Steel Structure Market Forecast to Hit $169.7 Billion by 2032, Fueled by Urbanization and Sustainable Building Trends

Steel Structure Market Forecast to Hit $169.7 Billion by 2032, Fueled by Urbanization and Sustainable Building Trend

NEW CASTLE, DE, UNITED STATES, June 25, 2025 /EINPresswire.com/ -- Allied Market Research published a report, titled “Steel Structure Market by Product (Angles, Channels and Rounds), and Application (Industrial, Commercial, Institutional and Residential): Global Opportunity Analysis and Industry Forecast, 2024-2032”. According to the report, the steel structure market share was valued at $118.9 billion in 2023 and is estimated to reach $169.7 billion by 2032, growing at a CAGR of 4.1% from 2024 to 2032.

Prime Determinants of Growth
Rapid urbanization in emerging economies is leading to an increase in demand for residential, commercial, and industrial buildings, which utilize steel structures due to their strength, durability, and flexibility in design. Moreover, major infrastructure projects, including bridges, airports, and highways, rely heavily on steel structures, thereby driving the market growth.

Request PDF Sample Copy @ https://www.alliedmarketresearch.com/request-sample/A238354

The angles segment dominated the global steel structure market share, in terms of revenue
On the basis of product, the market is divided into angles, channels, and rounds. Rapid industrialization and infrastructure development in emerging markets create new opportunities for steel structure manufacturers. The demand for Steel structures is particularly high in regions with significant industrial activity, such as North America, Europe, and Asia-Pacific. These regions have extensive infrastructure and industrial facilities that require robust and reliable walkway solutions.

The welded steel structure segment dominated the market in 2023
Depending on the application, the market is classified into industrial, commercial, institutional, and residential. Innovations in steel production and fabrication, such as high-strength steel and automated manufacturing processes, have made steel structures more cost-effective and efficient to produce. This has lowered the overall cost and increased the quality and performance of steel structures.

Asia-Pacific dominated the market share in terms of revenue in 2023
The steel structure market is analyzed across North America, Europe, Asia-Pacific, Latin America, and MEA. In 2023, Asia-Pacific accounted for more than one-third of the market share, and it is expected to grow at a significant CAGR during the forecast period. China holds the maximum share in the steel structure market in Asia-Pacific. Rise in commercial buildings, such as office complexes and shopping malls, along with residential projects, is a significant driver of the growth of the market in the region.

Inquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A238354

Steel Structure Market

Leading Market Players: –
P&R Metals Inc.
Arcelor Mittal S.A.
Baogang Group
Evraz plc
Gerdau S.A
Nippon Steel Corporation
JSW Steel Limited
Tata Steel Limited
SAIL
Wuhan Iron & Steel (Group) Corp
Hebei Steel Group
The report provides a detailed analysis of these key players in the steel structure market. The players have adopted different strategies, such as new product launches, expansion, and acquisitions to increase their market share in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Buy This Research Report@ https://www.alliedmarketresearch.com/checkout-final/24ab573777cfbf228a4fe3014fa19a55

Trending Reports:
Steel Roofing Market https://www.newstrail.com/steel-roofing-market-expected-to-reach-17-5-billion-by-2032-allied-market-research/

Overhead Cranes Market https://www.newstrail.com/overhead-cranes-market-expected-to-grow-at-4-9-cagr-reaching-5-04-billion-by-2027/

Industrial Noise Control Market https://www.newstrail.com/global-industrial-noise-control-market-to-surpass-12-billion-by-2033-reports-allied-market-research/

Aquaculture Equipment Market https://www.newstrail.com/aquaculture-equipment-market-to-reach-37-1-billion-by-2033-growing-at-7-2-cagr/

Carbon Monoxide Alarms Market https://www.newstrail.com/carbon-monoxide-alarms-market-poised-for-879-7-million-valuation-by-2032-driven-by-7-2-cagr/

Fresh Water Generator Market https://www.newstrail.com/fresh-water-generator-market-to-top-363-8-million-by-2032-driven-by-6-7-cagr/

Digital Metal Detector Market https://www.newstrail.com/digital-metal-detector-market-outlook-2032-trends-growth-drivers-and-emerging-opportunities/

About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com

Construction and Manufacturing Blog

David Correa
Allied Market Research
+ 1800-792-5285
email us here
Visit us on social media:
LinkedIn
Facebook
YouTube
X

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.