Global Steel Wire Market to Reach $186 Billion by 2030
The global market for Steel Wire estimated at US$98.7 Billion in the year 2022, is projected to reach a revised size of US$186 Billion by 2030, growing at a CAGR of 8.2% over the analysis period 2022-2030. Carbon Steel, one of the segments analyzed in the report, is projected to record 8% CAGR and reach US$137.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Stainless Steel segment is readjusted to a revised 7% CAGR for the next 8-year period.The U.S. Market is Estimated at $26.9 Billion, While China is Forecast to Grow at 13.4% CAGR
The Steel Wire market in the U.S. is estimated at US$26.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$45.2 Billion by the year 2030 trailing a CAGR of 13.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 6.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.Select Competitors (Total 182 Featured) -
- Ansteel Group Corporation Limited
- ArcelorMittal S.A
- Bridon International Ltd.
- China Baowu Steel Group Corporation Limited
- Davis Wire Corporation
- Gerdau S.A.
- HBIS Group
- Heico Wire Group
- Insteel Industries, Inc.
- JFE Steel Corporation
- Jiangsu Shagang Group
- Kobe Steel, Ltd.
- Leggett & Platt® Inc.
- National Standard
- Nippon Steel & Sumitomo Metal Corporation
- NV Bekaert SA
- POSCO
- Shougang Corporation
- Tata Steel Group
- thyssenkrupp Steel Europe AG
- Tree Island Industries Ltd.
- Usha Martin Limited
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- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Report Attribute | Details |
---|---|
No. of Pages | 263 |
Published | March 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 90.2 Billion |
Forecasted Market Value ( USD | $ 146.3 Billion |
Compound Annual Growth Rate | 7.2% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARYIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
A selection of companies mentioned in this report includes:
- Ansteel Group Corporation Limited
- ArcelorMittal S.A
- Bridon International Ltd.
- China Baowu Steel Group Corporation Limited
- Davis Wire Corporation
- Gerdau S.A.
- HBIS Group
- Heico Wire Group
- Insteel Industries, Inc.
- JFE Steel Corporation
- Jiangsu Shagang Group
- Kobe Steel, Ltd.
- Leggett & Platt® Inc.
- National Standard
- Nippon Steel & Sumitomo Metal Corporation
- NV Bekaert SA
- POSCO
- Shougang Corporation
- Tata Steel Group
- thyssenkrupp Steel Europe AG
- Tree Island Industries Ltd.
- Usha Martin Limited