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2024 U.S. Industry Statistics & Market Forecast - Metal Service Centers and Other Metal Merchant Wholesalers
Market Size & Industry Statistics
The total U.S. industry market size for Metal Service Centers and Other Metal Merchant Wholesalers:
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 | 2019 2020 2021 2022 2023 | |
|---|---|---|
| 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 forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Metal Service Centers & Metal Merchant Wholesalers industry has witnessed significant changes in recent years. With the global economy remaining turbulent and industry demand continuing to be volatile, companies in this industry have been forced to adapt to changing business models and new technologies.One significant trend is the shift towards advanced manufacturing technologies. Metal service centers are increasingly adopting digital technologies, such as 3D printing, to produce parts and components that are more complex. Another trend is the increasing focus on environmental sustainability. Companies are now adopting cleaner production techniques and utilizing more sustainable materials, such as recycled metals and alloys.
The industry has also experienced significant consolidation as larger firms acquire weaker competitors. This consolidation trend is being reinforced by the increasing reliance on e-commerce, with companies able to reach a wider customer base and establish themselves as key suppliers of metal products.
Moreover, the industry is witnessing a surge in demand for high-performance metals, including cobalt, nickel, and titanium. This trend is mainly driven by the demand from aerospace and automobile industries for lighter and stronger metals.
Finally, geopolitical instability, global trade tensions, and the disruption of supply chains due to COVID-19 pandemic continue to impact the Metal Service Centers & Metal Merchant Wholesalers industry as companies strive to mitigate risks and remain competitive in a rapidly changing marketplace.
Product & Services Breakdown
Research products and services in the Metal Service Centers and Other Metal Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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New And Rebuilt Automotive And Trailer Parts And Supplies |
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Other Automotive Parts And Supplies |
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Plywood, Panels, And Millwork, Including Doors, Windows, And Wood Fence |
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Gypsum Board, Green Or Water Board, And Other Specialty Boards |
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Concrete, Cement, Sand, Gravel, Stone, Brick, And Block |
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Other Construction Products And Materials |
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Semi-Finished Iron And Steel Products |
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Sheet Bars And Tin Plate Bars |
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Wire Rods |
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Rough Castings And Foundry Products |
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Forgings And Stampings |
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Other Semi-Finished Iron And Steel Products |
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Flat Iron And Steel Products |
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Iron And Steel Plates |
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Hot-Rolled And Cold-Rolled Iron And Steel Strips |
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Cold-Rolled Iron And Steel Sheets |
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Hot-Rolled Iron And Steel Sheets |
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Galvanized And Coated Iron And Steel Sheets |
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Tin Plate And Terneplate |
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Fabricated And Structural Iron And Steel Plate Products |
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Other Flat Iron And Steel Products |
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Iron And Steel Wire And Wire Products |
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Wire, Including Plain, Coated, Barbed, And Twisted |
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Nails |
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Wire Rope, Strand, Strapping, Reinforcement Mesh, And Bale Ties |
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Iron And Steel Pipes And Tubing |
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Iron And Steel Tubing |
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Standard Steel Pipes |
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Other Steel Pipes |
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Other Iron And Steel Products |
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Hot-Rolled Iron And Steel Bars And Bar-Size Shapes, Excluding Reinforcement Bars |
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Cold-Finished Iron And Steel Bars And Bar-Size Shapes |
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Concrete Reinforcement Bars |
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Structural Shapes, Excluding Bar-Size Shapes |
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Other Structural Metal Products |
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Storage Tanks, Steel |
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Alloy Steel |
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Hot-Rolled Or Cold-Finished Alloy Steel Bars |
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Alloy Steel Pipes, Tubing, And Plates |
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Other Alloy Steel |
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Stainless Steel |
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Stainless Steel Plates |
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Stainless Steel Strips |
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Stainless Steel Sheets |
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Stainless Steel Bars And Bar-Size Shapes |
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Other Stainless Steel, Including Tubing |
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Copper And Brass |
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Structural Copper Wire Mill Products |
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Copper And Brass Flat Products, Including Sheets, Strips, And Plates |
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Copper And Brass Tubular Products, Excluding Copper Plumbing Products |
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Copper And Brass Rods, Nonelectrical Wire, And Extruded Shapes |
