Mexico Structural Steel Market Size & Outlook, 2022-2030
Mexico structural steel market, 2018-2030 (US$M)
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Mexico structural steel market highlights
- The Mexico structural steel market generated a revenue of USD 1,902.3 million in 2022 and is expected to reach USD 2,443.6 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.2% 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 1,902.3 million |
| Market revenue in 2030 | USD 2,443.6 million |
| Growth rate | 3.2% (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, Mexico accounted for 1.5% 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 50.64% in 2022. Horizon Databook has segmented the Mexico structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The Federal Government attributes the rising construction and building industry to the infrastructure and development programs. In addition, the construction sector is expected to witness variable growth on account of the internal and external factors such as declining international oil prices and global economic conditions.
The National Infrastructure Program (PNI) was initiated by the Mexican government under the National Development Plan to boost the infrastructural growth in the country as a strategic move to increase productivity and improve the competitive market of construction industry.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico structural steel market size, by application, 2018-2030 (US$M)
Mexico Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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