PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566063
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1566063
India Hot Rolled and Cold Rolled Steel Market, By Type; By Form; By Application; By End User, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Hot Rolled and Cold Rolled Steel Market Size Booming at Solid CAGR of 8.5% During 2024-2030
India Hot Rolled and Cold Rolled Steel Market is flourishing due to rapid urbanization across the country, coupled with a surge in infrastructure development projects and industrialization across various sectors.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India Hot Rolled and Cold Rolled Steel Market size to expand at a CAGR of 8.5% during the forecast period between 2024 and 2030. The Hot Rolled and Cold Rolled Steel Market in India is propelled by an increasing affordability of hot-rolled steel. Automation's steady march across industries has amplified demand for both hot and cold-rolled steel. The expanding middle class, with its rising disposable income, has fueled the automotive sector, further bolstering market growth. Government initiatives like "Make in India" have accelerated infrastructure development, creating a surge in demand for high-quality steel products. India's robust economic growth, coupled with investments in manufacturing and infrastructure, has solidified the market's upward trajectory. Supply dynamics are intricately linked to the availability of raw materials like iron ore and coal. The capacity of domestic steel giants, such as AM/NS in Hazira, is instrumental in ensuring a steady and cost-effective supply of steel to diverse industries.
Opportunity - Increasing Investments in Sustainable Steel Production Practices
Investing in sustainable steel production practices presents a significant opportunity for the India Hot Rolled and Cold Rolled Steel Market, especially as the steel industry grapples with its substantial carbon footprint, accounting for about 12% of India's total CO2 emissions. With the Ministry of Steel (MoS) urging stakeholders to prepare action plans for emission reductions in line with the government's COP26 commitments, the focus has shifted towards adopting advanced technologies and sustainable practices. Initiatives such as the Charter on Corporate Responsibility for Environment Protection (CREP) and the National Action Plan on Climate Change (NAPCC) are pivotal in facilitating this transition. Notably, the industry has begun implementing cutting-edge technologies, including Coke Dry Quenching (CDQ) and the Direct Rolling Process, which not only enhance energy efficiency but also significantly reduce greenhouse gas emissions. Companies like JSW Steel and Tata Steel are already taking commendable steps towards carbon neutrality by investing in renewable energy sources and innovative carbon capture technologies. As the demand for cleaner products rises, the steel industry's commitment to sustainability becomes paramount, making investments in green practices not just a regulatory necessity but a strategic opportunity to align with global standards and meet consumer expectations in a rapidly evolving market.
North India Leading India Hot Rolled and Cold Rolled Steel Market
The northern region of India, encompassing Uttar Pradesh, Haryana, Punjab, Rajasthan, and Delhi, reigns supreme in the Steel Market. Rapid industrialization, infrastructure development, and robust economic growth have propelled this region to the forefront. As a major manufacturing hub, North India's voracious appetite for steel fuels demand across automotive, construction, and engineering sectors. Megaprojects like the Delhi-Mumbai Industrial Corridor and expanding metro networks further amplify steel consumption. Moreover, the region's proximity to raw materials and supportive government policies solidify its dominance in India Hot Rolled and Cold Rolled Steel Market.
Impact of Escalating Geopolitical Tensions on India Hot Rolled and Cold Rolled Steel Market
India Hot Rolled and Cold Rolled Steel Market may face significant challenges from intensifying geopolitical tensions across the world. Trade disputes, tariffs, and sanctions often emerge from these tensions, disrupting supply chains and inflating the cost of raw materials. Moreover, the uncertainty in international relations can deter foreign investors, undermining market confidence and hindering production capacity. As companies grapple with these challenges, fluctuations in demand can further exacerbate market dynamics. In essence, geopolitical instability poses a significant threat to the growth trajectory of these critical steel sectors in India.
Competitive Landscape
India Hot Rolled and Cold Rolled Steel Market is fragmented, with numerous players serving the market. The key players dominating India Hot Rolled and Cold Rolled Steel Market include Sambhv Steel, Doshi Steel Group, Sonic Steel, Shree Mahalaxmi Steel Industries, JSW Steel, Tata Steel, AM/NS INDIA, V. K. Industrial Corporation Ltd., Jindal Steel & Power Ltd (JSP), and JSW Steel. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and India Hot Rolled and Cold Rolled Steel Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Hot Rolled and Cold Rolled Steel Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Hot Rolled and Cold Rolled Steel Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Infrastructure development in India
- 3.2.1.2. Rapid industrialization across various sectors
- 3.2.1.3. Increasing urbanization rate in India
- 3.2.2. Restraints
- 3.2.2.1. Fluctuating raw material prices
- 3.2.2.2. Growing concerns about steel production's environmental impact
- 3.2.2.3. Shortage of skilled labor in the steel industry
- 3.2.3. Opportunities
- 3.2.3.1. Focusing on producing value-added steel products
- 3.2.3.2. Adopting advanced technologies like electric arc furnaces and continuous casting
- 3.2.3.3. Investing in sustainable steel production practices
- 3.2.4. Challenges
- 3.2.4.1. Inadequate infrastructure, such as transportation and logistics
- 3.2.4.2. Complex regulatory frameworks and bureaucratic procedures
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Hot Rolled and Cold Rolled Steel Market: Marketing Strategies
5. India Hot Rolled and Cold Rolled Steel Market: Pricing Analysis
6. India Hot Rolled and Cold Rolled Steel Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Hot Rolled Steel
- 6.2.1.2. Cold Rolled Steel
- 6.2.2. By Form
- 6.2.2.1. Steel Plate
- 6.2.2.2. Steel Coil
- 6.2.2.3. Flat
- 6.2.2.4. Others
- 6.2.3. By Application
- 6.2.3.1. Automotive
- 6.2.3.2. Construction
- 6.2.3.3. Appliances
- 6.2.3.4. Heavy Equipment
- 6.2.3.5. Packaging
- 6.2.3.6. Others
- 6.2.4. By End User
- 6.2.4.1. Infrastructure
- 6.2.4.2. Building & Construction
- 6.2.4.3. Manufacturing
- 6.2.4.4. Energy
- 6.2.4.5. Others
- 6.2.5. By Region
- 6.2.5.1. North India
- 6.2.5.2. South India
- 6.2.5.3. East India
- 6.2.5.4. West India
- 6.2.1. By Type
7. North India Hot Rolled and Cold Rolled Steel Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Form
- 7.2.3. By Application
- 7.2.4. By End User
8. South India Hot Rolled and Cold Rolled Steel Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Form
- 8.2.3. By Application
- 8.2.4. By End User
9. East India Hot Rolled and Cold Rolled Steel Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Form
- 9.2.3. By Application
- 9.2.4. By End User
10. West India Hot Rolled and Cold Rolled Steel Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Form
- 10.2.3. By Application
- 10.2.4. By End User
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Hot Rolled and Cold Rolled Steel Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operation Channel Parameters
- 11.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions on India Hot Rolled and Cold Rolled Steel Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Sambhv Steel
- 13.2. Doshi Steel Group
- 13.3. Sonic Steel
- 13.4. Shree Mahalaxmi Steel Industries
- 13.5. JSW Steel
- 13.6. Tata Steel
- 13.7. AM/NS INDIA
- 13.8. V. K. Industrial Corporation Ltd
- 13.9. Jindal Steel & Power Ltd (JSP)
- 13.10. JSW Steel
- 13.11. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumption & Limitation
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 India Hot Rolled and Cold Rolled Steel Market Segmentation
- Figure 2 India Hot Rolled and Cold Rolled Steel Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Figure 5 India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 6 India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Figure 7 India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 8 India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 9 India Hot Rolled and Cold Rolled Steel Market Share, By Region, By Value (USD Billion) 2019-2030
- Figure 10 North India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Figure 11 North India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 12 North India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Figure 13 North India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 14 North India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 15 South India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Figure 16 South India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 17 South India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Figure 18 South India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 19 South India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 20 East India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Figure 21 East India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 22 East India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Figure 23 East India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 24 East India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Figure 25 West India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Figure 26 West India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Figure 27 West India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Figure 28 West India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Figure 29 West India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
List of Tables
- Table 1 India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Table 2 India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 3 India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Table 4 India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 5 India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 6 India Hot Rolled and Cold Rolled Steel Market Share, By Region, By Value (USD Billion) 2019-2030
- Table 7 North India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Table 8 North India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 9 North India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Table 10 North India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 11 North India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 12 South India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Table 13 South India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 14 South India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Table 15 South India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 16 South India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 17 East India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Table 18 East India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 19 East India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Table 20 East India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 21 East India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 22 West India Hot Rolled and Cold Rolled Steel Market Size, By Value (USD Billion), 2019-2030
- Table 23 West India Hot Rolled and Cold Rolled Steel Market Share, By Type, By Value (USD Billion) 2019-2030
- Table 24 West India Hot Rolled and Cold Rolled Steel Market Share, By Form, By Value (USD Billion) 2019-2030
- Table 25 West India Hot Rolled and Cold Rolled Steel Market Share, By Application, By Value (USD Billion) 2019-2030
- Table 26 West India Hot Rolled and Cold Rolled Steel Market Share, By End User, By Value (USD Billion) 2019-2030
- Table 27 Sambhv Steel Company Overview
- Table 28 Sambhv Steel Financial Overview
- Table 29 Doshi Steel Group Company Overview
- Table 30 Doshi Steel Group Financial Overview
- Table 31 Sonic Steel Company Overview
- Table 32 Sonic Steel Financial Overview
- Table 33 Shree Mahalaxmi Steel Industries Company Overview
- Table 34 Shree Mahalaxmi Steel Industries Financial Overview
- Table 35 JSW Steel Company Overview
- Table 36 JSW Steel Financial Overview
- Table 37 Tata Steel Company Overview
- Table 38 Tata Steel Financial Overview
- Table 39 AM/NS INDIA Company Overview
- Table 40 AM/NS INDIA Financial Overview
- Table 41 V. K. Industrial Corporation Ltd Company Overview
- Table 42 V. K. Industrial Corporation Ltd Financial Overview
- Table 43 Jindal Steel & Power Ltd (JSP) Company Overview
- Table 44 Jindal Steel & Power Ltd (JSP) Financial Overview
- Table 45 JSW Steel Company Overview
- Table 46 JSW Steel Financial Overview
