Park-Ohio Holdings - Competitors

Park-Ohio Holdings Competition

Now Viewing Park-Ohio Holdings's competition in: Fabricated Metal Parts Manufacturing (primary)

Recent Developments

Stability Expected in Metal Forming Sector - North American metal forming companies expect business conditions to remain fairly steady during second quarter 2008, according to the Precision Metalforming Association. Of the metal forming companies surveyed, 30 percent expect more orders, down from 31 percent in August; 42 percent expect no change, up from 39 percent in August; and 28 percent anticipate a decrease, down from 30 percent in August.

Aviation Industry Drives Durable Goods Orders Up - </strong>New US durable goods orders, a driver of demand for fabricated metal parts, rose 3 percent in January 2008 compared to January 2007. Growth was led by an 84.3 percent increase in orders for nondefense aircraft and parts, and a 61.3 percent increase in defense aircraft and parts; new orders for motor vehicles and parts fell 7.6 percent.

US Auto Sales Expected to Decline in 2008 - </strong>US auto sales, a driver of demand for fabricated metal parts, will fall about 2.5 percent in 2008 compared to 2007, according to NADA, due to weakening economic conditions. NADA predicts that the US won't slip into recession in 2008, however, and expects the economy to improve in the second half of the year.

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 large 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 2.3 percent between 2007 and 2012.

Fabricated Metal Products Growth Even

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.