Europe Steel Market Size & Outlook, 2024-2030
The steel market in Europe is expected to reach a projected revenue of US$ 285,339.5 million by 2030. A compound annual growth rate of 3.2% is expected of Europe steel market from 2025 to 2030.
Revenue, 2024 (US$M)
$236,017.3
Forecast, 2030 (US$M)
$285,339.5
CAGR, 2025 - 2030
3.2%
Report Coverage
Europe
Europe steel market, 2018-2030 (US$M)
Related Markets
Europe steel market highlights
- The Europe steel market generated a revenue of USD 230,670.3 million in 2023.
- The market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, building & construction was the largest revenue generating end use in 2023.
- Consumer Goods is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 230,670.3 million |
| Market revenue in 2030 | USD 285,339.5 million |
| Growth rate | 3.1% (CAGR from 2024 to 2030) |
| Largest segment | Building & construction |
| Fastest growing segment | Consumer Goods |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Building & Construction, Automotive & Transportation, Heavy Industry, Consumer Goods |
Other key industry trends
- In terms of revenue, Europe region accounted for 12.9% of the global steel market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 120,147.9 million by 2030.
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Europe steel market size, by country, 2018-2030 (US$M)
Europe Steel Market Outlook Share, 2024 & 2030 (US$M)
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