Market Overview:
The global galvanized steel wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for galvanized steel wire in various applications, such as power distribution network, bridge, and others. In terms of type, electro-galvanizing steel wire is expected to hold a major share of the market during the forecast period. However, hot-dip galvanized steel wire is projected to grow at a higher CAGR than electro-galvanizing steel wire during the forecast period.
Product Definition:
Galvanized steel wire is a type of steel wire that has been coated in zinc. This coating helps to protect the wire from corrosion, making it a better choice for applications where exposure to the elements is likely. Galvanized steel wire is often used in fencing, construction, and other applications where durability is important.
Electro-galvanizing Steel wire:
Electro-galvanizing steel wire is a special type of galvanizing which utilizes electricity as the predominant factor for the process. The most important aspect of this process is that there is no need for an electrolyte in this case, since electricity acts as both an electrode and a cathode at the same time. This eliminates one of the major problems associated with conventional galvanization methods, i.e.
Hot-dip galvanized steel wire:
Hot-dip galvanized steel wire is a special type of galvanized steel wire used in the manufacturing of coated or uncoated Galvanized Steel Wire. It has high resistance to corrosion and also provides excellent electrical properties such as high tensile strength, flexibility, and good insulation properties. The product finds application in various end-use industries including construction, automotive & transportation, oil & gas sector among others owing to its superior characteristics.
Application Insights:
The power distribution network segment led the global galvanized steel wire market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for electricity generation, transmission & distribution across urban areas coupled with growing investments by governments in infrastructure development is expected to drive demand over the coming years.
Bridge was the second largest application segment accounting for a revenue share of 21.3% in 2017 owing to rising construction activities across various regions including Asia Pacific and Middle East & Africa on account of increasing population coupled with industrialization & urbanization has resulted in increased need for bridges which is anticipated to further fuel industry growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of volume owing to increasing demand from end-use industries, such as construction, power distribution network and others. Increasing infrastructure investment coupled with rising industrialization across emerging economies including India, China and Indonesia is projected to drive the regional market growth over the forecast period.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% in terms of revenue owing to high product demand from countries including Germany, France Italy and U.K., where major galvanized steel wire manufacturers have their manufacturing facilities based.
Growth Factors:
- Increasing demand from construction and automotive industries
- Rising demand for galvanized steel wire in developing countries
- Technological advancements in galvanizing process
- Growing popularity of stainless steel wire substitutes
- Stringent government regulations for environment protection
Scope Of The Report
Report Attributes
Report Details
Report Title
Galvanized Steel Wire Market Research Report
By Type
Electro-galvanizing Steel wire, Hot-dip galvanized steel wire
By Application
Power distribution network, Bridge, Other
By Companies
Davis, Artsons, Seal Wire, King Steel Corporation, Hua Yuan, TianZe, Shanxi Broadwire, HF-WIRE, TianYang, Yicheng, Hongli, Antong, Zhida, Yili
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Galvanized Steel Wire Market Report Segments:
The global Galvanized Steel Wire market is segmented on the basis of:
Types
Electro-galvanizing Steel wire, Hot-dip galvanized steel wire
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Power distribution network, Bridge, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Davis
- Artsons
- Seal Wire
- King Steel Corporation
- Hua Yuan
- TianZe
- Shanxi Broadwire
- HF-WIRE
- TianYang
- Yicheng
- Hongli
- Antong
- Zhida
- Yili
Highlights of The Galvanized Steel Wire Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electro-galvanizing Steel wire
- Hot-dip galvanized steel wire
- By Application:
- Power distribution network
- Bridge
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Galvanized Steel Wire Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Galvanized steel wire is a type of wire that has been coated with a layer of galvanizing metal. This makes the wire more resistant to corrosion and makes it easier to handle.
Some of the major companies in the galvanized steel wire market are Davis, Artsons, Seal Wire, King Steel Corporation, Hua Yuan, TianZe, Shanxi Broadwire, HF-WIRE, TianYang, Yicheng, Hongli, Antong, Zhida, Yili.
The galvanized steel wire market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Galvanized Steel Wire Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Galvanized Steel Wire Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Galvanized Steel Wire Market - Supply Chain
4.5. Global Galvanized Steel Wire Market Forecast
4.5.1. Galvanized Steel Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Galvanized Steel Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Galvanized Steel Wire Market Absolute $ Opportunity
5. Global Galvanized Steel Wire Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Galvanized Steel Wire Market Size and Volume Forecast by Type
5.3.1. Electro-galvanizing Steel wire
5.3.2. Hot-dip galvanized steel wire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Galvanized Steel Wire Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Galvanized Steel Wire Market Size and Volume Forecast by Application
6.3.1. Power distribution network
6.3.2. Bridge
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Galvanized Steel Wire Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Galvanized Steel Wire Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Galvanized Steel Wire Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Galvanized Steel Wire Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Galvanized Steel Wire Demand Share Forecast, 2019-2026
9. North America Galvanized Steel Wire Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Galvanized Steel Wire Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Galvanized Steel Wire Market Size and Volume Forecast by Application
9.4.1. Power distribution network
9.4.2. Bridge
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Galvanized Steel Wire Market Size and Volume Forecast by Type
9.7.1. Electro-galvanizing Steel wire
9.7.2. Hot-dip galvanized steel wire
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Galvanized Steel Wire Demand Share Forecast, 2019-2026
10. Latin America Galvanized Steel Wire Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Galvanized Steel Wire Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Galvanized Steel Wire Market Size and Volume Forecast by Application
10.4.1. Power distribution network
10.4.2. Bridge
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Galvanized Steel Wire Market Size and Volume Forecast by Type
10.7.1. Electro-galvanizing Steel wire
10.7.2. Hot-dip galvanized steel wire
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Galvanized Steel Wire Demand Share Forecast, 2019-2026
11. Europe Galvanized Steel Wire Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Galvanized Steel Wire Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Galvanized Steel Wire Market Size and Volume Forecast by Application
11.4.1. Power distribution network
11.4.2. Bridge
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Galvanized Steel Wire Market Size and Volume Forecast by Type
11.7.1. Electro-galvanizing Steel wire
11.7.2. Hot-dip galvanized steel wire
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Galvanized Steel Wire Demand Share, 2019-2026
12. Asia Pacific Galvanized Steel Wire Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Galvanized Steel Wire Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Galvanized Steel Wire Market Size and Volume Forecast by Application
12.4.1. Power distribution network
12.4.2. Bridge
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Galvanized Steel Wire Market Size and Volume Forecast by Type
12.7.1. Electro-galvanizing Steel wire
12.7.2. Hot-dip galvanized steel wire
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Galvanized Steel Wire Demand Share, 2019-2026
13. Middle East & Africa Galvanized Steel Wire Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Galvanized Steel Wire Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Galvanized Steel Wire Market Size and Volume Forecast by Application
13.4.1. Power distribution network
13.4.2. Bridge
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Galvanized Steel Wire Market Size and Volume Forecast by Type
13.7.1. Electro-galvanizing Steel wire
13.7.2. Hot-dip galvanized steel wire
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Galvanized Steel Wire Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Galvanized Steel Wire Market: Market Share Analysis
14.2. Galvanized Steel Wire Distributors and Customers
14.3. Galvanized Steel Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Davis
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Artsons
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Seal Wire
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. King Steel Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hua Yuan
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TianZe
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shanxi Broadwire
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. HF-WIRE
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TianYang
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Yicheng
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hongli
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Antong
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhida
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Yili
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
