Turkey Structural Steel Market Size & Outlook, 2025-2030
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Turkey structural steel market highlights
- The Turkey structural steel market generated a revenue of USD 2,561.4 million in 2024 and is expected to reach USD 3,118.4 million by 2030.
- The Turkey market is expected to grow at a CAGR of 3.4% from 2025 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2024.
- 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 2024 | USD 2,561.4 million |
| Market revenue in 2030 | USD 3,118.4 million |
| Growth rate | 3.4% (CAGR from 2025 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Non-residential |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 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 2.1% of the global structural steel market in 2024.
- 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 61.94% in 2024. 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.
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Structural Steel Market Scope
Structural Steel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Gerdau SA ADR | View profile | 27371 | Avenida Dra. Ruth Cardoso, 8,501 - 8th Floor, Sao Paulo, SP, Brazil, 05425-070 | https://www.gerdau.com |
| Steel Authority Of India Ltd DR | View profile | 59186 | Lodi Road, Ispat Bhawan, New Delhi, India, 110003 | https://www.sail.co.in |
| Nippon Steel Corp | View profile | 121990 | 6-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8071 | https://www.nipponsteel.com |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
| Tata Steel Ltd GDR - 144A | View profile | 73496 | 24 Homi Mody Street, Bombay House, Fort, Mumbai, MH, India, 400 001 | https://www.tatasteel.com |
Turkey structural steel market size, by application, 2018-2030 (US$M)
Turkey Structural Steel Market Outlook Share, 2024 & 2030 (US$M)
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