$30.4bn
$X.Xbn
102k
4,559
$X.Xbn
Revenue for the Metal Plating and Treating industry has fallen because of uneven demand conditions from automotive and construction markets. Steel prices have been highly volatile recently, with substantial steel production and demand fluctuations. Nonetheless, while high downstream demand from the Steel Framing industry buoyed revenue for some metal treating companies, volatility in demand from the Steel Rolling and Drawing industry hampered revenue growth. Input volatility pressured industry revenue throughout the period, especially during COVID-19. Over the past five years, revenue fell at a CAGR of 2.3 to $30.4 billion, including an expected drop of 0.1% in 2024 alone. Profit has fallen to an expected 7.3% of revenue in 2024, down from 9.5% in 2019.
Industry revenue has declined at a CAGR of 2.3 % over the past five years, to reach an estimated $30.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Worthington Industries, Inc. | 1,291.4 | 51.4 | 4.0 | |
Valmont Industries, inc. | 160.4 | 8.9 | 5.6 | |
Cornerstone Building Brands, Inc. | 150.2 | 6.2 | 4.1 |
To view the market share and analysis for all 15 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Metal coating, engraving and allied services, Electroplating, plating, polishing, anodizing and coloring services and Metal heat-treating services. Metal coating, engraving and allied services is the largest segment of the Metal Plating & Treating in the US.
Metal coating, engraving and allied services are the largest source of revenue
This industry includes companies that perform work on metals or metal products. They treat metals (e.g. by applying a coating or engraving), altering not only their surface and appearance, but also their physical and chemical properties. Operators in this industry typically provide services to metal or metal-product manufacturers.
Purchase this report to view all 15 major companies in this industry.
NAICS 33281 - Metal Plating & Treating in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising interest rates will temper demand from key markets like the automotive and construction industries. The Federal Reserve's attempt to curb inflation will limit business...
Learn about an industry's products and services, markets and trends in international trade.
Metal plating and treating providers depend on original equipment manufacturers outsourcing their metal plating and treating needs. Providers rely on local business because o...
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 downstream markets is a key indicator of the success of metal plating and treating providers. Providers tend to locate near automotive and manufacturing clients.
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.
Internal competition is intense but often localized to the surrounding regional areas. No single metal treating company represents more than 5.0% of the industry.
Learn about the performance of the top companies in the industry.
The industry is very diverse. No single metal plating and treating company represents more than 5.0% of the industry.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Declining steel and zinc prices will bolster profit. Depressed demand conditions will result in companies passing the cost of lower input prices to clients by charging lower ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Input price volatility results in fluctuating metal plating and treating providers’ purchase costs and profitability. Steel prices have been incredibly volatile, making it di...
Including values and annual change:
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.
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 the US include:
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:
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.
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.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Metal Plating & Treating in the US industry in United States is $30.4bn in 2024.
There are 4,559 businesses in the Metal Plating & Treating in the US industry in United States, which has declined at a CAGR of 1.7 % between 2019 and 2024.
The market size of the Metal Plating & Treating in the US industry in United States has been declining at a CAGR of 2.3 % between 2019 and 2024.
Over the next five years, the Metal Plating & Treating in the US industry in United States is expected to grow.
The biggest companies operating in the Metal Plating & Treating market in United States are Worthington Industries, Inc., Valmont Industries, inc. and Cornerstone Building Brands, Inc.
Metal coating, engraving and allied services and Electroplating, plating, polishing, anodizing and coloring services are part of the Metal Plating & Treating in the US industry.
The company holding the most market share in United States is Worthington Industries, Inc..
The level of competition is high and steady in the Metal Plating & Treating in the US industry in United States.