Research Expert: Sarah Overall
  • Published: Feb 2025
  • Pages: 150
  • SKU: IRTNTR80548

  • Latest News- Structural Steel Fabrication Market: Carbon steel is expected to lead the Material segment during 2025-2029

    The Structural Steel Fabrication Market is being driven by Infrastructure development

    The Structural Steel Fabrication Market is expected to grow at a CAGR of 5.1% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 43.4 billion. The global structural steel fabrication market is undergoing a significant transformation due to the increasing adoption of automation and robotics technology. With the intricacy of construction projects escalating and the demand for superior quality structures intensifying, the necessity for precise, efficient, and secure fabrication processes is increasingly important. Robotics is significantly improving the precision and speed of steel fabrication, particularly in tasks such as cutting, welding, material handling, and assembly. Automated systems ensure that steel components are manufactured with minimal errors, strictly adhering to engineering specifications, thereby enhancing the structural integrity and safety of the final product. Moreover, automation through advanced robotics addresses labor challenges, including the scarcity of skilled labor and safety concerns associated with traditional manual fabrication processes. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Material
      • Carbon steel
      • Stainless steel
      • Others
    • End-user
      • Construction
      • Energy and power
      • Manufacturing
      • Automotive
      • Others
    • Geography
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • Europe
        • Germany
        • UK
        • France
      • North America
        • Canada
        • US
      • Middle East and Africa
        • South America
          • Brazil

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • Infrastructure development
      • Industrial growth in emerging markets
      • Expansion of energy sector

      However, the market also witnesses some limitations, which are as follows:

      • Skilled labor shortage
      • Volatile raw material costs
      • Stringent regulatory requirements

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      Market Scope in Structural Steel Fabrication Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      213

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 5.1%

      Market growth 2025-2029

      USD 43.4 billion

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      4.9

      Key countries

      US, China, India, Germany, UK, Japan, Canada, France, South Korea, and Brazil

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      The Structural Steel Fabrication Market encompasses the production of high-strength, heavy duty structures for various sectors including building construction, industrial metal fabrication, aerospace, infrastructure, sustainable construction, energy, automotive, transportation, and infrastructure development. Advanced fabrication techniques are used to create durable structural units for bridge construction, offshore structures, mining, and other heavy industries. Engineering services, manufacturing solutions, and custom fabrication are key offerings, ensuring compliance with certifications, safety standards, and logistics requirements. Pricing, capacity, and traceability are crucial factors, with a focus on durability, sustainability, and corrosion resistance. Welding and engineering play a significant role in the market, with a growing emphasis on compliance, supply chain efficiency, and cost-effective solutions.

      Market Research Overview

      The Structural Steel Fabrication Market is a significant segment of the global construction and engineering industry, serving key sectors such as industrial facilities, automotive manufacturing hubs, mining, and infrastructure development. This market is driven by several factors, including the increasing demand for durable and sustainable structures in the face of environmental hazards. Advanced fabrication technologies, such as 3-D modeling and the use of basic oxygen furnaces, enable the production of high-quality, precision-engineered structures for various applications, including buildings, aircraft, and complex structures for the mining and automotive industries. The global construction and engineering market, which includes engineering service providers and EPC contractors operating in the non-residential sector, is expected to experience significant growth due to increasing investments in urban infrastructure, particularly in developing economies, where demand for reliable and efficient industrial facilities and transportation networks is on the rise.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


      Contacts

      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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