1. Market size

Global market: The global steel structure grid market has exceeded billions of dollars and continues to grow at a rate of about 5% per year.

Chinese market: According to market research data, the size of China's steel structure grid market has reached the level of billions. The Chinese stainless steel grid structure market was approximately 5 billion yuan in 2019, and is expected to grow to 7.6 billion yuan by 2024, with a compound annual growth rate of 8.3%. It is expected to exceed 10 billion yuan by 2025.

2. Development prospects

Favorable factors

The promotion of urbanization process: With the acceleration of urbanization process, the demand for urban infrastructure construction has increased, such as large public buildings such as sports venues, exhibition centers, transportation hubs, and industrial plants, which continue to increase, providing a broad market space for grid steel structures. For example, the construction of projects such as Zhanjiang North Station and Zhongnan Air Traffic Control on the Guangzhou Zhanjiang High speed Railway.

Increased policy support: The government's support for green buildings and environmental protection industries continues to increase. As the main structural form of green buildings, grid steel structures have the advantages of light weight, high strength, fast construction speed, good seismic performance, and high recycling rate, which are in line with policy guidance and contribute to the sustained growth of market demand. Policies such as China's "14th Five Year Plan for the Construction of Modern Circulation System" have promoted its development.

Driven by technological innovation: With the advancement of technology, the manufacturing technology of the grid steel structure industry continues to improve, and intelligent manufacturing technology is being applied. At the same time, new materials such as high-strength steel and aluminum alloys will be widely used in grid structures, and digital technologies such as BIM will be used in design and construction, improving production efficiency, product quality, and design accuracy, and promoting industry development.

Customization demand growth: With the rise of personalized consumption, the customization demand for steel structure grids is becoming increasingly prominent. Enterprises can customize design and production according to customers' specific needs, expanding the diversified demands of the market.

International market expansion: Domestic steel structure grid enterprises actively expand into the international market, participate in international competition, and enhance brand influence. Chinese steel structure truss products have been exported to multiple countries and regions, such as the United States, Europe, Southeast Asia, etc.

Challenge factors

Intense market competition: The steel structure grid industry has a large number of enterprises, intense market competition, and serious price wars. There are over 2000 steel structure grid production enterprises nationwide, with a relatively low market concentration.

Technological innovation pressure: The industry's technology updates rapidly, and there is a phenomenon of homogenization in technological innovation. Some enterprises find it difficult to keep up with the pace of technological updates, and there are risks in intellectual property protection.

Fluctuations in raw material prices: The prices of major raw materials such as steel, aluminum, and other metal materials are affected by factors such as domestic and international market supply and demand, macroeconomic conditions, etc., resulting in significant fluctuations and difficulty in controlling enterprise costs.

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