• Blog
  • x

    We are working from home under lockdown. Our team is continuously tracking the impact of COVID-19 across different industries and we will incorporate those insights in our reports. For any specific query, mail us at [email protected]

    Structural Steel Market | Covid-19 Impact Analysis

    Structural Steel Market | Covid-19 Impact Analysis

    Structural Steel Market | Covid-19 Impact Analysis
    Report code - SRCE173 Delivery - 2 Weeks
    Structural Steel Market Size, Share, Trend, Forecast, & Industry Analysis 
    See more...
    Purchase Report
    notch

    Impact of COVID-19 on Structural Steel Market

    Covid-19 has impacted the market dynamics, competition, and global...

    See more...

    Impact of COVID-19 on Structural Steel Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Structural Steel Market Insights

    Structural steel market is likely to witness an impressive CAGR of 7.1% during the forecast period. The prime factor that is contributing to the demand for structural steel is the growing construction industry.

    Structural Steel Market – Snapshot

    Growth

    7.1% for the next five years

    Key Product Type

    Heavy Structural Steel

    Major Application Type

    Residential

    Region with the highest demand

    Asia-Pacific

    Key Players

    ArcelorMittal S.A., Shagang Group Company Limited, Hesteel Group Company Limited, Nippon Steel & Sumitomo Metal Corporation,      POSCO, VISA Steel, Steel Authority of India Limited, Anyang Iron &      Steel Group Co., Ltd., and China BaoWu Steel Group Corporation     Limited.

     

    Market Share Analysis

    Structural-Steel-Market-Dominant-Segments

    Wish to Get a Free Sample? Click here

    Structural Steel Market Share: By Product Type

    Based on the product type, the market is segmented as heavy structural steel, light structural steel, and rebars. The heavy structural steel segment is expected to maintain its commanding position over the forecast period, driven by the increasing infrastructural spending across the globe.

    Structural Steel Market Share: By Application Type

    Based on the application type, the market is segmented as residential, non-residential, and industrial. The residential segment is estimated to grow with the highest CAGR over the forecast period owing to rapid urbanization, especially in developing nations.

    Structural Steel Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest market for structural steel during the forecast period. The region’s market growth is attributed to the rapid residential, non-residential and infrastructural developments in the emerging economies, such as India and China. Europe and North America are also expected to offer substantial growth opportunities during the forecast period.

    Structural-Steel-Market-By-Region

    Know which region offers best growth opportunities. Click here

    Some of the major players in the structural steel market are- 

    • ArcelorMittal S.A.
    • Shagang Group Company Limited
    • Hesteel Group Company Limited
    • Nippon Steel & Sumitomo Metal Corporation
    • POSCO
    • VISA Steel
    • Steel Authority of India Limited
    • Anyang Iron & Steel Group Co., Ltd.
    • China BaoWu Steel Group Corporation Limited.

     

    Market Scope & Segmentation

    Structural steel is a category of steel construction material that is produced with a particular shape or cross section, and some specified values of chemical composition and strength. The composition of structural steel, strength, size, shape, and storage are controlled in most advanced countries.

    The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Structural Steel Market Research Report – Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    9

     

    The structural steel market is segmented into the following categories. 

    Structural Steel Market Size, Share, & Forecast, by Product Type:

    • Heavy Structural Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Light Structural Steel (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Rebars (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Structural Steel Market Size, Share, & Forecast, by Application Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Structural Steel Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Structural-Steel-Market-Segmentation

    Want to know the most attractive market segments? Click here

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by product type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Structural Steel Market in the foreseeable future?

    The structural steel market is expected to witness an impressive growth of 7.1% CAGR in the foreseeable future.

    Who are the key players in the Structural Steel Market?

    ArcelorMittal S.A., Shagang Group Company Limited, Hesteel Group Company Limited, Nippon Steel & Sumitomo Metal Corporation, POSCO, VISA Steel, Steel Authority of India Limited, Anyang Iron & Steel Group Co., Ltd., and China BaoWu Steel Group Corporation Limited are among the key players in the structural steel market.

    Which country/region is expected to be the largest Structural Steel Market?

    Asia-Pacific is expected to remain the largest market for structural steel during the next five years.

    Which product type is expected to remain dominant in the Structural Steel Market?

    The heavy structural steel segment is expected to remain dominant product type in the structural steel market in the coming years.

    •   
    FREE SAMPLE