Steel Wire Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Steel Wire Market covers analysis by Grade (Carbon Steel Wire, Alloy Steel Wire, Stainless Steel Wire); Application (Building, Ship, Railway, Other) , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Mar 2024

  • Report Code : TIPRE00011060
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET INTRODUCTION

The stainless steel wire ropes are ideal modern alternative for the traditional materials that offers a perfect combination of style and functionality. Whether the project is for the renovation of old buildings or new buildings, the stainless steel wire ropes offers a wide range of options and benefits. The stainless steel offers various advantages to architectural or ornamental metal users. The significant advantage of stainless steel includes their high corrosion resistance quality that allows being used harsh environmental conditions. The resistance to fire and heat of stainless steel helps them to resist scaling and retain strength during high temperatures.

MARKET DYNAMICS

The steel wire market has witnessed significant growth owing to factors such as rapid growth of the construction industry in developed and developing countries coupled with the rising residential and commercial construction by government and private firms. Moreover, the development of schools and hospitals in developing countries provides a significant opportunity for the key players operating in the steel wire market over the forecast period. However, higher prices of steel wire and the availability of alternative products is projected to hamper the overall growth of the steel wire market.

MARKET SCOPE

The "Global Steel Wire Market Analysis to 2028" is a specialized and in-depth study of the Chemicals and Materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the steel wire market with detailed market segmentation by grade, application and geography. The global steel wire market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading steel wire market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global steel wire market is segmented on the basis of grade and application. On the basis of grade the global steel wire market is bifurcated into carbon steel wire, alloy steel wire, and stainless steel wire. Based on application, the market is divided into building, ship, railway, and other.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global steel wire market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The steel wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the steel wire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the steel wire market in these regions.

World Geography

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MARKET PLAYERS


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global steel wire market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The steel wire market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the steel wire market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the steel wire market in these regions.

MARKET PLAYERS

The reports cover key developments in the steel wire market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from steel wire market are anticipated to lucrative growth opportunities in the future with the rising demand for steel wire in the global market. Below mentioned is the list of few companies engaged in the steel wire market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the steel wire market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.


  •  Ansteel Group
  •  ArcelorMittal
  •  Bridon International
  •  China Baowu Steel Group
  •  Davis Wire
  •  Gerdau
  •  HBIS
  •  Heico Wire
  •  Insteel Industries
  •  National Standard


The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Steel Wire Market - By Grade
1.3.2 Steel Wire Market - By Application
1.3.3 Steel Wire Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. STEEL WIRE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. STEEL WIRE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. STEEL WIRE MARKET - GLOBAL MARKET ANALYSIS
6.1. STEEL WIRE - GLOBAL MARKET OVERVIEW
6.2. STEEL WIRE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. STEEL WIRE MARKET - REVENUE AND FORECASTS TO 2028 - GRADE
7.1. OVERVIEW
7.2. GRADE MARKET FORECASTS AND ANALYSIS
7.3. CARBON STEEL WIRE
7.3.1. Overview
7.3.2. Carbon Steel Wire Market Forecast and Analysis
7.4. ALLOY STEEL WIRE
7.4.1. Overview
7.4.2. Alloy Steel Wire Market Forecast and Analysis
7.5. STAINLESS STEEL WIRE
7.5.1. Overview
7.5.2. Stainless Steel Wire Market Forecast and Analysis
8. STEEL WIRE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BUILDING
8.3.1. Overview
8.3.2. Building Market Forecast and Analysis
8.4. SHIP
8.4.1. Overview
8.4.2. Ship Market Forecast and Analysis
8.5. RAILWAY
8.5.1. Overview
8.5.2. Railway Market Forecast and Analysis
8.6. OTHER
8.6.1. Overview
8.6.2. Other Market Forecast and Analysis

