Structural Steel Market Opportunities 2031
Structural steel is basically used for building construction. These types of steel come in different shapes and sizes that depend upon their application. Structural steel has features such as high tensile strength, durability, and easy fabrication that makes it useful for a number of applications. This steel is basically used in making towers, high-rise buildings, bridges, long-span structures, sports stadiums, portal frames, and buildings.
MARKET DYNAMICS
The structural steel market is going to rise due to its number of applications in different industries such as transport, construction, mining, energy, and many others. The features of structural steel such as corrosion resistance, durability, high tensile strength make it applicable for various applications. There has been a rise in the non-residential and residential buildings across the world, which is driving the structural steel market. An increase in the construction of shopping malls and office spaces have also increased the demand for structural steel.
MARKET SCOPE
The "Global Structural Steel Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the structural steel market with detailed market segmentation by product, application and geography. The global structural steel market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading structural steel market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The Global Structural Steel Market is segmented on the basis of product and application. On the basis of product, the market is segmented into heavy structural steel and light structural steel. On the basis of application, the market is segmented into residential, non-residential, industrial, station and hangers, bridges and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global structural steel market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The structural steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the structural steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the structural steel market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global structural steel market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The structural steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the structural steel market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the structural steel market in these regions.
MARKET PLAYERS
The reports cover key developments in the structural steel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from structural steel market are anticipated to lucrative growth opportunities in the future with the rising demand for structural steel in the global market. Below mentioned is the list of few companies engaged in the structural steel market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the structural steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- ArcelorMittal S.A
- SHAGANG GROUP Inc.
- HBIS GROUP
- Nippon Steel Corporation
- POSCO
- Shyam Steel
- China Steel Structure Co.
- HYUNDAI-STEEL
- Tata Structura
- Jindal Steel & Power Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Structural Steel Market - By Product
1.3.2 Structural Steel Market - By Application
1.3.3 Structural Steel Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STRUCTURAL STEEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. STRUCTURAL STEEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. STRUCTURAL STEEL MARKET - GLOBAL MARKET ANALYSIS
6.1. STRUCTURAL STEEL - GLOBAL MARKET OVERVIEW
6.2. STRUCTURAL STEEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STRUCTURAL STEEL MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. HEAVY STRUCTURAL STEEL
7.3.1. Overview
7.3.2. heavy structural steel Market Forecast and Analysis
7.4. LIGHT STRUCTURAL STEEL
7.4.1. Overview
7.4.2. light structural steel Market Forecast and Analysis
8. STRUCTURAL STEEL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENTIAL
8.3.1. Overview
8.3.2. residential Market Forecast and Analysis
8.4. NON-RESIDENTIAL
8.4.1. Overview
8.4.2. non-residential Market Forecast and Analysis
8.5. INDUSTRIAL
8.5.1. Overview
8.5.2. industrial Market Forecast and Analysis
8.6. STATION AND HANGERS
8.6.1. Overview
8.6.2. station and hangers Market Forecast and Analysis
8.7. BRIDGES
8.7.1. Overview
8.7.2. bridges Market Forecast and Analysis
8.8. OTHERS.
8.8.1. Overview
8.8.2. others. Market Forecast and Analysis
9. STRUCTURAL STEEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Structural Steel Market Overview
9.1.2 North America Structural Steel Market Forecasts and Analysis
9.1.3 North America Structural Steel Market Forecasts and Analysis - By Product
9.1.4 North America Structural Steel Market Forecasts and Analysis - By Application
9.1.5 North America Structural Steel Market Forecasts and Analysis - By Countries
9.1.5.1 United States Structural Steel Market
9.1.5.1.1 United States Structural Steel Market by Product
9.1.5.1.2 United States Structural Steel Market by Application
9.1.5.2 Canada Structural Steel Market
9.1.5.2.1 Canada Structural Steel Market by Product
9.1.5.2.2 Canada Structural Steel Market by Application
9.1.5.3 Mexico Structural Steel Market
9.1.5.3.1 Mexico Structural Steel Market by Product
9.1.5.3.2 Mexico Structural Steel Market by Application
9.2. EUROPE
9.2.1 Europe Structural Steel Market Overview
9.2.2 Europe Structural Steel Market Forecasts and Analysis
9.2.3 Europe Structural Steel Market Forecasts and Analysis - By Product
