According to our (Global Info Research) latest study, the global Hollow Structural Sections market size was valued at USD 6577.9 million in 2022 and is forecast to a readjusted size of USD 9324.1 million by 2029 with a CAGR of 5.1% during review period.
A hollow structural section (HSS) is a type of metal profile with a hollow cross section. Hollow Structural Sections (HSS) refers to high-strength welded steel tubing used as structural elements in buildings and other structures and a variety of manufactured products. It is produced in round, square and rectangular shapes and a broad range of sizes to the ASTM A500, A1085, and A1065 specifications. Hollow Structural Sections (HSS) come in three primary shapes: square, rectangular, and round. Each of these shapes has unique properties and advantages that make them well-suited for specific applications.
Global key players of Hollow Structural Sections include Arcelor Mittal, Tata Steel, Nucor Tubular Products (NTP),Liberty Steel and SSAB, etc. The top five players hold a share near 40%. Arcelor Mittal is the largest manufacturers of Hollow Structural Sections in the world, has a share about 15%. Asia-Pacific is the largest market, has a share about 37%. In terms of product type, Square is the largest segment, occupied for a share of 40%, and in terms of application, Building has a share over 60 percent.
The Global Info Research report includes an overview of the development of the Hollow Structural Sections industry chain, the market status of Building (Square, Rectangular), Bridge (Square, Rectangular), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Hollow Structural Sections.
Regionally, the report analyzes the Hollow Structural Sections markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Hollow Structural Sections market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Hollow Structural Sections market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Hollow Structural Sections industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K Tons), revenue generated, and market share of different by Type (e.g., Square, Rectangular).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Hollow Structural Sections market.
Regional Analysis: The report involves examining the Hollow Structural Sections market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Hollow Structural Sections market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Hollow Structural Sections:
Company Analysis: Report covers individual Hollow Structural Sections manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Hollow Structural Sections This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Building, Bridge).
Technology Analysis: Report covers specific technologies relevant to Hollow Structural Sections. It assesses the current state, advancements, and potential future developments in Hollow Structural Sections areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Hollow Structural Sections market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Hollow Structural Sections market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Square
Rectangular
Round
Others
Market segment by Application
Building
Bridge
Infrastructure
Mechanical Equipment
Others
Major players covered
Arcelor Mittal
Tata Steel
Nucor Tubular Products (NTP)
Liberty Steel
SSAB
CELSA Group
APL Apollo
Nippon Steel
Tianjin Yuantai Derun Pipe
Tianjin Youfa International
Nakajima Steel Pipe (NSP)
Stalatube
Viohalco
Changsha Hunan Steel
Bull Moose Tube (Caparo)
Qatar Steel
Nova Steel
Handan Zhengda Steel Pipe (ZDP)
Welded Tube
Maruichi Leavitt Pipe & Tube
Atlas Tube (Zekelman Industries)
JF Engineering Products
HISTEEL
Alpine Pipe
Barrett Steel
TSI Metal Industries
Tianjin Baode Steel Pipe
Jindal Steel Tubes
Intercom Group
Hebei Metal Trading
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Hollow Structural Sections product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Hollow Structural Sections, with price, sales, revenue and global market share of Hollow Structural Sections from 2018 to 2023.
Chapter 3, the Hollow Structural Sections competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Hollow Structural Sections breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Hollow Structural Sections market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Hollow Structural Sections.
Chapter 14 and 15, to describe Hollow Structural Sections sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Hollow Structural Sections. Industry analysis & Market Report on Hollow Structural Sections is a syndicated market report, published as Global Hollow Structural Sections Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029. It is complete Research Study and Industry Analysis of Hollow Structural Sections market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.