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US Steel Framing Industry Research Report: Persistence in Interest Rate Increases Parallel to a Decline in Steel Price is Expected to Stymie Market Performance

1. Steel framing industry post-pandemic shows stable profits and a projected growth rate. 2. Industry revenue reached $25.7 billion in 2023, up 0.6% from previous year. 3. Market growth rate stands at an annualized 2.7% over the past five years.

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FAQ

Why Bullish?

Steady growth and stable profits indicate potential for future price increases, similar to past recovery trends.

How important is it?

The report outlines key industry performance and growth factors that could influence stock valuations.

Why Long Term?

Predicted growth rates and stable demand suggest benefits may be realized over several years.

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Dublin, Jan. 23, 2025 (GLOBE NEWSWIRE) -- The "Steel Framing in the US - Industry Market Research Report" report has been added to ResearchAndMarkets.com's offering. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.The Steel Framing industry fabricates and erects structural parts made from steel or precast concrete, which are vital in the construction of building structures, exteriors, metal storage tanks and other infrastructure projects. The market for steel erection services only includes work that can be distinctly contracted out as a component of construction rather than general construction services. Profit remained stable at the onset of the five-year period to 2023; however, the pandemic has roiled demand for industry services and has caused industry profit to dip in line with a depleted nonresidential construction market. Overall, industry revenue exhibited strong growth of an annualized 2.7% over the past five years, including an increase of 0.6% in 2023 to reach $25.7 billion. This industry comprises contractors that install steel and precast concrete to produce structural elements, building exteriors and elevator fronts. The industry also includes the installation of other steel products (e.g. setting rods, bars, rebar, mesh and cages) to reinforce poured-in-place concrete, cooling towers and metal storage tanks. The structural steel erection work performed includes new work, additions, alterations, reconstruction, maintenance and repairs.Key Topics Covered:ABOUT THIS INDUSTRY Industry DefinitionMain ActivitiesSimilar IndustriesAdditional Resources INDUSTRY AT A GLANCE INDUSTRY PERFORMANCE Executive SummaryKey External DriversCurrent PerformanceIndustry OutlookIndustry Life Cycle PRODUCTS & MARKETS Supply ChainProducts & ServicesDemand DeterminantsMajor MarketsInternational TradeBusiness Locations COMPETITIVE LANDSCAPE Market Share ConcentrationKey Success FactorsCost Structure BenchmarksBasis of CompetitionBarriers to EntryIndustry Globalization OPERATING CONDITIONS Capital IntensityTechnology & SystemsRevenue VolatilityRegulation & PolicyIndustry Assistance KEY STATISTICS Industry DataAnnual ChangeKey Ratios About ResearchAndMarkets.comResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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