Steel Round Bar Market Report: Trends, Forecast and Competitive Analysis to 2030

Steel Round Bar Trends and Forecast

The future of the global steel round bar market looks promising with opportunities in the construction, automotive, manufacturing, oil and gas, aerospace, energy and power generation, mining and metal extraction, and shipbuilding markets. The global steel round bar market is expected to reach an estimated $409.0 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are continual growth of infrastructural and construction activity and escalating demand for these bars from the automotive and industrial sector.

A more than 150-page report is developed to help in your business decisions.

Steel Round Bar by Segment

The study includes a forecast for the global steel round bar by manufacturing process, material type, application, end use industry, and region.

Steel Round Bar Market by Manufacturing Process [Shipment Analysis by Value from 2018 to 2030]:

• Hot Rolled Round Bars
• Cold Rolled Round Bars
• Forged Round Bars

Steel Round Bar Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:

• Carbon Steel Round Bars
• Alloy Steel Round Bars
• Stainless Steel Round Bars
• Tool Steel Round Bars
• Others

Steel Round Bar Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Structural Components
• Shafts and Axles
• Fasteners and Bolts
• Gears and Bearings
• Tools and Dies
• Springs and Connectors
• Others

Steel Round Bar Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:

• Construction
• Automotive
• Manufacturing
• Oil and Gas
• Aerospace
• Energy and Power Generation
• Mining and Metal Extraction
• Shipbuilding
• Others

Steel Round Bar Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Steel Round Bar Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steel round bar companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steel round bar companies profiled in this report include-

• ArcelorMittal
• Nippon Steel
• POSCO
• Tata Steel
• Baosteel Group
• JFE Steel
• Thyssenkrupp
• Nucor
• Hyundai Steel
• SAIL

Steel Round Bar Market Insights

Lucintel forecasts that stainless is expected to witness highest growth over the forecast period due to its increasing demand from automotive, construction, and engineering sectors.

Within this market, construction is expected to witness highest growth over the forecast period due to growing preference for steel round bars in construction industry given to its high strength and endurance.

North America is expected to witness highest growth over the forecast period due to existence of major manufacturing units and continous infrastructural development in the region.

Features of the Global Steel Round Bar Market

Market Size Estimates: Steel round bar market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Steel round bar market size by various segments, such as by manufacturing process, material type, application, end use industry, and region in terms of value ($B).

Regional Analysis: Steel round bar market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different manufacturing processes, material types, applications, end use industries, and regions for the steel round bar market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steel round bar market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the steel round bar market size?

Answer: The global steel round bar market is expected to reach an estimated $409.0 billion by 2030.

Q.2 What is the growth forecast for steel round bar market?

Answer: The global steel round bar market is expected to grow with a CAGR of 3.5% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the steel round bar market?

Answer: The major drivers for this market are continual growth of infrastructural and construction activity and escalating demand for these bars from the automotive and industrial sector.

Q4. What are the major segments for steel round bar market?

Answer: The future of the steel round bar market looks promising with opportunities in the construction, automotive, manufacturing, oil and gas, aerospace, energy and power generation, mining and metal extraction, and shipbuilding markets.

Q5. Who are the key steel round bar market companies?

Answer: Some of the key steel round bar companies are as follows:

• ArcelorMittal
• Nippon Steel
• POSCO
• Tata Steel
• Baosteel Group
• JFE Steel
• Thyssenkrupp
• Nucor
• Hyundai Steel
• SAIL

Q6. Which steel round bar market segment will be the largest in future?

Answer: Lucintel forecasts that stainless is expected to witness highest growth over the forecast period due to its increasing demand from automotive, construction, and engineering sectors.

Q7. In steel round bar market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to existence of major manufacturing units and continous infrastructural development in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the steel round bar market by manufacturing process (hot rolled round bars, cold rolled round bars, and forged round bars), material type (carbon steel round bars, alloy steel round bars, stainless steel round bars, tool steel round bars, and others), application (structural components, shafts and axles, fasteners and bolts, gears and bearings, tools and dies, springs and connectors, and others), end use industry (construction, automotive, manufacturing, oil and gas, aerospace, energy and power generation, mining and metal extraction, shipbuilding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?