Market Overview:
Channel steel is a type of steel that has been specifically designed to be used as a structural component in building and construction projects. It is also commonly used in the automotive and machinery industries. The global channel steel market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. Some of the key factors driving this growth are the increasing demand for lightweight vehicles, rising urbanization, and growing investments in infrastructure development projects across the globe. The global channel steel market can be segmented on the basis of type into ordinary channel steel and light channel steel. Ordinary channel steels are thicker and stronger than lightchannel steels, making them more suitable for heavy-duty applications such as construction or automotive manufacturing.
Product Definition:
A steel beam with a rectangular cross-section, used to support roofs or floors.
Ordinary Channel Steel:
Ordinary channel steel is a type of cold-rolled steel sheet, which is widely used in the construction industry. It has high yield strength and low carbon content as compared to medium and high carbon steels. The product finds application in building & construction, automotive industry, appliances sector among others owing to its properties such as good formability, easy fabrication along with superior corrosion resistance. Growth of these end-use industries will drive the global demand for ordinary channel steels over the forecast period.
Light Channel Steel:
Light channel steel is a type of steel that has been processed to remove around 1.0-1.5mm from the outer edge of the sheet, thus making it thinner at the extremity. The process leaves behind an extremely sharp cutting edge which can be used for producing fine cuts in metal or plastic parts with ease and accuracy as compared to other types of steels which usually leave semi-circular or rough edges after processing.
Application Insights:
The construction application segment led the global channel steel market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to increasing infrastructure investments across various countries, including China, India and Japan.
Channel steel is used for fabrication of building structures such as beams, columns & girders for bridges & buildings on account of its superior properties including weight reduction and high strength-to-weight ratio that makes it suitable for use in heavy engineering applications. In addition, it has excellent resistance against corrosion which enhances its demand from the construction industry over the coming years.
Automotive was another prominent segment that accounted for a significant share in 2017 owing to increasing production levels of passenger cars.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, with a CAGR of XX% from 2018 to 2030. The growth can be attributed to increasing construction spending in emerging economies such as China and India along with other Southeast Asian countries. In addition, rising automotive production in this region will drive demand for steel products over the forecast period.
Europe was the second-largest market and accounted for 27% of global revenue share in 2017 owing to high product utilization across several industries including construction, automotive, machinery & equipment among others. However, sluggish growth of manufacturing sector coupled with stringent environmental regulations by European Commission regarding carbon emissions may hamper industry expansion over the coming years.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising demand for high-quality steel in the automotive industry
- Growing use of channel steel in renewable energy projects
- Increasing popularity of cold formed steel products among consumers
- Technological advancements that improve the performance and durability of channel steel products
Scope Of The Report
Report Attributes
Report Details
Report Title
Channel Steel Market Research Report
By Type
Ordinary Channel Steel, Light Channel Steel
By Application
Construction, Automotive, Machinery & Equipment, Others
By Companies
Yamato Steel, POSCO, BAOSTEEL GROUP, ArcelorMittal, Tata Steel, Mid City Steel, New Zealand Steel, Alliance Steel, JFE Steel, Grand Stee, Yamato Steel, BlueScope Steel, Aichi Steel, Tangsteel, Rizhao Steel, MA STEEL, Shandong Steel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Channel Steel Market Report Segments:
The global Channel Steel market is segmented on the basis of:
Types
Ordinary Channel Steel, Light Channel Steel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Automotive, Machinery & Equipment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yamato Steel
- POSCO
- BAOSTEEL GROUP
- ArcelorMittal
- Tata Steel
- Mid City Steel
- New Zealand Steel
- Alliance Steel
- JFE Steel
- Grand Stee
- Yamato Steel
- BlueScope Steel
- Aichi Steel
- Tangsteel
- Rizhao Steel
- MA STEEL
- Shandong Steel
Highlights of The Channel Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ordinary Channel Steel
- Light Channel Steel
- By Application:
- Construction
- Automotive
- Machinery & Equipment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Channel Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Channel steel is a type of steel that has been hardened and tempered using a process called quenching and tempering. This results in the metal being able to resist wear and tear, making it ideal for use in products that are subject to heavy use or abuse.
Some of the major players in the channel steel market are Yamato Steel, POSCO, BAOSTEEL GROUP, ArcelorMittal, Tata Steel, Mid City Steel, New Zealand Steel, Alliance Steel, JFE Steel, Grand Stee, Yamato Steel, BlueScope Steel, Aichi Steel, Tangsteel, Rizhao Steel, MA STEEL, Shandong Steel.
The channel steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Channel Steel Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Channel Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Channel Steel Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Channel Steel Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Channel Steel Market Size & Forecast, 2018-2028
4.5.1 Channel Steel Market Size and Y-o-Y Growth
4.5.2 Channel Steel Market Absolute $ Opportunity
Chapter 5 Global Channel Steel Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Channel Steel Market Size Forecast by Type
5.2.1 Ordinary Channel Steel
5.2.2 Light Channel Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Channel Steel Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Channel Steel Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Automotive
6.2.3 Machinery & Equipment
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Channel Steel Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Channel Steel Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Channel Steel Analysis and Forecast
9.1 Introduction
9.2 North America Channel Steel Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Channel Steel Market Size Forecast by Type
9.6.1 Ordinary Channel Steel
9.6.2 Light Channel Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Channel Steel Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Automotive
9.10.3 Machinery & Equipment
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Channel Steel Analysis and Forecast
10.1 Introduction
10.2 Europe Channel Steel Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Channel Steel Market Size Forecast by Type
10.6.1 Ordinary Channel Steel
10.6.2 Light Channel Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Channel Steel Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Automotive
10.10.3 Machinery & Equipment
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Channel Steel Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Channel Steel Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Channel Steel Market Size Forecast by Type
11.6.1 Ordinary Channel Steel
11.6.2 Light Channel Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Channel Steel Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Automotive
11.10.3 Machinery & Equipment
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Channel Steel Analysis and Forecast
12.1 Introduction
12.2 Latin America Channel Steel Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Channel Steel Market Size Forecast by Type
12.6.1 Ordinary Channel Steel
12.6.2 Light Channel Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Channel Steel Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Automotive
12.10.3 Machinery & Equipment
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Channel Steel Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Channel Steel Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Channel Steel Market Size Forecast by Type
13.6.1 Ordinary Channel Steel
13.6.2 Light Channel Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Channel Steel Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Automotive
13.10.3 Machinery & Equipment
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Channel Steel Market: Competitive Dashboard
14.2 Global Channel Steel Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yamato Steel
14.3.2 POSCO
14.3.3 BAOSTEEL GROUP
14.3.4 ArcelorMittal
14.3.5 Tata Steel
14.3.6 Mid City Steel
14.3.7 New Zealand Steel
14.3.8 Alliance Steel
14.3.9 JFE Steel
14.3.10 Grand Stee
14.3.11 Yamato Steel
14.3.12 BlueScope Steel
14.3.13 Aichi Steel
14.3.14 Tangsteel
14.3.15 Rizhao Steel
14.3.16 MA STEEL
14.3.17 Shandong Steel
