Market Overview:
The global mechanical construction steel market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for steel in the commercial, industrial, and residential construction sectors. In terms of type, the global mechanical construction steel market is segmented into plain carbon steel (mild steel), rebar steel, and structural steel. Of these, mild carbon steels are expected to account for a major share of the market during the forecast period owing to their low cost and high strength-to-weight ratio as compared to other types of steels. In terms of application, commercial construction is expected to be one of the key drivers for growth in this market during the forecast period.
Product Definition:
Mechanical construction steel is a type of steel that is used specifically for mechanical construction purposes. This type of steel has a high strength-to-weight ratio, making it ideal for use in applications where weight is a concern. Additionally, mechanical construction steel has excellent corrosion resistance, making it ideal for use in outdoor applications.
Plain Carbon Steel (Mild Steel):
Plain carbon steel is also known as mild steel. It has a low carbon content ranging from 0.25% to 0.45%. It possesses similar properties like that of cast iron such as high strength and rigidity but has less yield stress than cast iron. This makes it suitable for applications where the yield stress is not very high, for instance, in structural parts or fittings of buildings or bridges etc.
Rebar Steel:
Rebar is a form of steel reinforcement bar that is used in concrete structures. It provides additional strength to the structure and helps in increasing the lifespan of buildings. Rebar steel consists of galvanized rebars, which are coated with zinc to prevent corrosion. Galvanization also gives an aesthetic look to the structure, making it suitable for use in high rise building construction as well.
The global mechanical construction steel market size was valued at USD 56,859 million in 2015.
Application Insights:
The global mechanical construction steel market is segmented by application into commercial construction, industrial construction, and residential construction. The residential sector accounted for the largest share in 2017 on account of increasing demand from developing countries such as India, China and Brazil. In addition to this factor, factors such as easy availability of loans at low interest rates has also positively influenced the growth of the residential sector over the past few years.
Commercial constructions are expected to grow at a CAGR exceeding 5% from 2018 to 2030 owing to rising investments in new commercial projects across various regions including North America and Europe. Factors such as growing population along with economic development have resulted in an increased need for new buildings which will subsequently increase product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and accounted for a share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing infrastructure activities, rising commercial construction spending, and rapid industrialization in emerging economies such as China and India. Moreover, growing population has led to an increase in residential constructions which will further drive the demand for steel products.
The European market was valued at USD X million in 2017 owing to high production of vehicles coupled with strong manufacturing sector growth across countries such as Germany, France, Italy etc. However; there has been a decline in automotive sales since 2018 due to economic slowdown mainly affecting Germany and France markets followed by UK & Spain among other Eastern & Central European countries). Thus; these factors are anticipated to negatively impact product demand over the coming years but will eventually recover towards end of forecast period owing heavy investments made by manufacturers regarding capacity expansion along with new product launches (electric cars).
Growth Factors:
- Increasing demand from the construction sector: The global construction industry is expected to grow at a CAGR of 4.5% during the forecast period, owing to the increasing urbanization and infrastructure development across the world. This is expected to result in an increase in demand for mechanical construction steel products, thereby driving market growth.
- Rising use of steel in green buildings: Steel is one of the most sustainable materials available and its use in green buildings is on the rise due to its ability to reduce environmental impact significantly as compared with other building materials such as concrete and aluminum. This is likely to boost market growth over the next few years.
- Growing popularity of prefabricated structures: Prefabricated structures are gaining popularity due their faster installation time, lower costs, and lesser wastage as compared with traditional construction methods. This is likely to drive market growth over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Mechanical Construction Steel Market Research Report
By Type
Plain Carbon Steel (Mild Steel), Rebar Steel, Structural Steel
By Application
Commercial Construction, Industrial Construction, Residential Construction
By Companies
Daido Steel Co, ArcelorMittal S.A, China Baowu Steel Group, Nippon Steel & Sumitomo Metal Corporation, HBIS, Pohang Iron and Steel Company, Jiangsu Shagang Group, Ansteel, JFE Steel Corporation, Tata 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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Mechanical Construction Steel Market Report Segments:
The global Mechanical Construction Steel market is segmented on the basis of:
Types
Plain Carbon Steel (Mild Steel), Rebar Steel, Structural 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
Commercial Construction, Industrial Construction, Residential Construction
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:
- Daido Steel Co
- ArcelorMittal S.A
- China Baowu Steel Group
- Nippon Steel & Sumitomo Metal Corporation
- HBIS
- Pohang Iron and Steel Company
- Jiangsu Shagang Group
- Ansteel
- JFE Steel Corporation
- Tata Steel
Highlights of The Mechanical Construction 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:
- Plain Carbon Steel (Mild Steel)
- Rebar Steel
- Structural Steel
- By Application:
- Commercial Construction
- Industrial Construction
- Residential Construction
- 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 Mechanical Construction 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.