9.2.4 Europe Structural Steel Market Forecasts and Analysis - By Application
9.2.5 Europe Structural Steel Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Structural Steel Market
9.2.5.1.1 Germany Structural Steel Market by Product
9.2.5.1.2 Germany Structural Steel Market by Application
9.2.5.2 France Structural Steel Market
9.2.5.2.1 France Structural Steel Market by Product
9.2.5.2.2 France Structural Steel Market by Application
9.2.5.3 Italy Structural Steel Market
9.2.5.3.1 Italy Structural Steel Market by Product
9.2.5.3.2 Italy Structural Steel Market by Application
9.2.5.4 United Kingdom Structural Steel Market
9.2.5.4.1 United Kingdom Structural Steel Market by Product
9.2.5.4.2 United Kingdom Structural Steel Market by Application
9.2.5.5 Russia Structural Steel Market
9.2.5.5.1 Russia Structural Steel Market by Product
9.2.5.5.2 Russia Structural Steel Market by Application
9.2.5.6 Rest of Europe Structural Steel Market
9.2.5.6.1 Rest of Europe Structural Steel Market by Product
9.2.5.6.2 Rest of Europe Structural Steel Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Structural Steel Market Overview
9.3.2 Asia-Pacific Structural Steel Market Forecasts and Analysis
9.3.3 Asia-Pacific Structural Steel Market Forecasts and Analysis - By Product
9.3.4 Asia-Pacific Structural Steel Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Structural Steel Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Structural Steel Market
9.3.5.1.1 Australia Structural Steel Market by Product
9.3.5.1.2 Australia Structural Steel Market by Application
9.3.5.2 China Structural Steel Market
9.3.5.2.1 China Structural Steel Market by Product
9.3.5.2.2 China Structural Steel Market by Application
9.3.5.3 India Structural Steel Market
9.3.5.3.1 India Structural Steel Market by Product
9.3.5.3.2 India Structural Steel Market by Application
9.3.5.4 Japan Structural Steel Market
9.3.5.4.1 Japan Structural Steel Market by Product
9.3.5.4.2 Japan Structural Steel Market by Application
9.3.5.5 South Korea Structural Steel Market
9.3.5.5.1 South Korea Structural Steel Market by Product
9.3.5.5.2 South Korea Structural Steel Market by Application
9.3.5.6 Rest of Asia-Pacific Structural Steel Market
9.3.5.6.1 Rest of Asia-Pacific Structural Steel Market by Product
9.3.5.6.2 Rest of Asia-Pacific Structural Steel Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Structural Steel Market Overview
9.4.2 Middle East and Africa Structural Steel Market Forecasts and Analysis
9.4.3 Middle East and Africa Structural Steel Market Forecasts and Analysis - By Product
9.4.4 Middle East and Africa Structural Steel Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Structural Steel Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Structural Steel Market
9.4.5.1.1 South Africa Structural Steel Market by Product
9.4.5.1.2 South Africa Structural Steel Market by Application
9.4.5.2 Saudi Arabia Structural Steel Market
9.4.5.2.1 Saudi Arabia Structural Steel Market by Product
9.4.5.2.2 Saudi Arabia Structural Steel Market by Application
9.4.5.3 U.A.E Structural Steel Market
9.4.5.3.1 U.A.E Structural Steel Market by Product
9.4.5.3.2 U.A.E Structural Steel Market by Application
9.4.5.4 Rest of Middle East and Africa Structural Steel Market
9.4.5.4.1 Rest of Middle East and Africa Structural Steel Market by Product
9.4.5.4.2 Rest of Middle East and Africa Structural Steel Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Structural Steel Market Overview
9.5.2 South and Central America Structural Steel Market Forecasts and Analysis
9.5.3 South and Central America Structural Steel Market Forecasts and Analysis - By Product
9.5.4 South and Central America Structural Steel Market Forecasts and Analysis - By Application
9.5.5 South and Central America Structural Steel Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Structural Steel Market
9.5.5.1.1 Brazil Structural Steel Market by Product
9.5.5.1.2 Brazil Structural Steel Market by Application
9.5.5.2 Argentina Structural Steel Market
9.5.5.2.1 Argentina Structural Steel Market by Product
9.5.5.2.2 Argentina Structural Steel Market by Application
9.5.5.3 Rest of South and Central America Structural Steel Market
9.5.5.3.1 Rest of South and Central America Structural Steel Market by Product
9.5.5.3.2 Rest of South and Central America Structural Steel Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. STRUCTURAL STEEL MARKET, KEY COMPANY PROFILES
11.1. ARCELORMITTAL S.A
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CHINA STEEL STRUCTURE CO.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. HBIS GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HYUNDAI-STEEL
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. JINDAL STEEL AND POWER LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NIPPON STEEL CORPORATION
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. POSCO
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHAGANG GROUP INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHYAM STEEL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TATA STRUCTURA
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. ArcelorMittal S.A
2. China Steel Structure Co.
3. HBIS GROUP
4. HYUNDAI-STEEL
5. Jindal Steel and Power Ltd
6. Nippon Steel Corporation
7. POSCO
8. SHAGANG GROUP Inc.
9. Shyam Steel
10. Tata Structura
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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