SIC 3449 - Miscellaneous Structural Metal Work
Establishments primarily engaged in manufacturing miscellaneous structural metal work, such as metal plaster bases, fabricated bar joists, and concrete reinforcing bars. Also included in this industry are establishments primarily engaged in custom roll forming of metal.
Industry trends:
The Miscellaneous Structural Metal Work industry (NAICS 3449) is experiencing several notable qualitative trends that are shaping its current landscape and future outlook. One prominent trend is the increasing emphasis on sustainability and eco-friendly practices. Businesses in this sector are investing more in recyclable materials and energy-efficient production processes. Additionally, there is a growing demand for custom metalwork solutions, driven by advancements in technology such as CNC machining and 3D printing, which allow for greater precision and customization.
The industry is also seeing a shift towards digitalization. Companies are adopting advanced software for design and project management, improving efficiency and reducing lead times. This trend is particularly significant as it enables better collaboration across the supply chain and enhances project outcomes.
Forecasts for the near future suggest continued growth in infrastructure projects, which bodes well for the industry. Economic recovery in post-pandemic markets is expected to boost demand for structural metal products. Moreover, government investments in public infrastructure and initiatives to modernize aging construction are likely to provide additional momentum.
Another key trend is the rise of smart cities and the integration of metal structures with IoT (Internet of Things) technology. This integration facilitates real-time monitoring and maintenance, ensuring structural integrity and longevity. As urbanization trends continue, the need for innovative and durable metal structures will remain robust.
In conclusion, sustainability, digital transformation, custom solutions, and smart structural integrations are key qualitative trends in the Miscellaneous Structural Metal Work industry, with a favorable growth outlook driven by infrastructure investments and technological advancements.
This industry is comprised of:
Bars, concrete reinforcing: fabricated steel
Curtain wall, metal
Custom roll formed products, metal
Joists, fabricated bar
Landing mats, aircraft: metal
Lath, expanded metal
Plastering accessories, metal
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.