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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.
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.
Market Analysis and Insights: Global Structural Steel Fabrication Market
The global Structural Steel Fabrication market size is projected to reach US$ 142170 million by 2027, from US$ 116790 million in 2020, at a CAGR of 2.4% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Structural Steel Fabrication market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Structural Steel Fabrication market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Structural Steel Fabrication market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Structural Steel Fabrication market.
Global Structural Steel Fabrication Scope and Market Size
Structural Steel Fabrication market is segmented by company, region (country), 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 Type and by Application in terms of revenue and forecast for the period 2016-2027.
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
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
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
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