New Zealand Structural Steel Market Size & Outlook
New Zealand structural steel market, 2018-2030 (US$M)
Related Markets
New Zealand structural steel market highlights
- The New Zealand structural steel market generated a revenue of USD 52.4 million in 2022 and is expected to reach USD 68.5 million by 2030.
- The New Zealand market is expected to grow at a CAGR of 3.4% 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 52.4 million |
| Market revenue in 2030 | USD 68.5 million |
| Growth rate | 3.4% (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
- 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 50.95% in 2022. Horizon Databook has segmented the New Zealand structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for structural steel in New Zealand has increased considerably since the last 10 years. According to the Steel Construction New Zealand, structural steel market holds over 50% share in the county’s overall steel market.
Structural steel is made of steel components that come in a variety of shapes, offering flexibility in designing. Also, the steel is known to be earthquake proof. As some parts of the country lie in earthquake risk zones, the steel is preferred for construction in such areas.
The recent trends indicate structural steel industry players in the country investing substantially in high-tech fabrication technology. This is likely to boost structural steel market in the country.
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| Name | Profile | # Employees | HQ | Website |
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New Zealand structural steel market size, by application, 2018-2030 (US$M)
New Zealand Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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