Key Insights
The Indian steel fabrication sector is poised for significant expansion, fueled by substantial investments in infrastructure, energy, and manufacturing. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 4.37%. The current market size is estimated at 3.38 billion in the base year of 2024. This robust growth is primarily driven by government initiatives promoting industrialization, urbanization, and key infrastructure projects like the Bharatmala Pariyojana and Smart Cities Mission. Emerging trends include the adoption of advanced fabrication technologies such as laser cutting and robotic welding for enhanced precision and efficiency, alongside a growing emphasis on sustainable steel production. Key challenges include raw material price volatility, skilled labor shortages, and intense competition. The industry is segmented across diverse applications including structural steel for buildings, industrial equipment, pipelines, and specialized components. Leading players like Bharat Process and Mechanical Engineers Limited are actively competing through technological innovation, project execution expertise, and cost-effective solutions.
Steel Fabrication Industry in India Market Size (In Billion)
The outlook for the Indian steel fabrication industry is highly positive, driven by ongoing infrastructure development and industrial expansion. Sustained growth will depend on the industry's adaptability to technological advancements, effective cost management, and addressing skill gaps. Further specialization and the exploration of niche applications present significant opportunities. Maintaining global competitiveness will be paramount. Supportive government policies are crucial for fostering innovation and ensuring continued upward momentum.
Steel Fabrication Industry in India Company Market Share
Steel Fabrication Industry in India: A Comprehensive Market Report (2019-2033)
This comprehensive report provides an in-depth analysis of the steel fabrication industry in India, offering valuable insights for industry stakeholders, investors, and researchers. With a study period spanning 2019-2033, a base year of 2025, and a forecast period of 2025-2033, this report delivers crucial data and projections for informed decision-making. The report covers market structure, competitive dynamics, industry trends, dominant segments, product innovations, and key challenges, providing a holistic view of the Indian steel fabrication landscape. The report values are expressed in Millions (INR).
Steel Fabrication Industry in India Market Structure & Competitive Dynamics
The Indian steel fabrication market exhibits a moderately consolidated structure, with a few large players and numerous smaller companies. Market concentration is influenced by factors such as capacity, technological capabilities, and geographical reach. The innovation ecosystem is evolving, with some larger companies investing in advanced technologies like automation and robotics. The regulatory framework, primarily governed by the Ministry of Steel and other relevant bodies, plays a significant role in shaping market dynamics. Product substitutes, like aluminum and composite materials, pose a competitive threat, especially in specific niche applications. End-user trends, driven by infrastructure development, construction, and automotive industries, heavily influence market demand. Mergers and acquisitions (M&A) are increasingly common, with recent deals reshaping the competitive landscape. For example, the acquisition of Uttam Galva Steels by AM Mining India in November 2022 significantly impacted market share. The total M&A deal value in 2024 was estimated at INR xx Million. Key metrics analyzed include market share of top players, M&A deal values, and capacity utilization rates across segments.
Steel Fabrication Industry in India Industry Trends & Insights
The Indian steel fabrication market is experiencing robust growth, driven by factors such as government infrastructure projects (e.g., smart cities, road development), rising urbanization, and a growing manufacturing sector. The compound annual growth rate (CAGR) for the period 2025-2033 is estimated at xx%. Technological advancements, such as 3D printing and advanced welding techniques, are reshaping manufacturing processes and improving efficiency. Consumer preferences are shifting towards lighter, stronger, and more sustainable steel products. Increased competition is driving innovation and price optimization. Market penetration is growing rapidly in the infrastructure, construction, and automotive sectors. Specific segments, such as structural steel fabrication for high-rise buildings and specialized steel components for the automotive industry, are witnessing particularly strong growth.
Dominant Markets & Segments in Steel Fabrication Industry in India
The construction sector dominates the demand for steel fabrication in India, followed by the automotive and infrastructure sectors. Key growth drivers in these dominant segments include:
- Government Policy: Government initiatives such as "Make in India" and infrastructure development projects contribute significantly to industry growth.
- Economic Growth: India's robust economic expansion fuels demand across various sectors.
- Urbanization: Rapid urbanization is driving construction activity and boosting demand for steel fabrication.
The southern and western regions of India are currently the most dominant markets due to concentrated industrial activity and robust infrastructure development. This dominance is expected to continue in the forecast period, but with increasing penetration in other regions driven by planned infrastructural development in those regions. Detailed dominance analysis considers factors like regional economic activity, infrastructure spending, government policies, and the distribution of major players.
Steel Fabrication Industry in India Product Innovations
Recent innovations include the adoption of advanced welding techniques like robotic welding, resulting in improved precision, reduced defects, and increased productivity. High-strength low-alloy (HSLA) steels and other advanced steel alloys are being increasingly adopted to meet requirements for lighter weight and higher strength components. These innovations enhance product performance, durability, and cost-effectiveness, improving market competitiveness. Focus is also shifting towards sustainable steel fabrication, utilizing recycled materials and minimizing environmental impact.
Report Segmentation & Scope
The report segments the market by:
- Product Type: Structural steel, pipes and tubes, pressure vessels, and other specialized products. Each segment's growth trajectory, market size, and competitive landscape are analyzed in detail. Growth projections for structural steel, driven by high infrastructure spending, are particularly robust.
- End-Use Industry: Construction, automotive, infrastructure, and other sectors. Market size and growth rates vary considerably across these end-use industries, with construction consistently showing strong demand.
- Region: North, South, East, and West India. Regional variations in market dynamics, driven by factors like infrastructural development and industrial concentration, are highlighted.
Key Drivers of Steel Fabrication Industry in India Growth
The steel fabrication industry's growth is propelled by several key factors. Government infrastructure initiatives such as the Bharatmala project and smart city developments are significantly boosting demand. India's growing industrial sector, particularly in manufacturing and automotive, contributes substantially to growth. Technological advancements such as automation and robotics are improving efficiency and productivity. Favorable economic policies and investments in infrastructure further contribute to overall market expansion.
Challenges in the Steel Fabrication Industry in India Sector
Challenges include raw material price volatility, impacting profitability and project costs. Supply chain disruptions, including logistics and transportation bottlenecks, can impede timely project completion. Intense competition and price pressure from both domestic and international players necessitates continuous efficiency improvements. Environmental regulations, pushing for sustainable practices, require adaptation and investment in eco-friendly technologies. The estimated impact of these challenges on the industry’s profitability in 2024 was approximately INR xx Million in lost revenue.
Leading Players in the Steel Fabrication Industry in India Market
- Bharat Process And Mechanical Engineers Limited
- Onshore Construction Company Private Limited
- Geodesic Techniques Private Limited
- Sharp Tanks And Structurals Private Limited
- UB Engineering Limited
- Space Chem Engineers Private Limited
- Arun Fabricators
- Indhya Engineering Associates
- DD Erectors
- John Erectors Private Limited
- List Not Exhaustive
Key Developments in Steel Fabrication Industry in India Sector
- April 2023: AM Mining, a joint venture between ArcelorMittal and Nippon Steel, acquired Indian Steel Corpn for INR 897 crore, strengthening downstream capabilities and broadening its product portfolio.
- November 2022: AM Mining India completed the acquisition of Uttam Galva Steels, further consolidating market share and enhancing production capacity.
These developments underscore the ongoing consolidation and technological advancements within the Indian steel fabrication industry.
Strategic Steel Fabrication Industry in India Market Outlook
The Indian steel fabrication industry is poised for sustained growth over the forecast period. Continued government investment in infrastructure, coupled with the expanding industrial sector, will drive demand. Technological innovations and improved efficiency will enhance competitiveness. Strategic opportunities exist for companies that embrace sustainable practices and adopt advanced technologies. The market presents significant potential for both domestic and international players, fostering further growth and consolidation.
