NAICS 332618 - Other Fabricated Wire Product Manufacturing
This U.S.industry comprises establishments primarily engaged in manufacturing fabricated wire products (except springs) made from purchased wire.
Industry trends:
In the NAICS 332618 sector, which encompasses Other Fabricated Wire Product Manufacturing, there are several notable qualitative trends emerging. Increasing automation and the integration of advanced technologies, such as AI and IoT, are significantly reshaping the industry. These advancements allow for more precise and efficient manufacturing processes, leading to enhanced product quality and reduced operational costs.
Moreover, there's a growing focus on sustainability and the use of eco-friendly materials. Companies are actively seeking to reduce their carbon footprint and are investing in recycling programs and energy-efficient production methods. This commitment not only meets regulatory demands but also appeals to environmentally conscious consumers.
Customization and flexibility in production are becoming more prevalent as consumer demand for tailored products rises. Manufacturers are adopting more agile production techniques to accommodate small-batch orders and specific client specifications, fostering closer relationships with their customers.
In terms of forecasts, the near future is expected to see continued growth in the adoption of smart factory practices. The integration of predictive maintenance and real-time data analytics will likely become standard practice, enhancing operational efficiencies. Additionally, global supply chain disruptions have underscored the importance of supply chain resilience, prompting companies to diversify their supplier bases and invest in more localized production capabilities.
Overall, the industry is poised for steady growth, driven by technological advancements and a shift towards more sustainable and customizable manufacturing practices.
This industry is comprised of:
Automobile skid chains made from purchased wire
Bale ties made from purchased wire
Barbed wire made from purchased wire
Baskets, metal, made from purchased wire
Belts, conveyor, made from purchased wire
Belts, drying, made from purchased wire
Brackets made from purchased wire
Brads, metal, made from purchased wire
Cable, noninsulated wire, made from purchased wire
Cages made from purchased wire
Can keys made from purchased wire
Chain link fencing and fence gates made from purchased wire
Chain made from purchased wire
Chain, welded, made from purchased wire
Chicken netting made from purchased wire
Cloth, woven wire, made from purchased wire
Coat hangers made from purchased wire
Concrete reinforcing mesh made from purchased wire
Crab traps made from purchased wire
Cylinder wire cloth made from purchased wire
Delivery cases made from purchased wire
Diamond cloths made from purchased wire
Fabrics, woven wire, made from purchased wire
Fencing and fence gates made from purchased wire
Fourdrinier wire cloth made from purchased wire
Grilles and grillwork made from purchased wire
Guards, wire, made from purchased wire
Hardware cloth, woven wire, made from purchased wire
Insect screening made from purchased wire
Key rings made from purchased wire
Lamp frames, wire, made from purchased wire
Mats and matting made from purchased wire
Mesh made from purchased wire
Nails, brads, and staples made from purchased wire
Netting, woven, made from purchased wire
Paper clips made from purchased wire
Paper machine wire cloth made from purchased wire
Poultry netting made from purchased wire
Racks, household-type, made from purchased wire
Reinforcing mesh, concrete, made from purchased wire
Rope, wire, made from purchased wire
Shelving, wire, made from purchased wire
Sieves, made from purchased wire, manufacturing
Slings, lifting, made from purchased wire
Spikes made from purchased wire
Spiral cloth made from purchased wire
Staples made from purchased wire
Stranded wire, uninsulated, made from purchased wire
Tacks, metal, made from purchased wire
Tire chains made from purchased wire
Traps, animal and fish, made from purchased wire
Trays, wire, made from purchased wire
Window screening, woven, made from purchased wire
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.