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

North America structural steel market is increasing at moderate growth on the account of growing steel consumption and its application in several industries especially construction, increasing residential housing units, increasing income growth and, boosted consumer spending, growing urbanization, increase in construction spending on infrastructural projects with rising demand in construction, increased use of blockchain, Internet of Things and advancement in technology 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 global structural steel market. Corrosion fear, expensive fireproof treatment and fatigue and fracture in steel, and most importantly the trade war between the U.S. and China especially on steel and aluminium had resulted in a slowdown of investments, might be some of the restraints that could inhibit the growth of the global 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 had affected the global economy by directly affecting the production and demand, creating supply chain and market disruption, and especially impacting firms and financial markets financially.

According to 6Wresearch, the North America Structural Steel Market size is anticipated to register growth during 2020-26. Despite the global economic slowdown, the U.S. accounted for a significant demand for structural steel products in the construction sector. We can also observe the rising demand in the construction sector in Canada as well. The U.S. construction sector is the second-largest in the world and is estimated to witness a lucrative growth rate over the forecast period. The U.S. economic outlook appears to be strong on account of income growth and job opportunities which continue to boost consumer spending. The demand for structural steel and pre-fabricated buildings has upped the ante in Canada and the construction sector has significantly contributed to the growth in the structural steel market. The steel manufacturers and construction companies who are hit by COVID-19 are involved in product launches, innovations, partnerships, and M&A to expand their product portfolio and increase their regional presence, and getting accustomed to COVID 19 new normal to get into operation.

The North America structural steel market is estimated to witness opportunities in construction, infrastructure, manufacturing, power and energy, oil and gas, real estate, industrial, and commercial sectors, that are segmented into Heavy structural steel, Light structural steel, Rebar. The US structural steel fabrication market and structural steel market for a commercial application are estimated and expected to observe growth during the forecast period. And, if we see the demand for prefabricated buildings has led to increased consumption of steel structures, the construction sector has been one of the major end-user segments that contribute significantly to the growth of structural steel fabrication in Canada. Major players involved in the structural steel industry include Valmont Industries, Inc., Cornerstone Building Brands, Inc., DBM Global, Groupe Canam Inc, Sabre Industries Inc.

The North America Structural Steel market report thoroughly covers the market Product type, application, and countries such as the United States and Canada. The Structural Steel market outlook report provides an unbiased and detailed analysis of the on-going North American 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

• North America Structural Steel Market Outlook
• North America Structural Steel Market Overview
• North America Structural Steel Market Forecast
• Historical Data for the period 2016-2019 and Market Forecast of North America Structural Steel Market Revenues until 2026
• Historical Data for the period 2016-2019 and Market Forecast of the market until 2026, By Product 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 States Structural Steel Market
• Historical Data for the period 2016-2019 and Market Forecast until 2026 for Canada Structural Steel Market
• Market Drivers and Restraints
• North America Structural Steel Market Trends
• Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• North America Structural Steel Market Share, By Players
• Competitive Benchmarking

Markets Covered

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

• By Product Type:
• Heavy Sectional Steel
• Light Sectional Steel
• Rebar
• By Application:
• Residential
• Non-residential
• By Countries:
• United States
• Canada

Frequently Asked Questions About the Market Study (FAQs):