Curved Steel Market By Method (Induction bending, Rotary draw and compression bending, Cold Bending, Point Bending and GAG pressing, Others), By Application (Bridges and ports, Underground construction, Stadiums and arenas, Commercial buildings, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032
The Curved Steel Market was valued at $3.8 billion in 2022 and is estimated to reach $5.7 billion by 2032, exhibiting a CAGR of 4.2% from 2023 to 2032.
Curved steel is a specialized type of steel that is manufactured or fabricated into curved or bent shapes, rather than straight. It finds application in various industries, including architecture, construction, automotive, and manufacturing. Curved steel offers unique design possibilities and structural advantages, making it popular in the construction of bridges, stadiums, sculptures, and other curved structures. curved iron and steel structures have been in existence since the mid-19th century, there has been little guidance covering the design of curved steel elements. When forces are applied to a curved steel member, a number of effects that are not applicable to straight members need to be considered. Different effects must be considered if the member is curved in elevation or curved in plan.
Bridges are lifelines for communities, connecting families to their loved ones, students to school, workers to their jobs, goods to stores, and providing critical access and evacuation routes in case of an emergency. Bridge projects also create good-paying construction jobs. Canada has one of the world's largest economies and is one of the world's wealthiest countries. The foundation of its economy is construction, which is in charge of creating and maintaining the built infrastructure of cities, towns, and villages. Around 50 skyscrapers have been erected in significant cities like Toronto, Vancouver, and Calgary over the past ten years, reflecting the impressive growth in infrastructure and construction. 6,500 projects totaling thousands of kilometers of roads and motorways were funded by Infrastructure Canada.
In addition, Vice President Harris and senior administration officials has unveil over $300 million for nine bridge projects, financed by the Bipartisan Infrastructure Law's Bridge Investment Programme, in both rural and urban regions in eight states and the district of Columbia. These bridges serve over 230,000 vehicles combined per day, and the investments will save taxpayers time and money by reducing congestion and making long-overdue improvements. These factors will drive the demand for curved steel in the North America region.Various new projects of bridge construction projects that commenced in the North America like portal bridge enhancement, i-70 Rocheport bridge & Mineola climbing lanes, Sherman Minton bridge rehabilitation, Rumson-sea bright bridge replacement, and cape Canaveral spaceport Indian river bridge replacement. These factors are projected to further boost the demand for curved steel.
The curved steel market is segmented into method, application, and region. By method, it is classified into induction bending, rotary draw & compression bending, cold bending, point bending & GAG pressing and others. By application, the market is categorized into bridges & ports, underground construction, stadiums & arenas, commercial buildings, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
The report highlights numerous factors that influence the growth of the global curved steel market. This report further outlines the current trends and key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and the role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key market players to increase their market share and sustain the intense competition in the industry.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the curved steel market analysis from 2022 to 2032 to identify the prevailing curved steel market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the curved steel market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global curved steel market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy MethodInduction bending
Rotary draw and compression bending
Cold Bending
Point Bending and GAG pressing
Others
By ApplicationBridges and ports
Underground construction
Stadiums and arenas
Commercial buildings
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
UK
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Acerinox
Albina Co., Inc.
BARNSHAWS
Chicago metal rolled products
eskate
FUSTEEL CO.,LTD.
Gerdau S/A
HUTA POKÓJ S.A
Outokumpu
Union Steel Structure Material Co., Ltd.
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