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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 2022-2029

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.


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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)



  • Ongoing
  • 2021
  • 2018-2020

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