Dublin, March 13, 2023 (GLOBE NEWSWIRE) -- The "Steel Wire: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Steel Wire Market to Reach $186 Billion by 2030
In the changed post COVID-19 business landscape, 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 for 2023?
- 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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 263 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value (USD) in 2020 | $90.2 Billion |
| Forecasted Market Value (USD) by 2027 | $146.3 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Globalization & Rationalization - A Surviving Strategy
- Outlook for the Steel Industry
- Emerging Economies to Considerably Impel Global Steel Demand
- Improving Economy Buoys General Market Optimism
- Steel Industry Fortunes Intrinsically Tied to Construction Industry Dynamics
- Increase in Automotive Production to Boost Market Prospects for Steel Wire
- Oil & Gas Sector - Dynamic as Ever
- Excess Production Results in Low Oil Prices
- Steadily Increasing Prices Result in Higher Rig Counts in 2017 & 2018
- Transition in Wafer Fabrication Technology to Add to the Growth in Steel Wire Market
- Developing Countries Continue to Drive Growth Opportunities in the Market
- Cost Efficient Manufacturing in Focus
- High-Quality Steel Wire Rods in Demand for Production of Steel Wires
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/810nrf
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