Luton, Bedfordshire, United Kingdom, June 16, 2025 (GLOBE NEWSWIRE) — The global market for Hollow Structural Sections (HSS) is set for steady expansion, expected to grow from approximately USD 15.2 billion in 2024 to USD 27.5 billion by 2034, registering a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast period. This growth is propelled by increasing demand across multiple sectors, notably in construction, infrastructure, and industrial applications. Hollow structural sections, which include square, rectangular, and circular shapes, are gaining traction for their superior strength-to-weight ratio, design flexibility, and adaptability across a range of structural and mechanical uses.
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Key Market Trends and Drivers
Several macroeconomic and industry-specific factors are shaping the trajectory of the HSS market. One of the primary drivers is the surge in global construction and infrastructure development, particularly in emerging economies where rapid urbanization and industrial growth are fueling demand for reliable, high-performance building materials. HSS is increasingly favored due to its efficiency, versatility, and compatibility with both traditional and modern architectural designs.
Technological advancements also play a significant role in market growth. Innovations in welding technology, steel processing, and structural engineering have made HSS more durable, corrosion-resistant, and sustainable. Furthermore, the move towards prefabrication and modular construction, which rely heavily on standardized structural materials like HSS, is reinforcing its market demand. These methods offer shorter construction timelines and cost efficiencies while supporting environmentally friendly practices.
Government initiatives promoting sustainable development and green construction practices further boost the adoption of HSS. With global regulatory shifts toward reducing the carbon footprint in construction, builders and architects are increasingly opting for recyclable and energy-efficient materials, with HSS meeting many of these criteria.
Market Segmentation Analysis
By Product Type
- Square Hollow Sections dominate the market, holding approximately 40% market share. Their popularity is largely due to their widespread use in structural frameworks, bridges, and commercial infrastructure, where strength and stability are critical.
- Rectangular Hollow Sections, accounting for 35%, offer more flexibility in design and are used extensively in architectural and infrastructure projects. Their appeal lies in their clean lines and adaptability to both horizontal and vertical construction needs.
- Circular Hollow Sections, with 25% market share, are frequently employed in applications requiring torsional strength and resistance to dynamic loads, such as pipelines, scaffolding, and transportation infrastructure.
By Material Type
- Steel remains the dominant material, representing nearly 70% of the HSS market. It is favored for its strength, availability, cost-effectiveness, and innovations in high-strength, low-alloy variants that improve structural performance.
- Aluminum is gaining ground, currently holding 20% market share, driven by its lightweight properties and resistance to corrosion. It’s increasingly used in automotive and energy-related applications where weight reduction is key.
- Other Materials, including composite materials, account for the remaining 10%. While still nascent, this segment offers long-term potential in specialized or niche sectors due to ongoing research in alternative structural materials.
By End-Use Industry
- Construction leads all sectors, consuming about 60% of total HSS demand. The segment’s robust growth stems from rising investments in residential, commercial, and industrial projects globally, supported by urban expansion and housing development.
- Manufacturing follows, accounting for 15%, where HSS is used in equipment, storage systems, and vehicle frames. Automation and capital upgrades in the manufacturing sector further support demand.
- Automotive represents around 10%, with hollow sections being integral to chassis design and lightweighting strategies, especially as electric vehicle (EV) manufacturing accelerates.
- Infrastructure and Energy collectively comprise the remaining 15%, where HSS is employed in power plants, energy grids, and renewable projects like wind and solar farms, reflecting growing investment in sustainable energy infrastructure.
By Distribution Channel
- Direct Sales channels account for 50% of market distribution, preferred by large-scale contractors and manufacturers seeking bulk purchases and long-term supplier relationships.
- Online Sales, growing rapidly, now make up about 25%. Improved digital procurement platforms and the convenience of remote ordering are making online channels increasingly popular.
- Distributors and Wholesalers also contribute 25%, especially in fragmented or emerging markets where localized sales and support are essential for customer acquisition.
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Market Segmentation
Product Type
– Square Hollow Sections
– Rectangular Hollow Sections
– Circular Hollow Sections
Material Type
– Steel
– Aluminum
– Other Materials
End-Use Industry
– Construction
– Manufacturing
– Automotive
– Infrastructure
– Energy
– Marine
Distribution Channel
– Direct Sales
– Online Sales
– Distributors/Wholesalers
Geography
– North America
– Europe
– Asia-Pacific
– Latin America
– Middle East & Africa
Regional Market Insights
The …