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Global Steel Wire Market

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    Report

  • 248 Pages
  • November 2023
  • Region: Global
  • Astute Analytica
  • ID: 5969530
Description Jump to:

Global Steel Wire Market: Soaring to US$ 179.85 Bn by 2030 with a Robust CAGR of 11.11%

The global steel wire market, valued at US$ 79.09 Bn in 2022, is forecasted to surge to US$ 179.85 Bn by 2030, exhibiting a CAGR of 11.11%. The market's volume in 2022 stood at 81.25 million tons, indicating a robust demand across various industries.

Growth Influencers:

The market's growth is primarily driven by the burgeoning construction industry and an escalating demand from the automotive sector. The versatility and strength of steel wire make it indispensable in these industries. However, fluctuations in raw material prices and the availability of substitutes pose challenges to market growth.

Segment Overview:

The market is segmented by type, form, coating type, thickness, and end-user.

By Type

  • Carbon Steel
  • Alloy Steel
  • Stainless Steel

By Form

  • Rope
  • Non- Rope

By Coating Type

  • PVC
  • Zinc
  • Aluminum Alloy
  • Stainless Steel
  • Others

By Thickness

  • 0.01 mm to 0.8 mm
  • 0.8 mm to 1.6 mm
  • 1.6 mm to 4 mm
  • 4 mm & above

By End User

  • Oil and Gas
  • Aerospace
  • Mining
  • Manufacturing
  • Automotive
  • Construction
  • Agriculture
  • Entertainment
  • Others
The market's largest segment, ropes, with over 58% share, is pivotal in construction and heavy lifting. The zinc coating segment leads due to its corrosion resistance, making it ideal for outdoor use. The 0.8 mm to 1.6 mm thickness segment is expected to surpass US$ 58 Bn by 2027, balancing strength and flexibility. The manufacturing sector is witnessing the fastest growth, while construction remains the largest end-user, propelled by global infrastructure expansion.

Regional Overview:

Geographically, the market spans across North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America

  • US
  • Canada
  • Mexico

Europe

  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia & NZ
  • ASEAN
  • Rest of APAC
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa

South America

  • Brazil
  • Argentina
  • Rest of South America
Regionally, Asia Pacific dominates with over 50% market share, driven by rapid industrialization in China and India. North America and Europe also contribute significantly, bolstered by steady industrial and automotive growth. Key market players like ArcelorMittal and Bekaert SA are at the forefront, shaping market dynamics through innovation and product development. The market's expansion is primarily hindered by fluctuating raw material prices and the availability of substitutes.

Competitive Landscape:

Key players like ArcelorMittal, Bekaert SA, and China Baowu Group dominate the market, collectively shaping industry trends and innovations. These companies, along with others such as JFE Steel Corporation and Nippon Steel, are crucial in driving the market forward.

Report Insights:

  • The steel wire market is on a trajectory to reach US$ 179.85 Bn by 2030.
  • Construction and automotive sectors are pivotal in fueling market growth.
  • Stainless steel and zinc-coated wires are significant segments to watch.

Asia Pacific

's dominance in the market is marked by rapid industrial growth.

Questions to be Answered:

  • What factors are propelling the global steel wire market?
  • Which segments are witnessing the highest growth?
  • How is the Asia Pacific region influencing global market trends?
  • What role do major companies play in the market dynamics?

