Base Year
Historical Year
Forecast Year
The Vietnam structural steel fabrication market reached approximately USD 2.67 billion in 2023. The market is projected to grow at a CAGR of 7.8% between 2024 and 2032, reaching a value of around USD 5.25 billion by 2032.
| Vietnam Structural Steel Fabrication Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 2.67 |
| Market Size 2032 | USD Billion | 5.25 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 7.8% |
| CAGR 2024-2032 - Market by Region | Southeast | 8.5% |
| CAGR 2024-2032 - Market by Region | South Central Coast | 7.6% |
| CAGR 2024-2032 - Market by Product Type | Light Sectional Steel | 8.7% |
| CAGR 2024-2032 - Market by End Use | Construction | 8.4% |
| Market Share by Region | Southeast | 29.4% |
The demand for structural steel has been greatly influenced by the ongoing infrastructural projects in the country. Vietnam has emerged as a key player in Asia, allocating 5.7% of its GDP towards infrastructure development. Public investment in infrastructure has been a major driver of Vietnam's economic growth in recent years. The country has already completed 1,729 km of expressways and aims to increase this to 3,000 km by 2025. Additionally, Vietnam's Information and Communication Infrastructure Master Plan focuses on high-speed internet, green data centres, specialised IT parks, and comprehensive cybersecurity measures to establish itself as a leading hub for network security in Asia by 2030.
Vietnam's continuous industrialisation plays a crucial role in boosting the market expansion. The growth of manufacturing and industrial sectors necessitates large quantities of structural steel for building and enhancing infrastructure. The steady economic progress has led to higher investments in infrastructure ventures such as transportation systems, bridges, and commercial structures, all of which rely heavily on structural steel.
Fabricated steel structures are known for their durability and strength, making them a popular choice for a wide range of applications, including commercial buildings, industrial facilities, warehouses, and even residential homes. The versatility of fabricated steel structures allows for customisation and flexibility in design, making them a preferred choice for architects and builders looking to create unique and innovative structures.
“Vietnam Structural Steel Fabrication Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - Market by | Product Type |
| Light Sectional Steel | 8.7% |
| Heavy Sectional Steel | 7.2% |
| Others | XX% |
Market Breakup by Product Type
| CAGR 2024-2032 - Market by | End Use |
| Construction | 8.4% |
| Oil and Gas | 8.0% |
| Manufacturing | 7.6% |
| Power and Energy | XX% |
| Others | XX% |
Market Breakup by End Use
| CAGR 2024-2032 - Market by | Region |
| Southeast | 8.5% |
| South Central Coast | 7.6% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
| Others | XX% |
Market Breakup by Region
Based on end use, the market is segmented into construction, oil and gas, manufacturing, and power and energy, among others. The construction sector is projected to grow at a CAGR of 8.4% between 2024-2032. The construction sector makes extensive use of structural steel fabrication as it facilitates strength, resilience, adaptability, and affordability. Because of its strength-to-weight ratio, structural steel is frequently used in the construction of skyscrapers and other tall buildings.
| Market Share by | Region |
| Southeast | 29.4% |
| Red River Delta | XX% |
| Mekong River Delta | XX% |
| South Central Coast | XX% |
| Others | XX% |
The market players are focusing on the production of green steel to promote sustainability and gain a competitive edge in the market.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
Vietnam Structural Steel Fabrication Market Size
Vietnam Structural Steel Fabrication Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
In 2023, the market reached an approximate value of USD 2.67 billion.
The market is estimated to grow at a CAGR of 7.8% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 5.25 billion by 2032.
The market is being driven by rising infrastructure development and rapid industrialisation and rapid urbanisation.
The key trends aiding the structural steel fabrication market in Vietnam include the growing use of 3D printing technology and the rising production of crude steel.
The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.
The major product types considered in the market report include light sectional steel and heavy sectional steel, among others.
The major players in the market are Zamil Steel Buildings Vietnam Co., Ltd., PEB Steel Buildings Co., Ltd., ATAD Steel Structure corp., Universal Vietnam Steel Buildings Co., Ltd., Tri Viet Steel Buildings Co., Ltd., Kirby Southeast Asia Co. Ltd., Metalic Vietnam Co. Ltd., PMB Steel, and Dai Dung Metallic Manufacture Construction and Trade Corporation, among others.
Purchase Full Report
Datasheet
Single User License
One User
Five User License
Five Users
Corporate License
Unlimited Users
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
Share