PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1631717
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1631717
Global Steel Wire Market Size Study, by Form (Non-Rope, Rope), Type (Carbon Steel, Alloy Steel, Stainless Steel), End Use Industry (Construction, Automotive, Energy, Agriculture, Industrial), and Regional Forecasts 2022-2032
The global Steel Wire market, valued at approximately USD 110.98 billion in 2023, is anticipated to grow at a compound annual growth rate (CAGR) of 6.00% during the forecast period 2024-2032. Steel wire, an essential component across various industries, is celebrated for its versatility, durability, and adaptability to diverse applications. Its usage spans from robust construction projects to intricate automotive systems, showcasing its pivotal role in modern infrastructure and manufacturing landscapes. Steel wire's demand is fueled by its mechanical properties, corrosion resistance, and the increasing preference for high-strength materials in industrial and commercial applications.
The market is driven by robust infrastructure development globally, alongside rapid advancements in automotive and energy sectors. Emerging economies are intensifying their infrastructure investments, further bolstering demand for steel wire in construction and industrial machinery. Moreover, innovations in alloy and stainless steel wire are enhancing performance characteristics, catering to specific applications such as suspension systems and energy transmission. However, market growth may be impeded by challenges such as price volatility of raw materials and environmental concerns related to steel production processes.
Geographically, North America and Europe remain dominant markets due to their established construction and automotive industries, coupled with increasing adoption of energy-efficient solutions. Meanwhile, the Asia Pacific region is poised for the highest growth, driven by rapid urbanization, expanding manufacturing sectors, and substantial infrastructure projects in countries like China and India. Latin America and the Middle East & Africa regions are also witnessing steady growth, attributed to investments in energy and agricultural advancements.
Major market players included in this report are:
- ArcelorMittal
- Nippon Steel Corporation
- Bekaert
- Tata Steel
- Kobe Steel, Ltd.
- Insteel Industries, Inc.
- Bridon-Bekaert Ropes Group
- WireCo WorldGroup
- Shagang Group
- JFE Steel Corporation
- Zhejiang Junma Steel Wire Co., Ltd.
- The Heico Companies LLC
- Usha Martin
- Kiswire Ltd.
- Emirates Steel Industries
The detailed segments and sub-segments of the market are explained below:
By Form
- Non-Rope
- Rope
By Type
- Carbon Steel
- Alloy Steel
- Stainless Steel
By End Use Industry
- Construction
- Automotive
- Energy
- Agriculture
- Industrial
By Thickness
- [Add specific thickness ranges if required]
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Comprehensive market estimates and forecasts for 10 years (2022-2032).
- Regional-level analysis covering major global markets.
- In-depth segmentation to identify opportunities across diverse applications.
- Competitive insights featuring profiles and strategic initiatives of leading players.
- Recommendations for market stakeholders to capitalize on emerging opportunities.
- Insights into supply chain dynamics and demand drivers.
Table of Contents
Chapter 1. Global Steel Wire Market Executive Summary
- 1.1. Global Steel Wire Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Form
- 1.3.1.1. Non-Rope
- 1.3.1.2. Rope
- 1.3.2. By Type
- 1.3.2.1. Carbon Steel
- 1.3.2.2. Alloy Steel
- 1.3.2.3. Stainless Steel
- 1.3.3. By End Use Industry
- 1.3.3.1. Construction
- 1.3.3.2. Automotive
- 1.3.3.3. Energy
- 1.3.3.4. Agriculture
- 1.3.3.5. Industrial
- 1.3.4. By Thickness
- 1.3.1. By Form
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Steel Wire Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory Frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Steel Wire Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Robust Infrastructure Development
- 3.1.2. Advancements in Automotive and Energy Sectors
- 3.1.3. Innovations in Alloy and Stainless Steel Wire
- 3.2. Market Challenges
- 3.2.1. Price Volatility of Raw Materials
- 3.2.2. Environmental Concerns in Steel Production
- 3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Growth in Industrial Machinery Applications
- 3.3.3. Technological Innovations in Steel Wire Manufacturing
Chapter 4. Global Steel Wire Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunities
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Steel Wire Market Size & Forecasts by Form 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Steel Wire Market: Form Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Non-Rope
- 5.2.2. Rope
Chapter 6. Global Steel Wire Market Size & Forecasts by Type 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Steel Wire Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Carbon Steel
- 6.2.2. Alloy Steel
- 6.2.3. Stainless Steel
Chapter 7. Global Steel Wire Market Size & Forecasts by End Use Industry 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Steel Wire Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Construction
- 7.2.2. Automotive
- 7.2.3. Energy
- 7.2.4. Agriculture
- 7.2.5. Industrial
Chapter 8. Global Steel Wire Market Size & Forecasts by Thickness 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Steel Wire Market: Thickness Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 8.2.1. [Specify Thickness Range]
- 8.2.2. [Specify Thickness Range]
- 8.2.3. [Specify Thickness Range]
Chapter 9. Global Steel Wire Market Size & Forecasts by Region 2022-2032
- 9.1. North America Steel Wire Market
- 9.1.1. U.S. Steel Wire Market
- 9.1.1.1. Form Breakdown Size & Forecasts, 2022-2032
- 9.1.1.2. Type Breakdown Size & Forecasts, 2022-2032
- 9.1.1.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 9.1.2. Canada Steel Wire Market
- 9.1.2.1. Form Breakdown Size & Forecasts, 2022-2032
- 9.1.2.2. Type Breakdown Size & Forecasts, 2022-2032
- 9.1.2.3. End Use Industry Breakdown Size & Forecasts, 2022-2032
- 9.1.1. U.S. Steel Wire Market
- 9.2. Europe Steel Wire Market
- 9.2.1. UK Steel Wire Market
- 9.2.2. Germany Steel Wire Market
- 9.2.3. France Steel Wire Market
- 9.2.4. Spain Steel Wire Market
- 9.2.5. Italy Steel Wire Market
- 9.2.6. Rest of Europe Steel Wire Market
- 9.3. Asia-Pacific Steel Wire Market
- 9.3.1. China Steel Wire Market
- 9.3.2. India Steel Wire Market
- 9.3.3. Japan Steel Wire Market
- 9.3.4. Australia Steel Wire Market
- 9.3.5. South Korea Steel Wire Market
- 9.3.6. Rest of Asia Pacific Steel Wire Market
- 9.4. Latin America Steel Wire Market
- 9.4.1. Brazil Steel Wire Market
- 9.4.2. Mexico Steel Wire Market
- 9.4.3. Rest of Latin America Steel Wire Market
- 9.5. Middle East & Africa Steel Wire Market
- 9.5.1. Saudi Arabia Steel Wire Market
- 9.5.2. South Africa Steel Wire Market
- 9.5.3. Rest of Middle East & Africa Steel Wire Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.1.1. ArcelorMittal
- 10.1.2. Nippon Steel Corporation
- 10.1.3. Bekaert
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. ArcelorMittal
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Nippon Steel Corporation
- 10.3.3. Bekaert
- 10.3.4. Tata Steel
- 10.3.5. Kobe Steel, Ltd.
- 10.3.6. Insteel Industries, Inc.
- 10.3.7. Bridon-Bekaert Ropes Group
- 10.3.8. WireCo WorldGroup
- 10.3.9. Shagang Group
- 10.3.10. JFE Steel Corporation
- 10.3.1. ArcelorMittal
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
