Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Steel Wire Market by Type (Carbon Steel Wire, Alloy Steel Wire, Stainless Steel Wire), By Application (Building, Ship, Railway, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Steel Wire Market by Type (Carbon Steel Wire, Alloy Steel Wire, Stainless Steel Wire), By Application (Building, Ship, Railway, Other) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 137529 3300 Chemical & Material 377 234 Pages 4.5 (45)

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.

Global Steel Wire Industry Outlook

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


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


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:


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.


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:

  1. Ansteel Group
  2. ArcelorMittal
  3. China Baowu Steel Group
  4. Bridon International
  5. Gerdau
  6. HBIS
  7. Heico Wire
  8. Davis Wire
  9. National Standard
  10. Insteel Industries
  11. JFE Steel
  12. Jiangsu Shagang
  13. Kobe Steel

Global Steel Wire Market Overview

Highlights of The Steel Wire Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Carbon Steel Wire
    2. Alloy Steel Wire
    3. Stainless Steel Wire
  1. By Application:

    1. Building
    2. Ship
    3. Railway
    4. Other
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Steel Wire Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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 Overview Financials Developments Strategic Outlook
      14.4.2. ArcelorMittal Overview Financials Developments Strategic Outlook
      14.4.3. China Baowu Steel Group Overview Financials Developments Strategic Outlook
      14.4.4. Bridon International Overview Financials Developments Strategic Outlook
      14.4.5. Gerdau Overview Financials Developments Strategic Outlook
      14.4.6. HBIS Overview Financials Developments Strategic Outlook
      14.4.7. Heico Wire Overview Financials Developments Strategic Outlook
      14.4.8. Davis Wire Overview Financials Developments Strategic Outlook
      14.4.9. National Standard Overview Financials Developments Strategic Outlook
      14.4.10. Insteel Industries Overview Financials Developments Strategic Outlook
      14.4.11. JFE Steel Overview Financials Developments Strategic Outlook
      14.4.12. Jiangsu Shagang Overview Financials Developments Strategic Outlook
      14.4.13. Kobe Steel Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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