9. STEEL WIRE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Steel Wire Market Overview
9.1.2 North America Steel Wire Market Forecasts and Analysis
9.1.3 North America Steel Wire Market Forecasts and Analysis - By Grade
9.1.4 North America Steel Wire Market Forecasts and Analysis - By Application
9.1.5 North America Steel Wire Market Forecasts and Analysis - By Countries
9.1.5.1 United States Steel Wire Market
9.1.5.1.1 United States Steel Wire Market by Grade
9.1.5.1.2 United States Steel Wire Market by Application
9.1.5.2 Canada Steel Wire Market
9.1.5.2.1 Canada Steel Wire Market by Grade
9.1.5.2.2 Canada Steel Wire Market by Application
9.1.5.3 Mexico Steel Wire Market
9.1.5.3.1 Mexico Steel Wire Market by Grade
9.1.5.3.2 Mexico Steel Wire Market by Application
9.2. EUROPE
9.2.1 Europe Steel Wire Market Overview
9.2.2 Europe Steel Wire Market Forecasts and Analysis
9.2.3 Europe Steel Wire Market Forecasts and Analysis - By Grade
9.2.4 Europe Steel Wire Market Forecasts and Analysis - By Application
9.2.5 Europe Steel Wire Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Steel Wire Market
9.2.5.1.1 Germany Steel Wire Market by Grade
9.2.5.1.2 Germany Steel Wire Market by Application
9.2.5.2 France Steel Wire Market
9.2.5.2.1 France Steel Wire Market by Grade
9.2.5.2.2 France Steel Wire Market by Application
9.2.5.3 Italy Steel Wire Market
9.2.5.3.1 Italy Steel Wire Market by Grade
9.2.5.3.2 Italy Steel Wire Market by Application
9.2.5.4 United Kingdom Steel Wire Market
9.2.5.4.1 United Kingdom Steel Wire Market by Grade
9.2.5.4.2 United Kingdom Steel Wire Market by Application
9.2.5.5 Russia Steel Wire Market
9.2.5.5.1 Russia Steel Wire Market by Grade
9.2.5.5.2 Russia Steel Wire Market by Application
9.2.5.6 Rest of Europe Steel Wire Market
9.2.5.6.1 Rest of Europe Steel Wire Market by Grade
9.2.5.6.2 Rest of Europe Steel Wire Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Steel Wire Market Overview
9.3.2 Asia-Pacific Steel Wire Market Forecasts and Analysis
9.3.3 Asia-Pacific Steel Wire Market Forecasts and Analysis - By Grade
9.3.4 Asia-Pacific Steel Wire Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Steel Wire Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Steel Wire Market
9.3.5.1.1 Australia Steel Wire Market by Grade
9.3.5.1.2 Australia Steel Wire Market by Application
9.3.5.2 China Steel Wire Market
9.3.5.2.1 China Steel Wire Market by Grade
9.3.5.2.2 China Steel Wire Market by Application
9.3.5.3 India Steel Wire Market
9.3.5.3.1 India Steel Wire Market by Grade
9.3.5.3.2 India Steel Wire Market by Application
9.3.5.4 Japan Steel Wire Market
9.3.5.4.1 Japan Steel Wire Market by Grade
9.3.5.4.2 Japan Steel Wire Market by Application
9.3.5.5 South Korea Steel Wire Market
9.3.5.5.1 South Korea Steel Wire Market by Grade
9.3.5.5.2 South Korea Steel Wire Market by Application
9.3.5.6 Rest of Asia-Pacific Steel Wire Market
9.3.5.6.1 Rest of Asia-Pacific Steel Wire Market by Grade
9.3.5.6.2 Rest of Asia-Pacific Steel Wire Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Steel Wire Market Overview
9.4.2 Middle East and Africa Steel Wire Market Forecasts and Analysis
9.4.3 Middle East and Africa Steel Wire Market Forecasts and Analysis - By Grade
9.4.4 Middle East and Africa Steel Wire Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Steel Wire Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Steel Wire Market
9.4.5.1.1 South Africa Steel Wire Market by Grade
9.4.5.1.2 South Africa Steel Wire Market by Application
9.4.5.2 Saudi Arabia Steel Wire Market
9.4.5.2.1 Saudi Arabia Steel Wire Market by Grade
9.4.5.2.2 Saudi Arabia Steel Wire Market by Application
9.4.5.3 U.A.E Steel Wire Market
9.4.5.3.1 U.A.E Steel Wire Market by Grade
9.4.5.3.2 U.A.E Steel Wire Market by Application
9.4.5.4 Rest of Middle East and Africa Steel Wire Market
9.4.5.4.1 Rest of Middle East and Africa Steel Wire Market by Grade
9.4.5.4.2 Rest of Middle East and Africa Steel Wire Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Steel Wire Market Overview
9.5.2 South and Central America Steel Wire Market Forecasts and Analysis
9.5.3 South and Central America Steel Wire Market Forecasts and Analysis - By Grade
9.5.4 South and Central America Steel Wire Market Forecasts and Analysis - By Application
9.5.5 South and Central America Steel Wire Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Steel Wire Market
9.5.5.1.1 Brazil Steel Wire Market by Grade
9.5.5.1.2 Brazil Steel Wire Market by Application
9.5.5.2 Argentina Steel Wire Market
9.5.5.2.1 Argentina Steel Wire Market by Grade
9.5.5.2.2 Argentina Steel Wire Market by Application
9.5.5.3 Rest of South and Central America Steel Wire Market
9.5.5.3.1 Rest of South and Central America Steel Wire Market by Grade
9.5.5.3.2 Rest of South and Central America Steel Wire Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. STEEL WIRE MARKET, KEY COMPANY PROFILES
11.1. ANSTEEL GROUP
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARCELORMITTAL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BRIDON INTERNATIONAL
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CHINA BAOWU STEEL GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DAVIS WIRE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GERDAU
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HBIS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. HEICO WIRE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. INSTEEL INDUSTRIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. NATIONAL STANDARD
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

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

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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