Steel Framing in the US
During the five years to 2016, a recession-induced drop in demand for the Steel Framing industry's services intensified competition for new work contracts, particularly in the nonresidential construction market. As competition intensified, industry operators increasingly competed for projects on the basis of price, hurting industry revenue. However, in 2012, a recovering private nonresidential construction market compensated for decreased demand for infrastructure and public nonresidential construction. Moving forward, industry revenue is forecast to grow, as demand from downstream construction markets experience more robust growth. In addition, anticipated long-term improvements in investment in the transportation and institutional construction markets will also support industry demand in the five years to 2021.
This industry comprises contractors that install steel and precast concrete to produce structural elements, building exteriors and elevator fronts. The industry also includes the installation of other steel products (e.g. setting rods, bars, rebar, mesh and cages) to reinforce poured-in-place concrete, cooling towers and metal storage tanks. The structural steel erection work performed includes new work, additions, alterations, reconstruction, maintenance and repairs.
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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