Market Overview:
The global structural steel fabrication service 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 fabricated structural steel from various end-use industries, such as construction, transportation, and machinery. Additionally, the growing infrastructure development activities across the globe are also fueling the demand for fabricated structural steel products. On basis of type, I-beam is expected to account for a major share of the global structural steel fabrication service market in 2018. This can be attributed to its high strength-to-weight ratio and ability to withstand high loads without any deformation or failure.
Product Definition:
Structural steel fabrication is the process of creating structural steel shapes by cutting, drilling, and welding pieces of steel together. Structural steel shapes are used in buildings, bridges, and other structures.
I-Beam:
The global I-beam, it's usage and growth factor in structural steel fabrication service market size was valued at USD 8.5 billion in 2015. The growing demand for the product as a result of its properties such as corrosion resistance, high strength & durability along with easy installation is expected to drive industry expansion over the forecast period.
Angle (L-Shape):
Angle (L-Shape) is a term used for the measurement of acute angles in structural steel fabrication. It helps to determine the size and shape of various components fabricated from structural steel such as beams, columns, joists, etc. The most commonly used tool for measuring angle (L-shaped) is called an angle meter or simply an angle grinder.
The global Structural Steel Fabrication Service market was valued at USD 70 billion in 2016.
Application Insights:
The construction application segment accounted for the largest revenue share of over 50% in 2017. The growth can be attributed to the growing infrastructure sector across the globe. The rise in infrastructural activities, such as residential and commercial buildings, bridges and roads is expected to drive demand for structural steel fabrication services over the forecast period.
The transportation application segment is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing automotive production globally coupled with rising passenger traffic on railways across various regions including North America and Europe. Moreover, favorable government policies regarding railway infrastructure development are likely to boost market growth over the coming years as well.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is also projected to be the fastest-growing market from 2018 to 2030 owing to increasing infrastructure activities in developing economies, such as China and India. In addition, rising number of construction projects in these countries will drive demand for steel structural fabrication services over the forecast period.
Europe was estimated as second-largest regional segment after Asia Pacific by revenue in 2017 due to high demand for steel structural fabrication services from construction sector of developed economies including Germany, U.K., Spain, Italy among others which are likely boost growth during the forecast period.
In North America there has been significant rise in investment on transportation infrastructure since past few years which includes new airports constructions along with various other roadways expansions.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising awareness about the benefits of using structural steel in construction projects
- Growing popularity of prefabricated steel buildings and structures
- Technological advancements in structural steel fabrication processes and equipment
- Rising demand for customized steel fabrication services
Scope Of The Report
Report Attributes
Report Details
Report Title
Structural Steel Fabrication Service Market Research Report
By Type
I-Beam, Angle (L-Shape), Hollow Structural Section (HSS) Shape, Z-Shape, T-Shaped, Structural Steel Fabrication Servic
By Application
Construction, Transportation, Machinery, Others
By Companies
O’Neal Manufacturing Services, High Steel Structures LLC, Structural Steel Services, Inc., Mayville Engineering Company, Taylor & Watson Ltd, Standard Iron & Wire Works, EVS Metal, STI Group, Richard L. Sensenig Company, Structural Steelworks, Structural Fabrications Ltd, Lenex Steel, Steel, LLC, Structural Steel Fabrication Servic
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Structural Steel Fabrication Service Market Report Segments:
The global Structural Steel Fabrication Service market is segmented on the basis of:
Types
I-Beam, Angle (L-Shape), Hollow Structural Section (HSS) Shape, Z-Shape, T-Shaped, Structural Steel Fabrication Servic
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, Transportation, Machinery, 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
- High Steel Structures LLC
- Structural Steel Services, Inc.
- Mayville Engineering Company
- Taylor & Watson Ltd
- Standard Iron & Wire Works
- EVS Metal
- STI Group
- Richard L. Sensenig Company
- Structural Steelworks
- Structural Fabrications Ltd
- Lenex Steel
- Steel, LLC
- Structural Steel Fabrication Servic
Highlights of The Structural Steel Fabrication Service 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:
- I-Beam
- Angle (L-Shape)
- Hollow Structural Section (HSS) Shape
- Z-Shape
- T-Shaped
- Structural Steel Fabrication Servic
- By Application:
- Construction
- Transportation
- Machinery
- 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 Service 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?
