The global wire rod market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 4.2 billion by 2030. The growth of this market is driven by the increasing demand for wire rods in various applications such as industrial fasteners, automobile springs, industrial springs, welding and auto components. Wire rods are used in various industries such as automotive industry and construction industry for manufacturing different types of products such as automobile springs and industrial springs respectively. The automotive industry is one of the major end-users of wire rods which are used in manufacturing automobile components like car seats and car bumpers among others.
Electronic wire accounted for the largest share in 2017 owing to its high demand from industries like electronics and electricals which use it extensively for manufacturing electronic devices like computers, televisions among others. Magnet wire accounted for the second largest share due to its high demand from industries like electricals which use it extensively for manufacturing electric motors among other products while trolley wires accounted for the third largest share due to its high demand from industries like transportation which use it extensively in making railway tracks among other products.
Some Of The Growth Factors Of This Market:
- Increasing demand for wire rod in the construction industry.
- Increasing demand for wire rod in the automotive industry.
- Increasing demand for wire rod in the electrical and electronics industry.
- Rising steel prices.
- Growing population.
Industry Growth Insights published a new data on “Wire Rod Market”. The research report is titled “Wire Rod Market research by Types (Electronic wire, Magnet wire, Trolley wire), By Applications (Industrial fasteners, Automobile springs, Industrial springs, Welding, Auto components, Roller bearing, Ball bearings), By Players/Companies Mitsubishi Materials, KOBE STEEL, Sharu Steel, Jaway Steel, Emirates Steel, Taubensee, TYCOONS, Prakash, British Steel, Voestalpine, ArcelorMittal, Feng Yi Steel, Palco Metals, JSW, Feralpi Siderurgica”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Rod Market Research Report
By Type
Electronic wire, Magnet wire, Trolley wire
By Application
Industrial fasteners, Automobile springs, Industrial springs, Welding, Auto components, Roller bearing, Ball bearings
By Companies
Mitsubishi Materials, KOBE STEEL, Sharu Steel, Jaway Steel, Emirates Steel, Taubensee, TYCOONS, Prakash, British Steel, Voestalpine, ArcelorMittal, Feng Yi Steel, Palco Metals, JSW, Feralpi Siderurgica
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
248
Number of Tables & Figures
174
Customization Available
Yes, the report can be customized as per your need.
Global Wire Rod Market Report Segments:
The global Wire Rod market is segmented on the basis of:
Types
Electronic wire, Magnet wire, Trolley 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
Industrial fasteners, Automobile springs, Industrial springs, Welding, Auto components, Roller bearing, Ball bearings
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:
- Mitsubishi Materials
- KOBE STEEL
- Sharu Steel
- Jaway Steel
- Emirates Steel
- Taubensee
- TYCOONS
- Prakash
- British Steel
- Voestalpine
- ArcelorMittal
- Feng Yi Steel
- Palco Metals
- JSW
- Feralpi Siderurgica
Highlights of The Wire Rod 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:
- Electronic wire
- Magnet wire
- Trolley wire
- By Application:
- Industrial fasteners
- Automobile springs
- Industrial springs
- Welding
- Auto components
- Roller bearing
- Ball bearings
- 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 Wire Rod 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?
Wire rod is a type of metal rod used in various industrial applications. It is made from a variety of metals, including steel and aluminum, and has a diameter ranging from 0.1 to 6 inches (2 to 15 cm). Wire rods are often used as part of wire mesh or fabric reinforcement, or in the production of wires and cables.
Some of the major companies in the wire rod market are Mitsubishi Materials, KOBE STEEL, Sharu Steel, Jaway Steel, Emirates Steel, Taubensee, TYCOONS, Prakash, British Steel, Voestalpine, ArcelorMittal, Feng Yi Steel, Palco Metals, JSW, Feralpi Siderurgica.
