Industrial Production in Japan increased 4 percent in June of 2025 over the same month in the previous year. This dataset provides - Japan Industrial Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Japan increased 1.70 percent in June of 2025 over the previous month. This dataset provides the latest reported value for - Japan Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Japan Industrial Production Index Growth

• Japan Industrial production rose 2.6 % YoY in Jan 2025, following a drop of 3.2 % YoY in the previous month.
• Japan Industrial production index growth rate YoY data is updated monthly, available from Jan 1954 to Jan 2025, with an average rate of 3.4 %.
• The data reached an all-time high of 30.2 % in Feb 1960 and a record low of -34.7 % in Feb 2009.

CEIC calculates Industrial Production Index Growth from monthly Industrial Production Index. The Ministry of Economy, Trade and Industry provides Industrial Production Index with base 2020=100. Industrial Production Index covers Manufacturing and Mining sectors only. Industrial Production Index Growth prior to January 1979 is calculated from Industrial Production Index with base 2010=100 sourced from the International Monetary Fund.

Manufacturing Production in Japan increased 4 percent in June of 2025 over the same month in the previous year. This dataset provides - Japan Manufacturing Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production, constant US$, seas. adj. in Japan was reported at 1487168154141 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Japan - Industrial Production, constant US$, seas. adj. - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Japan TM: IPI: sa: Manufacturing: MoM data was reported at 9.700 % in Feb 2025. This records an increase from the previous number of -9.800 % for Jan 2025. Japan TM: IPI: sa: Manufacturing: MoM data is updated monthly, averaging 1.900 % from Dec 2023 (Median) to Feb 2025, with 15 observations. The data reached an all-time high of 12.400 % in Dec 2023 and a record low of -12.200 % in Jan 2024. Japan TM: IPI: sa: Manufacturing: MoM data remains active status in CEIC and is reported by Statistics of Tokyo. The data is categorized under Global Database’s Japan – Table JP.B044: Tokyo Metropolitan (TM): Industrial Production Index: 2020=100: Seasonally Adjusted. Source provides only latest timepoint growth rate.

The size of the semiconductor market in Japan amounted to ***** billion U.S. dollars in 2023. It was forecast to increase to almost **** billion dollars by 2025. A key player in the semiconductor industry A breakdown of worldwide revenue shares by region shows that Japan accounts for approximately ********* of global semiconductor sales. The country hosts numerous leading technology firms that are part of the semiconductor industry, such as Tokyo Electron Ltd., Renesas Electronics Corporation, and Rohm Co., Ltd. In recent years, companies that engage in the production of semiconductor manufacturing equipment, such as Advantest Corporation, Disco Corporation, and Lasertec Corporation, have shown a significant positive development in terms of net sales. Japan's efforts to reignite domestic semiconductor production Geopolitical tensions and supply chain insecurities during the COVID-19 pandemic provided an important impetus for Japan to increase its efforts to revitalize domestic semiconductor production. To bolster Japan's independence from outside influences, the Japanese government provides support to semiconductor manufacturers through various means, such as tax exemptions, subsidies, and land allocations. In fiscal years 2021 to 2023, Japan invested nearly four trillion Japanese yen in the semiconductor industry, including substantial sums allocated to companies like Taiwan Semiconductor Manufacturing Company (TSMC) Limited and Rapidus Corporation. The Ministry of Economy, Trade and Industry (METI) stated in 2024 that it planned to triple the sales of the domestic semiconductor industry from about five trillion Japanese yen in 2020 to 15 trillion yen by 2030.

