Australia Structural Steel Market Size & Outlook
Australia structural steel market, 2018-2030 (US$M)
Related Markets
Australia structural steel market highlights
- The Australia structural steel market generated a revenue of USD 406.0 million in 2022 and is expected to reach USD 591.4 million by 2030.
- The Australia market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, non-residential was the largest revenue generating application in 2022.
- Non-residential is the most lucrative application segment registering the fastest growth during the forecast period.
Structural steel market data book summary
| Market revenue in 2022 | USD 406.0 million |
| Market revenue in 2030 | USD 591.4 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Non-residential |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-residential |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Gerdau SA ADR, Nippon Steel Corp, Tata Steel Ltd GDR - 144A, Steel Authority Of India Ltd DR |
Other key industry trends
- In terms of revenue, Australia accounted for 0.3% of the global structural steel market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China structural steel market is projected to lead the regional market in terms of revenue in 2030.
- Taiwan is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,140.6 million by 2030.
Non-residential was the largest segment with a revenue share of 54.14% in 2022. Horizon Databook has segmented the Australia structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Australian Steel Institute, the Australian steel industry, which includes steel manufacturing, fabrication, and casting, and consists of medium to very large enterprises, contributes USD 29 billion to the country’s economy annually.
As a result, steel, especially structural steel, has become an integral part of the country’s economy on account of strong demand from construction sector.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia structural steel market size, by application, 2018-2030 (US$M)
Australia Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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