Companies in this industry transform purchased metals into intermediate or end-use products by forging, stamping, bending, forming, welding, machining, and assembly. Major companies include Ball Corporation, Flowserve, Gibraltar Industries, Mueller Industries, Snap-On, The Timken Company, and Valmont Industries (all headquartered in the US), as well as Jiangsu Guotai International (China), Schaeffler Technologies (Germany), and Toyo Seikan Kaisha (Japan). Because of the special manufacturing processes involved for individual parts, most companies make a limited range of products.
Slowing growth in China and lower prices for oil and other key commodities have contributed to a sluggish global economy. Concerns about slower economic growth could reduce demand for transportation equipment and machinery, which are leading end-use markets for many types of fabricated metal products. Top producers of fabricated metal products include the US, China, Japan, Germany, Italy, and Canada.
The US fabricated metal product manufacturing industry includes about 51,000 companies with about $360 billion in combined annual revenue. Coverage of key components of the fabricated metal product manufacturing industry can be found in the following industry profiles: Architectural & Structural Metals Manufacturing; Gun & Ammunition Manufacturing; Handtool, Cutlery & Flatware Manufacturing; Hardware & Fastener Manufacturing; Machine Shops; Metal Coating, Engraving & Heat Treating; and Metal Valve & Pipe Fitting Manufacturing.
Demand is driven largely by the needs of other industrial companies and is therefore linked to economic growth. The profitability of individual companies depends on technical expertise and efficient manufacturing....