In 2023, the GDP of Oregon totaled around 261.95 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product (GDP) of the state, amounting to around 48.92 billion U.S. dollars. In the same year, the construction industry contributed around 10.91 billion U.S. dollars worth of value to the state's GDP.
In 2024, Nike was the largest company headquartered in Oregon, employing about 75,400 people. KinderCare Education, Daimler Trucks North America, and Collins Forest Products rounded out the top five employers headquartered in Oregon in that year.
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In July of 2013, lightning strikes ignited three wildfires in southwest Oregon that became known as the Big Windy Complex. The fires were fully contained by the end of September after burning 27,555 acres of land owned by the Bureau of Land Management and protected by the Oregon Department of Forestry. WSI has collected Light Detection and Ranging (LiDAR) data for the BLM Fires study area for the Oregon Department of Geology and Mineral Industries (DOGAMI). The Oregon LiDAR Consortium's BLM Fires area of interest (AOI) encompasses approximately 123,340 acres in Curry, Douglas and Jefferson counties in Oregon. The entire AOI lies within the Rogue River LiDAR dataset collected in 2012. The collection of high resolution geographic data is part of an ongoing pursuit to amass a library of information accessible to government agencies as well as the general public. Between September 26 and October 23, 2013, WSI employed remote-sensing lasers in order to obtain a total area flown of 127,340 acres. Settings for LiDAR data capture produced an average resolution of at least eight pulses per square meter. Final products created include LiDAR point cloud data, one meter digital elevation models of bare earth ground model and highest-hit returns, intensity rasters, ground density rasters, orthophotos, study area vector shapes, and corresponding statistical data. Final deliverables were projected in Oregon Statewide Lambert Conformal Conic. This metadata was created for the bare earth digital elevation models.
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The Finished Steel Products market is experiencing robust growth, fueled by a compound annual growth rate (CAGR) exceeding 3% and a market size exceeding several billion dollars (the exact figure is omitted due to the lack of specific market size data in the prompt). Several key drivers are propelling this expansion. Firstly, the burgeoning construction sector, particularly in developing economies across Asia and the Middle East, significantly boosts demand for structural steel products like plates, beams, and rods. Simultaneously, the automotive and transportation industries rely heavily on high-strength steel for lighter and more fuel-efficient vehicles, further stimulating market growth. Renewed infrastructure development initiatives globally and the expansion of energy sectors, particularly renewable energy projects, also contribute to this demand surge. However, the market is not without its challenges. Fluctuations in raw material prices, primarily iron ore and coking coal, can significantly impact production costs and profitability. Furthermore, stringent environmental regulations aimed at reducing carbon emissions in steel production are pushing manufacturers to adopt more sustainable technologies, necessitating capital investment and potentially increasing production costs in the short term. Despite these constraints, the long-term outlook remains positive, driven by sustained infrastructure spending, increasing urbanization, and the ongoing transition towards sustainable manufacturing practices within the steel industry. The market is segmented by form (plate, strip, rod, etc.), process (hot-rolling, cold-rolling, etc.), and end-user industry (transportation, construction, energy, etc.), offering diverse opportunities for specialized players. Key global players, such as ArcelorMittal, Baosteel Group, and POSCO, are actively shaping market dynamics through innovation and strategic expansions. Recent developments include: January 2023: ArcelorMittal, a steel manufacturing company, invested USD 120 million in Boston Metal, a United States-based leading company working on decarbonizing the steelmaking process. The investment would help the startup launch green steel by 2026 and also help global companies reduce the heavy greenhouse gas emissions that come from the production of steel., March 2022: Schnitzer Steel Industries, Inc., the largest manufacturer and exporter of recycled metal products in North America, announced the launch of GRN SteelTM, a line of net-zero carbon products from its Cascade Steel manufacturing operations located in McMinnville, Oregon.. Key drivers for this market are: Growing Demand from Construction Industry. Potential restraints include: Growing Demand from Construction Industry. Notable trends are: Increasing Usage in the Transportation Industry.
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The size of the Finished Steel Products Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 3.00% during the forecast period.Finished steel products refer to the products that are processed from steel. These products include valves, pipe fittings, flanges, steel wires, steel strands, steel gratings, etc. The swift expansion of urban areas and infrastructure projects in developing countries is greatly increasing the need for finished steel products, which are vital for construction and civil engineering purposes. Furthermore, the automotive sector is a key consumer of these products, employing finished steel in the production of vehicle frames, body panels, and numerous components. The growing output of electric vehicles (EVs) and continuous innovations in automotive design are additionally propelling the demand for premium steel products, highlighting their essential importance in both the construction and transportation industries. Recent developments include: January 2023: ArcelorMittal, a steel manufacturing company, invested USD 120 million in Boston Metal, a United States-based leading company working on decarbonizing the steelmaking process. The investment would help the startup launch green steel by 2026 and also help global companies reduce the heavy greenhouse gas emissions that come from the production of steel., March 2022: Schnitzer Steel Industries, Inc., the largest manufacturer and exporter of recycled metal products in North America, announced the launch of GRN SteelTM, a line of net-zero carbon products from its Cascade Steel manufacturing operations located in McMinnville, Oregon.. Key drivers for this market are: Growing Demand from Construction Industry. Potential restraints include: Availability of Substitutes, Change in Properties with Temperature. Notable trends are: Increasing Usage in the Transportation Industry.
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In 2023, the GDP of Oregon totaled around 261.95 billion U.S. dollars. The finance, insurance, real estate, rental, and leasing industry added the most real value to the gross domestic product (GDP) of the state, amounting to around 48.92 billion U.S. dollars. In the same year, the construction industry contributed around 10.91 billion U.S. dollars worth of value to the state's GDP.