Canada Structural Steel Market Size & Outlook, 2025-2030
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Canada structural steel market highlights
- The Canada structural steel market generated a revenue of USD 1,071.1 million in 2024 and is expected to reach USD 1,236.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 2.7% from 2025 to 2030.
- In terms of segment, non-residential was the largest revenue generating application in 2024.
- 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 2024 | USD 1,071.1 million |
| Market revenue in 2030 | USD 1,236.1 million |
| Growth rate | 2.7% (CAGR from 2025 to 2030) |
| Largest segment | Non-residential |
| Fastest growing segment | Non-residential |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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, Canada accounted for 0.9% of the global structural steel market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. structural steel market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,744.5 million by 2030.
Non-residential was the largest segment with a revenue share of 54.88% in 2024. Horizon Databook has segmented the Canada structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Construction is one of the promising sectors in Canada on account of increasing spending in residential, commercial, and infrastructure segments. Construction sector has witnessed tremendous growth with over 50 skyscrapers being built in major cities including Calgary.
Vancouver, and Toronto over the last ten overs. In addition, over 6,000 infrastructure projects for expressways and highways are supporting the growth of the Canada construction sector.
Structural steel is a key material used in residential and commercial construction and is expected to witness a positive demand owing to the continuous development of the Canadian construction sector. Incentives for first time home buyers are projected to boost residential construction in the country.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gerdau SA ADR | View profile | 27371 | Avenida Dra. Ruth Cardoso, 8,501 - 8th Floor, Sao Paulo, SP, Brazil, 05425-070 | https://www.gerdau.com |
| Steel Authority Of India Ltd DR | View profile | 59186 | Lodi Road, Ispat Bhawan, New Delhi, India, 110003 | https://www.sail.co.in |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
Canada structural steel market size, by application, 2018-2030 (US$M)
Canada Structural Steel Market Outlook Share, 2024 & 2030 (US$M)
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