Global Steel Sections Market Size & Outlook, 2023-2030

The steel sections industry worldwide is expected to reach a projected revenue of US$ 174,439.6 million by 2030. A compound annual growth rate of 5.9% is expected of the worldwide steel sections industry from 2024 to 2030.
Revenue, 2023 (US$M)
$116,917.6
Forecast, 2030 (US$M)
$174,439.6
CAGR, 2024 - 2030
5.9%
Report Coverage
Worldwide

Global steel sections market highlights

  • The global steel sections market generated a revenue of USD 123,103.9 million in 2022 and is expected to reach USD 174,439.6 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 4.5% by 2030.
  • In terms of segment, non-residential accounted for a revenue of USD 64,529.8 million in 2022.
  • Non-residential is the most lucrative application segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 123,103.9 million
Market revenue in 2030USD 174,439.6 million
Growth rate4.5% (CAGR from 2022 to 2030)
Largest segmentNon-residential
Fastest growing segmentNon-residential
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationResidential, Non-residential

Other key industry trends

  • In terms of revenue, the North America accounted for 8.8% of the global steel sections market in 2022.
  • By country, the China is projected to lead the global market in terms of revenue in 2030.
  • By country, Canada is the fastest growing regional market and is projected to reach USD 1,386.8 million by 2030.

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Steel Sections Market Scope

Steel sections market segmentation & scope
Construction
Infrastrcture
Industrial
Automotive
Industrial Manufacturing
Power & Energy
Others
Oil & gas
Chemicals and petrochemicals
Automotive & transportion
Mechanical engineering
Power plant

Steel Sections Market Companies

Name Profile # Employees HQ Website

Global steel sections market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to steel sections market will help companies and investors design strategic landscapes.


Non-residential was the largest segment with a revenue share of 52.42% in 2023. Horizon Databook has segmented the Global steel sections market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Steel Sections Application Outlook (Revenue, USD Million, 2018-2030)
    • Construction
    • Infrastrcture
    • Industrial
    • Automotive
    • Industrial Manufacturing
    • Power & Energy
    • Others
    • Residential
    • Non-residential
    • Oil & gas
    • Chemicals and petrochemicals
    • Automotive & transportion
    • Mechanical engineering
    • Power plant

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  • Our clientele includes a mix of steel sections market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global steel sections market , including forecasts for subscribers. This global databook contains high-level insights into Global steel sections market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global steel sections market size, by regions, 2018-2030 (US$M)

Top 10 countries: Steel sections market size, 2022 (US$M)

Global steel sections market share, by application, 2022 & 2030 (%, US$M)

Steel sections market: Opportunity assessment by country

Global steel sections market, by region, 2023 (US$M)

Global steel sections market size, by regions, 2018-2030 (US$M)

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