Russia Metal Fabrication Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Russia metal fabrication market is segmented by material type (steel, aluminum, and others), end-user industry (manufacturing, power and utilities, construction, oil and gas, and other end-user industries), and service (casting, forging, machining, welding and tubing, and other services). The report offers values in USD billions for all the above segments.

Russia Metal Fabrication Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Russia Metal Fabrication Market Size

Russia Metal Fabrication Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Market Size (2024) USD 3.60 Billion
Market Size (2029) USD 4.44 Billion
CAGR (2024 - 2029) 4.31 %
Market Concentration Medium

Major Players

Russia Metal Fabrication Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Russia Metal Fabrication Market with other markets in Manufacturing Products and Services Industry

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Russia Metal Fabrication Market Analysis

The Russia Metal Fabrication Market size is estimated at USD 3.60 billion in 2024, and is expected to reach USD 4.44 billion by 2029, growing at a CAGR of 4.31% during the forecast period (2024-2029).

  • COVID-19 caused operational problems and low demand, which hurt the metal fabrication industry in Russia a lot. In the forecast period, production was expected to slowly get back to where it was before the pandemic.According to the industry association, domestic demand for metals would take a significant hit, and it would take at least 2022-2023 to return to pre-pandemic levels.
  • Steel, which is an alloy of iron, carbon, and sometimes other things, is an important part of Russian ferrous metallurgy.Russia is fifth in the world in terms of monthly crude steel production, after China, India, Japan, and the United States. This is because the Soviet Union left Russia with a strong steel industry.
  • The studied market, which is the Russian metal fabrication market, is made up of a large number of small and medium-sized businesses as well as EPC firms. The market is driven by the rising demand for goods and services in different parts of the country. On the other hand, Russia's invasion of Ukraine has affected the economy in the near term and promises to have a significant impact on the newly formed sheet metal industry. Even if the attack de-escalates, political uncertainty and economic sanctions will still affect the global economy.

Russia Metal Fabrication Industry Overview

The Russian metal fabrication market is fragmented by nature, with the presence of a large number of small- and medium-sized companies and EPC companies. The majority of the large fabricators present in the market studied are majorly EPC companies, which handle end-to-end solutions for structural steel fabrication and process equipment fabrication services. Some of the major players in the market are Severstal-Metiz, Novolipetsk Steel (NLMK), Magnitogorsk Iron and Steel Works, Lenmontag, and Metalloinvest Management Company LLC.

Russia Metal Fabrication Market Leaders

  1. Severstal-metiz

  2. Novolipetsk Steel (NLMK)

  3. Magnitogorsk Iron and Steel Works

  4. Lenmontag

  5. Metalloinvest Management Company LLC

  6. *Disclaimer: Major Players sorted in no particular order
Russia Metal Fabrication Market Concentration
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Russia Metal Fabrication Market News

November 2022: Novolipetsk Steel (NLMK) Lipetsk, one of the main production sites of NLMK Group, Russia's biggest producer of steel and high-valued steel products and steel makers, has upgraded its Blast Furnace No. 3 dedusting system, achieving a 99.9% dust capture rate. As a result of NLMK's ongoing environmental improvements, all of its blast furnaces now have advanced dedusting systems that are on par with the best global technologies.

December 2022: Metalloinvest has completed the modernization of kiln No. 4 at Lebedinsky GOK's pellet plant. The kiln's design capacity has increased by almost 10%, to 2.5 million metric tons of pellets per year. At the same time, gas and electricity consumption have been reduced, which will have a positive impact on production costs.

Russia Metal Fabrication Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
    • 4.1.1 Market Drivers
    • 4.1.2 Market Restraints
    • 4.1.3 Market Oppurtunities
  • 4.2 Value Chain / Supply Chain Analysis
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Buyers/Consumers
    • 4.3.2 Bargaining Power of Suppliers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By End-user Industry
    • 5.1.1 Manufacturing
    • 5.1.2 Power and Utilities
    • 5.1.3 Construction
    • 5.1.4 Oil and Gas
    • 5.1.5 Other End-user Industries
  • 5.2 By Material Type
    • 5.2.1 Steel
    • 5.2.2 Aluminum
    • 5.2.3 Other Material Types
  • 5.3 By Service Type
    • 5.3.1 Casting
    • 5.3.2 Forging
    • 5.3.3 Machining
    • 5.3.4 Welding & Tubing
    • 5.3.5 Other Service Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Severstal-metiz
    • 6.2.2 Novolipetsk Steel (NLMK)
    • 6.2.3 Magnitogorsk Iron and Steel Works
    • 6.2.4 Lenmontag
    • 6.2.5 Metalloinvest Management Company LLC
    • 6.2.6 Mechel
    • 6.2.7 Ruspolimet
    • 6.2.8 Pic Metall
    • 6.2.9 Evraz Group
    • 6.2.10 TMK*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. APPENDIX

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Russia Metal Fabrication Industry Segmentation

Metal fabrication is the process of putting together, bending, and cutting metal to make structures. It is a value-added process that involves creating machines, parts, and structures from raw materials. The Russia metal fabrication market is segmented by end-user industry (manufacturing, power and utilities, construction, oil and gas, and other end-user industries) and product category (structural steel fabrication and process equipment fabrication). The report offers values in USD billions for all the above segments.

By End-user Industry Manufacturing
Power and Utilities
Construction
Oil and Gas
Other End-user Industries
By Material Type Steel
Aluminum
Other Material Types
By Service Type Casting
Forging
Machining
Welding & Tubing
Other Service Types
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Russia Metal Fabrication Market Research FAQs

How big is the Russia Metal Fabrication Market?

The Russia Metal Fabrication Market size is expected to reach USD 3.60 billion in 2024 and grow at a CAGR of 4.31% to reach USD 4.44 billion by 2029.

What is the current Russia Metal Fabrication Market size?

In 2024, the Russia Metal Fabrication Market size is expected to reach USD 3.60 billion.

Who are the key players in Russia Metal Fabrication Market?

Severstal-metiz, Novolipetsk Steel (NLMK), Magnitogorsk Iron and Steel Works, Lenmontag and Metalloinvest Management Company LLC are the major companies operating in the Russia Metal Fabrication Market.

What years does this Russia Metal Fabrication Market cover, and what was the market size in 2023?

In 2023, the Russia Metal Fabrication Market size was estimated at USD 3.45 billion. The report covers the Russia Metal Fabrication Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Russia Metal Fabrication Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Russia Metal Fabrication Industry Report

Statistics for the 2024 Russia Metal Fabrication market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Metal Fabrication analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.