Market Overview:
The global structural steel fabrication market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for fabricated structural steel in the construction, automotive, manufacturing, and energy & power industries. In terms of type, metal welding is expected to hold the largest share of the global structural steel fabrication market during the forecast period. This can be attributed to its growing usage in various end-use industries owing to its properties such as high strength-to-weight ratio and corrosion resistance. In terms of application, construction is expected to hold the largest share of the global structural steel fabrication market duringthe forecast period.
Product Definition:
Structural steel fabrication is the process of creating structural steel shapes by cutting, welding, and assembling pieces of steel. Structural steels are used in buildings and bridges to provide support and strength. The importance of structural steel fabrication lies in the fact that it allows for the creation of custom-shaped pieces of steel that can be assembled into a variety of structures.
Metal Welding:
Metal welding is a process of joining two or more metals with the help of heat and pressure. It is one of the important processes in fabrication industries. The growth factor for metal welding in construction industry can be attributed to increasing demand from end-user industries such as infrastructure, automotive, marine, energy & power and consumer goods coupled with rising government support through FDI policies & incentives towards infrastructural development across emerging economies including India, China and Brazil among others.
Machining:
Machining is the process of converting a raw or semi-finished material into a finished product by using various tools and machines. In steel fabrication, machining is used to produce sections from flat sheets and also to cut structural shapes out of large pieces of metal. The use of machining in steel fabrication industry has been increasing over the past few years on account on rising demand for automation in manufacturing processes.
Application Insights:
The manufacturing segment dominated the global application market in 2017, accounting for a share of over 40.0% by revenue. The growth of this application segment can be attributed to the increasing demand for industrial machinery and equipment across emerging economies including China, India and Brazil. In addition, strong economic growth coupled with low-interest rates in developed countries such as U.S., Canada and Germany has attracted foreign investments which have resulted in an increased number of manufacturing facilities across these countries which is expected to drive the demand for structural steel over the forecast period.
The construction industry was one of the major contributors to overall industry growth owing to rapid urbanization along with rising infrastructure development projects such as new airports & seaports around the world that are expected to boost product consumption globally over next eight years from 2018to 2030 (forecast period).
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to some of the major economies, such as China, India, Japan, and South Korea. It also has a well-established manufacturing sector that caters to most of the world’s needs.
The Asia Pacific was followed by Europe in terms of revenue generation in 2017 owing to a decline in construction activities across several countries including Russia and Italy after they finished building their respective sporting arenas for Rio 2016 Summer Olympics. However, Europe is projected to be one of the fastest-growing regions over the forecast period owing mainlyto rising metal cutting equipment demand from numerous automotive manufacturers who are shifting their production bases away from U.S.
Growth Factors:
- Increasing demand for steel in construction and infrastructure sectors
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers, which is resulting in increased spending on construction activities
- Technological advancements that are making steel fabrication processes more efficient and cost-effective
- Stringent government regulations mandating the use of structural steel in certain types of construction projects
Scope Of The Report
Report Attributes
Report Details
Report Title
Structural Steel Fabrication Market Research Report
By Type
Metal Welding, Machining, Metal Forming, Metal Cutting, Metal Shearing, Metal Folding, Metal Rolling, Metal Punching, Metal Stamping
By Application
Construction, Automotive, Manufacturing, Energy & Power, Electronics, Others
By Companies
O’Neal Manufacturing Services, BTD Manufacturing, Kapco Metal Stamping, Mayville Engineering Company, Watson Engineering, Defiance Metal Products, Standard Iron & Wire Works, Ironform, EVS Metal, Interplex Holdings
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Structural Steel Fabrication Market Report Segments:
The global Structural Steel Fabrication market is segmented on the basis of:
Types
Metal Welding, Machining, Metal Forming, Metal Cutting, Metal Shearing, Metal Folding, Metal Rolling, Metal Punching, Metal Stamping
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, Manufacturing, Energy & Power, Electronics, 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 Services
- BTD Manufacturing
- Kapco Metal Stamping
- Mayville Engineering Company
- Watson Engineering
- Defiance Metal Products
- Standard Iron & Wire Works
- Ironform
- EVS Metal
- Interplex Holdings
Highlights of The Structural 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:
- Metal Welding
- Machining
- Metal Forming
- Metal Cutting
- Metal Shearing
- Metal Folding
- Metal Rolling
- Metal Punching
- Metal Stamping
- By Application:
- Construction
- Automotive
- Manufacturing
- Energy & Power
- Electronics
- 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 Structural 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.
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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?
Structural steel fabrication is the process of creating a structural member, such as a beam or column, from a large number of smaller pieces. The individual pieces are then welded together into a single structure.
