South Africa Structural Steel Market Size & Outlook
South Africa structural steel market, 2018-2030 (US$M)
Related Markets
South Africa structural steel market highlights
- The South Africa structural steel market generated a revenue of USD 350.5 million in 2022 and is expected to reach USD 430.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 2.6% 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 350.5 million |
| Market revenue in 2030 | USD 430.3 million |
| Growth rate | 2.6% (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, South Africa accounted for 0.3% 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 Middle East & Africa, Iran structural steel market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 430.3 million by 2030.
Non-residential was the largest segment with a revenue share of 51.75% in 2022. Horizon Databook has segmented the South Africa structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
There are signals of optimism within South Africa’s construction industry as the Government of South Africa has planned to inject billions of dollars for the development of infrastructure.
The gradual enactment of the recommendations given by the National Development Plan of the country has resulted in an improved emphasis on creating new infrastructure and targeting business sector, which has high growth potential.
This is projected to lift construction industry to a new sustained growth level, thereby propelling structural steel market in the country over the forecast period.
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Structural Steel Market Scope
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South Africa structural steel market size, by application, 2018-2030 (US$M)
South Africa Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
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