Germany Structural Steel Market Size & Outlook, 2022-2030
Germany structural steel market, 2018-2030 (US$M)
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Germany structural steel market highlights
- The Germany structural steel market generated a revenue of USD 2,728.0 million in 2022 and is expected to reach USD 3,605.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.5% 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.
Structural steel market data book summary
| Market revenue in 2022 | USD 2,728.0 million |
| Market revenue in 2030 | USD 3,605.0 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | 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, Germany accounted for 2.2% 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 Europe, Russia structural steel market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 3,605.0 million by 2030.
Residential was the largest segment with a revenue share of 50.76% in 2022. Horizon Databook has segmented the Germany structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of non-residential sector in Germany is related to the investments from private sector, which, in turn, has a direct connection with the overall economic growth. Increasing industrial production and significant public investment in the country are projected to create a positive impact on non-residential construction sector.
Boost to non-residential construction activities, in turn, projected to assist the structural steel demand over the coming years owing to the widespread usage of structural steel in construction activities.
Residential construction sector observed a significant growth in Germany as investments in this sector observed growth of nearly 30% from 2009 to 2017.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany structural steel market size, by application, 2018-2030 (US$M)
Germany Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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