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Saudi Arabia Structural Steel Market Share, Size, Trends, Growth, Analysis, Forecast: By Product Type: H-Type Beam, I-Type Beam, Columns, Angles, Others; By End-Use: Residential, Institutional, Commercial, Manufacturing; By Usage: Direct End-User, EPC-Contractor, Others; Market Dynamics; Regional Analysis; Competitive Landscape; 2023-2028

Saudi Arabia Structural Steel Market Outlook

The Saudi Arabia structural steel market is expected to grow at a CAGR of 4.90% between 2023 and 2028. The market is being driven by the burgeoning building and construction sector across Saudi Arabia which is generating the demand for structural steel.

 

Key Trends in the Market

Structural steel is a specific type of steel that is primarily used in building and construction to form the core structures of the building, often acting as a reinforcement material for concrete. The material is predictable and is required to meet standards for dimensional tolerance and composition. Structural steel is an optimised steel which is strong, ductile, and supports good machinability, making it suited for building and construction applications. 

 

  • The Saudi Arabia structural steel market is being driven by the growing expansion of the construction sector, owing to the rising government investments, improved standards of living, and increasing disposable income.
  • Strong foothold of steel manufacturers, marketers, and suppliers in the country is further fuelling the market growth by providing a steady supply of quality structural steel to the market.
  • The rising investments in steel plants in the country are expected to be the key driving trends in the market which are expected to ramp up the production of structural steel, thereby, enhancing the production volume.

 

Market Analysis

Based on product type, the Saudi Arabia structural steel market can be segmented into H-type beam, I-type beam, columns, and angles, among others. H-type beam, I-type beam, columns, and angles are further subdivided by size into 0-80 mm and 80-200 mm. On the basis of end-use, the market can be classified into residential, institutional, commercial, and manufacturing. Commercial end-use is subcategorised by warehouse by type into small, medium, and large. By usage, the market has been segmented into direct end-user, and EPC-contractor, among others. The regional markets for Saudi Arabia structural steel can be divided into Northern and Capital Region, Western Region, and Eastern Region, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia structural steel market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

 

  • Saudi Iron and Steel Company (HADEED)
  • Al Ittefaq Steel Products Co's (ISPC)
  • Alfanar Group
  • Zamil Structural Steel Co. Ltd.
  • POSCO
  • Others

 

Market Share by Product Type

Based on product type, the H-type beam segment accounts for a significant share in the Saudi Arabia structural steel market. H-type beam structural steel can bear heavier loads than their counterparts which makes them applicable in large residential and commercial structures. In addition, their thick central web, superior cross-sectional area, and wide flanges make them more reliable. A high demand for H-type beam structural steel across large scale construction projects is propelling the segment’s growth. Meanwhile, the I-type beam structural steel segment is expected to be a fast growing segment in the forecast period because of the cost savings attained. I-type beam also exhibits high precision and low residual stress which are the critical advantages offered by the I-type beams. 

 

Market Share by End-Use

The residential segment, based on end-use, accounts for a healthy share of the Saudi Arabia structural steel market. This can be attributed to the increasing investments in new residential construction projects, fuelled by the increasing standards of living, favourable policies of the government, and rapid urbanisation in the country. Over the forecast period, the ambitious real estate and infrastructure development projects in Saudi Arabia are expected to heighten the incorporation of strong and durable structural steel. Meanwhile, the thriving commercial construction industry in the country is further generating a healthy demand for structural steel, thereby, bolstering the commercial segment.  

 

Competitive Landscape

Saudi Iron and Steel Company (HADEED) is a leading steel integrated facility based in Al Jubail, Saudi Arabia. The company was founded in the year 1979 and began operations in 1983. Steel components manufactured by Saudi Iron and Steel Company (HADEED) are applied across various commercial and residential projects in the country. 

 

Al Ittefaq Steel Products Co's (ISPC) is a major steel fabricator based in Saudi Arabia, the product portfolio of which contains welding electrodes, steel mesh, bolts, springs, and wires, among others. The company is headquartered in Dammam, Saudi Arabia. Al Ittefaq Steel Products Co's (ISPC) also produces rebar coil, including standardised deformed rebar coil, which cater to the needs of various end use sectors. 

 

Alfanar Group is a renowned Saudi construction company headquartered in Riyadh. This company is dedicated towards the manufacturing of electrical construction components, EPC solutions, and diverse engineered products. This company operates across Middle East, Asia, Africa, and Europe and caters to the demands of various end use sectors.   