The statistic shows the gross domestic product (GDP) per capita in Japan from 1987 to 2024, with projections up until 2030. In 2024, the estimated gross domestic product per capita in Japan was around 32,498.15 U.S. dollars. For further information, see Japan's GDP. Japan's economy Japan is the world’s second largest developed economy and a member of the Group of Eight, also known as G8, which is comprised of the eight leading industrialized countries. Due to a weak financial sector, overregulation and a lack of demand, Japan suffered substantially from the early 1990s until 2000, a time referred to as ‘’The Lost Decade’’. Japan’s economy is still slowly recovering from the country’s asset price bubble collapse; however it continues to struggle to retain economic milestones achieved in the 1980s. Japan’s response to the crash was to stimulate the economy, which in turn resulted in extensive amounts of debt that further increased into the 21st century, most notably after the 2008 financial crisis. Despite maintaining a surprisingly low unemployment rate, demand within the country remains inadequate, primarily because Japanese residents spend a rather small fraction of the money they earned from the workplace. Lower demand often has a direct effect on production, with companies seeing not enough profits to continue production at such a high rate. Based on the consumer confidence index, Japanese households found that their quality of life, income growth, employment and propensity to durable goods was below satisfactory standards, perhaps due to these households still experiencing the effects of the 1990s bubble crash.

Discover how the industrial sewing machine market in Japan is set to experience growth over the next decade, with a forecasted increase in market volume and value by 2035.

Discover the latest trends in the industrial stearic acid market in Japan and learn about the projected growth in market volume and value from 2024 to 2035.

The Japan road freight market, a significant component of the nation's logistics infrastructure, is experiencing robust growth driven by the expansion of e-commerce, increasing industrial output, and a burgeoning manufacturing sector. The market's size in 2025 is estimated at ¥20 trillion (assuming a reasonably sized market for a developed nation like Japan), exhibiting a Compound Annual Growth Rate (CAGR) of approximately 3% (a conservative estimate considering economic stability and infrastructure). Key drivers include the rise of just-in-time manufacturing necessitating efficient short-haul trucking, increasing demand for temperature-controlled transportation of perishable goods, and a steady growth in cross-border trade within the Asia-Pacific region. The market is segmented by end-user industry (with manufacturing and construction being dominant segments), transportation specification (FTL and LTL), containerization, distance (long and short haul), and goods configuration (solid and fluid). While the dominance of established players like DHL, Nippon Express, and Seino Holdings ensures market stability, new entrants focusing on niche segments like sustainable logistics or specialized temperature-controlled transport are emerging. The market's growth trajectory, while steady, faces potential restraints. These include increasing fuel costs, labor shortages in the trucking industry, and stringent regulations aimed at environmental sustainability. To mitigate these challenges, market players are investing in technological advancements like route optimization software, telematics, and autonomous driving technology. The implementation of these technologies will streamline operations, enhance efficiency, and contribute to reducing environmental impact, thereby securing long-term market sustainability. The forecast period (2025-2033) is projected to witness continued growth, although the CAGR may fluctuate slightly year-on-year depending on economic factors and governmental policies. The domestic market segment holds the largest share, reflecting Japan's robust internal trade and manufacturing network. Recent developments include: May 2024: Nippon Express will be expanding the number of countries and regions covered by its e-NX Quote digital forwarding service, which allows users to get quotes online, to 35 countries/regions starting with a January 31 launch in Japan. The service also now includes a CO2 emissions calculation function.January 2024: DHL Japan and SCREEN Semiconductor Solutions Co., Ltd. announced that they have signed a long-term contract for GoGreen Plus, a transportation service that reduces (inset) CO2 emissions associated with transportation through the use of sustainable aviation fuel (SAF).November 2023: Nippon Express Holdings has entered into a strategic partnership with Cryoport Systems, a group company of the US-based specialized pharmaceutical carrier Cryoport, Inc., to provide the global pharmaceutical industry with cryogenic (-150°C or lower) transport services for cellular raw materials and regenerative medicine products.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Japan Production: Electronic Equipment data was reported at 928.941 JPY bn in Feb 2025. This records an increase from the previous number of 859.313 JPY bn for Jan 2025. Japan Production: Electronic Equipment data is updated monthly, averaging 1,073.802 JPY bn from Jan 2000 (Median) to Feb 2025, with 302 observations. The data reached an all-time high of 2,668.562 JPY bn in Mar 2000 and a record low of 687.482 JPY bn in May 2020. Japan Production: Electronic Equipment data remains active status in CEIC and is reported by Japan Electronics & Information Technology Industries Association. The data is categorized under Global Database’s Japan – Table JP.RF001: Production: Electronic Equipment. [COVID-19-IMPACT]

The article discusses the growth in demand for industrial machinery for preparing meat and poultry in Japan, with market performance expected to increase at a CAGR of +4.9% in terms of volume and +5.5% in terms of value from 2024 to 2035.

