ADF Group - Competitors

ADF Group Competition

Now Viewing ADF Group's competition in: Fabricated Metal Parts Manufacturing

Recent Developments

Fabricated Metal Products Shipments, Orders Increase - US shipments of fabricated metal products increased 1.7 percent in the first eight months of 2008 compared to the same period a year earlier; new orders rose 1.2 percent. However, overall durable goods shipments and new orders, demand indicators for fabricated metal products, dropped 0.5 and 1.6 percent, respectively.

Industrial Production Drops - Overall US industrial production fell 1.5 percent in August 2008 compared to August 2007. The decline was more pronounced for certain sectors that can indicate demand for fabricated metal products. Industrial production of motor vehicles and parts fell 20.7 percent; household appliances, 8.3 percent; and machinery, 3 percent.

Fabricated Metal Products Imports, Exports Rise - US imports and exports of fabricated metal products rose in the first seven months of 2008 compared to the same period in 2007. Exports of fabricated metal products grew 11.4 percent; imports rose 4.7 percent. Demand for US-fabricated metal products came primarily from traditional trading partners such as Canada, Japan, and Western Europe, but also from rapidly developing economies including China and Brazil. US-made metal products faced competition from low-cost producers in China, Korea, Brazil, and mature European markets.

Competitive Landscape

Demand is driven largely by the needs of other industrial companies, and is therefore linked to economic growth. The profitability of individual companies depends on technical expertise and efficient manufacturing operations. The specialized nature and use of many products allows smaller companies to compete effectively. Despite gains in labor productivity, the industry is still fairly labor-intensive: average annual revenue per worker is close to $150,000.

Full Industry Overview For Fabricated Metal Parts Manufacturing

Fabricated Metal Parts Manufacturing Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US fabricated metal parts manufacturing is forecast to grow at an annual compounded rate of 4 percent between 2008 and 2013.

Fabricated Metal Products Growth Slowly Recovers

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.