Global Structural Steel Market 2024-2028
Structural Steel Market 2024-2028
The structural steel market is forecasted to grow by USD 30559.1 mn during 2023-2028, accelerating at a CAGR of 4.9% during the forecast period. The report on the structural steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing steel production in developing countries, growing demand from construction industry, and technological advancements.
Technavio's structural steel market is segmented as below:
By Product
- Beams
- Angles
- Channels
- Round
- Others
By End-user
- Non-residential
- Residential
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the increasing inorganic growth by vendors as one of the prime reasons driving the structural steel market growth during the next few years. Also, expansion of production facilities by vendors and increasing sustainable practices will lead to sizable demand in the market.
The report on the structural steel market covers the following areas:
- Structural Steel Market sizing
- Structural Steel Market forecast
- Structural Steel Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading structural steel market vendors that include ArcelorMittal, Baogang (Shandong) Iron and Steel Co.,Ltd., Deepak Steel India, Gerdau Special Steel, Harwal Group, Hyundai Steel Co., JSW Steel, Kamdhenu Ltd., Kobe Steel Ltd., Mahavir Steel Industries Ltd., MSP Steel and Power Ltd., MVC Corp, Nucor Corp., Primegold International Ltd., Qingdao Wuxiao Group Co. Ltd., Shyam Metalics, Tata Steel Ltd., and YENA Engineering. Also, the structural steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.