A comprehensive report on the Global Structural Steel Market has been published by Reports and Data that offers insightful data about market dynamics, drivers, restraints, current and emerging trends, market size, market share, and revenue growth of the market.
The global Structural Steel Market is forecast to reach USD 152.57 Billion by 2027, according to a new report by Reports and Data. New residential building activities in developing countries such as the U.S., Germany, and Canada are experiencing modest development. This, in effect, fuels demand numerous structural steel products, including channels, wide-flange forms, tubes, and angles. Increasing investments in transportation facilities, long-range platforms, houses, multi-story and high-rise buildings, and bridges are also a leading factor boosting the global steel structure industry. Increased deployment of lightweight urban construction systems with thin sheet-covered surfaces is also the latest advance in this sector, further rising demand for high-strength structural steel.
Single-home construction activities make a significant contribution to the overall residential construction, which experienced the highest growth in 2019. Besides, residential development (including private and public) spending in the U.S. has seen a lucrative rate of growth over the last few years. Government packages and opportunities for construction sector development in developed and emerging economies are projected to create a favorable environment for the growth of the structural steel industry. In 2019, for example, Mexico’s finance minister unveiled a USD 42.50 billion packages to foster infrastructure growth and improve the private consumption. Development banks are likely to offer new guarantees and loans of up to USD 14.00 billion to medium- and small-scale enterprises under this initiative. Increasing U.S. foreign direct investment (FDI) in Mexico is another crucial factor in growth. Growth in the U.S. FDI year-on-year from 2016 to 2017 was approximately 8.9%, which in 2017 was estimated at USD 109.7 billion.
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Top Companies Listed in the Structural Steel Market Report:
Tata Steel Limited, JSW Steel Limited, Arcelor Mittal S.A., Nippon Steel & Sumitomo Metal Corporation (NSSMC), Benxi Beiying Iron & Steel Group Co. Ltd., Baosteel Group Corporation, Hyundai Steel Co. Ltd. (HSC), Anshan Iron & Steel Group Corporation, POSCO, and Hunan Valin Iron & Steel Group Co. Ltd., among others.
The study offers key insights into the strengths and weaknesses of the prominent players through an extensive SWOT analysis and Porter’s Five Forces analysis. It further segments the market on the basis of product type, application spectrum, med-use, and geography. The Structural Steel industry analysis report assesses the industry in terms of market size, market share, and revenue. The key regional markets covered in the report include North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Furthermore, the report sheds light on the presence of the global Structural Steel market in the major regions with regards to market share, market size, revenue contribution, sales statistics, distribution channels, and various other key elements.
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Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Heavy Structural Steel
- Light Structural Steel
- Rebar
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Residential
- Non-Residential
- Commercial
- Institution
- Offices
- Industrial
- Energy Development
- Others
Key Questions Addressed in the Report:
- The global Structural Steel market study offers an in-depth analysis of the constantly changing market aspects such as market trends, production and consumption ratios, and revenue growth rates.
- The report offers a seven-year assessment of the global Structural Steel market, highlighting the key market dynamics such as drivers, restraints, trends, and opportunities.
- It throws light on the major product and application segments of the market.
- It offers a comprehensive regional analysis of the global Structural Steel market.
- The report’s competitive section includes the business profiles of the leading industry manufacturers and stakeholders.
- It therefore helps readers make informed business decisions through its valuable market insights and in-depth analysis of the key segments.
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