Global Structural Steel Market to Reach $143 Billion by 2030
The global market for Structural Steel estimated at US$103.6 Billion in the year 2023, is expected to reach US$143 Billion by 2030, growing at a CAGR of 4.7% over the period 2023-2030. Non-Residential Application, one of the segments analyzed in the report, is expected to record 4.5% CAGR and reach US$74.9 Billion by the end of the analysis period. Growth in the Residential Application segment is estimated at 5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $28 Billion, While China is Forecast to Grow at 7.8% CAGR
The Structural Steel market in the U.S. is estimated at US$28 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$30.4 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook