2023 U.S. Industry Statistics & Market Forecast - Prefabricated Metal Building & Component Manufacturing

Published: May 2023

Industry Insights

The Prefabricated Metal Building & Component Manufacturing industry has been experiencing significant changes in recent years. These changes have been driven by various factors, including technological advancements, changes in consumer demand, rising competition, and evolving regulation. Some of the key trends affecting this industry include:

1. Adoption of advanced technology: The industry is embracing advanced technology such as 3D printing, robotics, offsite construction, and construction management software to speed up the manufacturing process, lower costs, and improve efficiency.

2. Growing demand for sustainable buildings: There is an increasing focus on environmentally friendly construction methods, and prefabricated metal buildings are being used more often due to their durability and recyclability.

3. Increased customization: Customers are demanding more customization options in their buildings, and manufacturers are responding by providing new designs, finishes, and materials.

4. Growth in offsite construction: The industry is experiencing growth in the offsite construction segment, as it offers shorter construction times and increased cost savings.

5. Government regulations: There has been an increased focus on safety and quality standards, which has led to stricter government regulations that manufacturers must adhere to.

6. Globalization: The industry is experiencing increased globalization, with more manufacturers from emerging markets entering the market and the expansion of manufacturing facilities to new regions.

7. Changing supply chains and logistics: Supply chains are becoming more complex, and manufacturers are investing in logistics technology to improve delivery times, increase supply chain visibility, and enhance reliability.

Overall, these trends are causing significant disruption in the Prefabricated Metal Building & Component Manufacturing industry, and manufacturers who adapt to these changes will be the ones that succeed in the long run.

Product & Services Breakdown

Research products and services in the Prefabricated Metal Building & Component Manufacturing 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
Prefabricated Metal Building And Component Manufacturing
Prefabricated Metal Building And Component Systems (Excluding Farm Service Buildings, Residential Buildings, And Parts)
Other Prefabricated And Portable Metal Buildings And Parts
Prefabricated Metal Building And Component Manufacturing, Not Categorized, Total
Total Miscellaneous Receipts
Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

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

Source: AnythingResearch Analysis of U.S. federal statistics

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	6%	Order at top of page
Chief Executives	0%
General and Operations Managers	3%
Office and Administrative Support Occupations	9%
Production Occupations	59%
Assemblers and Fabricators	11%
Miscellaneous Assemblers and Fabricators	8%
Metal Workers and Plastic Workers	29%
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic	7%
Machinists	8%
Machinists	8%
Welding, Soldering, and Brazing Workers	8%
Welders, Cutters, Solderers, and Brazers	8%
Other Production Occupations	14%
Computer Numerically Controlled Tool Operators and Programmers	5%
Transportation and Material Moving Occupations	6%

Source: Bureau of Labor Statistics

Prefabricated Metal Building & Component Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Prefabricated Metal Building & Component Manufacturing 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 Prefabricated Metal Building & Component Manufacturing 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 Prefabricated Metal Building & Component Manufacturing industry.

Executive Briefings

In all segments, we face competition from local and regional companies, as well as national companies, in substantially all of our current markets. We compete with several large national and international companies in our ground level office product line. Our competitors include lessors of storage units, mobile offices, van trailers and other structures used for portable storage. We also compete with conventional fixed self-storage facilities. In our Storage Solutions segments, we compete primarily in terms of security, convenience, product quality, broad product selection and availability, rental rates and customer service. In our Storage Solutions business, our largest competitors are WillScot Corporation, PODS, Pac-Van, 1‑800-PACK-RAT, Haulaway Storage Containers, ModSpace, McGrath RentCorp, and Wernick Hire, along with other national, regional and local companies. The liquid and solid containment industry is highly fragmented, consisting principally of local providers, with a handful of regional and national providers. In our Tank Mobile Mini

Government Contracts

In 2022, the federal government spent a total of $183,990,894 on Prefabricated Metal Building & Component Manufacturing. It has awarded 311 contracts to 161 companies, with an average value of $1,142,801 per company.   

Most Recent Contracts	Date	Total Award Amount