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2018 Market Analysis & Industry Outlook: Iron & Steel Forging

Overview of the U.S. Iron & Steel Forging Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Iron & Steel Forging: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast[PREMIUM]

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Iron & Steel Forging industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Iron And Steel Forging

Hot Impression Die Impact, Press, And Upset Steel Forgings

Seamless Rolled Ring Forgings, Ferrous, Made From Purchased Iron And Steel

Open Die And Smith Forgings (Hammer And Press), Ferrous, Made From Purchased Iron And Steel

Nonferrous Forging

Total Miscellaneous Receipts

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map of Iron & Steel Forging by state

Iron & Steel Forging Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Iron & Steel Forging companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

price index trends

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Iron & Steel Forging company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Iron & Steel Forging industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Iron & Steel Forging measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations 9%
Production Occupations 64%
Metal Workers and Plastic Workers 46%
Forming Machine Setters, Operators, and Tenders, Metal and Plastic 7%
Forging Machine Setters, Operators, and Tenders, Metal and Plastic 5%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic 17%
Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic 14%
Tool and Die Makers 5%
Tool and Die Makers 5%
Other Production Occupations 10%
Transportation and Material Moving Occupations 5%
Source: Bureau of Labor Statistics

Iron & Steel Forging Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Greenefence Designs trademarks "GF GREENE FENCE DESIGNS, INC." - Wrought iron fences and gates - 10/23/2012

  • Top Innovators

    CompanyInnovation Score
    Gaither Tool16
    G & B Specialties
    Steel Industries

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • How to Tell If You Have a Real Damascus Steel Blade - It was a crucible steel that was made by melting pieces of iron and steel in clay pots ... a material with a visible crystalline structure of varying carbide contents. Forging the material into a desired shape (such as a sword blade) alters the crystalline ... (01/11/2018)
    • Recent metal and metal manufactured products market growth explained - Ferrous metals majorly consist of iron and various types of steel chiefly employed in the construction and ... which are usually employed in making of castings, alloys, forgings, wires, cables, extrusions, and pipes. The metal and metal manufactured ... (01/11/2018)
    • Ford F-150 Power Stroke Turbodiesel Finally Debuts for 2018 - The engine block is cast from compact-graphite iron – the same material Ford uses in the heavy-duty 6.7-liter Power Stroke V-8 found in the Super Duty lineup, as well as the 2.7-liter EcoBoost V-6 in the F-150. Its crankshaft is made from forged steel ... (01/08/2018)
    • Callaway X Forged Utility iron - The X Forged Utility iron is designed to be a driving iron for accomplished ... First, it features a cup-face design, so instead of the hitting area being flat and wielded to the stainless steel body on the edges, it curls into the topline, toe and sole. (01/04/2018)
    • Callaway X Forged UT Iron Revealed - Callaway X Forged UT Iron Revealed - New Callaway utility iron said to take ... X Forged UT Irons are available in 18°, 21° and 24° lofts with Project X stepless steel shafts and feature a strategically-positioned CG location, sitting directly in ... (01/04/2018)
    • U.S. Iron And Steel Forging Market (2016-2025) - Research and Markets - The "U.S. Iron And Steel Forging Market - Analysis And Forecast to 2025" report has been added to Research and Markets' offering. The report provides an in-depth analysis of the U.S. iron and steel forging market. It presents the latest data of the market ... (07/28/2017)
    • Steel, Forging a Comeback - Nucor has applied for permits to build a $2 billion plant in Louisiana that would manufacture iron to supply its processing plants. The Russian giant Severstal recently purchased the Sparrows Point steel plant outside Baltimore, promising to invest a half ... (05/28/2008)

    Government Contracts

    In 2016, the federal government spent a total of $22,066,539 on Iron & Steel Forging. It has awarded 262 contracts to 59 companies, with an average value of $374,009 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Drop forgings made from purchased iron or steel, unfinished, Forgings made from purchased iron or steel, Gun forgings made from purchased iron or steel, Iron forgings made from purchased iron, Cold forgings made from purchased iron or steel, Horseshoes, ferrous forged, made from purchased iron or steel, Steel forgings made from purchased steel, Press forgings made from purchased iron or steel, Upset forgings made from purchased iron or steel, Hammer forgings made from purchased iron or steel, Ferrous forgings made from purchased iron or steel, Hot forgings made from purchased iron or steel, etc.

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