The global steel product market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing demand for steel products in various industries such as automotive, machinery, oil and gas, and construction. The automotive industry is one of the major end-users of steel products and it has been witnessing significant growth over the past few years due to increased production of vehicles across various regions. In addition, there has been an increase in demand for machinery due to rapid industrialization across emerging economies such as China and India. Moreover, oil and gas industry also contributes significantly towards the growth of this market owing to its high requirement for steel pipes which are used in drilling activities.
The flat steel segment accounted for a share of around 45% in 2017 with respect to type segmentation followed by long steel (around 30%), tubular steel (around 10%), pipe (around 5%) and tube (around 5%). With respect to application segments, automotive accounted for a share around 40% followed by machinery (30%), oil & gas (20%), construction (10%) while others accounted for less than 10%. Asia Pacific was estimated as leading region with a share around 35% followed by North America with 30%, Europe with 25%, Latin America with 15%, Middle East & Africa with 10%.
Some Of The Growth Factors Of This Market:
- The growth in the steel product market is driven by the increasing demand for steel products in developing countries such as China and India.
- Increasing demand for steel products from construction, automotive, and machinery industries are also driving the growth of this market.
- Increasing investments in infrastructure projects are also driving the growth of this market.
- The increasing demand for high-quality steel products due to their durability and corrosion resistance properties is also driving the growth of this market.
Industry Growth Insights published a new data on “Steel Product Market”. The research report is titled “Steel Product Market research by Types (Flat Steel, Long Steel, Tubular Steel, Steel Pipe, Steel Tube), By Applications (Automotive, Machinery, Oil and Gas, Construction, Others), By Players/Companies China Baowu Steel Group, Hesteel Group, Nippon Steel & Sumitomo Metal, POSCO, Jiangsu Shagang, Ansteel Group, JFE, Shougang, Tata Steel, Shandong Iron and Steel Group, Nucor Corporation, Hyundai Steel, Maanshan Iron and Steel Company, ThyssenKrupp, Novolipetsk Steel, Jianlong Steel, Gerdau, China Steel, Valin Steel Group, JSW Steel Ltd, Benxi Steel Group, Steel Authority of India Limited, United States Steel Corporation, IMIDRO, Rizhao Steel (zh), Fangda Steel, Evraz, Magnitogorsk Iron and Steel Works, Baotou Steel”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Product Market Research Report
By Type
Flat Steel, Long Steel, Tubular Steel, Steel Pipe, Steel Tube
By Application
Automotive, Machinery, Oil and Gas, Construction, Others
By Companies
China Baowu Steel Group, Hesteel Group, Nippon Steel & Sumitomo Metal, POSCO, Jiangsu Shagang, Ansteel Group, JFE, Shougang, Tata Steel, Shandong Iron and Steel Group, Nucor Corporation, Hyundai Steel, Maanshan Iron and Steel Company, ThyssenKrupp, Novolipetsk Steel, Jianlong Steel, Gerdau, China Steel, Valin Steel Group, JSW Steel Ltd, Benxi Steel Group, Steel Authority of India Limited, United States Steel Corporation, IMIDRO, Rizhao Steel (zh), Fangda Steel, Evraz, Magnitogorsk Iron and Steel Works, Baotou Steel
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 Steel Product Market Report Segments:
The global Steel Product market is segmented on the basis of:
Types
Flat Steel, Long Steel, Tubular Steel, Steel Pipe, Steel Tube
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, Machinery, Oil and Gas, Construction, 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:
- China Baowu Steel Group
- Hesteel Group
- Nippon Steel & Sumitomo Metal
- POSCO
- Jiangsu Shagang
- Ansteel Group
- JFE
- Shougang
- Tata Steel
- Shandong Iron and Steel Group
- Nucor Corporation
- Hyundai Steel
- Maanshan Iron and Steel Company
- ThyssenKrupp
- Novolipetsk Steel
- Jianlong Steel
- Gerdau
- China Steel
- Valin Steel Group
- JSW Steel Ltd
- Benxi Steel Group
- Steel Authority of India Limited
- United States Steel Corporation
- IMIDRO
- Rizhao Steel (zh)
- Fangda Steel
- Evraz
- Magnitogorsk Iron and Steel Works
- Baotou Steel
Highlights of The Steel Product 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:
- Flat Steel
- Long Steel
- Tubular Steel
- Steel Pipe
- Steel Tube
- By Application:
- Automotive
- Machinery
- Oil and Gas
- Construction
- 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 Steel Product 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.
