Steel Wire: Global Strategic Business Report

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

What's New?

• 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
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year