Market Overview:
The global galvanized steel wire strand 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 strand in various applications, such as power cables, bridges, and others. Additionally, the growing construction industry is also contributing to the growth of this market. The global galvanized steel wire strand market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into by section structure and by galvanizing ways. By section structure, it can be classified into round wires and shaped wires (flat/square). By galvanizing ways, it can be categorized into hot-dip zinc coating and electroplating zinc coating. On the basis of application, it is further divided into power cable lines,, bridge construction,, railway engineering,, shipbuilding industry,, other industrial applications,. The power cable lines segment is expected to witness highest growth duringthe forecast period owingto rising demand for electricity globally.Onthebasisofregion,..
Product Definition:
A stranded wire is composed of a number of small wires that have been twisted or braided together. A galvanized steel wire strand is a stranded wire that has been coated with zinc to protect it from corrosion. Galvanized steel wire strands are used in many applications, including electrical wiring, fencing, and cable support.
By Section Structure:
The global by-section structure galvanized steel wire strand market size was valued at USD 6.5 billion in 2015 and is expected to witness significant growth over the forecast period owing to its rising demand from the residential construction sector on account of its cost-effectiveness, ease of installation, durability and aesthetic appeal.
By section structure galvanized steel wire strand is manufactured with a view to comply with building codes for various regions such as North American (U.S.
By Galvanized Ways:
By galvanized ways is a method of coating steel wires by using zinc. It helps in increasing the strength and durability of the wire which further helps in improving electrical services. The product also provides resistance to corrosion, improves flexibility, and reduces electricity loss due to high tensile strength.
The global Galvanized Steel Wire Strand market size was valued at USD 1,Billion in 2015.
Application Insights:
The power cable application segment led the global galvanized steel wire strand market in 2017. The segment is projected to witness significant growth over the forecast period owing to increasing demand for electricity from various end-use industries, such as residential and commercial buildings, automotive and transportation systems, etc. In addition, rapid urbanization coupled with industrial development in emerging economies such as India and China is expected to boost product consumption for power cables over the next eight years.
Bridge construction was the second largest application of GSW strands in 2017. Increasing number of bridge projects across all major regions are expected to drive product demand for this purpose during the forecast period. For instance: As per World Bank data published in April 2018; there were around 52000 bridges across 160 countries suffering from severe deficiencies which needed immediate attention (maintenance & repair).
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a share of more than 30.0% of the global demand. The region is anticipated to witness significant growth over the forecast period owing to increasing infrastructure activities coupled with rising foreign investments in India, China, Japan, South Korea, Malaysia and Indonesia among other countries.
The growing infrastructural developments across Asia Pacific are expected to drive demand from power cables and bridge applications respectively over the forecast period. In addition, favorable government initiatives such as “Belt & Road†initiative by China are expected to open new markets for steel wires in construction industry along with numerous other opportunities that exist globally for vendors of galvanized steel wire strand products.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising demand for galvanized steel wire strand in automotive applications
- Growing use of galvanized steel wire strand in electrical wiring and cable manufacturing
- Rising popularity of galvanized steel wire strand in the global market
- Technological advancements leading to better quality products
Scope Of The Report
Report Attributes
Report Details
Report Title
Galvanized Steel Wire Strand Market Research Report
By Type
By Section Structure, By Galvanized Ways
By Application
Power Cable, Bridge, Others
By Companies
Davis, Artsons, Seal Wire, TianZe, King Steel Corporation, HF-WIRE, TianYang, Yicheng, Hongli, Antong, Zhida, Yili, Shanxi Broadwire, Hua Yuan
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Galvanized Steel Wire Strand Market Report Segments:
The global Galvanized Steel Wire Strand market is segmented on the basis of:
Types
By Section Structure, By Galvanized Ways
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 Cable, Bridge, Others
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
- TianZe
- King Steel Corporation
- HF-WIRE
- TianYang
- Yicheng
- Hongli
- Antong
- Zhida
- Yili
- Shanxi Broadwire
- Hua Yuan
Highlights of The Galvanized Steel Wire Strand 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:
- By Section Structure
- By Galvanized Ways
- By Application:
- Power Cable
- Bridge
- Others
- 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 Strand 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 strand is a type of wire used in construction. It is made of a metal core covered with a thin layer of zinc. The zinc helps to protect the core from corrosion and makes the strand more flexible.