Steel Fabrication Industry in India Segmentation
-
1. End-user Industry
- 1.1. Manufacturing
- 1.2. Power and Energy
- 1.3. Construction
- 1.4. Oil and Gas
- 1.5. Other End-user Industries
-
2. Product Type
- 2.1. Heavy Sectional Steel
- 2.2. Light Sectional Steel
- 2.3. Other Product Types
Steel Fabrication Industry in India Segmentation By Geography
-
1. North America
- 1.1. United States
- 1.2. Canada
- 1.3. Mexico
-
2. South America
- 2.1. Brazil
- 2.2. Argentina
- 2.3. Rest of South America
-
3. Europe
- 3.1. United Kingdom
- 3.2. Germany
- 3.3. France
- 3.4. Italy
- 3.5. Spain
- 3.6. Russia
- 3.7. Benelux
- 3.8. Nordics
- 3.9. Rest of Europe
-
4. Middle East & Africa
- 4.1. Turkey
- 4.2. Israel
- 4.3. GCC
- 4.4. North Africa
- 4.5. South Africa
- 4.6. Rest of Middle East & Africa
-
5. Asia Pacific
- 5.1. China
- 5.2. India
- 5.3. Japan
- 5.4. South Korea
- 5.5. ASEAN
- 5.6. Oceania
- 5.7. Rest of Asia Pacific
Steel Fabrication Industry in India Regional Market Share
Geographic Coverage of Steel Fabrication Industry in India
Steel Fabrication Industry in India REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.37% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Rising Demand for Pre-engineered Buildings and Components; Increasing Number of Manufacturing Plants and Infrastructure Development Activities in India
- 3.3. Market Restrains
- 3.3.1. Rising Demand for Pre-engineered Buildings and Components; Increasing Number of Manufacturing Plants and Infrastructure Development Activities in India
- 3.4. Market Trends
- 3.4.1. Rising Demand for Pre-engineered Buildings and Components
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Steel Fabrication Industry in India Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by End-user Industry
- 5.1.1. Manufacturing
- 5.1.2. Power and Energy
- 5.1.3. Construction
- 5.1.4. Oil and Gas
- 5.1.5. Other End-user Industries
- 5.2. Market Analysis, Insights and Forecast - by Product Type
- 5.2.1. Heavy Sectional Steel
- 5.2.2. Light Sectional Steel
- 5.2.3. Other Product Types
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. North America
- 5.3.2. South America
- 5.3.3. Europe
- 5.3.4. Middle East & Africa
- 5.3.5. Asia Pacific
- 5.1. Market Analysis, Insights and Forecast - by End-user Industry
- 6. North America Steel Fabrication Industry in India Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by End-user Industry
- 6.1.1. Manufacturing
- 6.1.2. Power and Energy
- 6.1.3. Construction
- 6.1.4. Oil and Gas
- 6.1.5. Other End-user Industries
- 6.2. Market Analysis, Insights and Forecast - by Product Type
- 6.2.1. Heavy Sectional Steel
- 6.2.2. Light Sectional Steel
- 6.2.3. Other Product Types
- 6.1. Market Analysis, Insights and Forecast - by End-user Industry
- 7. South America Steel Fabrication Industry in India Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by End-user Industry
- 7.1.1. Manufacturing
- 7.1.2. Power and Energy
- 7.1.3. Construction
- 7.1.4. Oil and Gas
- 7.1.5. Other End-user Industries
- 7.2. Market Analysis, Insights and Forecast - by Product Type
- 7.2.1. Heavy Sectional Steel
- 7.2.2. Light Sectional Steel
- 7.2.3. Other Product Types
- 7.1. Market Analysis, Insights and Forecast - by End-user Industry
- 8. Europe Steel Fabrication Industry in India Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by End-user Industry
- 8.1.1. Manufacturing
- 8.1.2. Power and Energy
- 8.1.3. Construction
- 8.1.4. Oil and Gas
- 8.1.5. Other End-user Industries
- 8.2. Market Analysis, Insights and Forecast - by Product Type
- 8.2.1. Heavy Sectional Steel
- 8.2.2. Light Sectional Steel
- 8.2.3. Other Product Types
- 8.1. Market Analysis, Insights and Forecast - by End-user Industry
- 9. Middle East & Africa Steel Fabrication Industry in India Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by End-user Industry
- 9.1.1. Manufacturing
- 9.1.2. Power and Energy
- 9.1.3. Construction
- 9.1.4. Oil and Gas
- 9.1.5. Other End-user Industries
- 9.2. Market Analysis, Insights and Forecast - by Product Type
- 9.2.1. Heavy Sectional Steel
- 9.2.2. Light Sectional Steel
- 9.2.3. Other Product Types
- 9.1. Market Analysis, Insights and Forecast - by End-user Industry
- 10. Asia Pacific Steel Fabrication Industry in India Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by End-user Industry
- 10.1.1. Manufacturing
- 10.1.2. Power and Energy
- 10.1.3. Construction
- 10.1.4. Oil and Gas
- 10.1.5. Other End-user Industries
- 10.2. Market Analysis, Insights and Forecast - by Product Type
- 10.2.1. Heavy Sectional Steel
- 10.2.2. Light Sectional Steel
- 10.2.3. Other Product Types
- 10.1. Market Analysis, Insights and Forecast - by End-user Industry
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Bharat Process And Mechanical Engineers Limited
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Onshore Construction Company Private Limited
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Geodesic Techniques Private Limited
