Solid structure: Demand from nonresidential construction markets will bolster industry expansion

The Structural Metal Product Manufacturing industry in Ontario is projected to expand despite volatile steel and aluminum prices during the current period. Industry operators fabricate structural metal components, completed structures, metal base plates, concrete reinforcing bars and other metal products for infrastructure development. Accordingly, demand tends to trend in line with construction activity, infrastructure investments and the price of input metals such as steel and aluminum. Over the five years to 2023, a broader macroeconomic slowdown is expected to facilitate a contraction in industry revenue. Despite a forecast rise in steel and aluminum prices, the appreciation of the Canadian dollar is expected to boost import competition...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 13-18
1.8%
Forecast Growth 18-23
Profit
Employment
9,732
Businesses
458

Industry Threats & Opportunities

  • Industry profit margins fluctuated wildly, causing a pressured environment for structural expansion
  • Additional Insights for the Structural Metal Product Manufacturing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Structural Metal Product Manufacturing in Ontario Industry are

  • Availability of resources
  • Ability to vary services to suit different needs
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Value of nonresidential construction in Ontario and Value of residential construction in Ontario in the Structural Metal Product Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Structural Metal Product Manufacturing in Ontario Industry?

    This industry manufactures a variety of structural metal products for use in building and infrastructure construction markets. Products include fabricated bar joists, concrete reinforcing bars, metal plate work, railway sections and structural panels for bridges, boats and ships.

    Industry Products
  • Prefabricated metal buildings
  • Concrete reinforcing bars
  • Metal plate work
  • Industry Activities
  • Manufacturing fabricated bar joists and reinforcing bars
  • Manufacturing metal plate work products
  • Manufacturing prefabricated metal buildings
  • Manufacturing other fabricated metal products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of nonresidential construction in Ontario
  • Value of residential construction in Ontario
  • World price of steel
  • Canadian effective exchange rate index

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Structural Metal Product Manufacturing in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Apartment & Condominium Construction in Canada
  • Industrial Building Construction in Canada
  • Bridge & Elevated Highway Construction in Canada
  • Ship Building in Canada
  • Commercial Building Construction in Canada
  • Municipal Building Construction in Canada
  • Heating & Air-Conditioning Contractors in Canada

  • Key Selling Industries
  • Aluminum Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Metal Pipe & Tube Manufacturing in Canada

  • Products & Services
  • Other
  • Prefabricated metal buildings
  • Metal plate work
  • Concrete reinforcing bars
  • Chart: Structural Metal Product Manufacturing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Construction sector
  • Transportation markets
  • Power and energy markets
  • Chart: Major Market Segmentation for the Structural Metal Product Manufacturing in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Structural Metal Product Manufacturing in Ontario

  • Basis of Competition
    Barriers to Entry
    Nucor Corporation, Canam Group Inc., Trade-Tech Industries Inc., Walters Group Inc.,
  • Table: Nucor Corporation - financial performance
  • Table: Canam Group Inc. - financial performance
  • Table: Trade-Tech Industries Inc. - financial performance
  • Table: Walters Group Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Structural Metal Product Manufacturing in Ontario 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 Metal Product Manufacturing in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • World price of steel (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bevel
  • An edge that is not perpendicular to the top or face of the object.
  • I-Beam
  • I-BEAM A beam with an I or H-shaped cross section used to support large amounts of weight.
  • Tensile Strength
  • Tensile strength measures the force required to pull something, such as a structural beam or a concrete reinforcing bar in this industry's case, to the point where it breaks.
  • What Our Customers Say

    Why buy this report?

    The Structural Metal Product Manufacturing in Ontario market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    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 Metal Product Manufacturing in Ontario:
    • 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 Metal Product Manufacturing in Ontario 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 Metal Product Manufacturing in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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