Snapshot img

Big Data In Manufacturing Market Size 2025-2029

The big data in manufacturing market size is forecast to increase by USD 21.44 billion at a CAGR of 26.4% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing adoption of Industry 4.0 and the emergence of artificial intelligence (AI) and machine learning (ML) technologies. The integration of these advanced technologies is enabling manufacturers to collect, process, and analyze vast amounts of data in real-time, leading to improved operational efficiency, enhanced product quality, and increased competitiveness. Cost optimization is achieved through root cause analysis and preventive maintenance, and AI algorithms and deep learning are employed for capacity planning and predictive modeling.
To capitalize on the opportunities presented by the market and navigate these challenges effectively, manufacturers must invest in building strong data analytics capabilities and collaborating with technology partners and industry experts. By leveraging these resources, they can transform raw data into actionable insights, optimize their operations, and stay ahead of the competition. The sheer volume, velocity, and variety of data being generated require sophisticated tools and expertise to extract meaningful insights. Additionally, ensuring data security and privacy, particularly in the context of increasing digitalization, is a critical concern.

What will be the Size of the Big Data In Manufacturing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

In the dynamic manufacturing market, Business Intelligence (BI) plays a pivotal role in driving operational efficiency and competitiveness. Blockchain technology and industrial automation are key trends, enhancing transparency and security in supply chain operations. Real-time monitoring systems, Data Integration Tools, and Data Analytics Dashboards enable manufacturers to gain insights from vast amounts of data. Lifecycle analysis, Smart Manufacturing, and Cloud-based Data Analytics facilitate predictive maintenance and optimize production.
PLC programming, Edge AI, KPI tracking, and Automated Reporting facilitate data-driven decision making. Manufacturing Simulation Software and Circular Economy principles foster innovation and sustainability. The market is transforming towards Digital Transformation, incorporating Predictive Maintenance Software and Digital Thread for enhanced visibility and agility. SCADA systems, Carbon Footprint, and Digital Thread promote sustainable manufacturing practices. AI-powered Quality Control, Performance Measurement, and Sensor Networks ensure product excellence.

How is this Big Data In Manufacturing Industry segmented?

The big data in manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Services
  Solutions


Deployment

  On-premises
  Cloud-based
  Hybrid


Application

  Operational analytics
  Production management
  Customer analytics
  Supply chain management
  Others


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The services segment is estimated to witness significant growth during the forecast period. In the realm of manufacturing, the rise of data from sensors, machines, and operations presents a significant opportunity for analytics and insights. Big data services play a pivotal role in this landscape, empowering manufacturers to optimize resource allocation, minimize operational inefficiencies, and discover cost-saving opportunities. Real-time analytics enable predictive maintenance, reducing unplanned downtime and repair costs. Data visualization tools offer human-machine interfaces (HMIs) for seamless interaction, while machine learning and predictive modeling uncover hidden patterns and trends. Data security is paramount, with robust access control, encryption, and disaster recovery solutions ensuring data integrity. Supply chain management and demand forecasting are streamlined through data integration and real-time analytics.

Quality control is enhanced with digital twins and anomaly detection, minimizing defects and rework. Capacity planning and production monitoring are optimized through time series analysis and neural networks. IoT sensors and data acquisition systems feed data warehouses and data lakes, fueling statistical analysis and regression modeling. Energy efficiency is improved through data-driven insights, while inventory management

Pertumbuhan Indeks Produksi Industri Jepang dilaporkan sebesar 2.6 % pada 2025-01. Rekor ini naik dibanding sebelumnya yaitu -3.2 % untuk 2024-12. Data Pertumbuhan Indeks Produksi Industri Jepang diperbarui bulanan, dengan rata-rata 3.4 % dari 1954-01 sampai 2025-01, dengan 853 observasi. Data ini mencapai angka tertinggi sebesar 30.2 % pada 1960-02 dan rekor terendah sebesar -34.7 % pada 2009-02. Data Pertumbuhan Indeks Produksi Industri Jepang tetap berstatus aktif di CEIC dan dilaporkan oleh CEIC Data. Data dikategorikan dalam Global Economic Monitor World Trend Plus – Table: Industrial Production Index: Y-o-Y Growth: Monthly: Seasonally Adjusted.

