Structural Steel Erection Services in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: October 2023
ANZSIC E3224Revenue
$5.3bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
17,489
Businesses
4,495
Wages
$X.Xbn
Structural Steel Erection Services in Australia industry analysis
Structural steel is an integral part of many construction projects, with steel framing used to support walls and roofs on buildings and steel reinforcement used to produce tilt walls or strengthen concrete foundations. Steel erection contractors often compete for projects with skilled tradespeople working for prime construction companies. Investment trends in constructing high-rise or wide-span apartments and non-residential buildings or engineering infrastructure developments like road and rail bridges and tunnels, wind farms and power and communication transmission systems drive the industry’s performance.
Trends and Insights
- The COVID-19 pandemic has created weaknesses in key downstream markets. Firms have struggled in the face of declining demand from commercial building construction due to delayed and cancelled projects.
- Residential construction companies have faced difficult trading conditions during the COVID-19 pandemic, weakening demand for industry services. Soaring input costs and rising interest rates compounded problems during the pandemic.
- The industry is highly geographically diversified due to its range of downstream markets. Many firms operate in isolated agricultural or mining areas away from large urban centres.
- The industry largely consists of subcontractors. This limits market share concentration, although there has been a shift towards more employer enterprises over owner-operated businesses.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 1.2 % over the past five years, to reach an estimated $5.3bn in 2023.
Trends and Insights
Assembly work on industrial buildings has provided a mainstay for industry activity
- The non-residential building market has climbed as a source of industry revenue through 2024-25, reflecting recovering commercial building investment following a pandemic dip and underpinned by accelerated growth in industrial building construction.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Mounting population pressures will support residential building activity
- Structural steel erection contractors will benefit from improved activity in the residential building market, with investment focused on high-rise apartments and large-scale townhouse developments to meet mounting population pressures.
Biggest companies in the Structural Steel Erection Services in Australia
| Company | Market Share (%)
2025 | Revenue ($m)
2025 |
|---|---|---|
SRG Global | 79.0 | |
Alfasi Steel Constructions Pty Ltd | 52.7 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Welding work and fabrication, Assembly work and Maintenance and repair. Welding work and fabrication is the largest segment of the Structural Steel Erection Services in Australia.
Trends and Insights
Welding provides a stable platform for steel erection contractors
- Welding is bonding two similar metals by heating each to a molten state and fusing them. On-site welding and fabrication work includes joining structural steel components, like prefabricated trusses and beams, using welding equipment and fabricating metal components to final specifications before assembly.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- House Construction in Australia
- Multi-Unit Apartment and Townhouse Construction in Australia
- Road and Bridge Construction in Australia
- Heavy Industry and Other Non-Building Construction in Australia
- Commercial and Industrial Building Construction in Australia
- Institutional Building Construction in Australia
Complementors
- There are no industries to display.
International industries
- Steel Framing in the US
- Concreting, Bricklaying and Roofing Services in New Zealand
- Bricklaying & Other Specialised Construction Services in the UK
- Building Construction in China
Table of Contents
About this industry
Industry definition
Industry companies primarily erect metal silos, storage tanks or structural steel components for buildings or other structures such as bridges, overhead cranes and electricity transmission towers. This can also include the on-site fabrication of these materials.
What's included in this industry?
Welding work and fabricationAssembly workMaintenance and repairCompanies
SRG GlobalAlfasi Steel Constructions Pty LtdPurchase this report to view all 2 major companies in this industry.
Related Terms
STEEL FABRICATORTIGOXY-ACETYLENE WELDING SYSTEMMIGPPEWET HIREIndustry Code
ANZSIC 3224 - Structural Steel Erection Services in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The COVID-19 pandemic has created weaknesses in key downstream markets. Firms have struggled in the face of declining demand from commercial building construction due to dela...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Residential construction companies have faced difficult trading conditions during the COVID-19 pandemic, weakening demand for industry services. Soaring input costs and risin...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The industry is highly geographically diversified due to its range of downstream markets. Many firms operate in isolated agricultural or mining areas away from large urban ce...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The industry largely consists of subcontractors. This limits market share concentration, although there has been a shift towards more employer enterprises over owner-operated...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The industry is largely made up of small or non-employing subcontracting companies focusing on a specific geographic region or downstream sector. A lack of consolidation in t...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of SRG Global's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Alfasi Steel Constructions Pty Ltd's performance by revenue, market share and profit margin from 2017 through 2023
Detailed analysis
- Description and key data for SRG Global, and factors influencing its performance in the industry
- Description and key data for Alfasi Steel Constructions Pty Ltd, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The industry has faced continued declines as rising interest rates and supply chain disruptions have followed pandemic lockdowns and restrictions. This has led to consistent ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Weak downstream demand conditions and increasing cost pressures have weighed on industry margins. The industry has faced increased input costs and declining demand from resid...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Structural Steel Erection Services industry in Australia in 2024?
The market size of the Structural Steel Erection Services industry in Australia is $5.3bn in 2024.
How many businesses are there in the Structural Steel Erection Services in Australia industry in 2023?
There are 4,495 businesses in the Structural Steel Erection Services industry in Australia, which has grown at a CAGR of 0.8 % between 2018 and 2023.
Has the Structural Steel Erection Services industry in Australia grown or declined over the past 5 years?
The market size of the Structural Steel Erection Services industry in Australia has been declining at a CAGR of 1.2 % between 2018 and 2023.
What is the forecast growth of the Structural Steel Erection Services industry in Australia over the next 5 years?
Over the next five years, the Structural Steel Erection Services industry in Australia is expected to grow.
What are the biggest companies in the Structural Steel Erection Services market in Australia?
The biggest companies operating in the Structural Steel Erection Services market in Australia are SRG Global and Alfasi Steel Constructions Pty Ltd
What does the Structural Steel Erection Services in Australia include?
Welding work and fabrication and Assembly work are part of the Structural Steel Erection Services industry.
Which companies have the highest market share in the Structural Steel Erection Services in Australia?
The company holding the most market share in Australia is SRG Global.
How competitive is the Structural Steel Erection Services industry in Australia?
The level of competition is high and steady in the Structural Steel Erection Services industry in Australia.
