Structural Steel Fabrication Market on Track for 4.2% CAGR Growth Through 2030

Posted by chemicalTechExpert from the Agriculture category at 10 Mar 2025 06:06:52 am.

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Global Structural Steel Fabrication Market Poised for Steady Growth
The Global Structural Steel Fabrication Market is projected to experience steady growth, driven by increasing demand from the construction, automotive, and manufacturing sectors. According to Maximize Market Research, the market is expected to reach approximately USD 226.77 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period.
Competitive Landscape
The structural steel fabrication industry is characterized by the presence of several key players, including ArcelorMittal, Nippon Steel, Baosteel Group, and POSCO. These companies are focusing on strategic initiatives such as mergers and acquisitions to strengthen their market position and expand their global footprint.
To delve deeper into this research, kindly explore the following link:
https://www.maximizemarketresearch.com/request-sample/16290/
Regional Demand Highlights
The Asia Pacific region is expected to witness significant growth in the structural steel fabrication market, attributed to rapid industrialization and urbanization. Countries like China and India are investing heavily in infrastructure development, thereby boosting the demand for structural steel fabrication services.The Asia Pacific region presents significant opportunities in the structural steel fabrication market. Nippon Steel, Japan's leading steel manufacturer, is pursuing a $15 billion bid to acquire U.S. Steel as part of its strategy to expand into growing overseas markets like India, Southeast Asia, and the U.S. This acquisition is seen as essential for Nippon Steel's future growth amid declining domestic demand.
Segmentation Analysis
by Service
Metal Welding
Metal Forming
Shearing
Metal Cutting
Metal Shearing
Metal Stamping
Machining
Metal Rolling
Other
During the forecast period, the machining sector holds the largest market share. The market for structural steel fabrication is expected to expand due to its extensive machining technology, fastest-growing trend, and focus on providing precision machined parts and weldments to the transportation, agricultural, and military sectors. It also offers comprehensive machinery manufacturing and rebuilding services.
by Application
type Construction
Automotive
Manufacturing
Energy & Power
Electronics
Defence & Aerospace
Other
The market with the quickest rate of growth during the projection period is the construction segment. Government regulations for improved safety and precaution, rising disposal income, faster global construction, and the growing significance of environmentally friendly products in various infrastructures have all contributed to the growth of the structural steel fabrication market.
by Product Type
Heavy Sectional Steel
Light Sectional Steel
Other Product Types
For additional insights into this study, please refer to:
https://www.maximizemarketresearch.com/request-sample/16290/
Key Market Participants:
1. Nucor Corporation
2. O’Neal Manufacturing Service
3. BTD Manufacturing
4. KapcoMayville Engineering Company
5. Watson Engineering
6. Bohai Group
7. Nippon Steel & Sumitomo Metal Corporation
8. Tata Limited
9. HSC Ltd.
10. Anyang Group Co. Ltd
11. Wuhan Group
12. POSCO
13. Hebei Group
14. Anshan Iron & Steel Group Corporation
15. Defiance Metal Products
16. Standard Iron & Wire Works
17. Ironform Corporation
18. EVS Metal
19. LancerFab Tech Pvt. Ltd
20. Interplex Holdings Pvt. Ltd
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