May 8, 2020   SOURCE: BusinessWire

United States' Iron and Steel Forging Industry, 2011-2024 (COVID-19 Adjusted) - ResearchAndMarkets.com

The "Iron and Steel Forging - 2020 U.S. Industry Market Research Report with COVID-19 Forecasts" report has been added to ResearchAndMarkets.com's offering.

This report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2011-2024. This report has updated for 2020 with 5-year forecasts due to the impact of COVID-19.

This report includes historical and forecasted industry size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, cost of materials and inventory, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.

This U.S. industry includes companies primarily engaged in manufacturing iron and steel forgings from purchased iron and steel by hammering mill shapes. companies making iron and steel forgings and further manufacturing (e.g., machining, assembling) a specific manufactured product are classified in the industry of the finished product. Iron and steel forging companies may perform surface finishing operations, such as cleaning and deburring, on the forgings they manufacture.

This report is based on extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.

Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.

Below are a few of the hundreds of stats from the report:

INDUSTRY SIZE

In 2019, industry sales were $8 billion

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INDUSTRY GROWTH

Over the past 3 years, the industry has grown at an annual rate of 4.2%

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COMPANY GROWTH

There are 351 companies in the industry

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SALES PER COMPANY

In 2019, the average sales per company was $22.8 million

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INFLATION & PRICING

2020 forecasted inflation is 1.7%

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FINANCIAL RATIO BENCHMARKS

Companies average a Fixed Asset Turnover ratio of 1.6

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RIGHTSIZING ANALYSIS

Employee productivity is $397,511

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EXPENSE BENCHMARKING

2.8% of expenses are spent on health insurance

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OPERATING EXPENSES

In 2019, industry operating expenses grew 2.2%

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PAYROLL

In 2019, payroll per employee was $58,405

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PAYROLL BY STATE

California averages $66,084 in payroll per employee

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JOB CATEGORIZATION BENCHMARKS

5.9% of employees in the industry are in management positions

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JOB CATEGORIZATION PAY RANGES

The average industry hourly pay for office and administrative jobs is $18.62

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The above highlights represent a small fraction of what you will find in this report.

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