Global Structural Steel Fabrication Market Overview And Prospects – Includes Structural Steel Fabrication Market Trends
Learn about the global structural steel fabrication market through The Business Research Company, which provides information on structural steel fabrication market size, structural steel fabrication market drivers and restraints, structural steel fabrication market players, the COVID-19 impact on the structural steel fabrication market, and more.
The global structural steel fabrication market size is expected to grow from $123.08 billion in 2021 to $141.72 billion in 2022 at a compound annual growth rate (CAGR) of 15.1%. The global structural steel fabrication market size is then expected to grow to $211.76 billion in 2026 at a CAGR of 10.6%.
The growing construction industry will drive the growth of the structural steel fabrication market.
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The structural steel fabrication market consists of sales of structural steel fabrication services and related products by entities (organizations, sole traders, and partnerships) that refer to a set of activities conducted to convert raw materials into different shapes by steel fabricators. Structural steel fabrication is the process of cutting, bending, shaping, and assembling steel into various structures with predetermined sizes and shapes designed for assembly into buildings, industrial equipment, tools, and various other final products.
Global Structural Steel Fabrication Market Segments Include:
By Service: Metal Welding, Machining, Metal Forming, Metal Cutting, Metal Shearing, Metal Folding, Metal Rolling, Metal Punching, Metal Stamping
By Product: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel
By End-User: Aerospace, Automotive, Construction, Defense and Aerospace, Electronics, Energy and Power, Manufacturing, Mining, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the structural steel fabrication market in 2021.
The introduction of CNC Plasma cutting machines by steel fabricators in their manufacturing plants for precise steel cutting is a major trend gaining popularity in the structural steel fabrication market. In a CNC plasma machine, a plasma cutter is employed to cut thin to thick metals along a multi-axis grid. The CNC technique has an advantage over handled plasma cutting devices since the cut is programmed and controlled by a computer rather than human actions.
Major Market Players: O’Neal Manufacturing Service, BTD Manufacturing, EVS Metal, Defiance Metal Products, LancerFab Tech Pvt. Ltd, Mayville Engineering Company, Watson Engineering, Tata Steel, Zamil Steel Buildings India Private Limited, Sujana Group, Apex Buildsys Limited, Ironform Holdings Co., Bohai Group, Anyang Group Co. Ltd, Wuhan Group, POSCO, Hebei Group, Baogang Group, Gerdau S.A., JSW Steel, POSCO, Taylor and Watson Ltd, STI Group, Richard L. Sensenig Company, Structural Steelworks & Engineering Ltd., Structural Fabrications Ltd, Lenex Steel, and Steel LLC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Structural Steel Fabrication Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides structural steel fabrication market overviews, analyzes and forecasts market size, share, structural steel fabrication market players, structural steel fabrication market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s structural steel fabrication market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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