Market Analysis of Steel Structures in 2024
Market Analysis of Steel Structures in 20241. Market size and growth
In 2024, the steel structure market will continue to maintain strong growth momentum. According to data, the domestic market size of industrial steel structural components has exceeded 60 billion yuan. With the rapid development of global infrastructure construction and manufacturing industry, the demand for steel structures continues to grow, driving the continuous growth of the industry. Especially in developing countries, the acceleration of urbanization and the continuous improvement of infrastructure construction provide a vast market space for the steel structure industry. Steel structures, with their advantages of light weight and simple construction, are widely used in large factories, venues, super high-rise buildings, bridges and other fields, bringing new growth points to the industry.
2. Overview of major listed companies
The main listed companies in the steel structure industry include Honglu Steel Structure and Hangxiao Steel Structure. These companies occupy an important position in the market and have strong competitiveness. These enterprises have increased their R&D investment, introduced advanced foreign technology and equipment, and improved product quality and technological level. At the same time, measures such as optimizing supply chain management and improving production efficiency can be taken to reduce production costs and enhance market competitiveness.
3. Analysis of upstream and downstream industrial chains
The steel structure industry chain mainly includes upstream raw material producers, midstream steel structure processing enterprises, and downstream engineering construction units. Upstream raw material producers refine iron ore into steel ingots and crude steel, and further process them into semi-finished steel products such as plates, pipes, and long bars through rolling, cold bending, and other technical processes, supplying them to midstream steel structure manufacturers. Midstream steel structure manufacturers provide services such as design, processing, installation, and maintenance of steel structures, and deliver products to downstream enterprises or self contracted projects. The downstream mainly includes construction units of various steel structures, such as governments, large manufacturing enterprises, commercial and residential construction development companies, etc.
4. Policy environment and support
Our country's(China) support for green buildings and environmental protection industries continues to increase, providing a favorable policy environment for the development of the steel structure industry. As a green building material, steel structure has significant advantages in energy conservation, emission reduction, and environmental protection, which meets the national requirements for green buildings and sustainable development. In addition, the country has also introduced a series of policy measures to promote the development of the steel structure industry, such as promoting the development of prefabricated buildings and strengthening the quality supervision of steel structure products, providing strong guarantees for the healthy development of the industry.
5. Technological Innovation and Application
The advancement of technology, the application of new materials, advanced processes, and intelligent manufacturing technology continue to promote the technological level improvement of the steel structure industry. The application of these technologies not only optimizes design and improves product quality, but also promotes industry upgrading, accelerates reshuffling and integration. For example, BIM technology can provide a comprehensive information model for steel structure buildings, realizing the informatization and collaboration of design, construction, and operation management, greatly improving the efficiency and quality of steel structure buildings.
6. Environmental Protection and Green Development
Steel structure, as a low-energy and low emission green building form, conforms to the concepts of green development and sustainable development. From the perspective of the entire product lifecycle, steel structure buildings are an energy-saving, environmentally friendly, and recyclable form of engineering structure. Steel structure buildings reduce on-site noise, construction waste, and air pollution during the construction process, while shortening the construction period. In addition, the recycling and reuse of waste steel significantly reduces carbon emissions throughout the entire lifecycle of steel structure buildings, meeting the requirements for green development of production factors throughout their entire lifecycle.
7. Market Competition and Pattern
The competition in the steel structure market is becoming increasingly fierce, and enterprises need to improve product quality and service levels to enhance market competitiveness. At present, the competitive landscape in the steel structure industry presents a trend of large enterprises dominating the market. Some large enterprises dominate the industry due to their scale advantage, technological strength, and market share. These enterprises continue to grow and strengthen through capacity expansion, mergers and acquisitions, etc., to enhance brand awareness and bargaining power, and consolidate their market position. At the same time, small and medium-sized enterprises are also seeking development space through differentiated competition and segmented markets.
8. Prediction of Future Development Trends
In the future, the steel structure industry will continue to maintain a rapid growth trend, and the prospects are promising. With the development of the global economy and the acceleration of urbanization, the demand for the construction industry will continue to grow. As an efficient and environmentally friendly form of building structure, steel structures will be widely used in residential, commercial, industrial, and public buildings. Especially in developing countries, the acceleration of urbanization and the continuous improvement of infrastructure construction provide a vast market space for the steel structure industry. In addition, the application of intelligent manufacturing technology will promote the transformation and upgrading of the steel structure industry, and enhance the overall competitiveness of the industry. Modular design will become an important trend in the field of steel structure construction. Through modular design, steel structure buildings can be assembled and disassembled more quickly, improving construction efficiency and quality.
In summary, the steel structure market in 2024 is showing a positive development trend in terms of market size, competitive landscape, policy support, and technological innovation. In the future, with the continuous growth of market demand, technological innovation driving industrial upgrading, more optimized policy environment, and increasing opportunities for international cooperation, the steel structure industry will usher in broader development prospects.
