. Industry firms manufacture products such as ventilation ducts and benchtops, closures for wine and beer bottles, hoppers to store grain and minerals, and kitchen sinks. Manufacturers are typically small in scale and target narrow regional or product markets. The industry has been characterised by strong and increasing competition over the past five years, forcing many smaller enterprises to exit.

    The industry has performed poorly over the past five years as manufacturers have struggled to compete against low-cost imports...

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    Industry Report - Industry Investment Chapter

    The industry displays a low level of capital intensity. The industry allocates $15.24 on wage payments for the labour input to production for every dollar invested in capital. Capital intensity varies depending on the type of sheet metal products that are manufactured but there is generally a limited degree of production automation and labour input requirements are considerable. Some of the larger and more technically advanced manufacturers make extensive use of expensive metal cutting, routing, bending and stamping machinery, including computer numerically controlled (CNC) equipment.

    Segments that benefit from economies of scale tend to have a higher level of capital intensity throughout their operations. Pro..

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    Additional Insights for the Sheet Metal Product Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Sheet Metal Product Manufacturing Industry are

  • Economies of scale
  • Access to automated technology
  • Availability of inputs to production
  • IBISWorld analysts also discuss how external factors such as Demand from non-residential building construction and Demand from air conditioning and heating services in the Sheet Metal Product Manufacturing industry impact industry performance..

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    Industry Products

    What is the Sheet Metal Product Manufacturing Industry?

    Industry firms primarily manufacture sheet metal products such as pressed or spun holloware, air ducts and bottle closures. Firms that mainly manufacture metal containers and other structural metal products are excluded from the industry.

    Industry Products
    Commercial and industrial building products
    Sheet metal closures
    Sheet metal bathroom fittings
    Hoppers
    Industry Activities
    Metal bottle closure and crown seal
    Sheet metal chute
    Coppersmithing
    Sheet metal bathroom fitting
    Air conditioning ductwork
    Sheet metal duct, funnel and machine guard
    Metal eyelet
    Pressed or spun metal holloware
    Motor vehicle number plate
    Sheet metal stovepipe and ventilator

    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 non-residential building construction
  • Demand from air conditioning and heating services
  • Demand from beverage manufacturing
  • Demand from manufacturing
  • Domestic price of iron and steel

  • Current Performance
  • Key drivers of demand
  • Profitability tightens
  • Competition
  • Steel prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand drivers
  • Profit and jobs growth
  • Import competition
  • Table: Sheet Metal Product Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Sheet Metal Product Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Agriculture, Forestry and Fishing
  • Beer Manufacturing
  • Wine Production
  • Plumbing Services
  • Air Conditioning and Heating Services
  • Commercial and Industrial Building Construction

  • Key Selling Industries
  • Aluminium Rolling, Drawing and Extruding
  • Iron Smelting and Steel Manufacturing

  • Products & Services
  • Commercial and industrial building products
  • Sheet metal closures
  • Sheet metal bathroom fittings
  • Other
  • Hoppers
  • Chart: Sheet Metal Product Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Plumbers and air conditioning contractors
  • Other manufacturers
  • Wholesalers and retailers
  • Food and beverage manufacturers
  • Construction contractors
  • Other
  • Chart: Major Market Segmentation for the Sheet Metal Product Manufacturing 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 Sheet Metal Product Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Sheet Metal Product Manufacturing Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Sheet Metal Product Manufacturing 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 Sheet Metal Product Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Cad-Cam
  • Computer-aided design computer-aided manufacture, the use of computers to design and to manage the manufacture of products.
  • Eyelet
  • A metal ring that is used to reinforce a small hole or perforation in shoes, tarps and sails.
  • Holloware
  • Items of pressed or spun metal such as bowls, coffee pots, teapots and platters.
  • Sanitary Ware
  • Plumbing fixtures such as sinks, bathtubs and associated products.
  • 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 Sheet Metal Product Manufacturing:
    • 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 Sheet Metal Product Manufacturing 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 Sheet Metal Product Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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