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 Ince 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.
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 Ince 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 Stakeholders
- This 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 Segments
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
By Region
- North 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
- FUSTEEL CO.,LTD.
- Outokumpu
- Albina Co., Inc.
- eskate
- HUTA POKÓJ S.A
- BARNSHAWS
- Acerinox
- Union Steel Structure Material Co., Ltd.
- Gerdau S/A
- Chicago metal rolled products
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CURVED STEEL MARKET, BY METHOD
CHAPTER 5: CURVED STEEL MARKET, BY APPLICATION
CHAPTER 6: CURVED STEEL MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Curved Steel Market,' The curved steel market was valued at $3.8 billion in 2022, and is estimated to reach $5.7 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032.Curved steel members are produced from straight lengths of material and are bent as per the required specifications given by a bending company. The strength and stability of the steel are unaffected by the bending process. When a form has been correctly curved, without any buckling or localized cracking in the steel, the curved steel member is expected to encounter substantially smaller strains during actual service conditions than those related to the bending operation. Once the bending is complete the curved steel member performs as required. Steel is highly appealing for AESS (Architecturally Exposed Structural Steel) applications as it can be curved with little distortion. The best bending businesses adhere to internal tolerances and have a quality control system in place before they bend a steel member. The most important piece of information needed to curve a steel element is the bend's radius. The bending technique is determined by the radius requirement. For tighter radii bends, Rotary Draw and Hot Bending are utilized instead of Roll Bending, which is used for wider radii bends.
Induction bending consists of fewer welds and thus reduces fabrication costs. In addition, induction bending requires much less production time than welding separate components, thus reducing overall project delivery time. These factors are driving the demand for induction bending techniques. Induction bends are stronger than conventional elbows with uniform wall thickness and no alignment is required to match the bore of the pipe and elbow. Furthermore, Weld can be avoided at critical points (the tangents) and improves the ability to absorb pressure and stress. These factors will further boost the demand for the induction bending process. However, induction bending of a thin-wall pipe section can cause distortion, and the pipe can end up being out-of-round. The traditional solution has been simply to increase the wall thickness; however, it increases costs.
Architects are aware of the fundamental qualities and features of steel, and AISC and other business associations work hard to spread awareness about the advantages of steel framing. As steel-framed structures are often lightweight, foundation loads are reduced. The buildings also go up far more quickly and with less site preparation. The steel is sustainable and nearly 100% recyclable. The addition of precise, slick curved components increases this allure, so the roller bender is crucial to the steel building industry's capacity to compete with other types of construction. These factors are expected to boost the demand for curved steel in the building and construction industry. composite bridge designs often used multiple sets of straight girder sections to create a series of chords to a curve in response to the requirement for curved road alignment. The fabrication of girders with curved plans was more time-consuming and expensive, and the analysis of curved configurations was thought to be hard.
Curvature in the plan does not provide any significant challenges with current fabrication technology, and analysis of curved designs is rather simple with current analytical software. Curved girders are preferred by contractors as they make it easier to fix reinforcement and formwork. These factors are anticipated to boost the demand for curved steel in bridge construction. Many highway bridges inevitably hold highways that are aligned in a curved manner. The design and construction of the bridge is expected to be significantly impacted by the fact that lower-speed roads and connection roads may have a radius of curvature as low as 90 m, which causes a substantial angular change in the direction of the traffic, even across short spans. Greater radius roads for higher speeds may need longer spans, however, the curvature can still have a big impact on design and construction. steel prices have increased promptly due to a significant rise or fall in its demand and geopolitical events, which are anticipated to hinder the market expansion during the forecast period.
For commercial structures, the primary reason for using curved members is often aesthetic appeal. Architecturally exposed structural steel (AESS) standards can be used to create curved members, making exposed steel a desirable option for these structures. When compared to the overall cost of the construction, the additional cost of bending steelwork is frequently negligible. The structural effectiveness of arches, aesthetic effects, and other vertically curved components make them an appealing choice for both architects and engineers. Straight members would be problematic due to which many commercial and industrial constructions rely on horizontally curved members. Although the simplicity of curved constructions increases their aesthetic appeal, the structural behavior of curved members can differ significantly from that of straight members.
The curved steel market is segmented into method, application, and region. On the basis of method, it is categorized into induction bending, rotary draw & compression bending, cold bending, point bending & GAG pressing, and others. By application, the market is classified into bridges & ports, underground construction, stadiums & arenas, commercial building, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.The major players operating in the global curved steel market include Eskate, Gerdau S/A, Outokumpu, Acerinox, FUSTEEL CO.,LTD., Albina Co., Inc., Union Steel Structure Material Co., Ltd., Chicago metal rolled products, BARNSHAWS, and HUTA POKÓJ S.A.
Key findings of the study:
- On the basis of the method, the induction bending segment is expected to grow at a CAGR of 4.6% and has garnered more than one-fifth of the market in terms of revenue, during the forecast period.
- Depending on the application, the bridges and ports segment is expected to grow at a CAGR of 4.4%, in terms of revenue, during the forecast period.
- Region-wise, Asia-Pacific garnered more than two-fifth of the market share in 2022 in terms of revenue.
Companies Mentioned
- 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.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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