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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 and is expected to see moderate growth over the next two years. Key growth drivers include gains in US industrial production and rising demand for durable goods.
For more information on some key components of the fabricated metal product manufacturing industry, please also see 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 ...
Complement this Industry Profile by purchasing a Focus Profile. Fabricated Metal Product Manufacturing has one Focus Profiles that can help you better understand this industry:
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