Charts & Stats

Global Steel market [2016-2023] by Application

By Application, the market is segmented into Building & Construction, Automotive, Mechanical Equipment, Metal Products, Other Transportation, Electrical Appliances, and Domestic Appliances (2016-2023)

Author: Wantstats Research TeamSource: Wantstats Repository
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Global Steel market [2016-2023] by Application — full underlying data
LabelBuilding & ConstructionAutomotiveMechanical EquipmentMetal ProductsOther TransportationElectrical AppliancesDomestic Appliances
2016406.1 USD Bn100.3 USD Bn113.2 USD Bn88.3 USD Bn44.1 USD Bn28.1 USD Bn22.5 USD Bn
2017433.1 USD Bn107.4 USD Bn120.4 USD Bn94.3 USD Bn46.7 USD Bn30.1 USD Bn23.8 USD Bn
2018462.0 USD Bn114.9 USD Bn128.1 USD Bn100.7 USD Bn49.5 USD Bn32.3 USD Bn25.3 USD Bn
2019473.5 USD Bn118.2 USD Bn131.0 USD Bn103.4 USD Bn50.4 USD Bn33.2 USD Bn25.8 USD Bn
2020485.8 USD Bn121.6 USD Bn134.0 USD Bn106.2 USD Bn51.3 USD Bn34.3 USD Bn26.3 USD Bn
2021500.5 USD Bn125.7 USD Bn137.8 USD Bn109.6 USD Bn52.4 USD Bn35.5 USD Bn27.0 USD Bn
2022515.8 USD Bn130.0 USD Bn141.6 USD Bn113.1 USD Bn53.7 USD Bn36.7 USD Bn27.6 USD Bn
2023531.7 USD Bn134.5 USD Bn145.6 USD Bn116.7 USD Bn54.9 USD Bn38.1 USD Bn28.3 USD Bn

Data Source: Wantstats Repository

Wantstats

Market Dynamics

building and construction segment accounted for the largest market share in the steel market, and is expected to reach USD 531.70 Billion in 2023 from USD 433.10 Billion in 2017. However, electrical appliances segment is the fastest growing market, which is expected to grow at a CAGR of 3.36% during the forecast period 2018 - 2023.

Research Methodology

Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.

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I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

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I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

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Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.