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- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
Mechanical construction steel is a type of steel that is used in the construction industry. It is a high-strength, low-alloy steel that can be easily welded and machined.
Some of the key players operating in the mechanical construction steel market are Daido Steel Co, ArcelorMittal S.A, China Baowu Steel Group, Nippon Steel & Sumitomo Metal Corporation, HBIS, Pohang Iron and Steel Company, Jiangsu Shagang Group, Ansteel, JFE Steel Corporation, Tata Steel.
The mechanical construction steel market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Mechanical Construction Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Mechanical Construction Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Mechanical Construction Steel Market - Supply Chain
4.5. Global Mechanical Construction Steel Market Forecast
4.5.1. Mechanical Construction Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Mechanical Construction Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Mechanical Construction Steel Market Absolute $ Opportunity
5. Global Mechanical Construction Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Mechanical Construction Steel Market Size and Volume Forecast by Type
5.3.1. Plain Carbon Steel (Mild Steel)
5.3.2. Rebar Steel
5.3.3. Structural Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Mechanical Construction Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Mechanical Construction Steel Market Size and Volume Forecast by Application
6.3.1. Commercial Construction
6.3.2. Industrial Construction
6.3.3. Residential Construction
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Mechanical Construction Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Mechanical Construction Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Mechanical Construction Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Mechanical Construction Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Mechanical Construction Steel Demand Share Forecast, 2019-2026
9. North America Mechanical Construction Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Mechanical Construction Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Mechanical Construction Steel Market Size and Volume Forecast by Application
9.4.1. Commercial Construction
9.4.2. Industrial Construction
9.4.3. Residential Construction
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Mechanical Construction Steel Market Size and Volume Forecast by Type
9.7.1. Plain Carbon Steel (Mild Steel)
9.7.2. Rebar Steel
9.7.3. Structural Steel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Mechanical Construction Steel Demand Share Forecast, 2019-2026
10. Latin America Mechanical Construction Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Mechanical Construction Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Mechanical Construction Steel Market Size and Volume Forecast by Application
10.4.1. Commercial Construction
10.4.2. Industrial Construction
10.4.3. Residential Construction
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Mechanical Construction Steel Market Size and Volume Forecast by Type
10.7.1. Plain Carbon Steel (Mild Steel)
10.7.2. Rebar Steel
10.7.3. Structural Steel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Mechanical Construction Steel Demand Share Forecast, 2019-2026
11. Europe Mechanical Construction Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Mechanical Construction Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Mechanical Construction Steel Market Size and Volume Forecast by Application
11.4.1. Commercial Construction
11.4.2. Industrial Construction
11.4.3. Residential Construction
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Mechanical Construction Steel Market Size and Volume Forecast by Type
11.7.1. Plain Carbon Steel (Mild Steel)
11.7.2. Rebar Steel
11.7.3. Stuctural Steel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Mechanical Construction Steel Demand Share, 2019-2026
12. Asia Pacific Mechanical Construction Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Mechanical Construction Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Mechanical Construction Steel Market Size and Volume Forecast by Application
12.4.1. Commercial Construction
12.4.2. Industrial Construction
12.4.3. Residential Construction
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Mechanical Construction Steel Market Size and Volume Forecast by Type
12.7.1. Plain Carbon Steel (Mild Steel)
12.7.2. Rebar Steel
12.7.3. Structural Steel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Mechanical Construction Steel Demand Share, 2019-2026
13. Middle East & Africa Mechanical Construction Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Mechanical Construction Steel Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Mechanical Construction Steel Market Size and Volume Forecast by Application
13.4.1. Commercial Construction
13.4.2. Industrial Construction
13.4.3. Residential Construction
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Mechanical Construction Steel Market Size and Volume Forecast by Type
13.7.1. Plain Carbon Steel (Mild Steel)
13.7.2. Rebar Steel
13.7.3. Structural Steel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Mechanical Construction Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Mechanical Construction Steel Market: Market Share Analysis
14.2. Mechanical Construction Steel Distributors and Customers
14.3. Mechanical Construction Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Daido Steel Co
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. ArcelorMittal S.A
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. China Baowu Steel Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nippon Steel & Sumitomo Metal Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. HBIS
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Pohang Iron and Steel Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Jiangsu Shagang Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ansteel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. JFE Steel Corporation
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tata Steel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook