Europe Structural Steel Market (2020-2026) | Share, Trends, Analysis, Growth, Value, Revenue, Size, Forecast, Outlook, Industry, Companies & COVID-19 IMPACT

Europe structural steel market is likely to have progressive growth due to its rapid industrial growth, growing urbanization with increasing residential housing units, and an upsurge in residential and non-residential infrastructure, increase in the government spending on construction and infrastructural projects, rise in the renovation of old buildings are the key factors expected to swell the demand and anticipated to propel consumption of structural steel in the commercial sector which in turn drive the growth of European structural steel market. Corrosion fear, expensive fireproof treatment, and fatigue and fracture in steel are anticipated to be some of the restraints that could inhibit the growth of the European market scenario. However, the current COVID 19 pandemic has brought the manufacturing companies to a standstill and this sector has been worst hit with the current pandemic situation as manufacturers of non-essential goods had to shut down their manufacturing facilities in compliance with the government norms for lockdown, which by directly affecting the production and demand, creating supply chain and market disruption, and especially impacting firms and financial markets financially and even some construction companies are facing problems bringing their workers and their operations back to normal due to lockdown.

According to 6Wresearch, the Europe Structural Steel Market size is anticipated to register growth during 2020-26. When we observe the European market has accounted for the second-largest market share and is poised to register good growth during the forecast period. Germany is the leading market in the region and is expected to show its dominance in the coming years as well. Besides, we see increased spending on infrastructure construction in Central Europe which is likely to add to the regional market growth of structural steel. Renovation of residential structures is anticipated to create several opportunities for structural steel vendors in Europe. We got to know that most of the buildings in Europe are very old; thus, several buildings would require renovation and reconstruction, and North and West European regions have a great share of old residential buildings compared to other regions. Manufacturers are involved in product launches, innovations, partnerships, and M&A, to expand their product portfolio and increase their regional presence and survive in COVID 19 pandemic.

The Europe structural steel market is estimated to witness opportunities in construction, infrastructure, real estate, energy, industrial, and commercial sectors, which are segmented into Heavy structural steel, Light structural steel, Rebar. We know the fact that structural systems including beams and columns are utilized in residential buildings with an increase in residential construction in this region this can be owing to rising income levels and urbanization, which has led to an increase in construction projects. Now with the increase in product utilization in constructing residential buildings will have an impression on steel market trends positively. There is growing vertical with the development to rebuild old residential apartments, which are lying in the dilapidated condition, made governments think to demolish old apartments to prevent accidents during natural calamities will drive steel demand. The rise within the construction of civic amenities and new houses under urban development programs will fuel the steel market price. Major players involved in the structural steel industry includes ArcelorMittal S.A, Nippon Steel & Sumitomo Metal Corporation, JSW Steel, Shagang Group, Shandong Iron & Steel Group, Tata Steel (TISCO), Wuhan Iron and Steel, Hyundai Steel, and Essar Steel.

The Europe Structural Steel market report thoroughly covers the market by Products, Applications, and countries such as Germany, UK, France, Italy, Spain, Russia, Poland, Sweden, Netherlands, Belgium, Hungary, Romania, Luxembourg and the rest of Europe. The Structural Steel market outlook report provides an unbiased and detailed analysis of the on-going Europe Structural Steel market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to plan and align their market strategies consistent with the present and future market dynamics.

Key Highlights

• Europe Structural Steel Market Outlook
• Europe Structural Steel Market Overview
• Europe Structural Steel Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of Europe Structural Steel Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Type
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Application
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Countries
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for United Kingdom Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Germany Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Italy Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for France Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for rest of Europe Structural Steel Market
• Market Drivers and Restraints
• Europe Structural Steel Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Europe Structural Steel Market Share, By Players
• Competitive Benchmarking

Markets Covered

The report provides a detailed analysis of the following market segments:

• By Type:
• Heavy Sectional Steel
• Light Sectional Steel
• Rebar
• By Application:
• Residential
• Non-residential
• By Countries:
• United Kingdom
• Germany
• Italy
• France
• Rest of Europe

Frequently Asked Questions About the Market Study (FAQs):