Canada Structural Steel Market Size & Outlook, 2022-2030
Canada structural steel market, 2018-2030 (US$M)
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Canada structural steel market highlights
- The Canada structural steel market generated a revenue of USD 1,099.1 million in 2022 and is expected to reach USD 1,236.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 1.5% 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 1,099.1 million |
| Market revenue in 2030 | USD 1,236.1 million |
| Growth rate | 1.5% (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, Canada accounted for 0.9% 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 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 54.04% in 2022. 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 |
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Canada structural steel market size, by application, 2018-2030 (US$M)
Canada Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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