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Sharp Tanks And Structurals Private Limited
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 UB Engineering Limited
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Space Chem Engineers Private Limited
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Arun Fabricators
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Indhya Engineering Associates
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 DD Erectors
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 John Erectors Private Limited**List Not Exhaustive
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.1 Bharat Process And Mechanical Engineers Limited
List of Figures
- Figure 1: Global Steel Fabrication Industry in India Revenue Breakdown (billion, %) by Region 2025 & 2033
- Figure 2: North America Steel Fabrication Industry in India Revenue (billion), by End-user Industry 2025 & 2033
- Figure 3: North America Steel Fabrication Industry in India Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 4: North America Steel Fabrication Industry in India Revenue (billion), by Product Type 2025 & 2033
- Figure 5: North America Steel Fabrication Industry in India Revenue Share (%), by Product Type 2025 & 2033
- Figure 6: North America Steel Fabrication Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 7: North America Steel Fabrication Industry in India Revenue Share (%), by Country 2025 & 2033
- Figure 8: South America Steel Fabrication Industry in India Revenue (billion), by End-user Industry 2025 & 2033
- Figure 9: South America Steel Fabrication Industry in India Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 10: South America Steel Fabrication Industry in India Revenue (billion), by Product Type 2025 & 2033
- Figure 11: South America Steel Fabrication Industry in India Revenue Share (%), by Product Type 2025 & 2033
- Figure 12: South America Steel Fabrication Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 13: South America Steel Fabrication Industry in India Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Steel Fabrication Industry in India Revenue (billion), by End-user Industry 2025 & 2033
- Figure 15: Europe Steel Fabrication Industry in India Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 16: Europe Steel Fabrication Industry in India Revenue (billion), by Product Type 2025 & 2033
- Figure 17: Europe Steel Fabrication Industry in India Revenue Share (%), by Product Type 2025 & 2033
- Figure 18: Europe Steel Fabrication Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 19: Europe Steel Fabrication Industry in India Revenue Share (%), by Country 2025 & 2033
- Figure 20: Middle East & Africa Steel Fabrication Industry in India Revenue (billion), by End-user Industry 2025 & 2033
- Figure 21: Middle East & Africa Steel Fabrication Industry in India Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 22: Middle East & Africa Steel Fabrication Industry in India Revenue (billion), by Product Type 2025 & 2033
- Figure 23: Middle East & Africa Steel Fabrication Industry in India Revenue Share (%), by Product Type 2025 & 2033
- Figure 24: Middle East & Africa Steel Fabrication Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 25: Middle East & Africa Steel Fabrication Industry in India Revenue Share (%), by Country 2025 & 2033
- Figure 26: Asia Pacific Steel Fabrication Industry in India Revenue (billion), by End-user Industry 2025 & 2033
- Figure 27: Asia Pacific Steel Fabrication Industry in India Revenue Share (%), by End-user Industry 2025 & 2033
- Figure 28: Asia Pacific Steel Fabrication Industry in India Revenue (billion), by Product Type 2025 & 2033
- Figure 29: Asia Pacific Steel Fabrication Industry in India Revenue Share (%), by Product Type 2025 & 2033
- Figure 30: Asia Pacific Steel Fabrication Industry in India Revenue (billion), by Country 2025 & 2033
- Figure 31: Asia Pacific Steel Fabrication Industry in India Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Steel Fabrication Industry in India Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 2: Global Steel Fabrication Industry in India Revenue billion Forecast, by Product Type 2020 & 2033
- Table 3: Global Steel Fabrication Industry in India Revenue billion Forecast, by Region 2020 & 2033
- Table 4: Global Steel Fabrication Industry in India Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 5: Global Steel Fabrication Industry in India Revenue billion Forecast, by Product Type 2020 & 2033
- Table 6: Global Steel Fabrication Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 7: United States Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 8: Canada Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 9: Mexico Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 10: Global Steel Fabrication Industry in India Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 11: Global Steel Fabrication Industry in India Revenue billion Forecast, by Product Type 2020 & 2033
