US Metal Service Center Revenue to Reach $165 Billion in 2022

CLEVELAND, June 22, 2018 /PRNewswire/ -- Revenues of US metal service centers are forecast to total $165 billion in 2022, according to Metal Services: United States, a report recently released by Freedonia Focus Reports. Expanding durable goods output and construction activity will boost demand for primary metal products and support sales.

Metal service center revenues from industrial customers are projected to expand through 2022, remaining the largest market segment. Gains will be driven by an increase in the production of industrial equipment.

More information about the report is available at
https://www.freedoniafocusreports.com/Metal-Services-United-States-FF95056/

These and other key insights are featured in Metal Services: United States. This report forecasts to 2022 the revenues of US metal service centers in nominal US dollars at the wholesale level. Total revenues are segmented by product in terms of:

• ferrous metals
• nonferrous metals

Total revenues are also segmented by market as follows:

• industrial
• resale
• construction
• operations
• export
• other markets such as consumer and repair shops

To illustrate historical trends, total revenues and the various segments are provided in annual series from 2007 to 2017.

Each month, The Freedonia Group ? a division of MarketResearch.com ? publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Services & Industries reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output
• segmentation by products and markets
• identification of market drivers, constraints, and key indicators
• segment-by-segment outlook in five-year forecasts
• a survey of the supply base
• suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected]

SOURCE The Freedonia Group