Structural Steel Fabrication Trends and Forecast
The future of the global structural steel fabrication market looks promising with opportunities in the construction, automotive, manufacturing, energy & power, electronics, and defense & aerospace markets. The global structural steel fabrication market is expected to reach an estimated $307.2 billion by 2030 with a CAGR of 10.3% from 2024 to 2030. The major drivers for this market are the surge in demand for metal 3D printing and the number of structures, growing expansion in the building sector, as well as, expansion in the automotive industry.Structural Steel Fabrication by Segment
The study includes a forecast for the global structural steel fabrication by service, application, and region.Structural Steel Fabrication Market by Service [Shipment Analysis by Value from 2018 to 2030]
- Metal Forming
- Shearing
- Metal Cutting
- Metal Shearing
- Metal Stamping
- Machining
- Metal Rolling
- Others
Structural Steel Fabrication Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Construction
- Automotive
- Manufacturing
- Energy & Power
- Electronics
- Defense & Aerospace
- Others
Structural Steel Fabrication Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Structural Steel Fabrication Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies structural steel fabrication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the structural steel fabrication companies profiled in this report include-- Aman
- O’Neal Manufacturing Service
- BTD Manufacturing
- TATA Steel
- Matcor-Matsu Group
- Mayville Engineering Comp
- Defiance Metal Products
Structural Steel Fabrication Market Insights
The publisher forecasts that machining will remain the largest segment over the forecast period due to scientific and technological advancements, the fast growth of automated equipment and technologies, and the growing variety of applications for machines.APAC will remain the largest region over the forecast period due to the presence of emerging countries such as India, China, and Japan owing to the high population density in these areas and additional requirement for the residential houses.
Features of the Global Structural Steel Fabrication Market
- Market Size Estimates: Structural steel fabrication market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Structural steel fabrication market size by service, application, and region in terms of value ($B).
- Regional Analysis: Structural steel fabrication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different service, application, and regions for the structural steel fabrication market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the structural steel fabrication market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the structural steel fabrication market size?Answer: The global structural steel fabrication market is expected to reach an estimated $307.2 billion by 2030.
Q2. What is the growth forecast for structural steel fabrication market?
Answer: The global structural steel fabrication market is expected to grow with a CAGR of 10.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the structural steel fabrication market?
Answer: The major drivers for this market are the surge in demand for metal 3D printing and the number of structures, growing expansion in the building sector, as well as, expansion in the automotive industry.
Q4. What are the major segments for structural steel fabrication market?
Answer: The future of the global structural steel fabrication market looks promising with opportunities in the construction, automotive, manufacturing, energy & power, electronics, and defense & aerospace markets.
Q5. Who are the key structural steel fabrication market companies?
Answer: Some of the key structural steel fabrication companies are as follows:
- Aman
- O’Neal Manufacturing Service
- BTD Manufacturing
- TATA Steel
- Matcor-Matsu Group
- Mayville Engineering Comp
- Defiance Metal Products
Answer: The publisher forecasts that machining will remain the largest segment over the forecast period due to scientific and technological advancements, the fast growth of automated equipment and technologies, and the growing variety of applications for machines.
Q7. In structural steel fabrication market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to the presence of emerging countries such as India, China, and Japan owing to the high population density in these areas and additional requirement for the residential houses.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the structural steel fabrication market by service (metal forming, shearing, metal cutting, metal shearing, metal stamping, machining, metal rolling, and others), application (construction, automotive, manufacturing, energy & power, electronics, defense & aerospace, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Structural Steel Fabrication Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Aman
- O’Neal Manufacturing Service
- BTD Manufacturing
- TATA Steel
- Matcor-Matsu Group
- Mayville Engineering Comp
- Defiance Metal Products
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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