Turkey Structural Steel Market Size & Outlook, 2022-2030
Turkey structural steel market, 2018-2030 (US$M)
Related Markets
Turkey structural steel market highlights
- The Turkey structural steel market generated a revenue of USD 2,395.8 million in 2022 and is expected to reach USD 3,118.3 million by 2030.
- The Turkey market is expected to grow at a CAGR of 3.3% 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 2,395.8 million |
| Market revenue in 2030 | USD 3,118.3 million |
| Growth rate | 3.3% (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, Turkey accounted for 1.9% 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 60.26% in 2022. Horizon Databook has segmented the Turkey structural steel market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Construction is one of the largest sectors in Turkey, which employs over 2 million individuals. It accounts for around 8.6% of the country’s GDP. As per the European Construction Industry Federation report in 2018, construction sector observed a prominent growth of 8.9%.
The output from the real estate sector accounted for 8.4% of the total GDP in the last decade. under the Urban Renewal & Development initiative, the government of Turkey is keen on building over 7.5 million housing units.
The budget of this initiative is around USD 400 billion, which is largely contributed by private sector. This initiative for construction sector is projected to further augment the demand for structural steel.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Turkey structural steel market size, by application, 2018-2030 (US$M)
Turkey Structural Steel Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
