NAICS 332999 - All Other Miscellaneous Fabricated Metal Product Manufacturing
This U.S. industry comprises establishments primarily engaged in manufacturing fabricated metal products (except forgings and stampings, cutlery and handtools, architectural and structural metals, boilers, tanks, shipping containers, hardware, spring and wire products, machine shop products, turned products, screws, nuts and bolts, metal valves, ball and roller bearings, ammunition, small arms and other ordnances, fabricated pipes and pipe fittings, industrial patterns, and enameled iron and metal sanitary ware).
Industry trends:
The NAICS 332999 industry, encompassing all other miscellaneous fabricated metal product manufacturing, is currently experiencing several notable qualitative trends. One prominent trend is the increasing adoption of advanced automation and robotics. Manufacturers are investing in state-of-the-art machinery to enhance precision, reduce labor costs, and increase production efficiency. This shift towards automation is also driven by the need to remain competitive in a global market and to compensate for the shortage of skilled labor.
Another significant trend is the growing focus on sustainability and environmentally-friendly practices. Companies in this sector are increasingly adopting green manufacturing processes to reduce waste, lower emissions, and comply with stringent environmental regulations. This includes the use of recyclable materials, energy-efficient equipment, and waste reduction programs.
Customization and the ability to offer bespoke solutions are becoming more critical as customer demands evolve. Customers are seeking more specialized, tailor-made products, which is driving companies to invest in flexible manufacturing systems that can handle short runs and quick changeovers.
Looking ahead, the integration of Internet of Things (IoT) technologies and smart manufacturing is expected to gain momentum. IoT enables real-time monitoring and data analytics, which can lead to improved operational efficiencies, predictive maintenance, and better quality control. Additionally, the sector is likely to see increased adoption of additive manufacturing or 3D printing, allowing for rapid prototyping and faster time-to-market for new products.
This industry is comprised of:
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.