Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the steel structure market size evolved in recent years?

The steel structure market has shown strong expansion, with expectations of growing from $118.15 billion in 2024 to $124.72 billion in 2025 at a CAGR of 5.6%. Historic growth was attributed to rising demand for durable construction materials, ongoing infrastructure development, increased investment in industrial and commercial construction, real estate sector growth, and a shift toward prefabricated structures.

What are the predictions for the steel structure market size in the coming years?

The steel structure market is expected to witness strong growth, reaching $153.25 billion by 2029 at a CAGR of 5.3%, supported by the demand for high-strength, lightweight materials, growing commercial construction projects, increased use of steel in residential buildings, the need for earthquake-resistant structures, and the rising preference for pre-engineered buildings. Major trends include the development of advanced steel alloys, modular structures, enhanced steel recycling technologies, BIM integration, and improvements in high-strength steel applications.

Get your steel structure market report here!

https://www.thebusinessresearchcompany.com/report/steel-structure-global-market-report

What key factors are fueling the growth of the steel structure market?

The increasing investment in residential buildings is expected to propel the growth of the steel structure market. Investment is rising due to population growth, urbanization, and low interest rates, which drive housing demand. Steel structures offer enhanced strength, durability, and design flexibility, making them ideal for residential buildings. For instance, in March 2024, the Australian Bureau of Statistics reported a 3.7% increase in new private house dwellings in the first quarter of 2024. Thus, the growing investment in residential buildings is driving the steel structure market.

How is the global steel structure market divided into key segments?

The steel structuremarket covered in this report is segmented –

1) By Type: Carbon Steel Structure, Alloy Steel Structure, Special Steel Structure, Other Types

2) By Product: Angles, Channels, Rounds

3) By Application: Industrial, Commercial, Institutional, Residential

Subsegments:

1) By Carbon Steel Structure: Low Carbon Steel Structures, Medium Carbon Steel Structures, High Carbon Steel Structures, Structural Steel Beams and Columns

2) By Alloy Steel Structure: Low Alloy Steel Structures, High Alloy Steel Structures, Alloy Steel Beams and Columns, Pre-Engineered Alloy Steel Structures

3) By Special Steel Structure: Tool Steel Structures, Spring Steel Structures, Stainless Steel Structures, Corrosion-Resistant Steel Structures

4) By Other Types: Composite Steel Structures, Precast Steel Structures, Fabricated Steel Structures, Modular Steel Structures

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=19720&type=smp

Who are the key firms paving the way for growth in the steel structure market?

Major companies operating in the steel structure market are ArcelorMittal S.A., Posco Holdings Inc., ThyssenKrupp AG, Nucor Corporation, JFE Holdings Inc., Maanshan Iron and Steel Company Limited, Tata Steel Limited, Steel Dynamics Inc., United States Steel Corporation, Hyundai Steel Co. Ltd., JSW Steel Limited, Voestalpine AG, Gerdau S.A., Ansteel Group Corporation Limited, China Steel Corporation, EVRAZ plc, Salzgitter AG, Steel Authority of India Limited, BlueScope Steel Limited, SSAB AB, Outokumpu Oyj, Commercial Metals Company, Severstal PAO, Liberty Steel Group Holdings UK Ltd., Nippon Steel Corporation

Which trends are expected to transform the steel structure market?

Leading businesses in the steel structure market are introducing inventive products leveraging advanced technologies, like steel building solutions technology, to amplify building efficiency, minimize construction duration, and bolster overall structural stability. By providing cutting-edge design, pinpoint engineering, and effective construction techniques, steel building solutions technologies augment the steel structures, lessen the building time, and maximize the utilization of materials. For example, a structural steel tubes and pipes manufacturer based in India, APL Apollo, in August 2022, introduced the latest generation of steel building solutions particularly for structural steel tubes. These consist of high-strength welded steel tubes (HSS) meant for utilization in structures such as towers, bridges, cranes, roadside barriers, and sign supports. These tubes offer excellent strength and beauty, coupled with advancements like pre-fabrication and precise engineering that simplifies construction, curtails project timelines, and lowers costs.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19720

What regions are contributing significantly to the growth of the steel structure market?

Asia-Pacific was the largest region in the steel structure market in 2024. The regions covered in the steel structure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Exterior Wall Systems Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/exterior-wall-systems-global-market-report

Residential Land Planning And Development Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/residential-land-planning-and-development-global-market-report

Highway, Street, And Bridge Construction Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/highway-street-and-bridge-construction-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: