China Structural Steel Fabrication Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The China Structural Steel Fabrication Market is Segmented By Service ( Metal Welding, Metal Forming, Metal Cutting, Metal Shearing, Metal Stamping, Machining, Metal Rolling, and Others), Application( Construction, Automotive, Manufacturing, Energy & Power, Electronics, Defense & Aerospace, and Others). The report offers market size and forecasts for the China Structural Steel Fabrication Market in value (USD) for all the above segments.

China Structural Steel Fabrication Market Size

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China Structural Steel Fabrication Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR > 3.50 %
Largest Market Asia-Pacific
Market Concentration Low

Major Players

China Structural Steel Fabrication Market Major Players

*Disclaimer: Major Players sorted in no particular order

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China Structural Steel Fabrication Market Analysis

The size of China's structural steel fabrication market is USD 110.7 billion in the current year and is anticipated to register a CAGR of over 3.5% during the forecast period. The Chinese construction sector was predicted to rise by 8.5% to CNY 9,508 billion (USD 13 Billion) by 2022.

  • China now includes 1.2 billion tons of steel manufacturing capacity annually, with annual consumption averaging around 1 billion tons.
  • Steel capacity in China, recognized by the country's Ministry of Industry and Information Technology, reached 1.3 billion tonnes annually. But steel demand is expected only to be around 1 billion tonnes for the current year.
  • China's pig iron output in the current year reached 76.78 million metric tons, averaging 2.55 million metric tons/day, up 10.80% on the month, National Bureau of Statistics. According to the China Iron & Steel Association, China's steel-related consumption fell 9.5% year on year to 235 million metric tons in the first quarter of 2022.
  • China's crude steel production in the current year was still 5.20% lower on year at 92.78 million metric tons, but the daily output rose 8.60% on the month to 3.09 million metric tons, breaching the 3 million metric tons level for the first time since July 2021.
  • China's pig iron and crude steel output in the first four months totaled 280.30 million metric tons and 336.15 million metric tons, still 9.40% and 10.30% lower on the year, respectively, according to the NBS data.

China Structural Steel Fabrication Market Trends

Rising Demand for Prefabricated Buildings

  • The advantages of prefabricated buildings are evident, and the business includes strong development potential. Building components serve as the core of prefabricated buildings. They relate to the application of industrial manufacturing technologies in constructing dwellings. Some or all of the house's components are prefabricated in the factory, brought to the building site, and built via a reliable connection.
  • Regarding environmental protection, prefabricated buildings may greatly save water, electricity, and waste disposal. Precast concrete buildings and prefabricated steel structures dominate China's prefabricated construction uses. East and North China contain the highest concentrations of prefabricated structures in China. These regions' economies are very developed, and the pace and frequency with which local governments implement prefabricated building-related policies are substantially higher than in other locations. Furthermore, the Chinese government unequivocally stated its strong support for developing prefabricated structures.
China Structural Steel Fabrication Market: Value added in the Chinese construction industry from 2018 to 2022

Increasing Use of Structural Steel in the Construction Industry

  • Structural steels are a significant component of prefabricated structures. In China, structural steel accounted for almost 30% of prefabricated buildings, a larger percentage than in previous years. The construction industry in China is expected to grow by 8.5% to reach CNY 9,508 billion (USD 13 billion) in 2022. The construction output in the country is expected to reach CNY 12,582.5 billion (USD 18 billion) by 2026.
  • With growing urbanization, China's construction sector generated more than CNY 29 trillion (USD 42 trillion) in production that year. Structural steel construction accounted for up to 5% of the construction sector in China. Furthermore, due to lower costs and workforce compared to the traditional technique, most construction businesses chose to increase structural steel usage in the construction process.
  • Because of this rising structural steel demand in China, structural steel utilization in the country's building sector is predicted to reach 10% throughout the projection period. Furthermore, industry experts feel there is still a lot of space for growth in steel-structure buildings and residences.
China Structural Steel Fabrication Market: Output value of the construction works in China from 2018 to 2022

China Structural Steel Fabrication Industry Overview

The report covers the major players operating in the China structural steel fabrication market. Regarding market share, the regional companies compete heavily with no major share as small and medium-sized players majorly occupy the market. Hence the market is highly competitive and fragmented. Major Players in the market are China Steel Structure Co., Ltd, Hebei Baofeng Steel Structure Co., Ltd, Qingdao Xinguangzheng Steel Structure Co., Ltd., United Steel Structures Ltd., and Qingdao Havit Steel Structure Co., Ltd.

China Structural Steel Fabrication Market Leaders

  1. China Steel Structure Co., Ltd

  2. Hebei Baofeng Steel Structure Co.,Ltd

  3. Qingdao Xinguangzheng Steel Structure Co.,Ltd.

  4. United Steel Structures Ltd.

  5. Qingdao Havit Steel Structure Co., Ltd

*Disclaimer: Major Players sorted in no particular order

China Structural Steel Fabrication Market Concentration
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China Structural Steel Fabrication Market News

  • August 2022; The world's largest iron and steel company China Baowu Steel Group, a state-owned enterprise, acquired a 51% stake in XinSteel, the biggest steelmaker in Jiangxi province. JunHe and Clifford Chance advised this CNY 4.26 billion (USD 630 million) deal.
  • December 2022: China Baowu Steel Group, the world's largest steelmaker by sales, approved to take over Sinosteel Group. The state assets regulator said yesterday, after coming under its supervision a little over two years ago. The merger will boost Baowu Steel's overseas rights and interests, Wang Guoqing, director of the Lange Steel Research Center, told Yicai Global.

China Structural Steel Fabrication Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Challenges

    4. 4.4 Market Opportunities

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Suppliers

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Technological Snapshot

    8. 4.8 Government Regulations and Key Initiatives

    9. 4.9 Impact of Covid-19 on the market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Service

      1. 5.1.1 Metal Welding

      2. 5.1.2 Metal Forming

      3. 5.1.3 Metal Cutting

      4. 5.1.4 Metal Shearing

      5. 5.1.5 Metal Stamping

      6. 5.1.6 Machining

      7. 5.1.7 Metal Rolling

      8. 5.1.8 Others

    2. 5.2 By Application

      1. 5.2.1 Construction

      2. 5.2.2 Automotive

      3. 5.2.3 Manufacturing

      4. 5.2.4 Energy & Power

      5. 5.2.5 Electronics

      6. 5.2.6 Defense & Aerospace

      7. 5.2.7 Others

  6. 6. COMPETITVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 Key Company Profiles

      1. 6.2.1 China Steel Structure Co., Ltd

      2. 6.2.2 Hebei Baofeng Steel Structure Co.,Ltd

      3. 6.2.3 Qingdao Xinguangzheng Steel Structure Co.,Ltd.

      4. 6.2.4 United Steel Structures Ltd.

      5. 6.2.5 Qingdao Havit Steel Structure Co., Ltd

      6. 6.2.6 Huayin Group

      7. 6.2.7 Qingdao Tailong Steel Structure Co., Ltd

      8. 6.2.8 Hongfeng Industrial Group

      9. 6.2.9 Wuxi Chuxin Steel Structure Project Co., Ltd

      10. 6.2.10 Guangdong Dongji Intelligent Device Co., Ltd.

      11. 6.2.11 Rizhao Steel Holding Group Co.,Ltd

      12. 6.2.12 Dingli Steel Structure Co., Ltd*

  7. 7. INVESTMENT ANALYSIS

  8. 8. FUTURE MARKET OUTLOOK

  9. 9. APPENDIX

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China Structural Steel Fabrication Industry Segmentation

Structural steel fabrication is bending, cutting, and modeling steel to form a structure. Structural steel fabrication pieces of steel are put together to make different structures, usually of predefined sizes and shapes.

This report will provide a detailed analysis of the China structural steel fabrication market. It focuses on market dynamics, technological trends, and insights into various material and application types. Also, it analyses the key players and the competitive landscape in the China structural steel fabrication market.

The China Structural Steel Fabrication Market is segmented by service ( metal welding, metal forming, metal cutting, metal shearing, metal stamping, machining, metal rolling, and others), application( construction, automotive, manufacturing, energy & power, electronics, defense & aerospace, and others). The report offers market size and forecasts for the China Structural Steel Fabrication Market in value (USD) for all the above segments.

By Service
Metal Welding
Metal Forming
Metal Cutting
Metal Shearing
Metal Stamping
Machining
Metal Rolling
Others
By Application
Construction
Automotive
Manufacturing
Energy & Power
Electronics
Defense & Aerospace
Others
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China Structural Steel Fabrication Market Research Faqs

The China Structural Steel Fabrication Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)

China Steel Structure Co., Ltd, Hebei Baofeng Steel Structure Co.,Ltd, Qingdao Xinguangzheng Steel Structure Co.,Ltd., United Steel Structures Ltd. and Qingdao Havit Steel Structure Co., Ltd are the major companies operating in the China Structural Steel Fabrication Market.

In 2024, the Asia-Pacific accounts for the largest market share in China Structural Steel Fabrication Market.

The report covers the China Structural Steel Fabrication Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Structural Steel Fabrication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

China Structural Steel Fabrication Industry Report

Statistics for the 2024 China Structural Steel Fabrication market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Structural Steel Fabrication analysis includes a market forecast outlook to for 2024 to 2029) and historical overview. Get a sample of this industry analysis as a free report PDF download.

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China Structural Steel Fabrication Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)