Market Overview:
The global engineered bars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lightweight and high-strength materials in automotive, energy, heavy equipment, transportation, and other applications. In terms of type, the global engineered bars market is segmented into rounds, flats, squares, and other types. The rounds segment is expected to hold the largest share of the global engineered bars market in 2018 owing to its widespread use in various end-use industries. However, the squares segment is projected to grow at a higher CAGR during the forecast period due to its growing demand from transportation and construction industries.
Product Definition:
Engineered bars are a type of reinforced concrete bar that is specifically designed for use in prestressed concrete. They have a more consistent cross-sectional shape than standard reinforcing bars, which makes them ideal for use in precast and prestressed concrete members.
Rounds:
Rounds is a metal-free alloy of iron, chromium, nickel and copper. It has the ability to form various shapes which are used in connection with the bars. The product also finds application as a substitute for metals in various industries such as automotive and construction owing to its properties such as corrosion resistance and high strength.
Flats:
Flats are used in the manufacturing of steel and other metals. The deformed bars produced from this process have a uniform cross-section throughout and hence they are suitable for use in structural applications. Flats can be used to produce beams, channels, sections, etc., which is likely to drive market growth over the forecast period.
Application Insights:
The automotive application segment accounted for a revenue share of over 30% in 2017. The product is widely used in the automotive industry owing to its properties such as high strength and rigidity. It is also used to reduce weight and increase fuel efficiency, thereby reducing vehicle emissions.
Engineered bars are manufactured using various materials such as steel, aluminum alloys, polymers and carbon composites among others depending upon their intended use in an automobile or heavy equipment. They are produced with a variety of cross-sections including round, square or flat bar depending upon their intended use which include body structure & panels; engine; transmission components; suspension arms & links; underbody space frame rails; exhaust systems & mufflers among others.
The energy application segment was valued over USD 1 million in 2017.
Regional Analysis:
Asia Pacific accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region is projected to account for a significant market share by 2030 owing to increasing product demand from developing countries such as India, China, and Japan. Moreover, rising investments in infrastructure development are also anticipated to drive industry growth over the coming years.
Europe was estimated at USD X million in 2017 and is expected to witness considerable growth during the forecast period on account of growing automotive production across several major economies including Germany, France, Italy, Spain among others. In addition high investment in R&D activities coupled with technological advancements will further propel industry expansion over the next eight years time frame.
Growth Factors:
- Increasing demand for healthy snacks: The global engineered bars market is expected to grow at a CAGR of 6.5% during the forecast period. This can be attributed to the increasing demand for healthy snacks, especially among health-conscious consumers.
- Rising awareness about the benefits of protein bars: There is a growing awareness among consumers about the benefits of protein bars, which is driving their demand in developed and developing countries alike.
- Growing popularity of fitness regimes: The popularity of fitness regimes has led to an increase in the demand for high-protein and low-carbohydrate foods such as engineered bars, thereby boosting market growth.
- Proliferation of ecommerce platforms: The proliferation of ecommerce platforms has made it easier for consumers to purchase engineered bars online, thus driving market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Engineered Bars Market Research Report
By Type
Rounds, Flats, Squares, Other
By Application
Automotive, Energy, Heavy Equipment, Transportation, Other
By Companies
Nucor, Steel Dynamics, AltaSteel, Gerdau, Republic Steel, Ovako, LIBERTY Steel Group
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
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Engineered Bars Market Report Segments:
The global Engineered Bars market is segmented on the basis of:
Types
Rounds, Flats, Squares, Other
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
Automotive, Energy, Heavy Equipment, Transportation, 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:
- Nucor
- Steel Dynamics
- AltaSteel
- Gerdau
- Republic Steel
- Ovako
- LIBERTY Steel Group
Highlights of The Engineered Bars 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:
- Rounds
- Flats
- Squares
- Other
- By Application:
- Automotive
- Energy
- Heavy Equipment
- Transportation
- 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 Engineered Bars 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?
Engineered bars are a type of protein bar that are made with ingredients like whey, casein, and soy. They're often marketed as being healthier than other types of bars because they have fewer calories and more protein.
Some of the major players in the engineered bars market are Nucor, Steel Dynamics, AltaSteel, Gerdau, Republic Steel, Ovako, LIBERTY Steel Group.
The engineered bars market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Engineered Bars Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Engineered Bars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Engineered Bars Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Engineered Bars Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Engineered Bars Market Size & Forecast, 2020-2028
4.5.1 Engineered Bars Market Size and Y-o-Y Growth
4.5.2 Engineered Bars Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rounds
5.2.2 Flats
5.2.3 Squares
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Energy
6.2.3 Heavy Equipment
6.2.4 Transportation
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Engineered Bars Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Engineered Bars Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rounds
9.6.2 Flats
9.6.3 Squares
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Energy
9.10.3 Heavy Equipment
9.10.4 Transportation
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rounds
10.6.2 Flats
10.6.3 Squares
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Energy
10.10.3 Heavy Equipment
10.10.4 Transportation
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rounds
11.6.2 Flats
11.6.3 Squares
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Energy
11.10.3 Heavy Equipment
11.10.4 Transportation
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rounds
12.6.2 Flats
12.6.3 Squares
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Energy
12.10.3 Heavy Equipment
12.10.4 Transportation
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rounds
13.6.2 Flats
13.6.3 Squares
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Energy
13.10.3 Heavy Equipment
13.10.4 Transportation
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Engineered Bars Market: Competitive Dashboard
14.2 Global Engineered Bars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nucor
14.3.2 Steel Dynamics
14.3.3 AltaSteel
14.3.4 Gerdau
14.3.5 Republic Steel
14.3.6 Ovako
14.3.7 LIBERTY Steel Group
