Structural Steel Market Demand,Size, Share and Major Industry Players and Forecast to 2026 | Reports and Data

The global Structural Steel Market research report added by Reports and Data is a market intelligence report that offers a comprehensive assessment of the market size, market share, revenue growth, CAGR, current and emerging trends, macro- and micro-economic factors, regulatory framework, and key drivers and restraints.

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.

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.

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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.

To know more about the report @ https://www.reportsanddata.com/report-detail/structural-steel-market

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
The research provides answers to the following key questions:

What will be the growth rate of the Structural Steel market ?
What will be the market size and the share occupied by the prominent vendors by the estimated period?
What are challenges and threats faced by the prominent vendors operating in the Structural Steel market?
Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
What are the past, present and emerging trends likely to influence the growth rate of the Structural Steel market?
What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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