Sheet Metal, Window and Door Manufacturing: Navigating Market Trends, Private Company Multiples and Valuation.
Industry: Sheet Metal, Window and Door Manufacturing
Naics: 332321
The Sheet Metal, Window & Door Manufacturing industry has demonstrated resilience and adaptability in recent years, navigating through complex economic challenges. Despite pandemic-related disruptions and economic uncertainties, the industry has maintained growth momentum. Revenue has expanded at a CAGR of 3.5%, reaching $67.8 billion in 2024, with a projected 0.5% growth in the current year and a profit margin of 8.4%.
Market Size and Projections
The U.S. sheet metal, window, and door manufacturing market is projected to grow from $67.8 billion in 2024 to $76.1 billion by 2029, with a CAGR of 2.3%. This growth is supported by the Infrastructure Investment and Jobs Act (IIJA), which will drive demand for architectural metal products through infrastructure and energy efficiency projects. The global metal fabrication market is expected to reach $234.5 billion by 2028, growing at a CAGR of 8.5%.
Workforce and Employment
The industry employs approximately 180,000 workers in the United States. Production occupations constitute 59% of the total workforce, with an average annual wage of $54,230. Employment is expected to grow at a steady rate of 3% through 2029, driven by increased construction activities and infrastructure development.
Industry Structure
The sheet metal, window, and door manufacturing sector comprises approximately 4,500 establishments in the U.S., with 88% having fewer than 20 employees. The industry is characterized by a mix of small specialized manufacturers and larger companies serving national and regional markets. Metal windows, frames, and fixtures represent the largest segment of the industry.
Future Outlook
The future of the Sheet Metal, Window & Door Manufacturing industry looks promising, with several key trends emerging:
As the industry continues to evolve, manufacturers who embrace innovation and adaptability will be best positioned for success.
How to Grow Your Sheet Metal, Window & Door Manufacturing Business
Success in this competitive landscape requires strategic approaches: