Global Steel Wire Market 2024-2028

The steel wire market is forecasted to grow by USD 28.78 bn during 2023-2028, accelerating at a CAGR of 4.69% during the forecast period. The report on the steel wire market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of the automotive sector, increasing construction activities in developing countries, and rising demand and usage of steel wire from the oil and gas industry.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	4.18%
CAGR	4.69%
Incremental Value	$28.78bn

Technavio's steel wire market is segmented as below:

By End-user

Construction
Automotive
Industrial
Others

By Type

Carbon steel
Alloy steel
Stainless steel

By Geographical Landscape

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the increasing strategic alliances and partnerships among steel manufacturers as one of the prime reasons driving the steel wire market growth during the next few years. Also, the rising adoption of high-carbon steel wire and the usage of steel wire in 3D printing will lead to sizable demand in the market.

The report on the steel wire market covers the following areas:

Steel wire market sizing
Steel wire market forecast
Steel wire market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading steel wire market vendors that include Acerinox SA, ArcelorMittal SA, Bansal, Gerdau SA, Jiangsu Baosteel Metal Product Co. Ltd., Jiangsu Shagang International Trade Co. Ltd., Joneja Bright Steel Pvt. Ltd., KEI Industries Ltd., Kobe Steel Ltd., Mechel PAO, Nippon Steel Corp., Nucor Corp., PAO Severstal, Rajratan Global Wire Ltd., SSAB AB, Tata Sons Pvt. Ltd., thyssenkrupp AG, Usha Martin Ltd., Voestalpine AG, and Shree Steel Wire Ropes Ltd.. Also, the steel wire market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape and an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR73654