Snapshot img

Metal Additive Manufacturing Market Size 2025-2029

The metal additive manufacturing market size is forecast to increase by USD 18.67 billion, at a CAGR of 29.7% between 2024 and 2029. The market is experiencing significant growth, driven by the increasing preference for this innovative technology over traditional manufacturing methods and the increasing preference for this advanced manufacturing technology.

Major Market Trends & Insights

North America dominated the market and accounted for a 42% share in 2023.
The market is expected to grow significantly in Europe region as well over the forecast period.
Based on the Type, the selective laser melting segment led the market and was valued at USD 3.84 billion of the global revenue in 2023.
Based on the Application, the aerospace segment accounted for the largest market revenue share in 2023.

Market Size & Forecast

Market Opportunities: USD 6.99 Billion
Future Opportunities: USD 18.67 Billion
CAGR (2024-2029): 29.7%
North America: Largest market in 2023

The ability to produce complex and lightweight components with improved material properties is a major factor fueling this trend. Additionally, advancements in new materials are expanding the applications of metal additive manufacturing, making it a more versatile solution for various industries, such as the healthcare industry. However, high production costs remain a significant challenge for the market. Despite this obstacle, companies can capitalize on the opportunities presented by this technology by focusing on process optimization, material cost reduction, and expanding their application base.

By addressing these challenges and leveraging the unique benefits of metal additive manufacturing, businesses can gain a competitive edge and drive growth in this dynamic market.

What will be the Size of the Metal Additive Manufacturing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free Sample

The additive manufacturing market continues to evolve, with innovations in various processes shaping its landscape. Two prominent techniques, material extrusion and powder bed fusion, account for a significant market share. Material extrusion, which includes processes like fused deposition modeling, offers cost-effective production for large-scale applications. For instance, a leading company in the construction industry reported a 30% reduction in build time and a 40% decrease in material usage through material extrusion. Meanwhile, powder bed fusion, including selective laser melting and electron beam melting, delivers superior mechanical properties and dimensional accuracy. However, challenges such as defect detection methods, layer thickness control, and energy density control persist. The electron beam melting segment is the second largest segment of the type and was valued at USD 1.95 billion in 2023.

Topology optimization software and process parameter control are essential for addressing these challenges, ensuring efficient and high-quality production. Moreover, emerging technologies like directed energy deposition, binder jetting, and metal injection molding are gaining traction due to their unique advantages. For example, directed energy deposition offers an excellent build orientation strategy and process monitoring system capabilities. The additive manufacturing market is expected to grow at a robust rate, with industry experts projecting a 20% increase in annual growth over the next decade. Additionally, advancements in simulation and modeling, microstructure characterization, and quality control metrics contribute to the continuous improvement of additive manufacturing processes.

Customized production, scalability, and automation are key focus areas, driving the integration of additive manufacturing into various sectors, including aerospace, automotive, and healthcare. In the realm of metal powders, alloy development, metal powder properties, and post-processing techniques are critical areas of research. Scan speed optimization, support structure design, and part geometry optimization are essential for enhancing the overall efficiency and productivity of additive manufacturing processes. Furthermore, heat treatment optimization and fatigue life prediction are crucial for ensuring the reliability and durability of additive manufactured components.

How is this Metal Additive Manufacturing Industry segmented?

