The Impact of COVID-19 is included in Steel Round Bar Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Steel Round Bar Trends and Forecast
The future of the global steel round bar market looks promising with opportunities in the construction, automotive, manufacturing, oil and gas, aerospace, energy and power generation, mining and metal extraction, and shipbuilding markets. The global steel round bar market is expected to reach an estimated $409.0 billion by 2030 with a CAGR of 3.5% from 2024 to 2030. The major drivers for this market are continual growth of infrastructural and construction activity and escalating demand for these bars from the automotive and industrial sector.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Steel Round Bar by Segment
The study includes a forecast for the global steel round bar by manufacturing process, material type, application, end use industry, and region.
Steel Round Bar Market by Manufacturing Process [Shipment Analysis by Value from 2018 to 2030]:
• Hot Rolled Round Bars
• Cold Rolled Round Bars
• Forged Round Bars
Steel Round Bar Market by Material Type [Shipment Analysis by Value from 2018 to 2030]:
• Carbon Steel Round Bars
• Alloy Steel Round Bars
• Stainless Steel Round Bars
• Tool Steel Round Bars
• Others
Steel Round Bar Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Structural Components
• Shafts and Axles
• Fasteners and Bolts
• Gears and Bearings
• Tools and Dies
• Springs and Connectors
• Others
Steel Round Bar Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Construction
• Automotive
• Manufacturing
• Oil and Gas
• Aerospace
• Energy and Power Generation
• Mining and Metal Extraction
• Shipbuilding
• Others
Steel Round Bar Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Steel Round Bar Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies steel round bar companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the steel round bar companies profiled in this report include-
• ArcelorMittal
• Nippon Steel
• POSCO
• Tata Steel
• Baosteel Group
• JFE Steel
• Thyssenkrupp
• Nucor
• Hyundai Steel
• SAIL
Steel Round Bar Market Insights
Lucintel forecasts that stainless is expected to witness highest growth over the forecast period due to its increasing demand from automotive, construction, and engineering sectors.
Within this market, construction is expected to witness highest growth over the forecast period due to growing preference for steel round bars in construction industry given to its high strength and endurance.
North America is expected to witness highest growth over the forecast period due to existence of major manufacturing units and continous infrastructural development in the region.
Features of the Global Steel Round Bar Market
Market Size Estimates: Steel round bar market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Steel round bar market size by various segments, such as by manufacturing process, material type, application, end use industry, and region in terms of value ($B).
Regional Analysis: Steel round bar market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different manufacturing processes, material types, applications, end use industries, and regions for the steel round bar market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the steel round bar market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the steel round bar market size?
Answer: The global steel round bar market is expected to reach an estimated $409.0 billion by 2030.
Q.2 What is the growth forecast for steel round bar market?
Answer: The global steel round bar market is expected to grow with a CAGR of 3.5% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the steel round bar market?
Answer: The major drivers for this market are continual growth of infrastructural and construction activity and escalating demand for these bars from the automotive and industrial sector.
Q4. What are the major segments for steel round bar market?
Answer: The future of the steel round bar market looks promising with opportunities in the construction, automotive, manufacturing, oil and gas, aerospace, energy and power generation, mining and metal extraction, and shipbuilding markets.
Q5. Who are the key steel round bar market companies?
Answer: Some of the key steel round bar companies are as follows:
• ArcelorMittal
• Nippon Steel
• POSCO
• Tata Steel
• Baosteel Group
• JFE Steel
• Thyssenkrupp
• Nucor
• Hyundai Steel
• SAIL
Q6. Which steel round bar market segment will be the largest in future?
Answer: Lucintel forecasts that stainless is expected to witness highest growth over the forecast period due to its increasing demand from automotive, construction, and engineering sectors.