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global steel wire market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global steel wire market 2018 - 2022 ($ billion)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Construction - Market size and forecast 2023-2028
Exhibit 34: Chart on Construction - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Construction - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Construction - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Construction - Year-over-year growth 2023-2028 (%)
6.4 Automotive - Market size and forecast 2023-2028
Exhibit 38: Chart on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Automotive - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Automotive - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
6.5 Industrial - Market size and forecast 2023-2028
Exhibit 42: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by End-user
Exhibit 50: Market opportunity by End-user ($ billion)
Exhibit 51: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 52: Chart on Type - Market share 2023-2028 (%)
Exhibit 53: Data Table on Type - Market share 2023-2028 (%)
7.2 Comparison by Type
Exhibit 54: Chart on Comparison by Type
Exhibit 55: Data Table on Comparison by Type
7.3 Carbon steel - Market size and forecast 2023-2028
Exhibit 56: Chart on Carbon steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Carbon steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Carbon steel - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Carbon steel - Year-over-year growth 2023-2028 (%)
7.4 Alloy steel - Market size and forecast 2023-2028
Exhibit 60: Chart on Alloy steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Alloy steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Alloy steel - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Alloy steel - Year-over-year growth 2023-2028 (%)
7.5 Stainless steel - Market size and forecast 2023-2028
Exhibit 64: Chart on Stainless steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 65: Data Table on Stainless steel - Market size and forecast 2023-2028 ($ billion)
Exhibit 66: Chart on Stainless steel - Year-over-year growth 2023-2028 (%)
Exhibit 67: Data Table on Stainless steel - Year-over-year growth 2023-2028 (%)
7.6 Market opportunity by Type
Exhibit 68: Market opportunity by Type ($ billion)
Exhibit 69: Data Table on Market opportunity by Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 73: Chart on Geographic comparison
Exhibit 74: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2023-2028
Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 North America - Market size and forecast 2023-2028
Exhibit 83: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.6 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.7 South America - Market size and forecast 2023-2028
Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.8 China - Market size and forecast 2023-2028
Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
9.9 India - Market size and forecast 2023-2028
Exhibit 99: Chart on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on India - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on India - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on India - Year-over-year growth 2023-2028 (%)
9.10 Japan - Market size and forecast 2023-2028
Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.11 US - Market size and forecast 2023-2028
Exhibit 107: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2023-2028 (%)
9.12 Russia - Market size and forecast 2023-2028
Exhibit 111: Chart on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 112: Data Table on Russia - Market size and forecast 2023-2028 ($ billion)
Exhibit 113: Chart on Russia - Year-over-year growth 2023-2028 (%)
Exhibit 114: Data Table on Russia - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity By Geographical Landscape
Exhibit 115: Market opportunity By Geographical Landscape ($ billion)
Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 117: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 119: Overview on factors of disruption
11.4 Industry risks
Exhibit 120: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 121: Vendors covered
12.2 Market positioning of vendors
Exhibit 122: Matrix on vendor position and classification
12.3 Acerinox SA
Exhibit 123: Acerinox SA - Overview
Exhibit 124: Acerinox SA - Business segments
Exhibit 125: Acerinox SA - Key offerings
Exhibit 126: Acerinox SA - Segment focus
12.4 ArcelorMittal SA
Exhibit 127: ArcelorMittal SA - Overview
Exhibit 128: ArcelorMittal SA - Business segments
Exhibit 129: ArcelorMittal SA - Key offerings
Exhibit 130: ArcelorMittal SA - Segment focus
12.5 Gerdau SA
Exhibit 131: Gerdau SA - Overview
Exhibit 132: Gerdau SA - Business segments
Exhibit 133: Gerdau SA - Key offerings
Exhibit 134: Gerdau SA - Segment focus
12.6 Jiangsu Shagang International Trade Co. Ltd.
Exhibit 135: Jiangsu Shagang International Trade Co. Ltd. - Overview
Exhibit 136: Jiangsu Shagang International Trade Co. Ltd. - Product / Service
Exhibit 137: Jiangsu Shagang International Trade Co. Ltd. - Key offerings
12.7 KEI Industries Ltd.
Exhibit 138: KEI Industries Ltd. - Overview
Exhibit 139: KEI Industries Ltd. - Business segments
Exhibit 140: KEI Industries Ltd. - Key offerings
Exhibit 141: KEI Industries Ltd. - Segment focus
12.8 Mechel PAO
Exhibit 142: Mechel PAO - Overview
Exhibit 143: Mechel PAO - Business segments
Exhibit 144: Mechel PAO - Key offerings
Exhibit 145: Mechel PAO - Segment focus
12.9 Nippon Steel Corp.
Exhibit 146: Nippon Steel Corp. - Overview
Exhibit 147: Nippon Steel Corp. - Business segments
Exhibit 148: Nippon Steel Corp. - Key offerings
Exhibit 149: Nippon Steel Corp. - Segment focus
12.10 Nucor Corp.
Exhibit 150: Nucor Corp. - Overview
Exhibit 151: Nucor Corp. - Business segments
Exhibit 152: Nucor Corp. - Key news
Exhibit 153: Nucor Corp. - Key offerings
Exhibit 154: Nucor Corp. - Segment focus
12.11 PAO Severstal
Exhibit 155: PAO Severstal - Overview
Exhibit 156: PAO Severstal - Product / Service
Exhibit 157: PAO Severstal - Key offerings
12.12 Rajratan Global Wire Ltd.
Exhibit 158: Rajratan Global Wire Ltd. - Overview
Exhibit 159: Rajratan Global Wire Ltd. - Product / Service
Exhibit 160: Rajratan Global Wire Ltd. - Key offerings
12.13 SSAB AB
Exhibit 161: SSAB AB - Overview
Exhibit 162: SSAB AB - Business segments
Exhibit 163: SSAB AB - Key offerings
Exhibit 164: SSAB AB - Segment focus
12.14 Tata Sons Pvt. Ltd.
Exhibit 165: Tata Sons Pvt. Ltd. - Overview
Exhibit 166: Tata Sons Pvt. Ltd. - Business segments
Exhibit 167: Tata Sons Pvt. Ltd. - Key offerings
Exhibit 168: Tata Sons Pvt. Ltd. - Segment focus
12.15 thyssenkrupp AG
Exhibit 169: thyssenkrupp AG - Overview
Exhibit 170: thyssenkrupp AG - Business segments
Exhibit 171: thyssenkrupp AG - Key offerings
Exhibit 172: thyssenkrupp AG - Segment focus
12.16 Usha Martin Ltd.
Exhibit 173: Usha Martin Ltd. - Overview
Exhibit 174: Usha Martin Ltd. - Product / Service
Exhibit 175: Usha Martin Ltd. - Key offerings
12.17 Voestalpine AG
Exhibit 176: Voestalpine AG - Overview
Exhibit 177: Voestalpine AG - Business segments
Exhibit 178: Voestalpine AG - Key offerings
Exhibit 179: Voestalpine AG - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 180: Inclusions checklist
Exhibit 181: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 182: Currency conversion rates for US$
13.4 Research methodology
Exhibit 183: Research methodology
Exhibit 184: Validation techniques employed for market sizing
Exhibit 185: Information sources
13.5 List of abbreviations
Exhibit 186: List of abbreviations