Fabricated Structural Steel Market Size, Share & Industry Analysis, By Product (Rebar, Light Sectional Steel, Heavy Sectional Steel), By End-Use Industry (Construction, Manufacturing, Automotive, Defence & Aerospace, Energy & Power ) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI105365 | Status : Ongoing

KEY INDUSTRY INSIGHTS

The procedure of fabricated structural steel involves welding, grinding, cutting, drilling, bending, punching, melting, or burning. In this process, some pieces of steel are composed to form predefined shapes, sizes, and different structures based on the application requirement. Furthermore, fabricated structural steel offers flexibility, high Strength, sustainability, relatively low cost, and visual appeal. It is usually fabricated to create structures such as trusses, beams, angles, hollow sections, and plates. The high adoption of structural steel can be seen in construction, manufacturing, automotive, defense & aerospace, and energy & power.

Rising disposable income, rapid industrialization in various countries, and increasing urbanization are some of the factors that contribute in boosting the construction industry. Thereby aids in surging the demand for fabricated structural steel. The properties such as cost-effectiveness, high stability, and durability make structural steel a preferred choice in the construction industry. Also, it has the maximum strength-to-weight ratios of any building material. It is suitable for both residential and commercial buildings. Hence, increasing demand will fuel the fabricated structural steel market growth during the review period.

However, fluctuation in the prices of structural steel impacts the overall demand and restricts its adoption in various applications. Hence, this is anticipated to hamper the market growth.

Key Market Driver -

The rapid growth in the construction industry will boost the product consumption.

Key Market Restraint -

Fluctuation in the prices to hamper the market growth

Market Segmentation:

Based on product, the fabricated structural steel market is rebar, light sectional steel, and heavy sectional steel. Based on end-use industry, the market is segmented into construction, manufacturing, automotive, defence & aerospace, and energy & power. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the fabricated structural steel market include Anyang Group Co. Ltd., Nippon Steel & Sumitomo Metal Corporation, Bohai Group, Wuhan Iron & Steel (Group) Corp, Nucor Corporation, Hebei Group, LancerFab Tech Pvt. Ltd, Watson Engineering, Anshan Iron & Steel Group Corporation and Tata Steel Limited.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness highest growth in the fabricated structural steel market. The rapidly growing construction industry in countries such as China and India will fuel the market growth in this region. The rising demand for light sectional steel from the aerospace & defense industry will aid to fuel the market growth in North America. In Europe, growth is due to rapid development in the automotive industry. The Middle East & Africa is anticipated to witness significant growth, owing to the rising demand for rebar fabricated steel in the energy & power industries.

To gain extensive insights into the market, Request for Customization

Segmentation

ATTRIBUTES	DETAILS
By Product	Rebar Light Sectional Steel Heavy Sectional Steel
By End-Use Industry	Construction Manufacturing Automotive Defence & Aerospace Energy & Power
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

REQUEST SAMPLE

SPEAK TO ANALYST

Fabricated Structural Steel Market Report

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Chemicals & Materials Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]