Structural steel fabrication service is a type of construction services that fabricates metal components for buildings and other structures. The company typically uses large, industrial-grade machines to create the components, which are then assembled on site.
Some of the major companies in the structural steel fabrication service market are O¢â‚¬â„¢Neal Manufacturing Services, High Steel Structures LLC, Structural Steel Services, Inc., Mayville Engineering Company, Taylor & Watson Ltd, Standard Iron & Wire Works, EVS Metal, STI Group, Richard L. Sensenig Company, Structural Steelworks, Structural Fabrications Ltd, Lenex Steel, Steel, LLC, Structural Steel Fabrication Servic.
The structural steel fabrication service 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 Service 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 Service 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 Service Market - Supply Chain
4.5. Global Structural Steel Fabrication Service Market Forecast
4.5.1. Structural Steel Fabrication Service Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Structural Steel Fabrication Service Market Size (000 Units) and Y-o-Y Growth
4.5.3. Structural Steel Fabrication Service Market Absolute $ Opportunity
5. Global Structural Steel Fabrication Service 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 Service Market Size and Volume Forecast by Type
5.3.1. I-Beam
5.3.2. Angle (L-Shape)
5.3.3. Hollow Structural Section (HSS) Shape
5.3.4. Z-Shape
5.3.5. T-Shaped
5.3.6. Structural Steel Fabrication Servic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Structural Steel Fabrication Service 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 Service Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Transportation
6.3.3. Machinery
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Structural Steel Fabrication Service 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 Service 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 Service 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 Service 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 Service Demand Share Forecast, 2019-2026
9. North America Structural Steel Fabrication Service 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 Service 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 Service Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Transportation
9.4.3. Machinery
9.4.4. 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 Service Market Size and Volume Forecast by Type
9.7.1. I-Beam
9.7.2. Angle (L-Shape)
9.7.3. Hollow Structural Section (HSS) Shape
9.7.4. Z-Shape
9.7.5. T-Shaped
9.7.6. Structural Steel Fabrication Servic
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 Service Demand Share Forecast, 2019-2026
10. Latin America Structural Steel Fabrication Service 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 Service 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 Service Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Transportation
10.4.3. Machinery
10.4.4. 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 Service Market Size and Volume Forecast by Type
10.7.1. I-Beam
10.7.2. Angle (L-Shape)
10.7.3. Hollow Structural Section (HSS) Shape
10.7.4. Z-Shape
10.7.5. T-Shaped
10.7.6. Structural Steel Fabrication Servic
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 Service Demand Share Forecast, 2019-2026
11. Europe Structural Steel Fabrication Service 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 Service 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 Service Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Transportation
11.4.3. Machinery
11.4.4. 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 Service Market Size and Volume Forecast by Type
11.7.1. I-Beam
11.7.2. Angle (L-Shape)
11.7.3. Hollow Structural Section(HSS) Shape
11.7.4. Z-Shape
11.7.5. T-Shaped
11.7.6. Structural Steel Fabrication Servic
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 Service Demand Share, 2019-2026
12. Asia Pacific Structural Steel Fabrication Service 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 Service 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 Service Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Transportation
12.4.3. Machinery
12.4.4. 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 Service Market Size and Volume Forecast by Type
12.7.1. I-Beam
12.7.2. Angle (L-Shape)
12.7.3. Hollow Structural Section (HSS) Shape
12.7.4. Z-Shape
12.7.5. T-Shaped
12.7.6. Structural Steel Fabrication Servic
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 Service Demand Share, 2019-2026
13. Middle East & Africa Structural Steel Fabrication Service 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 Service 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 Service Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Transportation
13.4.3. Machinery
13.4.4. 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 Service Market Size and Volume Forecast by Type
13.7.1. I-Beam
13.7.2. Angle (L-Shape)
13.7.3. Hollow Structural Section (HSS) Shape
13.7.4. Z-Shape
13.7.5. T-Shaped
13.7.6. Structural Steel Fabrication Servic
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 Service Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Structural Steel Fabrication Service Market: Market Share Analysis
14.2. Structural Steel Fabrication Service Distributors and Customers
14.3. Structural Steel Fabrication Service 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. High Steel Structures LLC
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Structural Steel Services, Inc.
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. Taylor & Watson Ltd
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Standard Iron & Wire Works
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. EVS Metal
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. STI Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Richard L. Sensenig Company
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Structural Steelworks
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Structural Fabrications Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lenex Steel
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Steel, LLC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Structural Steel Fabrication Servic
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