Q7. In steel round bar market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to existence of major manufacturing units and continous infrastructural development in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the steel round bar market by manufacturing process (hot rolled round bars, cold rolled round bars, and forged round bars), material type (carbon steel round bars, alloy steel round bars, stainless steel round bars, tool steel round bars, and others), application (structural components, shafts and axles, fasteners and bolts, gears and bearings, tools and dies, springs and connectors, and others), end use industry (construction, automotive, manufacturing, oil and gas, aerospace, energy and power generation, mining and metal extraction, shipbuilding, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Steel Round Bar Market, Steel Round Bar Market Size, Steel Round Bar Market Growth, Steel Round Bar Market Analysis, Steel Round Bar Market Report, Steel Round Bar Market Share, Steel Round Bar Market Trends, Steel Round Bar Market Forecast, Steel Round Bar Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Steel Round Bar Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Steel Round Bar Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Steel Round Bar Market by Manufacturing Process
3.3.1: Hot Rolled Round Bars
3.3.2: Cold Rolled Round Bars
3.3.3: Forged Round Bars
3.4: Global Steel Round Bar Market by Material Type
3.4.1: Carbon Steel Round Bars
3.4.2: Alloy Steel Round Bars
3.4.3: Stainless Steel Round Bars
3.4.4: Tool Steel Round Bars
3.4.5: Others
3.5: Global Steel Round Bar Market by Application
3.5.1: Structural Components
3.5.2: Shafts and Axles
3.5.3: Fasteners and Bolts
3.5.4: Gears and Bearings
3.5.5: Tools and Dies
3.5.6: Springs and Connectors
3.5.7: Others
3.6: Global Steel Round Bar Market by End Use Industry
3.6.1: Construction
3.6.2: Automotive
3.6.3: Manufacturing
3.6.4: Oil and Gas
3.6.5: Aerospace
3.6.6: Energy and Power Generation
3.6.7: Mining and Metal Extraction
3.6.8: Shipbuilding
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Steel Round Bar Market by Region
4.2: North American Steel Round Bar Market
4.2.1: North American Steel Round Bar Market by Material Type: Carbon Steel Round Bars, Alloy Steel Round Bars, Stainless Steel Round Bars, Tool Steel Round Bars, and Others
4.2.2: North American Steel Round Bar Market by End Use Industry: Construction, Automotive, Manufacturing, Oil and Gas, Aerospace, Energy and Power Generation, Mining and Metal Extraction, Shipbuilding, and Others
4.3: European Steel Round Bar Market
4.3.1: European Steel Round Bar Market by Material Type: Carbon Steel Round Bars, Alloy Steel Round Bars, Stainless Steel Round Bars, Tool Steel Round Bars, and Others
4.3.2: European Steel Round Bar Market by End Use Industry: Construction, Automotive, Manufacturing, Oil and Gas, Aerospace, Energy and Power Generation, Mining and Metal Extraction, Shipbuilding, and Others
4.4: APAC Steel Round Bar Market
4.4.1: APAC Steel Round Bar Market by Material Type: Carbon Steel Round Bars, Alloy Steel Round Bars, Stainless Steel Round Bars, Tool Steel Round Bars, and Others
4.4.2: APAC Steel Round Bar Market by End Use Industry: Construction, Automotive, Manufacturing, Oil and Gas, Aerospace, Energy and Power Generation, Mining and Metal Extraction, Shipbuilding, and Others
4.5: ROW Steel Round Bar Market
4.5.1: ROW Steel Round Bar Market by Material Type: Carbon Steel Round Bars, Alloy Steel Round Bars, Stainless Steel Round Bars, Tool Steel Round Bars, and Others
4.5.2: ROW Steel Round Bar Market by End Use Industry: Construction, Automotive, Manufacturing, Oil and Gas, Aerospace, Energy and Power Generation, Mining and Metal Extraction, Shipbuilding, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Steel Round Bar Market by Manufacturing Process
6.1.2: Growth Opportunities for the Global Steel Round Bar Market by Material Type
6.1.3: Growth Opportunities for the Global Steel Round Bar Market by Application
6.1.4: Growth Opportunities for the Global Steel Round Bar Market by End Use Industry
6.1.5: Growth Opportunities for the Global Steel Round Bar Market by Region
6.2: Emerging Trends in the Global Steel Round Bar Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Steel Round Bar Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Steel Round Bar Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: ArcelorMittal
7.2: Nippon Steel
7.3: POSCO
7.4: Tata Steel
7.5: Baosteel Group
7.6: JFE Steel
7.7: Thyssenkrupp
7.8: Nucor
7.9: Hyundai Steel
7.10: SAIL
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Steel Round Bar Market Report.