Steel at any price: Rising demand from construction markets has boosted industry revenue

The Structural Steel Fabricating industry’s products are integral components in a range of building and infrastructure projects. The industry produces girders and joists used in building framework, rods and bars used for reinforcing concrete, wire and mesh for reinforcing concrete, and specialist scaffolding and plate products. Trends in the downstream construction markets and manufacturing industries largely determine demand for structural steel products. Competition from low-priced steel imports and substitute structural products made from timber, concrete and other metals also affect industry revenue...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 14-19
5.5%
Forecast Growth 19-24
Profit
Employment
4,415
Businesses
286
Market Share of Companies

Industry Threats & Opportunities

  • Robust demand from construction markets has driven industry revenue growth
  • Imports are capturing an increasing share of domestic demand for structural steel products
  • Revenue growth is projected to slow due to weaker demand in key construction markets
  • Industry Report - Industry Key Buyers Chapter

    The Structural Steel Fabricating industry exhibits low market share concentration, with the four largest players projected to contribute less than 20.0% of industry revenue in 2018-19. However, the industry comprises many small-scale businesses that operate in narrow regional or niche product markets. Competition tends to be fierce on a regional basis. The four largest enterprises each employ over 100 people and undertake a range of activities in addition to steel fabrication, including product design, installation and industrial coatings. The degree of market share concentration has remained stable over the past five years...purchase to read more.

    Additional Insights for the Structural Steel Fabricating Industry

    IBISWorld has determined the most important Key Success Factors for the Structural Steel Fabricating are:

  • Proximity to key markets
  • Economies of scale
  • Ability to expand and curtail operations rapidly in line with market demand
  • IBISWorld analysts also discuss how external factors such as Demand from non-residential building construction and Demand from residential building construction in the Structural Steel Fabricating industry impact industry performance..

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    What's in this report

    What is the Structural Steel Fabricating in New Zealand Industry?

    Industry operators primarily manufacture structural steel components for buildings and other structures, such as scaffolding, rafters, plates, girders, joists and reinforcing mesh.

    Industry Products
  • Structural steel framework
  • Reinforcing rods and bars
  • Reinforcing mesh and wire
  • Scaffolding and parts
  • Other fabricated steel products
  • Industry Activities
  • Fabricated structural steel (ready-made parts for structures)
  • Prefabricated steel girder
  • Prefabricated steel joist
  • Prefabricated structural steel parts
  • Prefabricated steel rafter
  • Welded steel reinforcing mesh
  • Reinforcing steel rod (from wire bar or merchant bar)
  • Prefabricated steel roof truss
  • Prefabricated steel scaffolding
  • Perforated steel plate
  • 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 non-residential building construction
  • Demand from residential building construction
  • Demand from heavy and civil engineering construction
  • Trade-weighted index
  • World price of steel

  • Current Performance
  • Profit and jobs growth
  • Exposure to international trade
  • Exposure to product substitution
  • Demand drivers
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Construction drivers
  • Profitability and employment
  • Table: Structural Steel Fabricating Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • House Construction in New Zealand
  • Multi-Unit Apartment and Townhouse Construction in New Zealand
  • Road and Bridge Construction in New Zealand
  • Heavy Industry and Other Non-Building Construction in New Zealand
  • Metal and Mineral Wholesaling in New Zealand
  • Institutional Building Construction in New Zealand
  • Commercial and Industrial Building Construction in New Zealand

  • Key Selling Industries
  • Metal and Mineral Wholesaling in New Zealand

  • Products & Services
  • Structural steel framework
  • Other fabricated steel products
  • Reinforcing rods and bars
  • Reinforcing mesh and wire
  • Scaffolding and parts
  • Chart: Structural Steel Fabricating Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Non-residential building firms
  • Non-building construction firms
  • Residential building firms
  • Wholesales
  • Other industries
  • Chart: Major Market Segmentation for the Structural Steel Fabricating Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Distribution
  • Depreciation
  • Other
  • 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
    Culham Holdings (Whangarei) Limited,
  • Table: Culham Holdings (Whangarei) Limited - financial performance

  • 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
    Table: Industry Data for the Structural Steel Fabricating Industry
    Includes:
  • 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
    Cad
  • Computer-aided design involves the use of computer systems to optimise the creation, modification and analysis of a design.
  • Cnc
  • Computer numerical control production technology, which automates machine tools using computer programmed sequences under machine control.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Structural Steel Fabricating in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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
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    This report on Structural Steel Fabricating in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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