Market Overview:
The global 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 steel wire in various applications, such as building, ship, railway, and other applications. In terms of type, the carbon steel wire segment is expected to dominate the global steel wire market during the forecast period owing to its low cost and high strength properties. However, alloy steel wires are projected to grow at a higher CAGR than carbon steel wires during the forecast period due to their superior properties that make them suitable for use in critical applications.
Product Definition:
A steel wire is a metal wire made from an alloy of steel and iron. Steel wires are often used in construction, engineering, and manufacturing to create objects such as nails, screws, springs, and structural supports.
Carbon Steel Wire:
Carbon steel wire is a low-alloy, hardening and strengthening element used in the manufacturing of steel wires for electrical applications. It has high resistance to abrasion and corrosion, good tensile strength and ductility. Carbon steel wire finds application in electric cables that are used for power transmission as well as distribution systems.
Alloy Steel Wire:
Alloy steel wire is a material made from two or more metals, which are mixed at a fixed ratio to produce an alloy. The most common alloys include Fe-Cr, Co-Ni and Ni-Fe. These wires have applications in the construction industry for electrical wiring purposes due to their high strength and corrosion resistance properties.
Application Insights:
Building was the largest application segment in 2016, accounting for a volume share of over 50%. The rising demand from residential and commercial construction applications is expected to drive the product demand over the forecast period. In addition, stainless steel wires are used in building applications as they offer corrosion resistance when exposed to moisture.
The ship industry is one of the prominent consumers of steel wire owing to its excellent seaworthiness and load-bearing capacity. Carbon steel wires are largely used for this application on account of their low cost as well as easy availability across various markets including China, Japan, South Korea and Taiwan. However, there has been an increase in demand for stainless steel wires due to their increased strength which makes them suitable for heavy weather conditions along with greater resistance towards corrosion caused by exposure to seawater or saltwater spray.
Regional Analysis:
Asia Pacific dominated the global steel wire market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Growing industrialization coupled with increasing government spending on infrastructure development in these countries has resulted in growing demand for steel wires from construction sector as well as other industries.
The Asia Pacific was followed by Europe which accounted for a share of more than 20% of total revenue in 2017 owing to high product demand from shipbuilding industry mainly due to rising investments by major players such as Germany's ThyssenKrupp Marine Systems (TKMS) and France's Alstom Gridgrip TGV that are involved primarily with maintenance & repair activities rather than new construction activities. In addition, presence of prominent railway manufacturers such as Siemens AG that produces traction motors used for locomotives along with numerous rolling stock manufacturers will drive product growth further over the next eight years.
Growth Factors:
- Increasing demand from construction and automotive industries
- Rising demand for steel wire in the developing countries
- Growing use of steel wire in electrical and electronic applications
- Technological advancements in the production of steel wire
- Stringent government regulations for safety and quality
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Wire Market Research Report
By Type
Carbon Steel Wire, Alloy Steel Wire, Stainless Steel Wire
By Application
Building, Ship, Railway, Other
By Companies
Ansteel Group, ArcelorMittal, China Baowu Steel Group, Bridon International, Gerdau, HBIS, Heico Wire, Davis Wire, National Standard, Insteel Industries, JFE Steel, Jiangsu Shagang, Kobe 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
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Steel Wire Market Report Segments:
The global Steel Wire market is segmented on the basis of:
Types
Carbon Steel Wire, Alloy Steel Wire, Stainless 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
Building, Ship, Railway, 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:
- Ansteel Group
- ArcelorMittal
- China Baowu Steel Group
- Bridon International
- Gerdau
- HBIS
- Heico Wire
- Davis Wire
- National Standard
- Insteel Industries
- JFE Steel
- Jiangsu Shagang
- Kobe Steel
Highlights of The 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:
- Carbon Steel Wire
- Alloy Steel Wire
- Stainless Steel Wire
- By Application:
- Building
- Ship
- Railway
- 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 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?
Steel wire is a type of metal wire that is made from steel. It is used to make wires and cables, as well as other objects.
Some of the major players in the steel wire market are Ansteel Group, ArcelorMittal, China Baowu Steel Group, Bridon International, Gerdau, HBIS, Heico Wire, Davis Wire, National Standard, Insteel Industries, JFE Steel, Jiangsu Shagang, Kobe Steel.
The 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. 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. 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. Steel Wire Market - Supply Chain
4.5. Global Steel Wire Market Forecast
4.5.1. Steel Wire Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Steel Wire Market Size (000 Units) and Y-o-Y Growth
4.5.3. Steel Wire Market Absolute $ Opportunity
5. Global 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. Steel Wire Market Size and Volume Forecast by Type
5.3.1. Carbon Steel Wire
5.3.2. Alloy Steel Wire
5.3.3. Stainless Steel Wire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global 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. Steel Wire Market Size and Volume Forecast by Application
6.3.1. Building
6.3.2. Ship
6.3.3. Railway
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global 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. 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 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. 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 Steel Wire Demand Share Forecast, 2019-2029
9. North America 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 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 Steel Wire Market Size and Volume Forecast by Application
9.4.1. Building
9.4.2. Ship
9.4.3. Railway
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Steel Wire Market Size and Volume Forecast by Type
9.7.1. Carbon Steel Wire
9.7.2. Alloy Steel Wire
9.7.3. Stainless 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 Steel Wire Demand Share Forecast, 2019-2029
10. Latin America 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 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 Steel Wire Market Size and Volume Forecast by Application
10.4.1. Building
10.4.2. Ship
10.4.3. Railway
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Steel Wire Market Size and Volume Forecast by Type
10.7.1. Carbon Steel Wire
10.7.2. Alloy Steel Wire
10.7.3. Stainless 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 Steel Wire Demand Share Forecast, 2019-2029
11. Europe 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 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 Steel Wire Market Size and Volume Forecast by Application
11.4.1. Building
11.4.2. Ship
11.4.3. Railway
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Steel Wire Market Size and Volume Forecast by Type
11.7.1. Carbon Steel Wire
11.7.2. Alloy Steel Wire
11.7.3. Stainless 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 Steel Wire Demand Share, 2019-2029
12. Asia Pacific 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 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 Steel Wire Market Size and Volume Forecast by Application
12.4.1. Building
12.4.2. Ship
12.4.3. Railway
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Steel Wire Market Size and Volume Forecast by Type
12.7.1. Carbon Steel Wire
12.7.2. Alloy Steel Wire
12.7.3. Stainless 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 Steel Wire Demand Share, 2019-2029
13. Middle East & Africa 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 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 Steel Wire Market Size and Volume Forecast by Application
13.4.1. Building
13.4.2. Ship
13.4.3. Railway
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Steel Wire Market Size and Volume Forecast by Type
13.7.1. Carbon Steel Wire
13.7.2. Alloy Steel Wire
13.7.3. Stainless 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 Steel Wire Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Steel Wire Market: Market Share Analysis
14.2. Steel Wire Distributors and Customers
14.3. Steel Wire Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ansteel 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. ArcelorMittal
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. China Baowu Steel Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Bridon International
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Gerdau
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. HBIS
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Heico Wire
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Davis 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. National Standard
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Insteel Industries
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. JFE Steel
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Jiangsu Shagang
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Kobe Steel
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
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
