Factors affecting the market development of steel construction

Abstract

Purpose: The steel construction market has undergone gradual development in the past decades given its profound impacts on environment, economy and society. The purpose of this paper is to facilitate a better understanding of the major drivers and issues behind the market development of the steel construction industries around the world. Design/methodology/approach: A three-step desktop research was conducted to select relevant research outputs published in the past 20 years. The research methodology in conducting these studies and their research trends were analyzed. Then the potential influencing factors for the market development of steel construction were identified through a content analysis of the selected studies. Findings: A total of 59 articles were identified accordingly. These influencing factors were divided into five main themes: contextual, institutional, industrial, project-related and individual factors. In terms of the frequencies of these factors appeared in previous studies, “continuous development of standards, codes, and specifications” and “advance in product and process technology” were the top two driving forces in the market development of steel construction, while “cost issues” was the most frequently reported obstacle. Originality/value: The study takes an initiative to establish a practical classification framework that can be dedicated to illuminating the critical issues or success factors affecting the development of the steel construction market. This framework can help policymakers, industry practitioners and researchers achieve sustaining success in steel construction in the developed, emerging and inactive markets.