Girders Market Size, Growth Analysis Report, Forecast to 2028
Strong resurgence of the global construction industry and rapid technological advancements in manufacturing processes and material combinations are expected to be some of the primary factors that will contribute positively to the growth of the global girders market during the forecast period. The improved properties of most modern girders such as enhanced ductility, seismic resistance, strength, and easy fabrication are also anticipated to help the girders market grow.
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Demand for Affordable Housing to Boost Growth of
Global Girders Market
The growing trend of smart cities across the world is
expected to boost the demand in the girders market. Ever increasing
urbanization, rapid population growth and the introduction of numerous
affordable housing projects worldwide are also expected to help push the
girders market forward.
Increasing awareness in the construction sector about the
advantages of modern girders such as enhanced energy efficiency, the ease of
project completion through the use of girder channels and beams, and improved
flexibility are anticipated to boost the growth of the girders market.
In addition, the development of environmentally friendly
materials and production processes are also gaining traction in recent times.
Seimens has created a process, where hazardous smelting gases such as methane,
carbon monoxide, and hydrogen are converted to reusable materials which can be
used by the chemical industry.
Market players such as the High Steel Structures LLC are
also providing complex paint and blast operations, along with in house shipping
fleets and engineering experts which makes operations with large girders easier
along with saving time and reducing overhead costs for the end user. This is
expected to boost the market demand.
On the other hand fluctuating prices of raw materials is
expected to lead to a rise in girders production costs, and act as the primary
constraining factor for the girders market.
Increase in Building Permits to Boost the Girders Market
in North America
North America has also seen a rise in the number of building
permits issued in the United States, numbering in millions in the last year
alone. This is expected to boost the demand for girders in the region for the
forecast period. On the other hand the increased threat of rising taxes on
steel imports is expected to constrain the girders market in the region.
The girder market of Asia Pacific is expected to show a
rapid rate of growth owing to the fast rise in GDP, investments in tech
innovations and industrial development along with a fast-expanding construction
industry in the region.
Increasing government initiatives in emerging economies such
as India and China are also expected to contribute favorably towards the
girders market the region. A number of countries in the region are following
private sector led growth in the construction and infrastructure development
industry, despite high public investments for the same.
Major Girders Market Players Prefer Strategic Mergers and
Acquisitions for Development
Prominent market players are using mergers, acquisitions,
and collaborations to expand their geographic presence and gain better
competitive advantages. Some of the key players in the girders market include
JPW Companies, ArcelorMittal, Nippon Steel, Wuhan Group, High Steel Structures
LLC, Emirates Building System, and United Engineering Industries Ltd.
- Joint
acquisition collaborators ArcelorMittal and Nippon Steel & Sumitomo
Metal Corp (NSSMC) are focusing on the emerging market of India, as a
lucrative growth opportunity following the activities of ArcelorMittal in
acquiring Essar Steel.
- FabSouth
LLC, a subsidiary of the Canam group has acquired three structural steel
plants from the Commercial Metals Company for an undisclosed amount to
grow geographical reach and expand production capacity.
- Steel
Dynamics Inc. acquired all assets of Kentucky Electric Steel (KES) that is
expected to add to the company’s production capacity by 250,000 tons.
Apart from mergers, acquisitions and collaborations, market
players such as the JFE Engineering Corporation are also emphasizing on
research and development to improve on properties such as corrosion resistance,
earthquake resistance and applications in mechatronics.
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Segmentation of the Girders Market
Girders can be broadly categorized on the terms of
materials, product type, bridge type, configuration type, and length. On the
basis of material, girders can be divided into steel, concrete and iron. On the
basis of product, girders can be divided into box, plate, and I-beam. On the
basis of bridge type, girders can be divided into arch bridge, suspension
bridge, simple beam, cable stayed and cantilever bridge. On the basis of length
girders can be categorized into below 10 k, 10-20 k, and more than 20k. Top
running, double girder, single girder, and under running are the types of
girders based on the configuration.
This extensively researched report on the girders market
puts greater focus on the complete examination of the market at regional and
global levels to gain actionable insights, along with pertinent and trustworthy
data that has been supported and validated to achieve an enhanced comprehension
of the girders market’s competitive scenario along with ably recognizing
lucrative opportunities for the future. The report on the girders market also
includes updated data and a complete analysis according to the market segments
such as geography, technology, and applications.
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The report has also included an extensive assessment on
vital aspects such as:
- Market
Segmentation- The girders market is categorized into essential segments to
achieve a better understanding of each area in detail.
- Driving
Factors- The inclusion of market influencers to understand the factors
that make a significant impact on the overall market situation.
- Market
Value- Scrutinizing the size of the global girders market
- Supply
& demand aspects
- Assessing
the market trends and obstacles- Complete evaluation of the factors that
can boost the market growth and the possible challenges that market
players might face
- Competitive
Analysis- Recognizing the strategic activities of the key girders market
players
- Technology-
Understanding the scope of the girders market with new technologies
The report also contains a comprehensive regional
analysis with the focus on the following regions:
- North
America girders market (U.S., Canada)
- Latin
America girders market (Brazil, Mexico, Rest of Latin America)
- Western
Europe girders market (Germany, France Italy, U.K, Spain, Nordic
countries, Belgium, Netherlands, Luxembourg)
- Eastern
Europe girders market (Poland, Russia, Rest of Eastern Europe)
- Asia
Pacific Excluding Japan girders market (China, India, Australia, ASEAN,
& New Zealand)
- Japan
girders market
- Middle
East and Africa girders market (GCC countries, S. Africa, N. Africa, Rest
of MEA)
The report is a combination of quantitative and qualitative
first-hand information on girders obtained from the assessment by prominent
industry analysts along with the addition of inputs given by girders industry
participants and industry experts. The full analysis of the popular trends in
the market, market attractiveness and macro-economic factors in the report is
effective in creating an understanding of the girders market. In addition, the
report also states the qualitative impact of these factors on the various
regions and segments of the market.
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