Structural Steel Fabrication Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

A more than 150-page report is developed to help in your business decisions.

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

Lucintel 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

Q6. Which structural steel fabrication market segment will be the largest in future?

Answer: Lucintel 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, Lucintel 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?