$15.8bn
$XXX.Xm
38,839
1,441
$X.Xbn
Structural metal manufacturers produce fabricated joists, concrete reinforcing bars and metal plate work, among other products. Structural metal products are essential for strengthening and evening out concrete foundations and for framing roofs and floors to walls. These products are heavily used to construct commercial buildings and multifamily apartment buildings. Structural metal products are also used in energy, utility and transportation infrastructure projects. Structural Metal Product Manufacturing industry revenue has been expanding at a CAGR of 3.9% over the past five years and is expected to total $15.8 billion in 2024, when revenue will jump by an estimated 1.8%.
Industry revenue has grown at a CAGR of 3.9 % over the past five years, to reach an estimated $15.8bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Nucor | 5,682.1 | 1,942.5 | 34.2 | |
Canam Group | 635.7 | 36.6 | 5.8 | |
Waiward Industrial | 229.9 | 12.9 | 5.6 |
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Industry revenue is measured across several distinct product and services lines, including Prefabricated metal buildings , Metal plate work products and Other metal plate work and fabricated structural metal products. Prefabricated metal buildings is the largest segment of the Structural Metal Product Manufacturing in Canada.
Demand from other metal plate work and fabricated structural metal products increased alongside economic activity
The industry manufactures a variety of structural metal products for use in building and infrastructure construction. These include fabricated bar joists, concrete reinforcing bars, metal plate work, railway sections and structural panels for bridges, boats and ships.
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NAICS 33231 - Structural Metal Product Manufacturing in Canada
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Volatile steel prices harm the industry. Increased selling prices cannot quickly offset rapid increases in steel costs and this eats into profit.
Learn about an industry's products and services, markets and trends in international trade.
Other metal plate work and fabricated structural metal is the largest product segment since many downstream markets can use these products. Other structural metal products ar...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to the United States is important as exports account for almost 10.0% of industry revenue. Since the United States represents the largest foreign market, having man...
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.
Several tiers of products enable competition among manufacturers. Although the most popular metal product is steel, smaller manufacturers can succeed in the industry by produ...
Learn about the performance of the top companies in the industry.
Construction demand is crucial for structural metal product manufacturers. Although the industry produces many different structural metal products for different markets, the ...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Trade agreements are vital for manufacturers’ success. Since trade is an integral part of the industry, having free trade agreements, such as the USMCA, is vital to keep cost...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Steel prices influence a manufacturer’s profit by enabling the manufacturer to sell the final product in tandem with the current market rate. Still, rapid fluctuations cannot...
Including values and annual change:
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Key data sources in Canada include:
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These sources include:
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The market size of the Structural Metal Product Manufacturing industry in Canada is $15.8bn in 2024.
There are 1,441 businesses in the Structural Metal Product Manufacturing industry in Canada, which has grown at a CAGR of 0.1 % between 2019 and 2024.
The market size of the Structural Metal Product Manufacturing industry in Canada has been growing at a CAGR of 3.9 % between 2019 and 2024.
Over the next five years, the Structural Metal Product Manufacturing industry in Canada is expected to grow.
The biggest companies operating in the Structural Metal Product Manufacturing market in Canada are Nucor, Canam Group and Waiward Industrial
Prefabricated metal buildings and Metal plate work products are part of the Structural Metal Product Manufacturing industry.
The company holding the most market share in Canada is Nucor.
The level of competition is moderate and increasing in the Structural Metal Product Manufacturing industry in Canada.