Fabrication of structural steel requires highly skilled professionals with experience in transforming a raw material into various marketable products. Structural steel is mostly utilized in heavy industrial processes, wherein fabricated steel is required. After cutting, blending, and assembling of steel, fabricators need to decide the shape of metal as per the requirement of the customer. Most structural steel fabricators use cutting-edge technology to keep track of the operation and maintain proficiency. Structural steel fabrication workshops work on multiple value-added services under a single roof, which include welding, cutting, machining, and shearing.
Market Analysis and Insights: Global and United States Structural Steel Fabrication Market
This report focuses on global and United States Structural Steel Fabrication market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Structural Steel Fabrication market size is estimated to be worth US$ 123310 million in 2022 and is forecast to a readjusted size of US$ 142170 million by 2028 with a CAGR of 2.4% during the review period. Fully considering the economic change by this health crisis, by Type, Metal Welding accounting for % of the Structural Steel Fabrication global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Construction was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Asia Pacific held a prominent share of the global market, accounting for nearly half the share of the global market, in 2017. However, the market in North America is anticipated to expand at a CAGR of 2.71% from 2017 to 2026. Expansion of the market in North America is primarily attributed to the expansion of construction and manufacturing industries in the region. Expansion of the automotive sector has positively influenced the market for structural steel fabrication in Europe.
Global Structural Steel Fabrication Scope and Market Size
Structural Steel Fabrication market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Structural Steel Fabrication market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Structural Steel Fabrication market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Metal Welding
Metal Forming
Metal Cutting
Metal Shearing
Metal Stamping
Metal Rolling
Others
Segment by Application
Construction
Automotive
Manufacturing
Energy & Power
Electronics
Defense & Aerospace
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E
By Company
O'Neal Manufacturing Service
BTD Manufacturing
Kapco
Mayville Engineering Company
Watson Engineering
Defiance Metal Products
Standard Iron & Wire Works
Ironform Corporation
EVS Metal
LancerFab Tech Pvt. Ltd
Interplex Holdings Pte. Ltd