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2023 U.S. Industry Statistics & Market Forecast - Aluminum Rolling, Drawing & Extruding
Market Size & Industry Statistics
The total U.S. industry market size for Aluminum Rolling, Drawing & Extruding:
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.
| Statistics | 2017 2018 2019 2020 2021 2022 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Aluminum Extruded Product Manufacturing industry is a crucial component of the manufacturing sector, providing a wide range of products for several industries, including aerospace, automotive, construction, and consumer goods. Here are some of the key trends affecting this industry:1. Shift towards lighter, stronger, and more sustainable materials - With the growing concerns over carbon footprint reduction, there is an increasing demand for lightweight and durable aluminum extruded products.
2. Technological advancements - The industry has witnessed significant advancements in automation, computer modeling, and simulation technologies. These advancements have helped enhance product quality, reduce production costs, and increase process efficiency.
3. Global competition - The industry is becoming increasingly competitive, with the emergence of new players from low-wage countries. As a result, manufacturers are investing heavily in research and development to create innovative products to stay competitive.
4. Customization - Customers are demanding more custom products that are tailored to their specific needs. Manufacturers are, therefore, focusing on new product development to meet the changing demands of customers.
5. Environmental regulations - The emission and waste reduction regulations are becoming stricter, forcing manufacturers to invest in energy-efficient production processes, waste management, and other measures to reduce their carbon footprint.
6. Collaborative supply chain - Manufacturers are collaborating more closely with suppliers and customers to create an efficient supply chain that reduces lead times, saves costs, and enhances overall production efficiency.
Product & Services Breakdown
Research products and services in the Aluminum Rolling, Drawing & Extruding 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 |
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Other Aluminum Rolling, Drawing, And Extruding |
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Extruded Aluminum Rod, Bar, And Other Extruded Shapes |
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Aluminum And Aluminum-Base Alloy Wire And Cable (Excluding Covered Or Insulated), Including Acsr, Made In Aluminum Rolling Mills |
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Rolled Aluminum Rod And Bar (Including Continuous Cast), Made In Aluminum Rolling Mills And Plants That Draw Wire From Purchased |
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Aluminum Insulated Wire And Cable |
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Total Miscellaneous Receipts |
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Miscellaneous Receipts, Including Receipts For Repair Work, Sales Of Scrap And Refuse. |
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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.
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 Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| 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 Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Aluminum Rolling, Drawing & Extruding company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry 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 Aluminum Rolling, Drawing & Extruding industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| 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). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Aluminum Rolling, Drawing & Extruding measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry 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. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry 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. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| 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. |
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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.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 5% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 1% | |||
| Architecture and Engineering Occupations | 5% | |||
| Office and Administrative Support Occupations | 6% | |||
| Installation, Maintenance, and Repair Occupations | 10% | |||
| Other Installation, Maintenance, and Repair Occupations | 8% | |||
| Industrial Machinery Installation, Repair, and Maintenance Workers | 6% | |||
| Production Occupations | 52% | |||
| Supervisors of Production Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| First-Line Supervisors of Production and Operating Workers | 5% | |||
| Metal Workers and Plastic Workers | 32% | |||
| Forming Machine Setters, Operators, and Tenders, Metal and Plastic | 9% | |||
| Extruding and Drawing Machine Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
| Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 10% | |||
| Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic | 8% | |||
| Metal Furnace Operators, Tenders, Pourers, and Casters | 5% | |||
| Other Production Occupations | 11% | |||
| Transportation and Material Moving Occupations | 11% | |||
| Material Moving Workers | 10% | |||
| Laborers and Material Movers | 7% | |||
Aluminum Rolling, Drawing & Extruding Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Aluminum Rolling, Drawing & Extruding industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Aluminum Rolling, Drawing & Extruding industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Aluminum Rolling, Drawing & Extruding industry. |
Source:
Government Contracts
In 2022, the federal government spent a total of $31,172,748 on Aluminum Rolling, Drawing & Extruding. It has awarded 698 contracts to 157 companies, with an average value of $198,553 per company.| Most Recent Contracts | Date | Total Award Amount |
|---|---|---|
| GENUINE CABLE GROUP, LLC 50 Broadway Ste 10 Hawthorne, NY | Jun 14, 2023 | $2,314 |
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