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PRESS RELEASE: 2018 Annual Market Study Now Available to MCA Members
Author: Jennifer Smith
Location: Chicago, IL
August 30, 2018 - CHICAGO, IL - The Metal Construction Association (MCA) has published the 2018 Consolidated Statistical Study, which was originally presented by Randy Giggard of FMI Corporation at MCA's Annual Summer Meeting on June 19th in Rosemont, IL. The study is now provided in its entirety in the Members-Only Area of the association's web site, www.metalconstruction.org.
The report evaluates the position of metal roofing and wall products across the Residential, Agricultural, Commercial, Industrial and Institutional sectors. "This is an important, in-depth analysis for anyone involved in metal construction," says Karl Hielscher, MCA's Executive Director. "It assesses not only current trends but also what the future holds for our industry here in North America."
Key findings of the study include:
• The metals industry is continuing to gain market share in both roof and wall products across all markets sectors examined.
• Metal construction spending is projected to reach $2.8B and $1.8B for roof and wall products respectively by 2021.
• Metal is regarded as a premium roofing and wall cladding material.
• Metal wall products have a lower labor cost and total installed cost than the primary competing materials.
• Key market trends will continue to provide a "tailwind" for the metals industry, including adoption of solar power and energy codes.
In addition to accessing this report and others in the Members-Only Area, association members also enjoy benefits related to networking, education, and collaborative research. Those who aren't yet members can apply for membership on the same web site, www.metalconstruction.org.
About the Metal Construction Association
The Metal Construction Association brings together a diverse industry for the purpose of expanding the use of metal in construction through marketing, research, technology and education. Companies involved in MCA gain tremendous benefit from association activities that focus on research, codes and standards, market development, and technical programs. MCA's market development efforts increase the use of metal materials in construction through the education of the building and design communities about the benefits of metal. For more information visit: www.metalconstruction.org.
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