Overview

Nerves of steel: Revenue has fallen due to strong import competition and falling demand

IBISWorld’s Structural Steel Fabricating 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.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Domestic demand for structural steel fabricated products is expected to decline
  • The industry's profit margin is expected to have narrowed substantially over the past five years
  • Investment in large-scale multi-storey building construction will drive structural steel demand

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    Industry Analysis & Industry Trends

    The Structural Steel Fabricating industry's performance is tied to trends in downstream construction markets. This relationship has become less direct over the past five years due to surging import penetration from low-cost producers. Over the past five years, subdued investment in total building construction has adversely affected demand for structural steel products. However, some manufacturers derived sales growth from heavy industry and other non-building construction markets, which demonstrated strong demand growth through to a peak in 2013-14. However, sales of structural steel products to key infrastructure markets have slumped dramatically in recent years as major projects have been completed...

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    Industry Report - Starting a New Business Chapter

    Barriers to entry into the industry vary between the product segments based on the complexity and capital intensity of the manufacturing process. For example, barriers are relatively low at the less skilled end of the market, specialising in the manufacture of relatively simple and generic products such as reinforcing rods. While barriers to new entrants are significant for segments that require high levels of investment into capital equipment. The labour required by these types of operators is not generally highly skilled and is therefore easier to attract.

    The sheer size of the two largest players makes it difficult for new operators to enter the industry and compete. This adds another barrier for a potential industry investor. Blu..

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    Additional Insights for the Structural Steel Fabricating Industry

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

  • Access to highly skilled workforce
  • Proximity to key markets
  • Marketing of differentiated products
  • IBISWorld analysts also discuss how external factors such as Demand from non-residential building construction and Demand from heavy industry and other non-building construction in the Structural Steel Fabricating industry impact industry performance..

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    Industry Products

    What is the Structural Steel Fabricating Industry?

    Industry firms manufacture structural steel components that are incorporated in buildings or other structures.

    Industry Products
    Rolled form structural framework
    Reinforcing rods and bars
    Reinforcing mesh and wire
    Other fabricated steel products
    Iron and steel bridges
    Industry Activities
    Fabricated structural steel
    Prefabricated steel girder and joist
    Perforated steel plate
    Prefabricated structural steel part
    Reinforcing mesh of welded steel
    Reinforcing steel rods
    Rolled form structural framework products
    Prefabricated steel roof truss
    Prefabricated steel scaffolding

    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 heavy industry and other non-building construction
  • Demand from residential building construction
  • Demand from road and bridge construction
  • Trade-weighted index
  • Domestic price of iron and steel

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Structural Steel Fabricating Industry Revenue Outlook

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

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • House Construction
  • Multi-Unit Apartment and Townhouse Construction
  • Road and Bridge Construction
  • Heavy Industry and Other Non-Building Construction
  • Structural Steel Erection Services
  • Commercial and Industrial Building Construction
  • Institutional Building Construction

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing

  • Products & Services
  • Rolled form structural framework
  • Other fabricated steel products
  • Reinforcing rods and bars
  • Reinforcing mesh and wire
  • Iron and steel bridges
  • Chart: Structural Steel Fabricating Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Non-residential building contractors and developers
  • Non-building construction firms
  • Wholesalers
  • Residential building firms
  • Other industries
  • Chart: Major Market Segmentation for the Structural Steel Fabricating 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 Fabricating

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Structural Steel Fabricating Industry

  • Industry Globalization
    Major Companies
    BlueScope Steel LimitedArrium Limited
  • Table: BlueScope Steel Limited - financial performance
  • Table: Arrium Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Structural Steel Fabricating 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 Fabricating 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
    Girders
  • Supporting structures that function like joists with their strengths enhanced by different cross-sectional shapes.
  • Joists
  • Horizontal supporting structures that usually span between two walls or two supporting beams.
  • Trusses
  • Triangular-shaped support structures made up of straight rods or beams connected at their joints.
  • 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 Fabricating:
    • 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 Fabricating 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 Fabricating, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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