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From 2024–2031, the worldwide market for long steel products is projected to expand from an initial valuation of USD 705.59 billion, with a CAGR (compound annual growth rate) of 7.1%.
The rising demand for long steel products in the global construction and infrastructure industry is expected to propel the market. The increasing demand for residential homes, driven by population growth, is driving the building and construction industry's huge demand. The need for long steel goods in the construction industry has been driven by the increasing number of infrastructure projects around the world. These projects include metro projects, railway bridges, roads, and mega city projects.
The worldwide market for long steel products, which includes structural forms, bars, and rods, has been expanding at a steady rate over the past few years. Infrastructure development, building activity, and industrial growth are some of the variables that impact the industry. Building frames and support structures are common uses for long steel products in the construction sector.
The demand for long steel goods is influenced by the automotive and manufacturing sectors, which in turn affects market dynamics. The long steel products market is constantly changing due to factors such as technical breakthroughs in steel production methods, sustainable practices, and fluctuating raw material prices.
The global increase in energy prices and sea freight rates has also contributed significantly to the soaring costs of rebar. Thanks to these reasons, American manufacturers have decided to jack up their costs. A product's final price tag could change depending on the state of the market for its primary ingredients. The expansion of markets around the world has been hindered by major geopolitical events, fluctuations in demand, and spikes in the prices of raw materials. The market's potential for expansion is limited by the unpredictability of global prices.
Building frameworks and support structures rely on long steel goods like bars and structural forms, which are in high demand due to the vigorous construction activities happening all over the world. The industry is being propelled forward by the expansion of infrastructure projects and the expanding urbanization. Building frameworks and support structures rely on long steel goods like bars and structural forms, which are in high demand due to the vigorous construction activities happening all over the world. The industry is being propelled forward by the expansion of infrastructure projects and the expanding urbanization.
The industry's increasing focus on environmentally conscious and sustainable methods. More and more, factories are switching to more environmentally friendly production processes, with an emphasis on cutting down on carbon emissions and energy use. Technological progress also plays an important part; for example, new methods of producing steel have greatly improved both productivity and quality. More and more, digitalization and automation are finding their way into production processes, which is good news for the market because it means more precision and lower operational costs.
Some of the many uses for these wires include welding electrodes, barbed wire, cable, and fence. Other fasteners made from these rods include screws, nails, and bolts, which find usage in both industrial and building contexts. Wire rods are essential in the electrical sector for the creation of conductors, wires, and cables that carry and distribute electricity.
The oil and gas, automobile, construction, and aerospace industries, among many others, rely heavily on steel tube production. The growing number of end-use sectors is driving up the need for tubes on a global scale. The tubes' adaptability and versatility have made them highly sought-after in a variety of markets. The construction, oil and gas, automotive, manufacturing, and aerospace sectors are just a few of the many that rely on them heavily.
Report Coverage
Global Long Steel Products research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Long Steel Products report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Long Steel Products competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Long Steel Products market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Long Steel Products market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Long Steel Products market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ArcelorMittal (Luxembourg), Gerdau S.A. (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), Nucor Corporation (United States), HBIS Group (China), Shougang Group (China), JFE Steel Corporation (Japan), Tata Steel (India), Shandong Steel Group (China), Jiangsu Shagang Group (China), Baowu Steel Group (China), Ansteel Group (China), JSW Steel (India), Tenaris (Luxembourg), SSAB (Sweden), BlueScope Steel (Australia), Evraz (Russia), Magnitogorsk Iron and Steel Works (Russia), Voestalpine (Austria).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Long Steel Products market based on the below-mentioned segments:
Global Long Steel Products Market, By Product
Rebars
Wire Rods
Sections
Tubes
Global Long Steel Products Market, By End User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
Global Long Steel Products market, Regional Analysis
The rising demand for long steel products in the global construction and infrastructure industry is expected to propel the market. The increasing demand for residential homes, driven by population growth, is driving the building and construction industry's huge demand. The need for long steel goods in the construction industry has been driven by the increasing number of infrastructure projects around the world. These projects include metro projects, railway bridges, roads, and mega city projects.
