Curved Steel Market Projected To Hit $5.7 Billion By 2032 | Business Opportunity and Current Trends

"Curved steel Market By method (Induction bending, Rotary draw & compression bending, Cold Bending, point bending & GAG pressing and Others), by Application (Bridges & ports, Underground construction, Stadium and arenas, Commercial buildings, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the curved steel market valued for $3.8 billion in 2022 and is estimated to reach $5.7 billion by 2032, exhibiting a CAGR of 4.2% from 2023 to 2032.

Request PDF Brochure: https://www.alliedmarketresearch.com/request-sample/75348

Prime determinants of growth

The global curved steel market is driven by factors such as an increasing demand from the construction industry, as more architects are designing structures that incorporate curved steel sections whether they be angles, bars, beams, channels, tees, pipe, or tube. In addition, increased construction on bridges and ports will further boost the demand for curved steel. However, fluctuating prices of raw material will hinder the market growth.

The rotary draw & compression bending to maintain its lead position during the forecast period.

Based on method, the rotary draw & compression bending segment accounted for the largest share in 2022, contributing to nearly two-fifths of the global curved steel market revenue, and is projected to rule the roost during the forecast period. Rotary bending machines have many advantages over conventional wipe-bending methods. The most advantageous feature is the simplicity of adjustment. Changes in the bend angle can be made simply by shimming or grinding the height of the assembly. However, the induction bending segment is estimated to cite the fastest CAGR of 4.6% from 2023 to 2032.

Procure Complete Report (514 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/43NyZ7N

The Commercial buildings maintain its lead position during the forecast period.

Based on application, the commercial buildings segment accounted for the largest share in 2022, contributing to nearly one-third of the global curved steel market revenue, and is projected to dominate the market during the forecast period. Owners and architects have increasingly incorporated curved steel in their designs for both functional and aesthetic reasons. Curved steel is found in roof supports, canopies, and circular stairs to name just a few applications. However, the stadiums and arenas segment would cite the fastest CAGR of 4.5% throughout the forecast timeframe.

Asia-Pacific to maintain its dominance by 2032.

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2022, accounting for more than two-fifth of the global curved steel market and is projected to register the highest CAGR of 4.5% during the forecast period. This is attributed to numerous factors such as the flourishing construction industry, consistently developing economic status, and strengthening industrialization linked, which drive the growth of the Asia-Pacific market.

Leading Market Players: -

ESKATE
GERDAU S/A
OUTOKUMPU
ACERINOX
FUSTEEL CO., LTD.
ALBINA CO., INC.
UNION STEEL STRUCTURE MATERIAL CO., LTD.
CHICAGO METAL ROLLED PRODUCTS
BARNSHAWS
HUTA POKÓJ S.A
The report provides a detailed analysis of these key players in the global curved steel market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Want to Access the Statistical Data and Graphs, Key Players' Strategies:
https://www.alliedmarketresearch.com/curved-steel-market/purchase-options

Contact:
David Correa
Portland, OR, United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

This release was published on openPR.