Some of the major players in the galvanized steel wire strand market are Davis, Artsons, Seal Wire, TianZe, King Steel Corporation, HF-WIRE, TianYang, Yicheng, Hongli, Antong, Zhida, Yili, Shanxi Broadwire, Hua Yuan.
The galvanized steel wire strand market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Galvanized Steel Wire Strand 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 Strand 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 Strand Market - Supply Chain
4.5. Global Galvanized Steel Wire Strand Market Forecast
4.5.1. Galvanized Steel Wire Strand Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Galvanized Steel Wire Strand Market Size (000 Units) and Y-o-Y Growth
4.5.3. Galvanized Steel Wire Strand Market Absolute $ Opportunity
5. Global Galvanized Steel Wire Strand 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 Strand Market Size and Volume Forecast by Type
5.3.1. By Section Structure
5.3.2. By Galvanized Ways
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Galvanized Steel Wire Strand 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 Strand Market Size and Volume Forecast by Application
6.3.1. Power Cable
6.3.2. Bridge
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Galvanized Steel Wire Strand 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 Strand 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 Strand 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 Strand 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 Strand Demand Share Forecast, 2019-2026
9. North America Galvanized Steel Wire Strand 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 Strand 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 Strand Market Size and Volume Forecast by Application
9.4.1. Power Cable
9.4.2. Bridge
9.4.3. Others
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 Strand Market Size and Volume Forecast by Type
9.7.1. By Section Structure
9.7.2. By Galvanized Ways
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 Strand Demand Share Forecast, 2019-2026
10. Latin America Galvanized Steel Wire Strand 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 Strand 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 Strand Market Size and Volume Forecast by Application
10.4.1. Power Cable
10.4.2. Bridge
10.4.3. Others
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 Strand Market Size and Volume Forecast by Type
10.7.1. By Section Structure
10.7.2. By Galvanized Ways
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 Strand Demand Share Forecast, 2019-2026
11. Europe Galvanized Steel Wire Strand 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 Strand 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 Strand Market Size and Volume Forecast by Application
11.4.1. Power Cable
11.4.2. Bridge
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Galvanized Steel Wire Strand Market Size and Volume Forecast by Type
11.7.1. By Section Structure
11.7.2. By Galvanized Ways
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 Strand Demand Share, 2019-2026
12. Asia Pacific Galvanized Steel Wire Strand 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 Strand 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 Strand Market Size and Volume Forecast by Application
12.4.1. Power Cable
12.4.2. Bridge
12.4.3. Others
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 Strand Market Size and Volume Forecast by Type
12.7.1. By Section Structure
12.7.2. By Galvanized Ways
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 Strand Demand Share, 2019-2026
13. Middle East & Africa Galvanized Steel Wire Strand 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 Strand 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 Strand Market Size and Volume Forecast by Application
13.4.1. Power Cable
13.4.2. Bridge
13.4.3. Others
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 Strand Market Size and Volume Forecast by Type
13.7.1. By Section Structure
13.7.2. By Galvanized Ways
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 Strand Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Galvanized Steel Wire Strand Market: Market Share Analysis
14.2. Galvanized Steel Wire Strand Distributors and Customers
14.3. Galvanized Steel Wire Strand 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. TianZe
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. King Steel Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HF-WIRE
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TianYang
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Yicheng
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hongli
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Antong
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Zhida
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yili
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Shanxi Broadwire
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hua Yuan
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