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- Correctly Positioning New Products
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- Product & Brand Management
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- 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?
A steel product is a manufactured item made from steel. Common types of steel products include cars, trucks, bridges, skyscrapers and tools.
Some of the key players operating in the steel product market are China Baowu Steel Group, Hesteel Group, Nippon Steel & Sumitomo Metal, POSCO, Jiangsu Shagang, Ansteel Group, JFE, Shougang, Tata Steel, Shandong Iron and Steel Group, Nucor Corporation, Hyundai Steel, Maanshan Iron and Steel Company, ThyssenKrupp, Novolipetsk Steel, Jianlong Steel, Gerdau, China Steel, Valin Steel Group, JSW Steel Ltd, Benxi Steel Group, Steel Authority of India Limited, United States Steel Corporation, IMIDRO, Rizhao Steel (zh), Fangda Steel, Evraz, Magnitogorsk Iron and Steel Works, Baotou Steel.
The steel product market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Steel Product 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. Steel Product Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Steel Product Market - Supply Chain
4.5. Global Steel Product Market Forecast
4.5.1. Steel Product Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Product Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Product Market Absolute $ Opportunity
5. Global Steel Product 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. Steel Product Market Size and Volume Forecast by Type
5.3.1. Flat Steel
5.3.2. Long Steel
5.3.3. Tubular Steel
5.3.4. Steel Pipe
5.3.5. Steel Tube
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Steel Product 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. Steel Product Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Machinery
6.3.3. Oil and Gas
6.3.4. Construction
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Steel Product 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. Steel Product 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 Steel Product 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. Steel Product 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 Steel Product Demand Share Forecast, 2019-2026
9. North America Steel Product 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 Steel Product 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 Steel Product Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Machinery
9.4.3. Oil and Gas
9.4.4. Construction
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Product Market Size and Volume Forecast by Type
9.7.1. Flat Steel
9.7.2. Long Steel
9.7.3. Tubular Steel
9.7.4. Steel Pipe
9.7.5. Steel Tube
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 Steel Product Demand Share Forecast, 2019-2026
10. Latin America Steel Product 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 Steel Product 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 Steel Product Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Machinery
10.4.3. Oil and Gas
10.4.4. Construction
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Product Market Size and Volume Forecast by Type
10.7.1. Flat Steel
10.7.2. Long Steel
10.7.3. Tubular Steel
10.7.4. Steel Pipe
10.7.5. Steel Tube
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 Steel Product Demand Share Forecast, 2019-2026
11. Europe Steel Product 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 Steel Product 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 Steel Product Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Machinery
11.4.3. Oil and Gas
11.4.4. Construction
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Product Market Size and Volume Forecast by Type
11.7.1. Flat Steel
11.7.2. Long Steel
11.7.3. Tubular Steel
11.7.4. Steel Pipe
11.7.5. Steel Tube
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Typ
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 Steel Product Demand Share, 2019-2026
12. Asia Pacific Steel Product 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 Steel Product 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 Steel Product Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Machinery
12.4.3. Oil and Gas
12.4.4. Construction
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Product Market Size and Volume Forecast by Type
12.7.1. Flat Steel
12.7.2. Long Steel
12.7.3. Tubular Steel
12.7.4. Steel Pipe
12.7.5. Steel Tube
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 Steel Product Demand Share, 2019-2026
13. Middle East & Africa Steel Product 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 Steel Product 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 Steel Product Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Machinery
13.4.3. Oil and Gas
13.4.4. Construction
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Product Market Size and Volume Forecast by Type
13.7.1. Flat Steel
13.7.2. Long Steel
13.7.3. Tubular Steel
13.7.4. Steel Pipe
13.7.5. Steel Tube
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 Steel Product Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Steel Product Market: Market Share Analysis
14.2. Steel Product Distributors and Customers
14.3. Steel Product Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. China Baowu Steel Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hesteel Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nippon Steel & Sumitomo Metal
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. POSCO
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Jiangsu Shagang
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ansteel Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. JFE
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shougang
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Tata Steel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shandong Iron and Steel Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nucor Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hyundai Steel
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Maanshan Iron and Steel Company
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ThyssenKrupp
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Novolipetsk Steel
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Jianlong Steel
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Gerdau
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. China Steel
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Valin Steel Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. JSW Steel Ltd
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
