Global Structural Steel Fabrication Market Overview:
According to SPER Market Research, the Global Structural Steel Fabrication Market is estimated to reach USD 217.38 billion by 2030 with a CAGR of 3.8%. Metal welding, machining, metal shaping, metal cutting, metal shearing, metal folding, metal rolling, metal punching, and metal stamping are the basic categories of services in structural steel fabrication. The fabrication technique is known as "metal shearing" is used to trim or remove extra material from metal, mostly to cut the metal into smaller sizes and various forms. The numerous goods, which are utilized in industries such as aerospace, automotive, construction, defence, electronics, energy and power, manufacturing, mining, and others, include carbon steel, alloy steel, stainless steel, tool steel, and others.
The market for structural steel fabrication is anticipated to expand in the future due to the expanding construction sector. Due to continuing urbanization, upcoming infrastructure projects, and an expanding population base, the construction industry is expanding. Due to its strength, longevity, tensile strength, and low cost, structural steel is used in the construction industry for a wide range of items. The design and construction of high-rise buildings, homes, bridges, and other structures can all be done using this method.
A significant trend gaining traction in the structural steel fabrication industry is the introduction of CNC Plasma cutting machines by steel fabricators in their manufacturing facilities for precision steel cutting. A plasma cutter is used in a CNC plasma machine to cut metals from weak to heavy along a multi-axis grid. Since a computer rather than a human being is in charge of programming and controlling the cut, the CNC method has an advantage over handled plasma cutting systems.
For the past 20 years, the structural steel fabrication market has seen spending on the usage of 3D model-driven technology to simplify fabrication to increase quality and reduce waste. As a result, steel is being used in extremely cost-effective, BIM (Building Information Modelling)-enabled, and scalable ways to meet customer demand. The market for the fabrication of structural steel has been driven by developments in tooling technologies. With greater accuracy and economic efficiency, this innovative technology conserves energy.
Impact of COVID-19 on the Global Structural Steel Fabrication Market:
The COVID-19 epidemic has caused a significant drop in the construction and transportation sectors. Currently, the COVID-19 epidemic is anticipated to have several immediate and long-term effects on the construction sector, which is anticipated to have an impact on the market for structural steel fabrication.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By Product, By Service, By End-User
|
| Geographies covered | Asia Pacific, North America, Europe, Latin America, Middle East, Africa |
| Companies Covered | Apex Buildsys Limited, Anyang Group Co. Ltd, Bohai Group, BTD Manufacturing, Baogang Group, Engineering Ltd., EVS Metal, Ironform Holdings Co., Lenex Steel, O'Neal Manufacturing Service, POSCO, Richard L. Sensenig Company, Structural Steelworks & Engineering Ltd., Structural Fabrications Ltd., Steel LLC., Sujana Group, Tata Steel, Watson Engineering, Wuhan Group, Zamil Steel Buildings India Private Limited. |
Global Structural Steel Fabrication Market Segmentation:
By Product: Based on the Product, Global Structural Steel Fabrication Market is segmented as; Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel.
By Service: Based on the Service, Global Structural Steel Fabrication Market is segmented as; Metal Welding, Machining, Metal Forming, Metal Cutting, Metal Shearing, Metal Folding, Metal Rolling, Metal Punching, Metal Stamping.
By End User: Based on the End-User, Global Structural Steel Fabrication Market is segmented as; Aerospace, Automotive, Construction, Defence and Aerospace, Electronics, Energy and Power, Manufacturing, Mining, Others.
By Region: The Global Structural Steel Fabrication Market is majorly driven by Asia-Pacific. During the projected period, Asia-Pacific is anticipated to have the quickest rate of growth in the worldwide Global Structural Steel Fabrication Market.
