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Global Steel Wire Market to reach USD 140.13 billion by 2027.

Global Steel Wire Market Size study, by Form (Non-rope, Rope), by Type (Carbon Steel, Alloy Steel, Stainless Steel), by End-User Industry (Construction, Automotive, Energy, Agriculture, Industrial), and Regional Forecasts 2020-2027

Product Code: OIRIGAS_61805938
Publish Date: 15-11-2020
Page: 200

Global Steel Wire Market is valued at approximately USD 87.92 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6 % over the forecast period 2020-2027. Steel wire is available in helix formation, very flexible and circular in cross section, made from various metals and alloys, including iron, steel, brass, widely used in tyre wire, hoses, galvanized wire and strands, ACSR strands and conductor cable armoring, springs, fasteners, pins, staples, mesh, fencing, screws, nails, barbed wire, locks, etc. The factors driving the market could be attributed to heavy use in construction segment. In terms of volume, the construction industry is the largest application industry in the global steel wire market. In the construction industry, steel wire finds large applications in road, river & railway bridges and flyovers, atomic reactor domes, slabs, silos, hangers, aqueducts, high-rise buildings, viaducts, and sleeper railway construction. It is expected that increased demand from these applications would boost the market growth. In addition to that, these wires have an excellent resistance to impact, longevity, high strength, abrasion, and corrosion resistance. In the coming years, these factors are expected to drive the growth of the industry. As of January 2019, Continental AG signed a supply contract with Byelorussian Steel Works a in order to deliver around 32.8 thousand tons of steel cords. This agreement helped company to maintain their competitive position in the market. In April 2018, Bridon-Bekaert Ropes Group was acquired by Bekaert SA and took full ownership. This strategic move was executed by the organization to spread out their company internationally and generate substantial value over the period. However, compared to steel wire ropes, plastic ropes have higher strength and lower weight, and plastic ropes are likely to become a stronger alternative to traditional ropes. There is limited stretch of plastic ropes, and even though the rope splits, it falls to the ground without snapping back like wire rope, causing no injuries. Thus, hampering the progress of the market.

The regional analysis of the global Steel Wire Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of Market share owing due to the rising demand for meat products in emerging and developing countries such as India, China, and South Korea. Whereas Asia Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, Owing to the rise in the buying power of the population and demand for protein-rich meat diets in the region.

Major Market player included in this report are:

Nippon Steel
JFE Steel Corporation
TATA Steel Limited
Kobe Steel, Ltd.
JSW Steel Ltd.
Bekaert SA
The Heico Companies
Ferrier Nord
Byelorussian Steel Works

The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro-Markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the Market are explained below:

By Form:
By Type:
Carbon Steel
Alloy Steel
Stainless Steel

By End-User Industry:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027.

Target Audience of the Global Steel Wire Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion)
1.2.1. Steel Wire Market, by Region, 2018-2027 (USD Billion)
1.2.2. Steel Wire Market, by Type, 2018-2027 (USD Billion)
1.2.3. Steel Wire Market, by Form, 2018-2027 (USD Billion)
1.2.4 Steel Wire Market, by End user, 2018-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Steel Wire Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Processing Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Steel Wire Market Dynamics
3.1. Steel Wire Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Steel Wire Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Steel Wire Market, by Type
5.1. Market Snapshot
5.2. Global Steel Wire Market by type, Performance – Potential Analysis
5.3. Global Steel Wire Market Estimates & Forecasts by Type 2017-2027 (USD Billion)
5.4. Steel Wire Market, Sub Segment Analysis
5.4.1. Carbon Steel
5.4.2. Alloy Steel
5.4.3. Stainless Steel
5.4.4. Global Steel Wire Market, by Form
5.5. Market Snapshot
5.6. Global Steel Wire Market by Form, Performance – Potential Analysis
5.7. Global Steel Wire Market Estimates & Forecasts by Form 2017-2027 (USD Billion)
5.8. Steel Wire Market, Sub Segment Analysis
5.8.1. Rope
5.8.2. Non-Rope
5.8.3. Global Steel Wire Market, by End User
5.9. Market Snapshot
5.10. Global Steel Wire Market by End user, Performance – Potential Analysis
5.11. Global Steel Wire Market Estimates & Forecasts by End User 2017-2027 (USD Billion)
5.12. Steel Wire Market, Sub Segment Analysis
5.12.1. Construction
5.12.2. Automotive
5.12.3. Energy
5.12.4. Agriculture
5.12.5. Industrial
Chapter 6. Global Steel Wire Market, Regional Analysis
6.1. Steel Wire Market, Regional Market Snapshot
6.2. North America Steel Wire Market
6.2.1. U.S. Steel Wire Market Type breakdown estimates & forecasts, 2017-2027 Form breakdown estimates & forecasts, 2017-2027 End user breakdown estimates & forecasts, 2017-2027
6.2.2. Canada Steel Wire Market
6.3. Europe Steel Wire Market Snapshot
6.3.1. U.K. Steel Wire Market
6.3.2. Germany Steel Wire Market
6.3.3. France Steel Wire Market
6.3.4. Spain Steel Wire Market
6.3.5. Italy Steel Wire Market
6.3.6. Rest of Europe Steel Wire Market
6.4. Asia-Pacific Steel Wire Market Snapshot
6.4.1. China Steel Wire Market
6.4.2. India Steel Wire Market
6.4.3. Japan Steel Wire Market
6.4.4. Australia Steel Wire Market
6.4.5. South Korea Steel Wire Market
6.4.6. Rest of Asia Pacific Steel Wire Market
6.5. Latin America Steel Wire Market Snapshot
6.5.1. Brazil Steel Wire Market
6.5.2. Mexico Steel Wire Market
6.6. Rest of The World Steel Wire Market

Chapter 7. Competitive Intelligence
7.1. Top Market Strategies
7.2. Company Profiles
7.2.1. ArcelorMittal Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
7.2.2. Nippon Steel
7.2.3. JFE Steel Corporation
7.2.4. TATA Steel Limited
7.2.5. Kobe Steel, Ltd.
7.2.6. JSW Steel Ltd.
7.2.7. Bekaert SA
7.2.8. The Heico Companies
7.2.9. Ferrier Nord
7.2.10. Byelorussian Steel Works

Chapter 8. Research Process
8.1. Research Process
8.1.1. Data Mining
8.1.2. Analysis
8.1.3. Market Estimation
8.1.4. Validation
8.1.5. Publishing
8.2. Research Attributes
8.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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