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Copper Plumbing Pipes And Tubing |
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Aluminum Shapes And Forms, Including Pipes And Tubing |
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Aluminum Plates - .250 Inches And Over |
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Aluminum Sheets And Coils - .006 To .249 Inches |
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Rolled Or Extruded Aluminum Rods, Bars, And Wires, Including Rounds, Hexes, Squares, And Rectangles |
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Aluminum Pipes And Tubing, Including Hollow Bar, Square, And Rectangular Tubing |
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Other Nonferrous Metals, Including Magnesium, Nickel, Tin, Lead, And Zinc, Excluding Gemstones |
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Primary, Secondary, And Alloyed Nonferrous Metals In Primary And Mill Shapes |
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Other Nonferrous Metals, Excluding Primary, Secondary, And Alloyed Nonferrous Metals In Primary And Mill Shapes |
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Minerals And Ores, Excluding Coal, Gemstones, And Crude Oil |
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Other Minerals And Ores, Excluding Coal, Gemstones, And Crude Oil |
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Hardware |
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Bolts, Nuts, Rivets, And Other Fasteners, Excluding Nails |
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Hand Tools, Power |
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Hand Tools, Excluding Power Tools |
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Plumbing And Hydronic Heating Equipment And Supplies, Including Gas Plumbing Appliances And Water Heaters |
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Metal Pipe Fittings And Valves, Excluding Pipes And Tubing |
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General-Purpose Industrial Machinery, Equipment, And Parts |
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Oil Well, Oil Field, Oil Refinery, And Pipeline Machinery, Equipment, And Supplies |
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Parts And Supplies For Oil Well, Oil Field, And Pipeline Machinery And Equipment |
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Industrial Valves And Fittings, Excluding Hydraulic Valves And Fittings |
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Abrasives, Strapping, Tape, Ink, And Mechanical Rubber Goods |
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Recyclable Ferrous Metal Scrap |
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Recyclable Nonferrous Metal Scrap |
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Plastics Materials And Basic Shapes |
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Plastic Pipes, Rods, Tubes, And Shapes, Excluding Plumbing |
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High Pressure Laminates |
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Chemicals And Allied Products, Excluding Agricultural Chemicals, Plastics, Industrial And Natural Gases, Liquefied Petroleum (Lp |
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Service Receipts And Labor Charges, Including Installed Parts |
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Labor Charges For Repair Work |
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Other Service Receipts And Labor Charges |
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Miscellaneous Commodities |
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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 |
|
| 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 Metal Service Centers and Other Metal Merchant Wholesalers 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 Metal Service Centers and Other Metal Merchant Wholesalers 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 Metal Service Centers and Other Metal Merchant Wholesalers 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 | 10% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 5% | |||
| Sales and Related Occupations | 23% | |||
| Sales Representatives, Wholesale and Manufacturing | 16% | |||
| Sales Representatives, Wholesale and Manufacturing | 16% | |||
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 13% | |||
| Office and Administrative Support Occupations | 16% | |||
| Installation, Maintenance, and Repair Occupations | 11% | |||
| Production Occupations | 6% | |||
| Transportation and Material Moving Occupations | 20% | |||
| Motor Vehicle Operators | 6% | |||
| Driver/Sales Workers and Truck Drivers | 6% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 11% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Metal Service Centers and Other Metal Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Metal Service Centers and Other Metal Merchant Wholesalers 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 Metal Service Centers and Other Metal Merchant Wholesalers 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 Metal Service Centers and Other Metal Merchant Wholesalers industry. |
Innovation News
- Jan 12, 2024: Victory Steel Products trademarks "BUTLER LARKIN" - Casings of metal; Metal pipe couplings; Metal pipe fittings
- Jan 02, 2024: Elco trademarks "METALS DEPOT" - Retail metal supply store services and distributorshiop services in the field of raw, metal structural shapes
- Sep 09, 2023: Ram Alloys trademarks "AQUARAM" - Metallic bars for rotating equipment applications
- Aug 10, 2023: Furrion patents Refrigerator With Dual Swing Door
- Jan 04, 2018: Advanced Thermal Solutions patents Cold Plate Heat Exchanger
- Jan 04, 2018: Advanced Thermal Solutions patents Cold Plate Heat Exchanger
- Mar 14, 2017: Metal Resources Holdings raises $1 million in funding.
- Mar 14, 2017: Metal Resources Holdings raises $1 million in funding.
Recent Federal Contracts for Metal Service Centers and Other Metal Merchant Wholesalers- Mar 22, 2024: D&M METAL AND INDUSTRIAL SALES LLC (Hayes, VA) awarded $1,980
- Mar 15, 2024: PIERCE ALUMINUM COMPANY, INC. (Chesapeake, VA) awarded $9,410
- Mar 11, 2024: INDUSTRIAL METAL SALES, LLC (Mount Clemens, MI) awarded $26,688
- Mar 06, 2024: STAINLESS SHAPES, INC. (Elgin, IL) awarded $1,972
- Jan 25, 2024: MARMETAL INDUSTRIES, LLC (Hatboro, PA) awarded $20,010
- Jan 12, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $11,638
- Mar 22, 2024: D&M METAL AND INDUSTRIAL SALES LLC (Hayes, VA) awarded $1,980
- Mar 15, 2024: PIERCE ALUMINUM COMPANY, INC. (Chesapeake, VA) awarded $9,410
- Mar 11, 2024: INDUSTRIAL METAL SALES, LLC (Mount Clemens, MI) awarded $26,688
- Mar 06, 2024: STAINLESS SHAPES, INC. (Elgin, IL) awarded $1,972
- Jan 25, 2024: MARMETAL INDUSTRIES, LLC (Hatboro, PA) awarded $20,010
- Jan 12, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $11,638
