Japan Structural Steel Market Size & Outlook, 2022-2030
Japan structural steel market, 2018-2030 (US$M)
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Japan structural steel market highlights
- The Japan structural steel market generated a revenue of USD 4,096.5 million in 2022 and is expected to reach USD 5,501.6 million by 2030.
- The Japan market is expected to grow at a CAGR of 3.8% 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 4,096.5 million |
| Market revenue in 2030 | USD 5,501.6 million |
| Growth rate | 3.8% (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, Japan accounted for 3.3% 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 51.24% in 2022. Horizon Databook has segmented the Japan structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Construction industry in Japan is expected to witness moderate growth rate over the next seven years owing to increasing government focus on reconstruction activities. The growth of industrial sector owing to subsidies and tax holidays for manufacturers is anticipated to fuel the demand for construction activities in the country.
The government of Japan has announced a subsidy for construction projects, which has promoted regional development and foreign direct investments in the country. This subsidies program is intended for strengthening high value-added business sites in Japan and improving the economic growth of the country.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan structural steel market size, by application, 2018-2030 (US$M)
Japan Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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