Ornamental & Architectural Metalwork Manufacturing
The Ornamental and Architectural Metalwork Manufacturing industry primarily manufactures architectural metalwork including fences, handrails, balcony rails, screen doors, window guards and other architectural fittings. Over the five years to 2019, the industry is expected to expand in line with domestic construction activity. Favorable economic conditions have encouraged nonresidential and residential construction activity during the five-year period. Over the five years to 2024, IBISWorld expects the industry to continue growing, albeit at a more subdued pace relative to the previous five-year period. Although construction activity is expected to continue increasing, business and consumer sentiment are anticipated to decline over the next five years. A rising interest rate environment and recent volatility in capital markets are the primary culprits behind declining sentiment. Nevertheless, economic fundamentals such as GDP growth and low unemployment are anticipated to remain consistent.
Operators in this industry fabricate, sell, repair and install ornamental metalwork, including fences, handrails, balcony rails, screen doors and window guards, among other architectural products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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