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Industry development trends and challenges

Publish Time: 2024-12-25

With the country's support for green buildings and environmental protection industries, the market demand for steel structures as green building materials is expected to be further released. However, the current construction industry is sluggish, the steel structure market is shrinking, and some companies are facing problems such as broken capital chains and high costs. In the next two to three years, it is expected that 40%-50% of steel structure factories will be eliminated. In order to meet the challenges, some companies seek breakthroughs, such as expanding overseas markets, increasing the proportion of foreign trade orders, and providing extended services such as installation to foreign customers.


The market demand for the steel structure engineering industry in 2024 has dropped by 25% compared with 2023, but in the long run, with the acceleration of global economic development and urbanization, as well as the advantages of steel structures in many fields, its market demand still has growth potential. Public buildings such as airports and stations are also growing in demand because steel structures can achieve large spans and unique shapes. With the upgrading of the manufacturing industry, the demand for steel structures in factory building construction, equipment support structures, etc. continues to exist steadily, and the requirements for their bearing capacity, durability and other performance are increasing. In bridge construction, steel structures are increasingly used due to their advantages such as high strength and fast construction. For example, cross-sea bridges often use steel structures. With the development of new energy sources, such as the support structure of solar power stations, towers and foundation structures of wind power generation, the demand for steel structures continues to increase. The transformation and upgrading of the construction industry has higher requirements for the seismic resistance, fire resistance, and corrosion resistance of steel structures, prompting companies to adopt high-performance steel and advanced protection technologies. The increase in large-scale engineering projects, such as large industrial parks and urban complexes, requires steel structure processing companies to have stronger project management and resource allocation capabilities, and be able to undertake the production and installation of large-scale steel structures. Customers are increasingly inclined to choose companies with integrated design, production, and installation service capabilities, prompting steel structure processing companies to develop in the direction of general contracting or professional contracting, and provide one-stop solutions.

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