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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
Key Private Companies | ||
Government Vendors | ||
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2024 U.S. Industry Statistics & Market Forecast - Primary Metal Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Primary Metal Manufacturing:
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 | |
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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 |
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Market Forecast ($ millions) | |||||
Projected Industry Growth Rate (%) |
Industry Insights
Major trends affect the Primary Metal Manufacturing industry include:- Increased automation and robotics adoption
- Global supply chain disruptions
- Rising energy costs
- Environmental regulations and sustainability efforts
- Shift towards renewable energy sources
- Demand for lightweight and high-strength metals
- Customization and additive manufacturing (3D printing)
- Fluctuations in raw material prices
- Emergence of electric vehicles
- Trade policies and tariffs
- Technological advancements in metal processing
- Recycling and circular economy initiatives
- Local sourcing and production trends
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) |
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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 Primary Metal Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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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 Primary Metal Manufacturing 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 Primary Metal Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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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. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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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. |
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 |
||
Chief Executives | 0% | |||
General and Operations Managers | 2% | |||
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% | |||
Industrial Machinery Mechanics | 10% | |||
Production Occupations | 55% | |||
Supervisors of Production Workers | 5% | |||
First-Line Supervisors of Production and Operating Workers | 5% | |||
First-Line Supervisors of Production and Operating Workers | 5% | |||
Assemblers and Fabricators | 6% | |||
Metal Workers and Plastic Workers | 37% | |||
Forming Machine Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
Extruding and Drawing Machine Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
Rolling Machine Setters, Operators, and Tenders, Metal and Plastic | 8% | |||
Machine Tool Cutting Setters, Operators, and Tenders, Metal and Plastic | 8% | |||
Cutting, Punching, and Press Machine Setters, Operators, and Tenders, Metal and Plastic | 8% | |||
Grinding, Lapping, Polishing, and Buffing Machine Tool Setters, Operators, and Tenders, Metal and Plastic | 8% | |||
Metal Furnace Operators, Tenders, Pourers, and Casters | 6% | |||
Metal-Refining Furnace Operators and Tenders | 8% | |||
Molders and Molding Machine Setters, Operators, and Tenders, Metal and Plastic | 7% | |||
Foundry Mold and Coremakers | 7% | |||
Molding, Coremaking, and Casting Machine Setters, Operators, and Tenders, Metal and Plastic | 13% | |||
Multiple Machine Tool Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
Multiple Machine Tool Setters, Operators, and Tenders, Metal and Plastic | 6% | |||
Welding, Soldering, and Brazing Workers | 6% | |||
Welders, Cutters, Solderers, and Brazers | 6% | |||
Other Production Occupations | 10% | |||
Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
Inspectors, Testers, Sorters, Samplers, and Weighers | 6% | |||
Transportation and Material Moving Occupations | 10% | |||
Material Moving Workers | 9% | |||
Laborers and Material Movers | 7% | |||
Laborers and Freight, Stock, and Material Movers, Hand | 6% |
Primary Metal Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Primary Metal 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 Primary Metal 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 Primary Metal Manufacturing industry. |
Source:
Innovation News
- Jun 13, 2024: Materion patents Aluminum Alloys And Processes For Making Aluminum -scandium Sputtering Targets With High Uniformity And Elemental Content
- Jun 13, 2024: Materion patents Aluminum Alloys And Processes For Making Aluminum -scandium Sputtering Targets With High Uniformity And Elemental Content
- Jun 13, 2024: Novelis patents Crazing Resistant Can End Stock
- Jan 17, 2024: Krowne Metal trademarks "MOVEWELL" - BARTENDER'S WORK CENTER HAVING MOVEABLE PARTS TO ALLOW BARTENDERS TO MOVE AND SET UP THEIR BARTENDING WORKSTATION DEPENDING ON THEIR PREFERENCE AND/OR DOMINANT HAND, AND CONSISTING OF A GLASS RINSER FOR GLASS CLEANING, A KITCHEN SINK SPRAYER, A BOTTLE STORAGE IN THE NATURE OF A COMPARTMENT WITH DIVIDERS, A GARNISH SECTION IN THE NATURE OF A COMPARTMENT HAVING DIFFERENT CUPS FOR HOLDING GARNISH, A CUTTING BOARD, A MARGARITA RIMMER FOR HOLDING LIME JUICE AND SALT, A DRAINBOARD, AN ICE STORAGE, AND A MIXOLOGY STATION DIPPER WELL WITH BASKETS FOR HOLDING BAR TOOL ACCESSORIES, ALL SOLD TOGETHER AS A UNIT OR SEPARATELY
- Jan 16, 2024: Lucky Zone Design Group trademarks "BEL' SOLARE" - Sunglasses
- Jan 11, 2024: Clopay trademarks "CLOPAY MASTER AUTHORIZED DEALER" - Retail and online retail store services featuring metal and non-metal garage doors sold through authorized dealers
- May 18, 2023: Alloy Enterprises raises $29 million in funding.
- Jul 28, 2021: Phoenix Tailings raises $12 million in funding.
- Mar 18, 2021: Alloy Enterprises raises $4 million in funding.
Recent Federal Contracts for Primary Metal Manufacturing
- Apr 02, 2024: PMX INDUSTRIES INC (Cedar Rapids, IA) awarded $7,679,126
- Apr 02, 2024: METAL CULVERTS, INC. (Jefferson City, MO) awarded $60,000
- Apr 02, 2024: PREMIER & COMPANIES, INC. (Secaucus, NJ) awarded $1,990
- Apr 02, 2024: MINTON SUPPLY CO (Macon, GA) awarded $1,375
- Apr 02, 2024: WESTERN PLASTICS, INC. (Calhoun, GA) awarded $3,162
- Apr 01, 2024: WIELAND ROLLED PRODUCTS NORTH AMERICA, LLC (Louisville, KY) awarded $7,302,031
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