Steel Strapping Market Insights Video

According to Cognitive Market Research, the global Steel Strapping market size was USD 1251.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.60% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 500.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 375.45 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 287.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 62.58 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 25.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2031.
• The building category is the fastest growing segment of the Steel Strapping industry