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Steel Framing in the US - Industry Market Research Report

Publisher IBISWorld
Published May 23, 2025
Length 41 Pages
SKU # IBSS20064198

Description

Steel Framing in the US

The Steel Framing industry fabricates and erects structural parts made from steel or precast concrete, which are vital in the construction of building structures, exteriors, metal storage tanks and other infrastructure projects. The market for steel erection services only includes work that can be distinctly contracted out as a component of construction rather than general construction services. Profit remained stable at the onset of the five-year period to 2023; however, the pandemic has roiled demand for industry services and has caused industry profit to dip in line with a depleted nonresidential construction market. Overall, industry revenue exhibited strong growth of an annualized 2.7% over the past five years, including an increase of 0.6% in 2023 to reach $25.7 billion.

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.

Table of Contents

41 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE


INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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