Table of Contents

Chapter 1. Research Framework
1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation
Chapter 2. Research Methodology
2.1. Qualitative Research
2.1.1. Primary & Secondary Sources
2.2. Quantitative Research
2.2.1. Primary & Secondary Sources
2.3. Breakdown of Primary Research Respondents, By Region
2.4. Assumption for the Study
2.5. Market Size Estimation
2.6. Data Triangulation
Chapter 3. Executive Summary: Global Steel Wire Market
Chapter 4. Global Steel Wire Market Overview
4.1. Industry Value Chain Analysis
4.1.1. Raw Material Provider
4.1.2. Manufacturer
4.1.3. Distributer
4.1.4. End User
4.2. Industry Outlook
4.2.1. Top steel - producing countries, 2021 (Mn Tons)
4.2.2 Steel consumption by country per capita 2021 (kilograms)
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of Substitutes
4.3.4. Threat of New Entrants
4.3.5. Degree of Competition
4.4. Market Dynamics and Trends
4.4.1. Growth Drivers
4.4.2. Restraints
4.4.3. Challenges
4.4.4. Key Trends
4.5. COVID-19 Impact Assessment on Market Growth Trend
4.6. Market Growth and Outlook
4.6.1. Market Revenue Estimates and Forecast (US$ Bn), 2017 - 2030
4.6.2 Market Volume Estimates and Forecast (Mn Tons), 2017 - 2030
4.6.2. Pricing Analysis
4.7. Competition Dashboard
4.7.1. Market Concentration Rate
4.7.2. Company Market Share Analysis (Value %), 2021
4.7.3. Competitor Mapping
Chapter 5. Global Steel Wire Market, By Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
5.2.1. Carbon Steel
5.2.2. Alloy Steel
5.2.3. Stainless Steel
Chapter 6. Global Steel Wire Market, By Form
6.1. Key Insights
6.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
6.2.1. Rope
6.2.2. Non- Rope
Chapter 7. Global Steel Wire Market, By Coating Type
7.1. Key Insights
7.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
7.2.1. PVC
7.2.2. Zinc
7.2.3. Aluminum Alloy
7.2.4. Stainless Steel
7.2.5. Others
Chapter 8. Global Steel Wire Market, By Thickness
8.1. Key Insights
8.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
8.2.1. 0.01 mm to 0.8 mm
8.2.2. 0.8 mm to 1.6 mm
8.2.3. 1.6 mm to 4 mm
8.2.4. 4 mm & above
Chapter 9. Global Steel Wire Market, By End User
9.1. Key Insights
9.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
9.2.1. Oil and Gas
9.2.2. Aerospace
9.2.3. Mining
9.2.4. Manufacturing
9.2.5. Automotive
9.2.6. Construction
9.2.7. Agriculture
9.2.8. Entertainment
9.2.9. Others
Chapter 10. Global Steel Wire Market, By Region
10.1. Key Insights
10.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
10.2.1. North America
10.2.1.1. The U.S.
10.2.1.2. Canada
10.2.1.3. Mexico
10.2.2. Europe
10.2.2.1. Western Europe
10.2.2.1.1. The UK
10.2.2.1.2. Germany
10.2.2.1.3. France
10.2.2.1.4. Italy
10.2.2.1.5. Spain
10.2.2.1.6. Rest of Western Europe
10.2.2.2. Eastern Europe
10.2.2.2.1. Poland
10.2.2.2.2. Russia
10.2.2.2.3. Rest of Eastern Europe
10.2.3. Asia Pacific
10.2.3.1. China
10.2.3.2. India
10.2.3.3. Japan
10.2.3.4. Australia & New Zealand
10.2.3.5. ASEAN
10.2.3.6. Rest of Asia Pacific
10.2.4. Middle East & Africa
10.2.4.1. UAE
10.2.4.2. Saudi Arabia
10.2.4.3. South Africa
10.2.4.4. Rest of MEA
10.2.5. South America
10.2.5.1. Argentina
10.2.5.2. Brazil
10.2.5.3. Rest of South America
Chapter 11. North America Steel Wire Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
11.2.1. By Type
11.2.2. By Form
11.2.3. By Coating Type
11.2.4. By Thickness
11.2.5. By End User
11.2.6. By Country
Chapter 12. Europe Steel Wire Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
12.2.1. By Type
12.2.2. By Form
12.2.3. By Coating Type
12.2.4. By Thickness
12.2.5. By End User
12.2.6. By Country
Chapter 13. Asia Pacific Steel Wire Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
13.2.1. By Type
13.2.2. By Form
13.2.3. By Coating Type
13.2.4. By Thickness
13.2.5. By End User
13.2.6. By Country
Chapter 14. Middle East & Africa Steel Wire Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
14.2.1. By Type
14.2.2. By Form
14.2.3. By Coating Type
14.2.4. By Thickness
14.2.5. By End User
14.2.6. By Country
Chapter 15. South America Steel Wire Market Analysis
15.1. Key Insights
15.2. Market Size and Forecast, 2017 - 2030 (US$ Bn & Mn Tons)
15.2.1. By Type
15.2.2. By Form
15.2.3. By Coating Type
15.2.4. By Thickness
15.2.5. By End User
15.2.6. By Country
Chapter 16. Company Profile (Company Overview, Sales Composition Ratio, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook )
16.1. ArcelorMittal
16.2. Bekaert SA
16.3. Bharat Wire Ropes Limited
16.4. China Baowu Group
16.5. CSN Steel
16.6. Ferrier Nord
16.7. Gustav Wolf GmbH
16.8. HBIS Group
16.9. JFE Steel Corporation
16.10. Jianglin Stainless
16.11. JSW Steel Ltd.
16.12. Kobe Steel, Ltd.
16.13. Nippon Steel
16.14. POSCO
16.15. SHAGANG GROUP Inc.
16.16. TATA Steel Limited
16.17. Teufelberger
16.18. Usha Martin
16.19. Other Prominent Players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • ArcelorMittal
  • Bekaert SA
  • Bharat Wire Ropes Limited
  • China Baowu Group
  • CSN Steel
  • Ferrier Nord
  • Gustav Wolf GmbH
  • HBIS Group
  • JFE Steel Corporation
  • Jianglin Stainless
  • JSW Steel Ltd.
  • Kobe Steel, Ltd.
  • Nippon Steel
  • POSCO
  • SHAGANG GROUP Inc.
  • TATA Steel Limited
  • Teufelberger
  • Usha Martin

Table Information

Report AttributeDetails
No. of Pages248
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 79.09 Billion
Forecasted Market Value ( USD ) by 2030 $ 179.85 Billion
Compound Annual Growth Rate11.1%
Regions CoveredGlobal

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