Market Overview:
The global steel fabrication market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel in various end-use industries, such as automotive, shipping, infrastructure, railways, aviation, power & energy and machine goods. In addition, the growing population and rising disposable income are also contributing to the growth of this market. On the basis of type, carbon steel is expected to account for a major share of the global steel fabrication market during 2018-2030. This can be attributed to its low cost as compared to other types of steels such as alloy and stainless steels. Furthermore, carbon steels are extensively used in various end-use industries owing their properties such as high strength-to-weight ratio and corrosion resistance. Based on application, automotive is projected to be one of the fastest growing segments during 2018–2030 due its increasing demand from developing countries across regions including Asia Pacific and Latin America.
Product Definition:
Steel fabrication is the process of creating steel structures by cutting, bending, and welding pieces of steel. Steel fabrication is important because it allows us to create strong and durable structures like bridges, buildings, and ships.
Carbon Steel:
Carbon steel is one of the important raw materials used in the manufacturing of various products such as pipes, tanks, structural shapes and fabricated parts. It is also used as a source for producing stainless steel. Carbon steel has less yield strength compared to stainless steel but has higher toughness and ductility due to which it finds application in heavy-duty applications such as machinery, automotive & transportation equipment and building & construction industry.
Alloy Steel:
Alloy steel is a combination of iron and other metals, which results in better strength than plain carbon steel. It has good malleability, ductility & weldability and corrosion resistance. The cost of alloy steel is usually higher than that of plain carbon steels but it has longer life & less maintenance costs. Alloy steels are used for fabrication in construction industry due to its high strength properties which make them suitable for building structures such as bridges, skyscrapers etc.
Application Insights:
The automotive application segment accounted for a volume share of over 30% in 2017. The global steel fabricationation industry has witnessed significant growth owing to the increasing demand for vehicles and other metal products from the automotive sector. Automotive is one of the most important applications in terms of revenue as well as volume, which contributes to nearly 40% of total market revenues.
Automotive was followed by shipping which accounted for around 19% share in 2017 due to rising demand from various end-use industries including construction and general machinery. Infrastructure is expected to be another key end-use industry with considerable growth opportunities over the forecast period owing to rapid urbanization coupled with increasing government spending on infrastructure projects across various regions globally including North America, Europe, Asia Pacific and Middle East & Africa.
Regional Analysis:
Asia Pacific dominated the global steel fabrication market in 2016 and is expected to continue its dominance over the forecast period. The region accounted for a share of nearly 54% of the total revenue in 2016 owing to high demand from various end-use industries, such as automotive, shipping, infrastructure, and others. China is projected to remain a key consumer and producer across this region due to low production cost coupled with availability of cheap labor force.
The Asia Pacific regional market was followed by Europe that accounted for nearly 23% share in 2016 owing to growing demand from several end-use sectors including machinery & equipment manufacturing; home appliances; construction materials including windows/doors/roofs components; railings & balustrades; etc. In addition European Union (EU) has imposed stringent regulations on carbon emissions which are likely drive industry growth over the next eight years or so.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising demand for steel in automotive sector
- Growing use of steel in renewable energy sector
- Increasing adoption of advanced manufacturing technologies
- Proliferation of smart cities
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Fabrication Market Research Report
By Type
Carbon Steel, Alloy Steel, Stainless Steel, Tool Steel
By Application
Automotive, Shipping, Infrastructure, Railways, Aviation, Power & Energy, Machine Goods, Home Appliances, Others
By Companies
O’Neal Manufacturing Service, BTD Manufacturing, Kapco Metal Stamping, Mayville Engineering Company, Watson Engineering, Defiance Metal Products, Standard Iron & Wire Works, Ironform, EVS Metal, LancerFab Tech, Interplex Holdings, Global Fabricators, Fabtech Group, Xiamen Wenzhong Stainless Steel Product, Shanghai Canhu Industry
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Steel Fabrication Market Report Segments:
The global Steel Fabrication market is segmented on the basis of:
Types
Carbon Steel, Alloy Steel, Stainless Steel, Tool 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
Automotive, Shipping, Infrastructure, Railways, Aviation, Power & Energy, Machine Goods, Home Appliances, 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:
- O’Neal Manufacturing Service
- BTD Manufacturing
- Kapco Metal Stamping
- Mayville Engineering Company
- Watson Engineering
- Defiance Metal Products
- Standard Iron & Wire Works
- Ironform
- EVS Metal
- LancerFab Tech
- Interplex Holdings
- Global Fabricators
- Fabtech Group
- Xiamen Wenzhong Stainless Steel Product
- Shanghai Canhu Industry
Highlights of The Steel Fabrication 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:
- Carbon Steel
- Alloy Steel
- Stainless Steel
- Tool Steel
- By Application:
- Automotive
- Shipping
- Infrastructure
- Railways
- Aviation
- Power & Energy
- Machine Goods
- Home Appliances
- 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 Fabrication 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:
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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?
