Seal of approval: Revenue is set to return to growth due to strong demand for metal closures

The Sheet Metal Product Manufacturing industry has performed poorly over the past five years. Subdued demand conditions across many of the industry's key downstream construction and manufacturing markets, alongside surging competition from imports, have led to a steep decline in industry revenue. Industry revenue is expected to decline at an annualised 6.9% over the five years through 2018-19, to $1.5 billion. This includes a decline of 3.6% in 2018-19. Industry profitability has also declined over the period. These trends largely reflect declines in demand from the industry's major downstream markets.The industry has also struggled against increasing competition from low-cost more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry operators have faced subdued demand conditions across several downstream markets
  • Revenue has fallen due to import competition and subdued trends in downstream building markets
  • Domestic manufacturers will likely struggle to compete on price with cheaper imports
  • Industry Report - Industry Investment Chapter

    The industry displays a low level of capital intensity. For every dollar spent on capital, the industry is estimated to spend $12.30 on wages in 2018-19. While industry firms still heavily depend on labour, capital intensity has increased over the past five years as industry operators have invested in automating production processes. Capital intensity varies among industry firms depending on the type of sheet metal products manufactured. Some larger and more technically advanced manufacturers extensively use expensive metal cutting, routing, bending and stamping machinery, including computer numerically controlled equipment.Segments that benefit from economies of scale tend to have higher capital intensity across their operations. Pro...purchase to read more.

    Additional Insights for the Sheet Metal Product Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Sheet Metal Product Manufacturing are:

  • Economies of scale
  • Access to the latest available and most efficient technology and techniques
  • Access to high quality inputs
  • IBISWorld analysts also discuss how external factors such as Demand from air conditioning and heating services and Demand from beverage manufacturing in the Sheet Metal Product Manufacturing industry impact industry performance..

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    What's in this report

    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
  • Other products
  • 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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from air conditioning and heating services
  • Demand from beverage manufacturing
  • Demand from manufacturing
  • Demand from non-residential building construction
  • Domestic price of iron and steel

  • Current Performance
  • Revenue and profitability
  • Competition
  • Steel prices
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving demand conditions
  • Industry profitability
  • 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

  • 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 products
  • 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 markets
  • Chart: Major Market Segmentation for the Sheet Metal Product Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Sheet Metal Product Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Computer Numerically Controlled
  • A form of programmable automation in which process is controlled by numbers, letters and symbols
  • 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.
  • Hoppers
  • A large, pyramidal shaped container used in industrial processes to hold particulate matter that has been collected from expelled air.
  • Sanitary Ware
  • Plumbing fixtures such as sinks, bathtubs and associated products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Sheet Metal Product Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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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