Global Structural Steel Fabrication Market Report 2022 – Market Forecast, Trends And Strategies

The global structural steel fabrication market size is expected to grow from $123.08 billion in 2021 to $141.72 billion in 2022 at a compound annual growth rate (CAGR) of 15.1%. The global structural steel fabrication market size is then expected to grow to $211.76 billion in 2026 at a CAGR of 10.6%.

What is the Global Structural Steel Fabrication Market?

The structural steel fabrication market consists of sales of structural steel fabrication services and related products by entities (organizations, sole traders, and partnerships) that refer to a set of activities conducted to convert raw materials into different shapes by steel fabricators. Structural steel fabrication is the process of cutting, bending, shaping, and assembling steel into various structures with predetermined sizes and shapes designed for assembly into buildings, industrial equipment, tools, and various other final products.

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What drives the Global Structural Steel Fabrication Market?

The growing construction industry is expected to propel the growth of the structural steel fabrication market going forward. The construction industry is rising as a result of ongoing urbanization, impending infrastructural projects, and a growing population base. The construction sector uses structural steel for a variety of products due to its strength, durability, tensile strength, and low cost. It is the ideal option for designing and fabricating high-rise buildings, residential buildings, bridges, and other structures. For instance, according to the global construction review report published in 2021, construction will be a driving force in global economic growth in the decade to 2030, with output estimated to be 35% greater than in the previous ten years to 2020. Hence, the growing construction industry will drive the growth of the structural steel fabrication market.

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Global Structural Steel Fabrication Market Segments
The global structural steel fabrication market is segmented:
By Service: Metal Welding, Machining, Metal Forming, Metal Cutting, Metal Shearing, Metal Folding, Metal Rolling, Metal Punching, Metal Stamping
By Product: Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel
By End-User: Aerospace, Automotive, Construction, Defense and Aerospace, Electronics, Energy and Power, Manufacturing, Mining, Others
By Geography: The regions covered in the structural steel fabrication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Structural Steel Fabrication Global Market Report 2022provides market size and growth forecasts for the global structural steel fabrication market, global structural steel fabrication market share, structural steel fabrication market segments and geographies, structural steel fabrication market competitive landscape including leading competitors’ revenues, profiles and market shares. The structural steel fabrication market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Structural Steel Fabrication Industry Playersinclude O'Neal Manufacturing Service, BTD Manufacturing, EVS Metal, Defiance Metal Products, LancerFab Tech Pvt. Ltd, Mayville Engineering Company, Watson Engineering, Tata Steel, Zamil Steel Buildings India Private Limited, Sujana Group, Apex Buildsys Limited, Ironform Holdings Co., Bohai Group, Anyang Group Co. Ltd, Wuhan Group, POSCO, Hebei Group, Baogang Group, Gerdau S.A., JSW Steel, POSCO, Taylor and Watson Ltd, STI Group, Richard L. Sensenig Company, Structural Steelworks & Engineering Ltd., Structural Fabrications Ltd, Lenex Steel, and Steel LLC. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.