Structural Metal Product Manufacturing in Canada - Industry Market Research Report
Structural Metal Product Manufacturing in Canada
The Structural Metal Product Manufacturing industry in Canada produces fabricated joists, concrete reinforcing bars and metal plate work, among other products. Industry products are essential for strengthening and evening out concrete foundations and for framing roofs and floors to walls. Therefore, products are heavily used in the construction of commercial buildings and multifamily apartment buildings. They are also used in energy, utility and transportation infrastructure projects. Over the five years to 2019, industry revenue has been negatively influenced by declining Canadian nonresidential construction. More than two-thirds of industry products are composed of steel, making the price of steel relevant to operators. Higher steel prices boost the value of inventory and enable operators to charge more for products, supporting revenue growth. Over the five years to 2024, the industry is expected to benefit from more stable demand for nonresidential construction and overall infrastructure spending by municipalities and local governments on roads, hospitals and other community infrastructure.
The Structural Metal Product Manufacturing industry in Canada 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.
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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