The metal additive manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Selective laser melting
  Electron beam melting


Application

  Aerospace
  Healthcare
  Tools and mold
  Automobi

• According to Cognitive Market Research, the bamboo market size will be XX million in 2023 and will expand at a compound annual growth rate (CAGR) of XX% from 2024 to 2031. • The versatility of Bamboo leads to a wide range of applications in the domestic and industrial markets and Bamboo is renewable, sustainable, and acts as a cheap alternative which drives the market growth. • The growing number of bamboos uses in various industries, as well as shifting client preferences for non-plastic items, present a significant opportunity for new market entrants. However, the business does not require substantial financial investments or technical skills, hence increasing the danger of new entrants. • China’s bamboo market had the biggest market share, and the Indian bamboo market was the fastest-growing market in the Asia-Pacific region.

Market Dynamics

Key drivers:

The versatility of Bamboo leads to a wide range of applications in domestic and industrial market

Bamboo, a versatile multi-purpose forest product, is essential to both the global home and industrial economies. Bamboo and bamboo-based products are employed in a variety of indoor and outdoor applications due to their abundance and adaptability. Bamboo can be turned into a variety of items based on its properties. For example, bamboo goods can be transformed into bamboo viscose or rayon for textile production. Bamboo fiber can be processed to create bamboo panels, which can then be used as flooring. It is considered as one of the most renewable resources in a socioeconomic-cultural-ecological-climatic-functional setting, with over 1,500 documented applications. For Instance, in recent years, the entry of bamboo into the textile sector has generated antibacterial and UV absorption in bamboo clothing, which is caused by a feature of lignin in the bamboo fiber. According to the Japan Textile Inspection Association, even after fifty washes, bamboo fiber fabric retains excellent anti-bacterial and bacteriostasis properties. Bamboo fiber has unique and natural capabilities of antibacterial, bacteriostasis, and deodorization Bamboo may be converted into solid, liquid, and gaseous fuels.(Source:https://www.fibre2fashion.com/industry-article/5750/bamboo-fibers-and-its-applications#:~:text=It%20is%20validated%20by%20Japan,incubated%20on%20bamboo%20fiber%20fabric.) Bamboo has a high calorific value, indicating that it can generate a lot of heat when burned. For Instance, China and Japan have used charcoal derived from this remarkable plant as a cooking fuel. Bamboo vinegar, also known as pyroligneous acid, is extracted during the charcoal-making process and is employed in hundreds of treatments across several fields. This liquid comprises 400 different chemical compounds and can be used for a variety of applications, including cosmetics, insecticides, deodorants, food processing, and agriculture. Today, more than one billion people live in bamboo dwellings. According to UNESCO, 70 hectares of bamboo can supply enough material to build 1000 homes. If timber was used instead, it may necessitate the felling of trees from an already dwindling forest. Hence, we can say that Bamboo is versatile as they possess the quality of adaptability and are used in various applications which leads to a rise in demand for the products.(Source:https://econation.one/bamboo/#:~:text=Houses%2C%20schools%20and%20other%20buildings,-Today%2C%20over%20one&text=According%20to%20UNESCO%2C%2070%20hectares,from%20an%20already%20diminishing%20forest.)

Bamboo is renewable, and sustainable and acts as a cheap alternative to materials like wood and plastic

Bamboo is a known renewable resource and grows quicker than other trees and plants used to extract valuable fiber. Bamboo is a plant that grows in warm, humid environments. For Instance, to find out how renewable bamboo is, one of the simplest approaches is to compare it to cotton and also grow by itself. Every year, more than 256 Gm3 of cotton is produced around the world to make the different common cotton goods that we use today. Bamboo grows with one-third the amount of water that is required by a cotton plant but Bamboo, on the other hand, typically grows without watering or fertilizer, cotton, utilizes around 25% of the world's insecticides and the world's pesticides 12%...

Snapshot img

Output Management Software Market Size and Forecast 2025-2029

The output management software market size estimates the market to reach by USD 10.67 billion, at a CAGR of 3% between 2024 and 2029. APAC is expected to account for 42% of the growth contribution to the global market during this period. In 2019 the BFSI segment was valued at USD 18.19 billion and has demonstrated steady growth since then.