The wire rod market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wire Rod 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. Wire Rod Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wire Rod Market - Supply Chain
4.5. Global Wire Rod Market Forecast
4.5.1. Wire Rod Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wire Rod Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wire Rod Market Absolute $ Opportunity
5. Global Wire Rod 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. Wire Rod Market Size and Volume Forecast by Type
5.3.1. Electronic wire
5.3.2. Magnet wire
5.3.3. Trolley wire
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wire Rod 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. Wire Rod Market Size and Volume Forecast by Application
6.3.1. Industrial fasteners
6.3.2. Automobile springs
6.3.3. Industrial springs
6.3.4. Welding
6.3.5. Auto components
6.3.6. Roller bearing
6.3.7. Ball bearings
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wire Rod 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. Wire Rod 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 Wire Rod 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. Wire Rod 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 Wire Rod Demand Share Forecast, 2019-2026
9. North America Wire Rod 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 Wire Rod 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 Wire Rod Market Size and Volume Forecast by Application
9.4.1. Industrial fasteners
9.4.2. Automobile springs
9.4.3. Industrial springs
9.4.4. Welding
9.4.5. Auto components
9.4.6. Roller bearing
9.4.7. Ball bearings
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wire Rod Market Size and Volume Forecast by Type
9.7.1. Electronic wire
9.7.2. Magnet wire
9.7.3. Trolley 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 Wire Rod Demand Share Forecast, 2019-2026
10. Latin America Wire Rod 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 Wire Rod 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 Wire Rod Market Size and Volume Forecast by Application
10.4.1. Industrial fasteners
10.4.2. Automobile springs
10.4.3. Industrial springs
10.4.4. Welding
10.4.5. Auto components
10.4.6. Roller bearing
10.4.7. Ball bearings
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wire Rod Market Size and Volume Forecast by Type
10.7.1. Electronic wire
10.7.2. Magnet wire
10.7.3. Trolley 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 Wire Rod Demand Share Forecast, 2019-2026
11. Europe Wire Rod 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 Wire Rod 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 Wire Rod Market Size and Volume Forecast by Application
11.4.1. Industrial fasteners
11.4.2. Automobile springs
11.4.3. Industrial springs
11.4.4. Welding
11.4.5. Auto components
11.4.6. Roller bearing
11.4.7. Ball bearings
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wire Rod Market Size and Volume Forecast by Type
11.7.1. Electronic wire
11.7.2. Magnet wire
11.7.3. Trolley 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 Wire Rod Demand Share, 2019-2026
12. Asia Pacific Wire Rod 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 Wire Rod 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 Wire Rod Market Size and Volume Forecast by Application
12.4.1. Industrial fasteners
12.4.2. Automobile springs
12.4.3. Industrial springs
12.4.4. Welding
12.4.5. Auto components
12.4.6. Roller bearing
12.4.7. Ball bearings
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wire Rod Market Size and Volume Forecast by Type
12.7.1. Electronic wire
12.7.2. Magnet wire
12.7.3. Trolley 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 Wire Rod Demand Share, 2019-2026
13. Middle East & Africa Wire Rod 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 Wire Rod 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 Wire Rod Market Size and Volume Forecast by Application
13.4.1. Industrial fasteners
13.4.2. Automobile springs
13.4.3. Industrial springs
13.4.4. Welding
13.4.5. Auto components
13.4.6. Roller bearing
13.4.7. Ball bearings
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wire Rod Market Size and Volume Forecast by Type
13.7.1. Electronic wire
13.7.2. Magnet wire
13.7.3. Trolley 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 Wire Rod Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wire Rod Market: Market Share Analysis
14.2. Wire Rod Distributors and Customers
14.3. Wire Rod Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mitsubishi Materials
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KOBE STEEL
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sharu Steel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Jaway Steel
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Emirates Steel
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Taubensee
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. TYCOONS
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Prakash
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. British 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. Voestalpine
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. ArcelorMittal
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Feng Yi 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. Palco Metals
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. JSW
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Feralpi Siderurgica
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