Some of the major companies in the structural steel fabrication market are O¢â‚¬â„¢Neal Manufacturing Services, BTD Manufacturing, Kapco Metal Stamping, Mayville Engineering Company, Watson Engineering, Defiance Metal Products, Standard Iron & Wire Works, Ironform, EVS Metal, Interplex Holdings.
The structural steel fabrication market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Structural 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. Structural 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. Structural Steel Fabrication Market - Supply Chain
4.5. Global Structural Steel Fabrication Market Forecast
4.5.1. Structural Steel Fabrication Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Structural Steel Fabrication Market Size (000 Units) and Y-o-Y Growth
4.5.3. Structural Steel Fabrication Market Absolute $ Opportunity
5. Global Structural 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. Structural Steel Fabrication Market Size and Volume Forecast by Type
5.3.1. Metal Welding
5.3.2. Machining
5.3.3. Metal Forming
5.3.4. Metal Cutting
5.3.5. Metal Shearing
5.3.6. Metal Folding
5.3.7. Metal Rolling
5.3.8. Metal Punching
5.3.9. Metal Stamping
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Structural 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. Structural Steel Fabrication Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Automotive
6.3.3. Manufacturing
6.3.4. Energy & Power
6.3.5. Electronics
6.3.6. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Structural 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. Structural 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 Structural 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. Structural 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 Structural Steel Fabrication Demand Share Forecast, 2019-2026
9. North America Structural 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 Structural 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 Structural Steel Fabrication Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Automotive
9.4.3. Manufacturing
9.4.4. Energy & Power
9.4.5. Electronics
9.4.6. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Structural Steel Fabrication Market Size and Volume Forecast by Type
9.7.1. Metal Welding
9.7.2. Machining
9.7.3. Metal Forming
9.7.4. Metal Cutting
9.7.5. Metal Shearing
9.7.6. Metal Folding
9.7.7. Metal Rolling
9.7.8. Metal Punching
9.7.9. Metal Stamping
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 Structural Steel Fabrication Demand Share Forecast, 2019-2026
10. Latin America Structural 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 Structural 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 Structural Steel Fabrication Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Automotive
10.4.3. Manufacturing
10.4.4. Energy & Power
10.4.5. Electronics
10.4.6. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Structural Steel Fabrication Market Size and Volume Forecast by Type
10.7.1. Metal Welding
10.7.2. Machining
10.7.3. Metal Forming
10.7.4. Metal Cutting
10.7.5. Metal Shearing
10.7.6. Metal Folding
10.7.7. Metal Rolling
10.7.8. Metal Punching
10.7.9. Metal Stamping
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 Structural Steel Fabrication Demand Share Forecast, 2019-2026
11. Europe Structural 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 Structural 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 Structural Steel Fabrication Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Automotive
11.4.3. Manufacturing
11.4.4. Energy & Power
11.4.5. Electronics
11.4.6. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Structural Steel Fabrication Market Size and Volume Forecast by Type
11.7.1. Metal Welding
11.7.2. Machining
11.7.3. Metal Forming
11.7.4. Metal Cutting
11.7.5. Metal Shearing
11.7.6. Metal Folding
11.7.7. Metal Rolling
11.7.8. Metal Punching
11.7.9. Metal Stamping
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 Structural Steel Fabrication Demand Share, 2019-2026
12. Asia Pacific Structural 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 Structural 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 Structural Steel Fabrication Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Automotive
12.4.3. Manufacturing
12.4.4. Energy & Power
12.4.5. Electronics
12.4.6. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Structural Steel Fabrication Market Size and Volume Forecast by Type
12.7.1. Metal Welding
12.7.2. Machining
12.7.3. Metal Forming
12.7.4. Metal Cutting
12.7.5. Metal Shearing
12.7.6. Metal Folding
12.7.7. Metal Rolling
12.7.8. Metal Punching
12.7.9. Metal Stamping
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 Structural Steel Fabrication Demand Share, 2019-2026
13. Middle East & Africa Structural 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 Structural 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 Structural Steel Fabrication Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Automotive
13.4.3. Manufacturing
13.4.4. Energy & Power
13.4.5. Electronics
13.4.6. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Structural Steel Fabrication Market Size and Volume Forecast by Type
13.7.1. Metal Welding
13.7.2. Machining
13.7.3. Metal Forming
13.7.4. Metal Cutting
13.7.5. Metal Shearing
13.7.6. Metal Folding
13.7.7. Metal Rolling
13.7.8. Metal Punching
13.7.9. Metal Stamping
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 Structural Steel Fabrication Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Structural Steel Fabrication Market: Market Share Analysis
14.2. Structural Steel Fabrication Distributors and Customers
14.3. Structural Steel Fabrication Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ONeal Manufacturing Services
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. Interplex Holdings
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
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