 

Other market players include Zamil Structural Steel Co. Ltd., and POSCO, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • End-Use
  • Usage
  • Region
Breakup by Product Type
  • H-Type Beam
  • I-Type Beam
  • Columns
  • Angles
  • Others
Breakup by End-Use
  • Residential
  • Institutional
  • Commercial
  • Manufacturing
Breakup by Usage
  • Direct End-User
  • EPC-Contractor
  • Others
Breakup by Region
  • Northern and Capital Region
  • Western Region
  • Eastern Region
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Saudi Iron and Steel Company (HADEED)
  • Al Ittefaq Steel Products Co's (ISPC)
  • Alfanar Group
  • Zamil Structural Steel Co. Ltd.
  • POSCO
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Saudi Arabia Structural Steel Market Analysis

    8.1    Key Industry Highlights
    8.2    Saudi Arabia Structural Steel Historical Market (2018-2022) 
    8.3    Saudi Arabia Structural Steel Market Forecast (2023-2028)
    8.4    Saudi Arabia Structural Steel Market by Product Type
        8.4.1    H-Type Beam
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            8.4.1.4    Market Share by Size
                8.4.1.4.1    0-80 mm
                8.4.1.4.2    80-200 mm
        8.4.2    I-Type Beam
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
            8.4.2.4    Market Share by Size
                8.4.2.4.1    0-80 mm
                8.4.2.4.2    80-200 mm
        8.4.3    Columns
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028) 
            8.4.3.4    Market Share by Size
                8.4.3.4.1    0-80 mm
                8.4.3.4.2    80-200 mm
        8.4.4    Angles
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028)
            8.4.4.4    Market Share by Size
                8.4.4.4.1    0-80 mm
                8.4.4.4.2    80-200 mm
        8.4.5    Others
    8.5    Saudi Arabia Structural Steel Market by End-Use
        8.5.1    Residential
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Institutional
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Commercial
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
            8.5.3.4    Warehouse by Type
                8.5.3.4.1    Small
                8.5.3.4.2    Medium
                8.5.3.4.3    Large
        8.5.4    Manufacturing
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
    8.6    Saudi Arabia Structural Steel Market by Usage
        8.6.1    Direct End-User
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    EPC-Contractor
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Others
    8.7    Saudi Arabia Structural Steel Market by Region
        8.7.1    Northern and Capital Region
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Western Region
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Eastern Region
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Others
9    Market Dynamics
    9.1    SWOT Analysis
        9.1.1    Strengths
        9.1.2    Weaknesses
        9.1.3    Opportunities
        9.1.4    Threats
    9.2    Porter’s Five Forces Analysis
        9.2.1    Supplier’s Power
        9.2.2    Buyer’s Power
        9.2.3    Threat of New Entrants
        9.2.4    Degree of Rivalry
        9.2.5    Threat of Substitutes
10    Pricing Analysis
11    Competitive Landscape

    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Saudi Iron and Steel Company (HADEED)
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    Al Ittefaq Steel Products Co's (ISPC)
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Alfanar Group
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Zamil Structural Steel Co. Ltd.
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    POSCO
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Saudi Arabia Structural Steel Market: Key Industry Highlights, 2018 and 2028
2.    Saudi Arabia Structural Steel Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Saudi Arabia Structural Steel Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Saudi Arabia Structural Steel Historical Market: Breakup by End Use (USD Million), 2018-2022
5.    Saudi Arabia Structural Steel Market Forecast: Breakup by End Use (USD Million), 2023-2028
6.    Saudi Arabia Structural Steel Historical Market: Breakup by Usage (USD Million), 2018-2022
7.    Saudi Arabia Structural Steel Market Forecast: Breakup by Usage (USD Million), 2023-2028
8.    Saudi Arabia Structural Steel Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Saudi Arabia Structural Steel Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    Saudi Arabia Structural Steel Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 4.90% in the forecast period of 2023-2028.

The growing expansion of the construction sector, owing to the rising government investments, and increasing disposable income, and strong foothold of steel manufacturers, marketers, and suppliers in the country, are the major drivers of the market.

The key trends in the market include the rising investments in steel plants in the country, improving standards of living, and expansion of commercial infrastructure.

H-type beam, I-type beam, columns, and angles, among others, are the different product types included in the market.

The major end-uses based on which market has been segmented are residential, institutional, commercial, and manufacturing.

Direct end-user and EPC-contractor are the different usage based on which the Saudi Arabia structural steel market has been divided.

Structural steel is a grade of steel which is used to build large frames of buildings, complexes, and bridges.

Structural steel contains iron, which is susceptible to rusting over a period of time. Therefore, structural steel will rust.

Structural steel has been found to be stronger than concrete.

Saudi Iron and Steel Company (HADEED), Al Ittefaq Steel Products Co's (ISPC), Alfanar Group, Zamil Structural Steel Co. Ltd., and POSCO, among others, are the key market players, according to the report.

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