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary data
2.1.2. Primary data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Structural Steel Fabrication Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL analysis
5.2.1. Political landscape
5.2.2. Economic landscape
5.2.3. Social landscape
5.2.4. Technological landscape
5.2.5. Environmental landscape
5.2.6. Legal landscape
5.3. PORTER’S five forces analysis
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of Buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat map analysis
6. Global Structural Steel Fabrication Market, By Product, 2019-2030 (USD Million)
6.1. Carbon Steel
6.2. Alloy Steel
6.3. Stainless Steel
6.4. Tool Steel
7. Global Structural Steel Fabrication Market, By Service, 2019-2030 (USD Million)
7.1. Metal Welding
7.2. Machining
7.3. Metal Forming
7.4. Metal Cutting
7.5. Metal Shearing
7.6. Metal Folding
7.7. Metal Rolling
7.8. Metal Punching
7.9. Metal Stamping
8. Global Structural Steel Fabrication Market, By End User, 2019-2030 (USD Million)
8.1. Aerospace
8.2. Automotive
8.3. Construction
8.4. Defence and Aerospace
8.5. Electronics
8.6. Energy and Power
8.7. Manufacturing
8.8. Mining
8.9. Others
9. Global Structural Steel Fabrication Market, By Region, 2019-2030 (USD Million)
9.1. North America
9.1.1. United States
9.1.2. Canada
9.1.3. Mexico
9.2. Europe
9.2.1. Germany
9.2.2. United Kingdom
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe
9.3. Asia-Pacific
9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Australia
9.3.5. South Korea
9.3.6. Rest of Asia-Pacific
9.4. South America
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Rest of South America
9.5. Middle East & Africa
9.5.1. Kingdom of Saudi Arabia
9.5.2. United Arab Emirates
9.5.3. Rest of Middle East & Africa
10. Company Profiles
10.1. Apex Buildsys Limited
10.1.1. Company details
10.1.2. Financial outlook
10.1.3. Product summary
10.1.4. Recent developments
10.2. Anyang Group Co. Ltd
10.2.1. Company details
10.2.2. Financial outlook
10.2.3. Product summary
10.2.4. Recent developments
10.3. Bohai Group
10.3.1. Company details
10.3.2. Financial outlook
10.3.3. Product summary
10.3.4. Recent developments
10.4. BTD Manufacturing
10.4.1. Company details
10.4.2. Financial outlook
10.4.3. Product summary
10.4.4. Recent developments
10.5. Baogang Group
10.5.1. Company details
10.5.2. Financial outlook
10.5.3. Product summary
10.5.4. Recent developments
10.6. Engineering Ltd.
10.6.1. Company details
10.6.2. Financial outlook
10.6.3. Product summary
10.6.4. Recent developments
10.7. EVS Metal
10.7.1. Company details
10.7.2. Financial outlook
10.7.3. Product summary
10.7.4. Recent developments
10.8. Ironform Holdings Co.
10.8.1. Company details
10.8.2. Financial outlook
10.8.3. Product summary
10.8.4. Recent developments
10.9. Lenex Steel
10.9.1. Company details
10.9.2. Financial outlook
10.9.3. Product summary
10.9.4. Recent developments
10.10. O'Neal Manufacturing Service
10.10.1. Company details
10.10.2. Financial outlook
10.10.3. Product summary
10.10.4. Recent developments
10.11. POSCO
10.11.1. Company details
10.11.2. Financial outlook
10.11.3. Product summary
10.11.4. Recent developments
10.12. Richard L. Sensenig Company
10.12.1. Company details
10.12.2. Financial outlook
10.12.3. Product summary
10.12.4. Recent developments
10.13. Structural Steelworks & Engineering Ltd.
10.13.1. Company details
10.13.2. Financial outlook
10.13.3. Product summary
10.13.4. Recent developments
10.14. Structural Fabrications Ltd
10.14.1. Company details
10.14.2. Financial outlook
10.14.3. Product summary
10.14.4. Recent developments
10.15. Steel LLC.
10.15.1. Company details
10.15.2. Financial outlook
10.15.3. Product summary
10.15.4. Recent developments
10.16. Sujana Group
10.16.1. Company details
10.16.2. Financial outlook
10.16.3. Product summary
10.16.4. Recent developments
10.17. Tata Steel
10.17.1. Company details
10.17.2. Financial outlook
10.17.3. Product summary
10.17.4. Recent developments
10.18. Watson Engineering
10.18.1. Company details
10.18.2. Financial outlook
10.18.3. Product summary
10.18.4. Recent developments
10.19. Wuhan Group
10.19.1. Company details
10.19.2. Financial outlook
10.19.3. Product summary
10.19.4. Recent developments
10.20. Zamil Steel Buildings India Private Limited
10.20.1. Company details
10.20.2. Financial outlook
10.20.3. Product summary
10.20.4. Recent developments