North America Steel Market Size & Outlook, 2023-2030
North America steel market, 2018-2030 (US$M)
North America steel market highlights
- The North America steel market generated a revenue of USD 158,245.1 million in 2023.
- The market is expected to grow at a CAGR of 3.4% from 2024 to 2030.
- In terms of segment, flat was the largest revenue generating product type in 2023.
- Flat is the most lucrative product type segment registering the fastest growth during the forecast period.
North America data book summary
| Market revenue in 2023 | USD 158,245.1 million |
| Market revenue in 2030 | USD 200,417.5 million |
| Growth rate | 3.4% (CAGR from 2023 to 2030) |
| Largest segment | Flat |
| Fastest growing segment | Flat |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Flat |
Other key industry trends
- In terms of revenue, North America region accounted for 10.8% of the global steel market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,337,649.2 million by 2030.
Flat was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the North America steel market based on flat covering the revenue growth of each sub-segment from 2018 to 2030.
A more effective trade policy with broader import restraint is required for the country to level its production levels over the near future. Recovery in the North American economy and growth of several significant end-use industries is expected to remain a macro-driving factor for steel.
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Steel Market Scope
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North America steel market
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