Structurally unsound: Completed large resource developments have reduced industry demand

Downstream residential and non-residential construction markets primarily drive demand for the Structural Steel Fabricating industry. The industry has derived solid demand from the key building markets over the past five years, although declining demand from the non-building and mining infrastructure markets has negatively affected the industry's performance. The constant threat of competition from low-priced imports has also limited industry revenue growth over the period.Industry revenue is expected to decline at an annualised 1.5% over the five years through 2019-20 to total $6.1 billion. This performance mainly reflects the deterioration in domestic demand for structural steel products over the same period...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 15-20
-1.5%
Forecast Growth 20-25
Profit
Employment
18,450
Businesses
1,765

Industry Threats & Opportunities

  • Domestic demand for structural steel fabricated products has declined steeply
  • Challenging domestic demand conditions have driven down profitability over the past five years
  • Growth in the residential building and infrastructure markets will support industry revenue
  • Industry Report - Industry Locations Chapter

    The geographic spread of structural steel fabrication enterprises is marginally skewed towards Queensland and Western Australia. These states have a high concentration of infrastructure construction activity, which is a key market for fabricated steel inputs. Aside from the demand generated from major infrastructure projects, sales are important to the other construction markets and the distribution of these sales is closely in line with that of the national population and economic activity. Industry operators seek to locate near key markets to reduce distribution time and costs, which increases customer satisfaction and permits a closer liaison between manufacturers and end users. Several large manufacturers operate plants in urban and regional locations and across multiple states...purchase to read more.

    Additional Insights for the Structural Steel Fabricating Industry

    IBISWorld has determined the most important Key Success Factors for the Structural Steel Fabricating are:

  • Access to highly skilled workforce
  • Proximity to key markets
  • Marketing of differentiated products
  • IBISWorld analysts also discuss how external factors such as Demand from residential building construction and Demand from non-residential building construction in the Structural Steel Fabricating industry impact industry performance..

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    What's in this report

    What is the Structural Steel Fabricating Industry?

    Industry firms manufacture structural steel components that are used in buildings and other structures.

    Industry Products
  • Rolled-formed structural framework
  • Reinforcing rods and bars
  • Reinforcing mesh and wire
  • Other fabricated steel products
  • Industry Activities
  • Fabricated structural steel
  • Prefabricated steel girder and joist
  • Perforated steel plate
  • Prefabricated structural steel part
  • Reinforcing mesh of welded steel
  • Reinforcing steel rods
  • Rolled form structural framework products
  • Prefabricated steel roof truss
  • Prefabricated steel scaffolding
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from residential building construction
  • Demand from non-residential building construction
  • Demand from heavy industry and other non-building construction
  • Demand from road and bridge construction
  • Domestic price of iron and steel
  • Trade-weighted index

  • Current Performance
  • Trade exposure
  • Construction trends
  • Product substitution
  • Profitability narrows
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Construction markets
  • Profitability and structure
  • Table: Structural Steel Fabricating Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Structural Steel Fabricating Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • House Construction
  • Multi-Unit Apartment and Townhouse Construction
  • Road and Bridge Construction
  • Heavy Industry and Other Non-Building Construction
  • Structural Steel Erection Services
  • Commercial and Industrial Building Construction
  • Institutional Building Construction

  • Key Selling Industries
  • Iron Smelting and Steel Manufacturing

  • Products & Services
  • Rolled-formed structural framework
  • Other fabricated steel products
  • Reinforcing rods and bars
  • Reinforcing mesh and wire
  • Chart: Structural Steel Fabricating Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Manufacturing firms and others
  • Construction service contractors
  • Residential building firms
  • Mining firms
  • Non-residential building construction contractors
  • Non-building construction firms
  • Chart: Major Market Segmentation for the Structural Steel Fabricating Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Structural Steel Fabricating

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Structural Steel Fabricating Industry

  • Industry Globalization
    BlueScope Steel Limited, Infrabuild Trading Pty Ltd,
  • Table: BlueScope Steel Limited - financial performance
  • Table: Infrabuild Trading Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Structural Steel Fabricating Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Structural Steel Fabricating Industry
    Includes:
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Girders
  • Supporting structures that function like joists and are arranged in different cross-sectional shapes to enhance their strength.
  • Joists
  • Horizontal supporting structures that usually span between two walls or two supporting beams.
  • Trusses
  • Triangular-shaped support structures made up of straight rods or beams connected at their joints.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Structural Steel Fabricating market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    This report on Structural Steel Fabricating:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Structural Steel Fabricating market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Structural Steel Fabricating, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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