Steel fabrication is the process of creating a steel product from a raw material. The most common type of steel fabrication is hot rolling, in which the metal is heated to a high temperature and then rolled into thin sheets. Other types of steel fabrication include cold rolling, which removes less heat than hot rolling, and forging, in which the metal is heated until it becomes malleable and then shaped into objects.
Some of the major players in the steel fabrication market are O¢â‚¬â„¢Neal Manufacturing Service, BTD Manufacturing, Kapco Metal Stamping, Mayville Engineering Company, Watson Engineering, Defiance Metal Products, Standard Iron & Wire Works, Ironform, EVS Metal, LancerFab Tech, Interplex Holdings, Global Fabricators, Fabtech Group, Xiamen Wenzhong Stainless Steel Product, Shanghai Canhu Industry.
The steel fabrication market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Fabrication 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. Steel Fabrication Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Fabrication Market - Supply Chain
4.5. Global Steel Fabrication Market Forecast
4.5.1. Steel Fabrication Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Fabrication Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Fabrication Market Absolute $ Opportunity
5. Global Steel Fabrication 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. Steel Fabrication Market Size and Volume Forecast by Type
5.3.1. Carbon Steel
5.3.2. Alloy Steel
5.3.3. Stainless Steel
5.3.4. Tool Steel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Fabrication 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. Steel Fabrication Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Shipping
6.3.3. Infrastructure
6.3.4. Railways
6.3.5. Aviation
6.3.6. Power & Energy
6.3.7. Machine Goods
6.3.8. Home Appliances
6.3.9. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Fabrication 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. Steel Fabrication 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 Steel Fabrication 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. Steel Fabrication 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 Steel Fabrication Demand Share Forecast, 2019-2029
9. North America Steel Fabrication 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 Steel Fabrication 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 Steel Fabrication Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Shipping
9.4.3. Infrastructure
9.4.4. Railways
9.4.5. Aviation
9.4.6. Power & Energy
9.4.7. Machine Goods
9.4.8. Home Appliances
9.4.9. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Fabrication Market Size and Volume Forecast by Type
9.7.1. Carbon Steel
9.7.2. Alloy Steel
9.7.3. Stainless Steel
9.7.4. Tool 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 Steel Fabrication Demand Share Forecast, 2019-2029
10. Latin America Steel Fabrication 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 Steel Fabrication 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 Steel Fabrication Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Shipping
10.4.3. Infrastructure
10.4.4. Railways
10.4.5. Aviation
10.4.6. Power & Energy
10.4.7. Machine Goods
10.4.8. Home Appliances
10.4.9. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Fabrication Market Size and Volume Forecast by Type
10.7.1. Carbon Steel
10.7.2. Alloy Steel
10.7.3. Stainless Steel
10.7.4. Tool 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 Steel Fabrication Demand Share Forecast, 2019-2029
11. Europe Steel Fabrication 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 Steel Fabrication 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 Steel Fabrication Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Shipping
11.4.3. Infrastructure
11.4.4. Railways
11.4.5. Aviation
11.4.6. Power & Energy
11.4.7. Machine Goods
11.4.8. Home Appliances
11.4.9. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Fabrication Market Size and Volume Forecast by Type
11.7.1. Carbon Steel
11.7.2. Alloy Steel
11.7.3. Stainless Steel
11.7.4. Tool 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 Steel Fabrication Demand Share, 2019-2029
12. Asia Pacific Steel Fabrication 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 Steel Fabrication 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 Steel Fabrication Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Shipping
12.4.3. Infrastructure
12.4.4. Railways
12.4.5. Aviation
12.4.6. Power & Energy
12.4.7. Machine Goods
12.4.8. Home Appliances
12.4.9. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Fabrication Market Size and Volume Forecast by Type
12.7.1. Carbon Steel
12.7.2. Alloy Steel
12.7.3. Stainless Steel
12.7.4. Tool 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 Steel Fabrication Demand Share, 2019-2029
13. Middle East & Africa Steel Fabrication 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 Steel Fabrication 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 Steel Fabrication Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Shipping
13.4.3. Infrastructure
13.4.4. Railways
13.4.5. Aviation
13.4.6. Power & Energy
13.4.7. Machine Goods
13.4.8. Home Appliances
13.4.9. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Fabrication Market Size and Volume Forecast by Type
13.7.1. Carbon Steel
13.7.2. Alloy Steel
13.7.3. Stainless Steel
13.7.4. Tool 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 Steel Fabrication Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Steel Fabrication Market: Market Share Analysis
14.2. Steel Fabrication Distributors and Customers
14.3. Steel Fabrication Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ONeal Manufacturing Service
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BTD Manufacturing
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kapco Metal Stamping
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mayville Engineering Company
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Watson Engineering
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Defiance Metal Products
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Standard Iron & Wire Works
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ironform
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. EVS Metal
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LancerFab Tech
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Interplex Holdings
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Global Fabricators
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Fabtech Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xiamen Wenzhong Stainless Steel Product
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Shanghai Canhu Industry
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
