Global Steel Structural Design Software Market by Type (2D, 3D, Others), By Application (Building, Tower, Home, Bridge, Others) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global steel structural design software market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for steel in various end-use industries, such as building & construction, automotive, and others. In terms of type, the global steel structural design software market is segmented into 2D software, 3D software, and others. The 3D segment is expected to grow at a higher CAGR during the forecast period owing to its ability to provide an accurate view of the structure under consideration. In terms of application, the global steel structural design software market is divided into building & construction; tower; home; bridge; and others (marine structures etc.). The building & construction segment accounted for a major share of the overall market in 2017 and is projected to grow at a higher rate during the forecast period.



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Product Definition:

Steel Structural Design Software is used to design steel structures. It is important because it can help designers create safe, efficient, and economical designs.

2D:

2D is a technique used to create two-dimensional images. It is an old and simple method of creating images. The 2D image creation can be achieved by using various devices such as pen, marker, crayon, camera or scanner. The common way of storing the created image is through the use of paper and other printing materials along with various electronic mediums like CD-ROMs and DVDs that store digital versions of the image.

3D:

3D is an interactive computer graphics technology that allows the user to view and modify a 3-dimensional model of any object. The technology has gained popularity in recent years owing to its wide range of applications in various industries such as entertainment, construction, manufacturing, etc. In the steel industry too this technology finds a lot of application for designing and analyzing structural problems related to beams, columns & other parts.

Application Insights:

Building was the largest application segment in 2016 and accounted for a market share of over 50% in 2017. The growth can be attributed to increasing construction activities across various applications, such as residential, commercial, and infrastructure. In addition, growing demand for high-quality steel products from various end-use industries is expected to drive the product demand over the forecast period.

The tower segment is anticipated to witness significant growth during the forecast period owing to its rising use in oil & gas industry buildings as well as power generation plants. Growing need for energy storage has led to an increase in tower structures around the world; this trend is likely to continue driving software adoption during future phases of development.

The home application segment accounted for a revenue share of 10% by volume.

Regional Analysis:

Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is anticipated to grow at a CAGR exceeding 6% from 2018 to 2030. This growth can be attributed to increasing infrastructure activities, coupled with growing construction spending by domestic as well as foreign investors due to low labor costs in countries such as China, India, Philippines, Vietnam among others.

The Middle East & Africa steel structural design software market was valued at over USD X million in 2017 owing high investments being made for development of various infrastructure projects including airports (Saudi Arabia), seaports (UAE) among others which are projecteded drive demand for steel structural designs software over the forecast period.

Growth Factors:

Increasing demand for steel in construction industry: The global construction industry is expected to grow at a CAGR of more than 5% during the forecast period. This is mainly attributed to the increasing urbanization and infrastructure development across the world. Steel is one of the most commonly used materials in construction and its usage is expected to increase further in the coming years, thereby driving the demand for steel structural design software.
Rising awareness about safety and security: With terrorist attacks becoming increasingly common, people are becoming more aware about safety and security issues related to buildings and other structures. As a result, there is an increasing demand for software that can help designers create safe and secure structures using steel as a primary material.
Growing popularity of prefabricated buildings: Prefabricated or modular buildings are gaining popularity due to their faster installation time, lower costs, and sustainability benefits over traditional construction methods. Steel structural design software helps designers quickly create detailed designs for prefabricated buildings using various types of steel sections/profiles. This will help boost the market growth during the forecast period..


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Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Structural Design Software Market Research Report
By Type
2D, 3D, Others
By Application
Building, Tower, Home, Bridge, Others
By Companies
Autodesk, Tekla, RSTAB, Edilus Steel, RAM 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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.

Global Steel Structural Design Software Market Report Segments:
The global Steel Structural Design Software market is segmented on the basis of:
Types
2D, 3D, Others
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
Building, Tower, Home, Bridge, 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:
Autodesk
Tekla
RSTAB
Edilus Steel
RAM Steel



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Highlights of The Steel Structural Design Software 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:
2D
3D
Others
By Application:
Building
Tower
Home
Bridge
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 Steel Structural Design Software 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

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