Fabricated Metal Product Manufacturing Industry Profile

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, Gibraltar Industries, Mueller Industries, Snap-On, The Timken Company, and Valmont Industries (all headquartered in the US), as well as Schaeffler AG (Germany), and Toyo Seikan (Japan). Because of the special manufacturing processes involved for individual parts, most companies make a limited range of products.

Price recovery for oil and other key commodities contributed to stronger economic growth in 2017 and 2018. However, rising global trade tensions and higher interest rates could pose risks for continued robust economic growth, according to the IMF. Slower economic growth or a drop in corporate capital expenditures could reduce demand for transportation equipment and machinery, which are leading end-use markets for many types of fabricated metal products. Top producers of fabricated metal products include the US, China, Japan, Germany, Italy, and Canada.

The US fabricated metal product manufacturing industry includes about 51,000 companies with about $338 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.