Global Structural Steel Fabrication Market Size By Service (Metal Welding, Metal Forming, Shearing, Metal Cutting, Metal Shearing, Metal Stamping), By Application (Construction, Automotive, Manufacturing, Energy & Power), By Geographic Scope And Forecast

Structural Steel Fabrication Market Size And Forecast

Structural Steel Fabrication Market size was valued at $ 156.85 Billion in 2024 and is projected to reach $ 242.54 Billion in 2031, growing at a CAGR of 9.2% from 2024 to 2031.

The increase in the number of constructions, rise in the demand for Metal 3D printing, and increasing usage of Steel Fabrication in the Energy sector is the key market driver. The Global Structural Steel Fabrication Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Structural Steel Fabrication Market Definition

The process of Steel Fabrication includes the conversion of raw materials into certain shapes by steel fabricators. These shapes are used in Construction, Automotive, Mining, Real Estate, etc. The process is completed in two steps. Firstly the raw material is heated and melted. Then they are mixed. This process can be furnished in an alternative way by using an electric arc furnace. In this process, recycled steel products are melted to extract the raw steel.

As a result of this fabrication process, the basic properties of Steel like corrosion resistance, high oxidation temperature, and resistance up to a high range of temperature, are imparted in the end products. In an investigation conducted by the Federal Government of the United States, it has been found that the demand for Fabricated Steel has increased tremendously by 2020.

Global Structural Steel Fabrication Market Overview

After World War II, several nations started engaging in improving their Economic Growth. Industries started increasing and employment increased correspondingly. As a result, the need to develop Roads, Infrastructure, Buildings, Ports, Airports, etc. became extremely important. The increase in the number of Constructions like Buildings, Roads, Residential Properties, etc. is high in developing nations like India, China, Russia, and Brazil. Construction sectors require Steel Fabricated Products more than any other application.

Different shapes, architectures, piping structures, designs, interior decorations, etc. require steel-fabricated products. Thus, the rise in the number of constructions is directly proportional to the increase in the Structural Steel Fabrication Market. A process of Indirect Metal printing is called 3D Printing. It is done to increase efficiency with minimum steel wastage. The advancement in 3D Printing is further fuelling the market growth of Steel Fabrication. Steel Fabrication is extensively used in oil and gas energy production.

Also, in renewable energy generation like Wind and Nuclear Energy, steel fabrication finds its use. This is further increasing the demand of the market. Structural Steel demands a fireproof treatment. Also, it is susceptible to corrosion. This is one of the important market restraints. However, due to the rise in research and development in the aerospace industry structural steel fabrication finds its use to a great extent. This is one of the big market opportunities.

Global Structural Steel Fabrication MarketSegmentation Analysis

The Global Structural Steel Fabrication Market is Segmented on the basis of Service, Application, and Geography.

Structural Steel Fabrication Market, By Service

• Metal Welding
• Metal Forming
• Shearing
• Metal Cutting
• Metal Shearing
• Metal Stamping
• Machining
• Metal Rolling
• Others

Based on Service, the market is segmented into Metal Welding, Metal Forming, Shearing, Metal Cutting, Metal Shearing, Metal Stamping, Machining, Metal Rolling, and Others. Among the segments, the Machining sector has the highest share. This is because due to the advancement in science and technology, automated tools and technologies are rising rapidly. This is causing the invention of various machines that are used in automotive, aerospace, construction, etc. The increase in the number of uses of machines is driving the industry.

Structural Steel Fabrication Market, By Application

• Construction
• Automotive
• Manufacturing
• Energy & Power
• Electronics
• Defense & Aerospace
• Others

Based on Application, the market is segmented into Construction, Automotive, Manufacturing, Energy & Power, Electronics, Defense & Aerospace, and Others. Among the segments, Construction has the highest share. This is because of the rise in the number of constructions in developing nations. The rapid urbanization and industrial growth are causing the need for more buildings and infrastructures in the cities. This is the main driving factor of this market.

Structural Steel Fabrication Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Regional Analysis, the Global Structural Steel Fabrication Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Asia-Pacific has the highest market share. This is because of the presence of developing nations like India, China, and Japan. The huge population density in these regions requires more residential homes. Also, the concern for increasing employment to drive the economic cycle is causing the presence of commercial spaces. The rise in the number of such constructions is driving the market growth.

Key Players

The “Global Structural Steel Fabrication Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Kaman Corporation, O’Neal Manufacturing Service, BTD Manufacturing Inc., TATA Steel, Matcor-Matsu Group Inc., Mayville Engineering Comp. Inc., and Defiance Metal Products Inc.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.