Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Structural Steel Fabrication Market Growth

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 Snapshots

Vietnam Structural Steel Fabrication Market Size

Vietnam Structural Steel Fabrication Market Growth

Vietnam Structural Steel Fabrication Market Share

Vietnam Structural Steel Fabrication Companies

 

*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.*

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Key Questions Answered in the Report

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.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

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