Hot Rolled Coil Steel Trends and Forecast
The future of the global hot rolled coil steel market looks promising with opportunities in the construction, transportation, energy, and machinery markets. The global hot rolled coil steel market is expected to reach an estimated $224.3 billion by 2030 with a CAGR of 4.6% from 2024 to 2030. The major drivers for this market are growing infrastructural investment and industrialization, expanding automation sector in South Korea, Japan, China, India, and other rising Asian countries, as well as, increasing focus on energy efficiency and rising sale of electric vehicles.Hot Rolled Coil Steel by Segment
The study includes a forecast for the global hot rolled coil steel by type, application, and region.Hot Rolled Coil Steel Market by Type [Shipment Analysis by Value from 2018 to 2030]
- Hot-Rolled Coils (Thickness Less Than 3 MM)
- Hot-Rolled Coils (Thickness Greater Than 3 MM)
Hot Rolled Coil Steel Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Construction
- Transportation
- Energy
- Machinery
- Others
Hot Rolled Coil Steel Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Hot Rolled Coil Steel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hot rolled coil steel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hot rolled coil steel companies profiled in this report include-- ArcelorMittal
- China Baowu Steel Group
- Nippon Steel and Sumitomo Metal
- JFE Steel
- Ansteel Group
- Tata Steel
- Hesteel Group
- POSCO
- Nucor
- Benxi Steel Group
Hot Rolled Coil Steel Market Insights
The publisher forecasts that hot-rolled coils (thickness greater than 3 mm) is expected to witness the highest growth over the forecast period because of the wider range of applications for thicker hot-rolled coils, including construction, manufacturing, and infrastructure development.APAC will remain the largest region over the forecast period due to expansion of manufacturing, rising demand for automobiles, and an increase in regional infrastructure development spending in the region.
Features of the Global Hot Rolled Coil Steel Market
- Market Size Estimates: Hot rolled coil steel market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Hot rolled coil steel market size by type, application, and region in terms of value ($B).
- Regional Analysis: Hot rolled coil steel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the hot rolled coil steel market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hot rolled coil steel market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the hot rolled coil steel market size?Answer: The global hot rolled coil steel market is expected to reach an estimated $224.3 billion by 2030.
Q2. What is the growth forecast for hot rolled coil steel market?
Answer: The global hot rolled coil steel market is expected to grow with a CAGR of 4.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the hot rolled coil steel market?
Answer: The major drivers for this market are growing infrastructural investment and industrialization, expanding automation sector in South Korea, Japan, China, India, and other rising Asian countries, as well as, increasing focus on energy efficiency and rising sale of electric vehicles.
Q4. What are the major segments for hot rolled coil steel market?
Answer: The future of the global hot rolled coil steel market looks promising with opportunities in the construction, transportation, energy, and machinery markets.
Q5. Who are the key hot rolled coil steel market companies?
Answer: Some of the key hot rolled coil steel companies are as follows:
- ArcelorMittal
- China Baowu Steel Group
- Nippon Steel and Sumitomo Metal
- JFE Steel
- Ansteel Group
- Tata Steel
- Hesteel Group
- POSCO
- Nucor
- Benxi Steel Group
Answer: The publisher forecasts that hot-rolled coils (thickness greater than 3 mm) is expected to witness the highest growth over the forecast period because of the wider range of applications for thicker hot-rolled coils, including construction, manufacturing, and infrastructure development.
Q7. In hot rolled coil steel market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to expansion of manufacturing, rising demand for automobiles, and an increase in regional infrastructure development spending in the region.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hot rolled coil steel market by type (hot-rolled coils (thickness less than 3 mm) and hot-rolled coils (thickness greater than 3 mm)), application (construction, transportation, energy, machinery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Hot Rolled Coil Steel Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ArcelorMittal
- China Baowu Steel Group
- Nippon Steel and Sumitomo Metal
- JFE Steel
- Ansteel Group
- Tata Steel
- Hesteel Group
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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