Global Steel Sections Market Size & Outlook, 2023-2030
Global steel sections market, 2018-2030 (US$M)
Related Markets
Global steel sections market highlights
- The global steel sections market generated a revenue of USD 123,103.9 million in 2022 and is expected to reach USD 174,439.6 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.5% by 2030.
- In terms of segment, non-residential accounted for a revenue of USD 64,529.8 million in 2022.
- Non-residential is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 123,103.9 million |
| Market revenue in 2030 | USD 174,439.6 million |
| Growth rate | 4.5% (CAGR from 2022 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Non-residential |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-residential |
Other key industry trends
- In terms of revenue, the North America accounted for 8.8% of the global steel sections market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 1,386.8 million by 2030.
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Steel Sections Market Scope
Steel Sections Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global steel sections market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steel sections market will help companies and investors design strategic landscapes.
Non-residential was the largest segment with a revenue share of 52.42% in 2023. Horizon Databook has segmented the Global steel sections market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Steel Sections Application Outlook (Revenue, USD Million, 2018-2030)
- Construction
- Infrastrcture
- Industrial
- Automotive
- Industrial Manufacturing
- Power & Energy
- Others
- Residential
- Non-residential
- Oil & gas
- Chemicals and petrochemicals
- Automotive & transportion
- Mechanical engineering
- Power plant
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Target buyers of Global steel sections market databook
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Our clientele includes a mix of steel sections market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global steel sections market , including forecasts for subscribers. This global databook contains high-level insights into Global steel sections market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global steel sections market size, by regions, 2018-2030 (US$M)
Top 10 countries: Steel sections market size, 2022 (US$M)
Global steel sections market share, by application, 2022 & 2030 (%, US$M)
Steel sections market: Opportunity assessment by country
Global steel sections market, by region, 2023 (US$M)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 6,296.2 | 6,370.5 | 6,512.6 | 9,892.6 | 10,798.0 | 10,570.3 | 10,679.4 | 10,861.8 | 11,120.9 | 11,763.2 | 12,513.2 | 13,373.6 | 14,575.0 | 3.8% |
| Europe | 11,092.5 | 11,044.0 | 12,255.7 | 17,772.5 | 18,374.6 | 17,336.1 | 17,476.1 | 17,803.5 | 18,350.6 | 19,318.8 | 20,484.4 | 21,988.9 | 23,785.1 | 3.3% |
| Asia Pacific | 37,930.4 | 42,381.2 | 55,915.5 | 73,336.6 | 84,796.2 | 80,491.4 | 82,791.7 | 85,563.2 | 89,167.8 | 96,252.0 | 104,619.5 | 114,209.2 | 125,079.7 | 5.0% |
| Latin America | 1,655.7 | 1,683.0 | 1,867.1 | 3,107.9 | 3,289.0 | 3,235.4 | 3,282.0 | 3,348.3 | 3,426.0 | 3,558.1 | 3,712.6 | 3,882.8 | 4,099.2 | 2.8% |
| MEA | 3,842.3 | 3,631.3 | 3,405.5 | 5,556.1 | 5,846.2 | 5,284.5 | 5,366.0 | 5,469.9 | 5,596.3 | 5,831.3 | 6,099.2 | 6,418.5 | 6,900.7 | 2.1% |
| Overall | 60,817.1 | 65,110.0 | 79,956.4 | 109,665.7 | 123,103.9 | 116,917.6 | 119,595.2 | 123,046.7 | 127,661.5 | 136,723.4 | 147,428.9 | 159,873.0 | 174,439.6 | 4.5% |
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