Zaslal: út 03. říjen, 2023 9:46 Předmět: Steel Wire Market Growth Trends Analysis | Emergen Research
The Global Steel Wire Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Steel Wire Market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.
The global steel wire market size reached USD 98.96 Billion in 2021 and is expected to register a revenue CAGR of 5.5% during the forecast period, according to latest analysis by Emergen Research. Significant investments in construction of fences for various applications and purposes is a major factor driving market revenue growth. In addition, initiatives being undertaken by government bodies to install restraints to avoid human-animal conflicts and need to change fences from time to time are driving revenue growth of the market. Steel wires are preferred for fence construction due to ease of installation, visibility, and durability.
However, wide availability of plastic and hybrid ropes as a replacement for steel ropes is a major factor restraining market revenue growth. Steel ropes are used in the construction of cranes, elevators, and others but due to disruptions in the supply chains and cost-effectiveness associated with the manufacturing of plastic and hybrid ropes, small & medium-scale industries are shifting towards the aforementioned alternatives.
The report emphasizes the demands and trends for the Steel Wire market in the global market, more importantly, in the market that is spread across the major regions of the country. These major regions include North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Steel Wire market is further segmented on the basis of product types offered in the market, application spectrum, leading manufacturers/companies, and key geographical regions.
The major companies Covered in the report are:
ArcelorMittal, HBIS Group, Nippon Steel Corporation, Bekaert, Tata Steel, JSW Steel, Kobe Steel, Ltd., JFE Steel Corporation, Heiko Companies, Insteel Industries, Inc., Fagersta Stainless AB, and GP Steel Manufacturing SA
Significant Features of the Steel Wire Market Report:
Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
Assessment of the existing and emerging trends of the business sphere
Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
Significant breakdown of the market to assess the factors that might influence the global market growth
An 8-year forecast for better understanding of the workings and growth opportunities of the market
Extensive analysis of the key geographical regions to assess market share, market size, production and consumption, revenue contribution, and supply and demand ratio
Comprehensive overview of the Steel Wire market on a regional and global level
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The Steel Wire market offers strategic insights that provide fruitful information to the readers to help them capitalize on the business offerings. Market share data is also available on a global and regional level.
Segments Covered in this report are:
Type Outlook (Revenue, USD Billion; 2019-2030)
Carbon Steel
Alloy Steel
Stainless Steel
Form Outlook (Revenue, USD Billion; 2019-2030)
Rope
Non-Rope
End-Use Outlook (Revenue, USD Billion; 2019-2030)
Construction
Automotive
Energy
Others
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