The Fabricated Metal Product Manufacturing industry has declined over the past five years due to strong competition from cheaper imports, particularly from China. These foreign companies are able to operate with far lower wage and overhead costs, and subsequently pass cost savings on to their global customers in the form of lower product prices. As a result, domestic manufacturers have found it increasingly difficult to compete on price over the past five years. In addition, weaker activity in downstream construction and manufacturing markets has filtered upstream and restricted demand for a range of industry products.
Companies in the industry primarily manufacture metal hand tools, general hardware and other fabricated metal products. Industry products include door handles, bathroom fittings, cutlery, razors, knives, firearms, ammunition, locks and safes.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.