Structural Hollow Sections Industry Global Overview: Market Size, Growth Insights and Forecast
Report ID : 1368049 | Published : January 2025 | Study Period : 2023-2033 | Format : PDF + Excel
The market size of the Structural Hollow Sections Industry is categorized based on Material Type (Steel, Aluminum, Plastic, Composite, Other Materials) and Shape (Square, Rectangular, Circular, Other Shapes) and Application (Construction, Automotive, Manufacturing, Energy, Other Applications) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The Structural Hollow Sections Industry, valued at USD 7.5 billion in 2023, is anticipated to expand to USD 12.5 billion by 2033 at a CAGR of 5.2% from 2024 to 2033. This report covers different segments and offers an analysis of the substantial trends and factors affecting the market.
The Structural Hollow Sections Market has grown to be one of the fastest growing segments of the construction and manufacturing sector fuelled by the demand of the lightweight but strong materials. These sections come in multiple shapes and includes rectangular, square and circular. Their strength-to-weight characteristics makes them easy to use in a wide range of applications such as structural (like buildings) and industrial. As society becomes more energy conscious and material efficient, reaching to more sustainable construction practices, the demand for structural hollow sections has increased.
In addition, the increasing urbanization and infrastructure construction boom particularly in the developing countries is set to aid the structural hollow section market expansion. Used across verticals as varied as construction, automotive and even furniture, these materials are not only useful but also lead to creative design possibilities. There is increasing interest among companies and governments to adopt sustainable building technology and construction methods which would result in a massive growth of the structural hollow sections industry, as well as allowing businesses within the industry to expand their product lines and take the advantage of new trends.
| ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2023-2033 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2033 |
| HISTORICAL PERIOD | 2023-2024 |
| UNIT | VALUE (USD BILLION) |
| KEY COMPANIES PROFILED | Tata Steel, ArcelorMittal, Nippon Steel Corporation, JFE Steel Corporation, Thyssenkrupp AG, Severstal, Outokumpu, SSAB AB, Steel Dynamics Inc., U.S. Steel Corporation, Hollow Structural Sections Inc. |
| SEGMENTS COVERED |
By Material Type - Steel, Aluminum, Plastic, Composite, Other Materials
By Shape - Square, Rectangular, Circular, Other Shapes
By Application - Construction, Automotive, Manufacturing, Energy, Other Applications
By Geography - North America, Europe, APAC, Middle East Asia & Rest of World. |
Structural Hollow Sections Industry Dynamics
The Structural Hollow Sections Industry is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.
Market Drivers
- Technological Advancements
- Increasing Consumer Demand
- Regulatory Support
- Globalization
Market Restraints
- High Operational Costs
- Regulatory Challenges
- Market Saturation
Market Opportunities
- Emerging Markets
- Product Innovation
- Strategic Partnerships
Market Challenges
- Technological Disruptions
- Supply Chain Issues
- Changing Consumer Preferences
Structural Hollow Sections Industry Segmentations
Market Breakup by Material Type
- Overview
- Steel
- Aluminum
- Plastic
- Composite
- Other Materials
Market Breakup by Shape
- Overview
- Square
- Rectangular
- Circular
- Other Shapes
Market Breakup by Application
- Overview
- Construction
- Automotive
- Manufacturing
- Energy
- Other Applications
Market Breakup by Region
North America
- United States of America
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
- Italy
- Spain
- Others
Asia Pacific
- China
- Japan
- India
- ASEAN
- Australia
- Others
Latin America
- Brazil
- Argentina
- Mexico
- Others
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Nigeria
- South Africa
- Others
Key Players in the Structural Hollow Sections Industry
This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.
- Tata Steel
- ArcelorMittal
- Nippon Steel Corporation
- JFE Steel Corporation
- Thyssenkrupp AG
- Severstal
- Outokumpu
- SSAB AB
- Steel Dynamics Inc.
- U.S. Steel Corporation
- Hollow Structural Sections Inc.
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