- Table 12: Global Steel Fabrication Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 13: Brazil Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 14: Argentina Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 15: Rest of South America Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 16: Global Steel Fabrication Industry in India Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 17: Global Steel Fabrication Industry in India Revenue billion Forecast, by Product Type 2020 & 2033
- Table 18: Global Steel Fabrication Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 19: United Kingdom Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 20: Germany Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 21: France Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 22: Italy Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 23: Spain Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 24: Russia Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 25: Benelux Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 26: Nordics Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 27: Rest of Europe Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 28: Global Steel Fabrication Industry in India Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 29: Global Steel Fabrication Industry in India Revenue billion Forecast, by Product Type 2020 & 2033
- Table 30: Global Steel Fabrication Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 31: Turkey Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 32: Israel Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 33: GCC Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 34: North Africa Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 35: South Africa Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 36: Rest of Middle East & Africa Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 37: Global Steel Fabrication Industry in India Revenue billion Forecast, by End-user Industry 2020 & 2033
- Table 38: Global Steel Fabrication Industry in India Revenue billion Forecast, by Product Type 2020 & 2033
- Table 39: Global Steel Fabrication Industry in India Revenue billion Forecast, by Country 2020 & 2033
- Table 40: China Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 41: India Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 42: Japan Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 43: South Korea Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 44: ASEAN Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 45: Oceania Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
- Table 46: Rest of Asia Pacific Steel Fabrication Industry in India Revenue (billion) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Steel Fabrication Industry in India?
The projected CAGR is approximately 4.37%.
2. Which companies are prominent players in the Steel Fabrication Industry in India?
Key companies in the market include Bharat Process And Mechanical Engineers Limited, Onshore Construction Company Private Limited, Geodesic Techniques Private Limited, Sharp Tanks And Structurals Private Limited, UB Engineering Limited, Space Chem Engineers Private Limited, Arun Fabricators, Indhya Engineering Associates, DD Erectors, John Erectors Private Limited**List Not Exhaustive.
3. What are the main segments of the Steel Fabrication Industry in India?
The market segments include End-user Industry, Product Type.
4. Can you provide details about the market size?
The market size is estimated to be USD 3.38 billion as of 2022.
5. What are some drivers contributing to market growth?
Rising Demand for Pre-engineered Buildings and Components; Increasing Number of Manufacturing Plants and Infrastructure Development Activities in India.
6. What are the notable trends driving market growth?
Rising Demand for Pre-engineered Buildings and Components.
7. Are there any restraints impacting market growth?
Rising Demand for Pre-engineered Buildings and Components; Increasing Number of Manufacturing Plants and Infrastructure Development Activities in India.
8. Can you provide examples of recent developments in the market?
April 2023: AM Mining, a joint venture between Arcelor Mittal Luxembourg and Nippon Steel Corporation, Japan to acquire Indian Steel Corpn for INR 897 crore. The acquisition of Indian Steel Corporation will likely enhance downstream capabilities and broaden its product portfolio as the company looks to capitalize on market opportunities presented by the steel industry, especially in high-value-added steel production besides capturing synergies across downstream operations.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in billion.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Steel Fabrication Industry in India," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Steel Fabrication Industry in India report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Steel Fabrication Industry in India?
To stay informed about further developments, trends, and reports in the Steel Fabrication Industry in India, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence