Russia Metal Fabrication Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.60 Billion |
| Market Size (2029) | USD 4.44 Billion |
| CAGR (2024 - 2029) | 4.31 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 Market Trends
Increasing Number of Manufacturing Plants in Russia
Some of the major manufacturing sectors in Russia are Machine Manufacturing, chemicals, textile and light industry, and the Automotive sector. Though the manufacturing sector in Russia has been greatly affected as a result of the Russia-Ukraine war, many companies have a strong footprint in the Russian Manufacturing sector.
Coke and refined petroleum products had the largest production value among manufacturing segments in Russia, measured at approximately 12.5 trillion Russian rubles (USD 0.17 Trillion) in 2021. Basic metals were the second-leading category, at over 10.7 trillion Russian rubles (USD 0.14 Trillion). Russia's food production value exceeded 8.5 trillion Russian rubles (USD 0.11 Trillion), according to the Russian Federal State Statistics Service.
Some of the major pharma companies like Pfizer, Johnson & Johnson, Novartis, and Abbott are among the drugmakers that manufacture pharmaceutical drugs at facilities in St. Petersburg and elsewhere in the country and typically sell those drugs as branded generics or under Russian brands. This has accelerated the manufacturing sector and thus the substantial need for metal pieces of machinery and fabrication in the country.
Increasing Transportation Infrastructure Development Activities in Russia are boosting the Market.
Russia has announced plans for a massive infrastructure expansion program. Russia intends to invest 400 billion roubles (USD 6.8 billion) from its National Wealth Fund in the year 2022, in addition to the 535 billion roubles (USD 7.10 billion) it has previously spent to maintain financial stability.
The Russian government has set aside USD 1.78 billion for the construction of new highway links. The most significant of these projects will be the construction of the new M12 highway, which will connect Moscow with Kazan and pass through Nizhny Novgorod. Other significant projects include new sections of the M4 Don highway, a 51-kilometer bypass around Krasnodar, and a 67-kilometer bypass around Aksaya. Work on the USD 266.5 million bypass around Novorossiysk will begin in 2022 and is expected to be completed by 2023.
Furthermore, the Russian government is focusing on transportation infrastructure modernization. RUB 6.3 trillion (USD 0.084 trillion) was issued as part of a comprehensive plan to upgrade the country's highways, airports, railways, ports, and other transportation infrastructure. Furthermore, the Russian government has allocated RUB 4.8 trillion (USD 66.6 billion) to the "Safe and High-Quality Highways" project. These projects improve regional road connectivity in Russia.
However, the government intends to build 6,835 miles (11,000 kilometers) of new railroad tracks by 2030, connecting the cities of Moscow, St. Petersburg, Samara, Krasnodar, and Novosibirsk. Furthermore, the Russian railway network is seeing a surge in construction activity under the direction of the rail monopoly RZD. RZD was building 12,427 miles (20,000 km) of roads that were expected to be finished by 2030 and cost more than USD 61 billion.
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
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Severstal-metiz
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Novolipetsk Steel (NLMK)
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Magnitogorsk Iron and Steel Works
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Lenmontag
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Metalloinvest Management Company LLC
*Disclaimer: Major Players sorted in no particular order
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
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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
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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
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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
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5.2 By Material Type
- 5.2.1 Steel
- 5.2.2 Aluminum
- 5.2.3 Other Material Types
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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
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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
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 |
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.
