How big is the Steel Structure Market | Industry Trends & Analysis 2025

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Code: MTA9269

Publication Date: Sep 2025

What is the size of Steel Structure Market?

According to 6Wresearch internal database and industry insights, the Steel Structure Market was valued at USD 152.3 billion in 2024 and is expected to reach USD 221.4 billion by 2031, growing at a CAGR of 5.5% during 2025-2031.

The market is continuing to advance as the adoption of steel structures takes place all over the world in commercial, industrial, and residential buildings. The reliability for strength, versatility in design, and inherently durable qualities is needed for new construction.

Growth Factors for Steel Structure Industry

Adoption of prefabricated steel structures for industrial building projects is increasing.
The use of sustainable and recyclable building materials continues to gain popularity.
Construction activities in the commercial and residential sectors are expanding.
Urbanization continues to drive demand for multi-storey buildings.
Advancements in technology have developed modular and lighter steel structures.

Steel Structure Market Trends

Steel Structure Market trends point to rising adoption of modular construction techniques utilizing structural steel to reduce construction timelines for projects. Demand is rising in industrial warehouses, logistics hubs, and high-rise buildings due to competitive strength and cost advantage. Sustainability trends are also reshaping the market, where the demand for recyclable building materials and energy-efficient steel structures is taking priority. The integration of digital design and 3D modelling technologies for planning, fabrication, and assembly is also changing how construction happens.

Emerging Developments in the Steel Structure Market

The Steel Structure Market developments highlight innovations in high-strength alloys and composite steel for enhanced performance in extreme conditions. Companies are focusing on expanding prefabrication facilities to meet rising demand for rapid infrastructure development. Developments also include strategic partnerships between steel producers and construction firms for customized project solutions. Increasing integration of smart building technologies and automated fabrication systems is also strengthening industry progress.