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Companies in this industry transform purchased metals into intermediate or end-use products by forging, stamping, bending, forming, welding, machining, and assembly. Major companies include Ball Corporation, Flowserve, Mueller Industries, Snap-On, and The Timken Company (all headquartered in the US), as well as Jiangsu Guotai International (China), Schaeffler Technologies (Germany), and Toyo Seikan Kaisha (Japan). Because of the special manufacturing processes involved for individual parts, most companies make a limited range of products.
Globally, the fabricated metal product manufacturing industry generates nearly $2 trillion in annual revenue. Top producers include the US, China, Japan, Germany, Italy, and Canada.
The US fabricated metal product manufacturing industry includes about 55,000 companies with more than $325 billion in combined annual revenue. Coverage of key components of the fabricated metal product manufacturing industry can be found in the following industry profiles: Architectural & Structural Metals Manufacturing; Gun & Ammunition Manufacturing; Handtool, Cutlery & Flatware Manufacturing; Hardware & Fastener Manufacturing; Machine Shops; Metal Coating, Engraving & Heat Treating; and Metal Valve & Pipe Fitting Manufacturing.
Demand is driven largely by the needs of other industrial companies and is therefore linked to economic growth. The profitability of individual companies depends on technical expertise and efficient manufacturing. Large companies have economies of scale in purchasing raw materials. The specialized nature and use of many products allows smaller companies to compete effectively.
The US fabricated metal product manufacturing industry as ...
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