Europe Structural Steel Market Size & Outlook, 2022-2030
Europe structural steel market, 2018-2030 (US$M)
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Europe structural steel market highlights
- The Europe structural steel market generated a revenue of USD 18,374.6 million in 2022.
- The market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, 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.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 18,374.6 million |
| Market revenue in 2030 | USD 23,823.5 million |
| Growth rate | 3.3% (CAGR from 2022 to 2030) |
| Largest segment | 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 |
| 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, Europe region accounted for 14.9% of the global structural steel market in 2022.
- 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 125,081.8 million by 2030.
Residential was the largest segment with a revenue share of 53.29% in 2022. Horizon Databook has segmented the Europe structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Construction sector is the prominent consumer of structural steel and any fluctuations in the construction sector creates impact demand of structural steel products.
As per the European Construction Industry Federation 2017 report, there are around 3 million construction businesses in the region, of which, 95% are small and medium-scale enterprises. European construction sector accounts for 29.3% of the total industrial employment,
As of 2019, the European construction industry accounted for more than USD 1,500 billion. Tightened financial conditions, high economic uncertainty, and unsolved trade tensions have moderately slowed down the growth of European countries.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe structural steel market size, by country, 2018-2030 (US$M)
Europe Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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