Intricate Automotive and Construction Output Rely upon Steel Fabrication Market CAGR marking 4.10%, during the Forecast 2019-2025

Published By: IndustryARC Published On : 09-May-2019

Steel fabrication is the procedure of turning basic steel sections into operational shapes by processing it through steel fabricators that can be used in the construction, automotive, mining, and civil infrastructure sector. With rampant upsurge in steel production and extensive and undying application of steel in the aforementioned sectors, the fabrication steel market demand trajectory is escalating. As per a recent business intelligence report by IndustryARC, the global

steel fabrication 

market

value stood at $138 billion as of 2018
; with perpetual crude steel production and modern civil infrastructure diverting from traditional concrete towards steel framework, endless opportunities is equipping the market with progressions calculated in the form of CAGR marking 4.10%, during the forecast period of 2019-2025.

The study incorporates all the commercial aspects of the trending steel fabrication market ranging from its end-users verticals, applications insights and regional revenue pockets to an imperative competitive landscape and pricing conditions. An unbiased topography is maintained throughout the report by the analyst via inclusion of challenging aspects pertaining to each segment assisted by effective solutions. The report is titled “

Steel Fabrication Market: By Type (Carbon Steel, Alloy Steel, Stainless Steel and Tool Steel), By Manufacturing Process (Blast Furnace, Electric Arc Furnace and Others), By Product Type (Slab, Billet and Bloom), By End User (Automotive, Shipping, Infrastructure, Railways, Aviation, Power & Energy, Machine Goods, Home Appliances and Others) & Geography - Forecast(2019 - 2025)

.”

 

Steel Fabrication Market Leading Segments:

According to the analyst of the report, APAC pedals majority of the steel fabrication market share as a consequence of rapid industrialization. Economies such as China, India and Japan secured the top 3 spots as crude steel producers in 2018 as per the World Steel Association.[1] In 2018, APAC lead the global steel fabrication market demand share that was evaluated to be 60%. Majority of the demand is sourced by the strong presence of automotive OEM manufacturers and bourgeoning construction trends in the region such as smart cities. The market for steel in APAC is well established with wide range of retail and distribution networks.

Steel fabrication serves steel with efficient industrial peculiarities such as corrosion resistance, high oxidation temperature, and integrity to maintain the mechanical properties over a wide temperature range. Such peculiarities are crafting it as an appropriate material to be used in modern construction sector that is diverting towards intricately designed infrastructures with utmost precision. Owing to such traits, building and construction is reckoned to be fastest growing end-user vertical, and is estimated to be progressing at CAGR of 5.20% going through 2025.

 

Steel Fabrication Market Trends:

  • · The process of steel fabrication is an imperative tool capitalized by various energy sectors encompassing wind, oil and gas and, nuclear energy. The demand for precisely tailored products for specific industrial operations such as pipelines and electric power turbine comes from the energy generating plants, which in turn is propelling the steel fabrication market growth.
  •  
  • · 3D printing technology, since its inception, has disrupted traditional processes in various sectors including steel fabrication. It optimizes the efficiency in output processes and advocates minimum wastage. 3D printing also known as metal printing liberate the scope of customization in steel fabrication and hence is fueling the demand for fabricated steel products to be employed in complex automotive engineering and construction process.
  •  
  • · Contemporary steel fabrication processes are being sidelined with the advent of laser technology equipped with profitable traits. Laser technology apart from great speed and capacity also enhances the most essential front of 'precision'. With laser equipped tools intricate cuts are achieved with utmost accuracy and speed, making the process efficient and economic.
  •  

  • · In 2018, Tata Steel and ThyssenKrupp went under a contractual agreement to merge their European steel business in a joint venture with equal shares. This union will generate a strong and robust European steel company and supplement rising opportunities for investors. The projected new company, to be entitled ‘thyssenkrupp Tata Steel BV’.

 

Steel fabrication Market Key Players Perspective:

Some of the key players operating the global steel fabrication market are O'Neal Manufacturing Service, BTD Manufacturing Inc., Kapco Inc., Mayville Engineering Company, Inc., Watson Engineering Inc., Defiance Metal Products, Standard Iron & Wire Works Inc., Ironform Corporation, EVS Metal, Interplex Holdings Pte. Ltd and LancerFab Tech Pvt. Ltd.

 

Talk to one of our sales representative about the full report by providing your details in the link below:


Related Reports: 

A.    

Metal Fabrication Equipment Market

https://industryarc.com/Research/Metal-Fabrication-Equipment-Market-Research-503300

B.    

Steel Framing Market

https://industryarc.com/Report/16222/steel-framing-market.html

 

What can you expect from the report?

The Steel Fabrication market is prepared with the main agenda to cover the following 20 points:

 

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                         Volume)

2. Market trends & Relevant Market Data                               12. Country level Analysis

3. Manufacturer Landscape                                                    13. Competitor Analysis

4. Distributor Landscape                                                         14. Market Shares Analysis

5. Pricing Analysis                                                                  15. Value Chain Analysis

6. Top 10 End user Analysis                                                   16. Supply Chain Analysis

7. Product Benchmarking                                                       17. Strategic Analysis

8. Product Developments                                                        18. Current & Future Market Landscape                                                                                                           Analysis

9. Mergers & Acquisition Analysis                                          19. Opportunity Analysis

10. Patent Analysis                                                                   20. Revenue and Volume Analysis

 

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response

: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.

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https://industryarc.com/support.php?id=18235

 

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Mr. Venkat Reddy

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About IndustryARC

: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.


[1] https://www.worldsteel.org/media-centre/press-releases/2019/Global-crude-steel-output-increases-by-4.6--in-2018.html

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