    Report Coverage


    Details




    Base year


    2024




    Historic period

    2019-2023



    Forecast period


    2025-2029



    Market structure
    Fragmented



    Market growth 2025-2029


    USD 10.67 billion






The market is experiencing significant growth, driven by the increasing adoption of these solutions in the healthcare industry. The sector's reliance on efficient document processing and secure data handling has led to a surge in demand for output management software. Moreover, the outsourcing of output management services to third-party providers is another key trend gaining traction in various industries. This approach allows businesses to focus on their core competencies while benefiting from the expertise and economies of scale of specialized service providers. However, the market is not without challenges. Growing concerns over data security are becoming increasingly prominent, as organizations handle and transfer sensitive information through output management systems.
Ensuring robust data protection measures and adhering to regulatory requirements are essential for market players to mitigate these risks and maintain customer trust. Effective implementation of advanced security features, such as encryption and access control, will be crucial in addressing these challenges and capitalizing on the market's growth opportunities.

What will be the Size of the Output Management Software Market during the forecast period?

Request Free Sample

The market continues to evolve, driven by the digital transformation of businesses across various sectors. Output security protocols and policy enforcement play a crucial role in safeguarding sensitive information during document delivery. Digital document transformation and mailroom solutions streamline workflows, while print management software and server administration optimize print processes. Electronic document delivery and secure print release ensure efficient and secure output. Advanced print features, such as document routing rules, data loss prevention, and compliance auditing, enhance output management systems. On-premise and cloud-based solutions offer flexibility for businesses, with centralized print management and output queue management ensuring seamless workflows.

Printer fleet management and forms processing software further optimize print operations. Print cost optimization, hybrid output management, report distribution systems, and access control lists are essential components of modern output management. Enterprise content management and mobile print solutions cater to the evolving needs of businesses. The market is expected to grow at a robust percentage annually, underscoring its significance in the digital business landscape. For instance, a leading retailer implemented an output management system, resulting in a 30% reduction in print costs and a 25% increase in employee productivity. This demonstrates the potential impact of output management solutions on business operations.

How is this Output Management Software Industry segmented?

The output management software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  BFSI
  Healthcare
  Manufacturing
  Others


Deployment

  Cloud
  On-premises


Organization Size

  Large Enterprises
  Small and Medium Enterprises (SMEs)


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By End-user Insights

The bfsi segment is estimated to witness significant growth during the forecast period.

Output management software plays a crucial role in the banking, financial services, and insurance (BFSI) sector by ensuring secure handling of sensitive documents and compliance with industry regulations. With a substantial volume of documents processed daily, output management software is essential for banks and financial institutions to maintain data protection standards. The software facilitates document scanning, optical character recognition (OCR), and form processing solutions, enhancing secu

In 2024, the gross domestic product (GDP) of China amounted to around 18.7 trillion U.S. dollars. In comparison to the GDP of the other BRIC countries India, Russia and Brazil, China came first that year and second in the world GDP ranking. The stagnation of China's GDP in U.S. dollar terms in 2022 and 2023 was mainly due to the appreciation of the U.S. dollar. China's real GDP growth was 3.1 percent in 2022 and 5.4 percent in 2023. In 2024, per capita GDP in China reached around 13,300 U.S. dollars. Economic performance in China Gross domestic product (GDP) is a primary economic indicator. It measures the total value of all goods and services produced in an economy over a certain time period. China's economy used to grow quickly in the past, but the growth rate of China’s real GDP gradually slowed down in recent years, and year-on-year GDP growth is forecasted to range at only around four percent in the years after 2024. Since 2010, China has been the world’s second-largest economy, surpassing Japan.China’s emergence in the world’s economy has a lot to do with its status as the ‘world’s factory’. Since 2013, China is the largest export country in the world. Some argue that it is partly due to the undervalued Chinese currency. The Big Mac Index, a simplified and informal way to measure the purchasing power parity between different currencies, indicates that the Chinese currency yuan was roughly undervalued by 38 percent in 2024. GDP development Although the impressive economic development in China has led millions of people out of poverty, China is still not in the league of industrialized countries on the per capita basis. To name one example, the U.S. per capita economic output was more than six times as large as in China in 2024. Meanwhile, the Chinese society faces increased income disparities. The Gini coefficient of China, a widely used indicator of economic inequality, has been larger than 0.45 over the last decade, whereas 0.40 is the warning level for social unrest.

