IMARC Group has published a market research report titled “North America Structural Steel Fabrication Market Report by Service (Metal Welding, Machining, Metal Forming, Metal Cutting, Metal Shearing, Metal Folding, Metal Rolling, Metal Punching, Metal Stamping), End Use Industry (Construction, Automotive, Manufacturing, Energy and Power, Electronics, and Others), and Country 2024-2032” The North America structural steel fabrication market size reached US$ 18.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 23.4 Billion by 2032, exhibiting a growth rate (CAGR) of 2.79% during 2024-2032.
The growing urbanization, which increases building activity in the residential, commercial, and industrial sectors, is one of the reasons driving the growth of the North America structural steel fabrication market. Additionally, as urbanization continues to rise, there is an escalating need for high-rise buildings, bridges, and infrastructure that rely heavily on steel as a core component due to its strength and durability, which is fueling the market. This demand is further amplified by the recovery of the economy, encouraging investments in large-scale construction projects. Moreover, advancements in fabrication technologies, such as automation and robotics, are enhancing the efficiency and precision of steel parts, thereby reducing waste and labor costs while improving safety during the fabrication process, which is contributing to the expansion of the market.
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North America Structural Steel Fabrication Market Trends and Drivers:
The trend towards sustainable construction practices is influencing the North America structural steel fabrication market significantly. Additionally, there is an elevating preference for using recycled materials, and steel is highly favored in this regard due to its recyclability without loss of quality, which acts as another growth-inducing factor. The industry is also benefiting from stringent building regulations and standards that demand robust and durable construction materials, with steel often meeting these criteria, thereby escalating the market. Furthermore, the development of integrated supply chains and partnerships among contractors, suppliers, and fabricators is streamlining operations and reducing project timelines, which is anticipated to drive the North America structural steel fabrication market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Service:
- Metal Welding
- Machining
- Metal Forming
- Metal Cutting
- Metal Shearing
- Metal Folding
- Metal Rolling
- Metal Punching
- Metal Stamping
Breakup by End Use Industry:
- Construction
- Automotive
- Manufacturing
- Energy and Power
- Electronics
- Others
Breakup by Country:
- United States
- Canada
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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