The worldwide market for long steel products, which includes structural forms, bars, and rods, has been expanding at a steady rate over the past few years. Infrastructure development, building activity, and industrial growth are some of the variables that impact the industry. Building frames and support structures are common uses for long steel products in the construction sector.
The demand for long steel goods is influenced by the automotive and manufacturing sectors, which in turn affects market dynamics. The long steel products market is constantly changing due to factors such as technical breakthroughs in steel production methods, sustainable practices, and fluctuating raw material prices.
The global increase in energy prices and sea freight rates has also contributed significantly to the soaring costs of rebar. Thanks to these reasons, American manufacturers have decided to jack up their costs. A product's final price tag could change depending on the state of the market for its primary ingredients. The expansion of markets around the world has been hindered by major geopolitical events, fluctuations in demand, and spikes in the prices of raw materials. The market's potential for expansion is limited by the unpredictability of global prices.
Building frameworks and support structures rely on long steel goods like bars and structural forms, which are in high demand due to the vigorous construction activities happening all over the world. The industry is being propelled forward by the expansion of infrastructure projects and the expanding urbanization. Building frameworks and support structures rely on long steel goods like bars and structural forms, which are in high demand due to the vigorous construction activities happening all over the world. The industry is being propelled forward by the expansion of infrastructure projects and the expanding urbanization.
The industry's increasing focus on environmentally conscious and sustainable methods. More and more, factories are switching to more environmentally friendly production processes, with an emphasis on cutting down on carbon emissions and energy use. Technological progress also plays an important part; for example, new methods of producing steel have greatly improved both productivity and quality. More and more, digitalization and automation are finding their way into production processes, which is good news for the market because it means more precision and lower operational costs.
Some of the many uses for these wires include welding electrodes, barbed wire, cable, and fence. Other fasteners made from these rods include screws, nails, and bolts, which find usage in both industrial and building contexts. Wire rods are essential in the electrical sector for the creation of conductors, wires, and cables that carry and distribute electricity.
The oil and gas, automobile, construction, and aerospace industries, among many others, rely heavily on steel tube production. The growing number of end-use sectors is driving up the need for tubes on a global scale. The tubes' adaptability and versatility have made them highly sought-after in a variety of markets. The construction, oil and gas, automotive, manufacturing, and aerospace sectors are just a few of the many that rely on them heavily.
Report Coverage
Global Long Steel Products research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Long Steel Products report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Long Steel Products competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Long Steel Products market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ArcelorMittal (Luxembourg), Gerdau S.A. (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), Nucor Corporation (United States), HBIS Group (China), Shougang Group (China), JFE Steel Corporation (Japan), Tata Steel (India), Shandong Steel Group (China), Jiangsu Shagang Group (China), Baowu Steel Group (China), Ansteel Group (China), JSW Steel (India), Tenaris (Luxembourg), SSAB (Sweden), BlueScope Steel (Australia), Evraz (Russia), Magnitogorsk Iron and Steel Works (Russia), Voestalpine (Austria). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Long Steel Products Market from 2021 to 2031.
- Market Forecast for Long Steel Products Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Long Steel Products competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Long Steel Products
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Long Steel Products market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Long Steel Products market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ArcelorMittal (Luxembourg), Gerdau S.A. (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), POSCO (South Korea), Nucor Corporation (United States), HBIS Group (China), Shougang Group (China), JFE Steel Corporation (Japan), Tata Steel (India), Shandong Steel Group (China), Jiangsu Shagang Group (China), Baowu Steel Group (China), Ansteel Group (China), JSW Steel (India), Tenaris (Luxembourg), SSAB (Sweden), BlueScope Steel (Australia), Evraz (Russia), Magnitogorsk Iron and Steel Works (Russia), Voestalpine (Austria).
Primary Target Market
- Market Players of Long Steel Products
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Long Steel Products market based on the below-mentioned segments:
Global Long Steel Products Market, By Product
Rebars
Wire Rods
Sections
Tubes
Global Long Steel Products Market, By End User
Building & Construction
Automotive & Aerospace
Railways & Highway
Others
Global Long Steel Products market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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