Snapshot img

Steel Manufacturing Market Size 2025-2029

The steel manufacturing market size is forecast to increase by USD 455.4 billion, at a CAGR of 4.5% between 2024 and 2029.

The market is driven by the increasing consumption of high-strength steel, which is increasingly preferred in various industries due to its superior properties. This trend is further fueled by the growing demand for steel and stainless steel scrap, serving as crucial raw materials in steel production. However, the market faces challenges from excess production capacity, leading to intense competition and price pressures. Companies must navigate these dynamics to capitalize on opportunities and maintain profitability. Strategic initiatives such as innovation, operational efficiency, and geographic expansion can help steel manufacturers stay competitive and thrive in this dynamic market.

What will be the Size of the Steel Manufacturing Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve, driven by dynamic market conditions and shifting applications across various sectors. Basic oxygen furnaces and blast furnaces remain the cornerstone of steel production, transforming iron ore into molten steel for further processing. The resulting steel is then shaped through continuous casting, hot rolling, and cold rolling into various forms such as bars, slabs, sheets, tubes, pipes, and plates. Steel consumption patterns are influenced by the demands of industries like consumer goods, automotive, construction, and energy. Stainless steel, with its superior strength and resistance to corrosion, finds extensive use in these sectors. Steel imports and exports shape global supply chains, with electric arc furnaces playing a crucial role in steel recycling and the production of alloy steel and high-strength steel. Steel grades and quality standards are continually evolving to meet the specific requirements of various applications. Carbon steel, galvanized steel, and prepainted steel are some of the many grades available. Steel pricing remains a critical factor, influenced by production costs, supply and demand, and market trends. The ongoing development of steel manufacturing technology further enhances the industry's ability to meet the evolving needs of its diverse customer base.

How is this Steel Manufacturing Industry segmented?

The steel manufacturing industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. End-userConstructionMachineryAutomotiveMetal productsOthersTypeFlatLongGeographyNorth AmericaUSCanadaEuropeFranceGermanyRussiaUKAPACChinaIndiaJapanSouth AmericaBrazilRest of World (ROW).

By End-user Insights

The construction segment is estimated to witness significant growth during the forecast period.The market is driven by the construction sector, which accounted for the largest share in 2024. This growth can be attributed to the construction of infrastructure projects such as skyscrapers, tech parks, roads, motorways, and bridges. Steel's strength and ductility make it an ideal choice for the building industry. It is commonly used in the production of high-strength plates for roads and bridges, rectangular tubing for welded frames, and beams for structural frameworks. Rebar and hollow structural components are also manufactured using steel. Additionally, steel is utilized in sign poles, fences, caissons, columns, culverts, pilings, and handrails due to its properties of durability, affordability, and adaptability for prolonged exposure to weather. Steel manufacturing processes include the use of electric arc furnaces, basic oxygen furnaces, and blast furnaces. Steel grades such as carbon steel, alloy steel, stainless steel, and high-strength steel are produced using these processes. Steel production capacity is increased through continuous casting, hot rolling, cold rolling, and continuous annealing. Steel scrap is recycled and reused in the manufacturing process, contributing to the sustainability of the industry. Steel applications extend beyond the construction industry to consumer goods, transportation, packaging, and industrial machinery. Prepainted steel, galvanized steel, and steel coatings are used in the production of appliances, automobiles, and packaging materials. Steel tubes and pipes are utilized in the oil and gas industry for transportation and storage. Steel wires are used in various applications such as fencing, wire ropes, and electrical conductors. Steel exports and imports play a significant role in the global steel market. Steel production and consumption vary across regions, leading to fluctuations in prices. Steel qu