Steel Long Products Market Trends, Size and Forecast (2021-2031)
The Steel Long Products Market is expected to register a CAGR of 5% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by By Type (Rebars, Wire Rods, Rail Steel, Steel Sections, and Others). The report is also segmented based on Application (Construction, Railway, Machinery, Automotive, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Steel Long Products Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Steel Long Products Market Segmentation
Type- Rebars
- Wire Rods
- Rail Steel
- Steel Sections
- Construction
- Railway
- Machinery
- Automotive
Strategic Insights
Steel Long Products Market Growth Drivers- Global Infrastructure Investments: Investments in the development of roads, bridges, railways, and other critically needed infrastructures characterize worldwide construction investments. The steel long products, such as such rebars and beams, will find themselves at the core of such projects.
- Urbanization and Construction Boom: The essential requirement of strength and durability to be applied in massive infrastructure works is commodity steel long products. With very rapid urbanization in different emerging markets today, thereby, there is a huge increase in demand for more residential, commercial, and industrial buildings. In turn, for every one of these constructions, there is more consumption of steel long products to meet the structural needs.
- Modernization of Infrastructure and Transport Networks: So also, current modernization of infrastructure and improvement of transport networks, especially in developing countries, would further build up the demand for steel long products. Because these are some of the most widely talked-about projects meant as boosters to economic growth as well as urban development, the demand for steel reinforcement and structural components would keep rising, thus benefiting the market.
- Rise of Advanced Steel Alloys in Long Products: It marks the trend in the steel market for the long products as upgrading into advanced steel alloys. These alloys provide improved performance characteristics such as strength, corrosion resistance, and durability. Advanced alloys are emerging in the market as the sectors of construction and manufacturing demand efficient materials.
- Advanced Steel Alloys: Advanced steel alloys are used in applications where high strength and the ability to withstand severe environmental conditions are necessary. For example, they are most frequently used in the construction of bridges, skyscrapers, and other industrial infrastructures. The longevity and reliability of materials today drives the demand for low maintenance costs along with higher performance.
- Technological Advancements: In today's world of technology, opportunities not only increase but also provide new dimensions in steel alloys to satisfy industry standards for stringent conditions. The trend can now be easily seen in some of the most demanding sectors, including automotive, energy, and infrastructure. Therefore, demand for these advanced materials across industries is expected to grow; hence demand for steel long products is expanding.
- Rising Investments in Renewable Energy: One of the opportunities that has surfaced in this market is the rapidly increasing pace of investing in renewable energy projects everywhere. In fact, as nations begin to invest more in sustainable energy sources, such as through wind, solar, or hydropower, steel long products find their application in various forms, including beams, reinforcements, and structural components, necessary for building energy infrastructure like wind farms and solar plants.
- Crucial Role of Steel Long Products in Renewable Energy Infrastructure: Steel long products are an important element in the construction of renewable energy infrastructure. Indeed, their robustness and durability justify their purposes in steel wind turbine towers, transmission lines, and solar panel frames. The global trend toward clean energy is likely to raise the demand for such components, bringing a benefit to the steel long products market.
- Sustainable Construction Practices Drive Growth in Steel Long Products for Green Energy: The shift that that expansion with renewable energy projects would bring with it would also include sustainable construction practices. As governments provide incentives for green building and energy production, so the steel long products market now gets an opportunity to respond to this growing sector-for example, with long-lasting material that can meet the demanding standards for renewable energy infrastructures.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Steel Long Products Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Steel Long Products Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- 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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Steel Long Products Market is estimated to witness a CAGR of 5% from 2023 to 2031
Growing demand in infrastructure development is driving the market growth
Adoption of advanced steel alloys is one of the key trends for the market growth.
Gerdau S/A, JFE Steel Corporation, ArcelorMittal, Hyndai Steel, JSW, Tata Steel, Baosteel Group, EVRAZ Plc, Posco, and Nucor Corporation are among the leading players operating in the steel long products market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Steel Long Products Market - By Type
1.3.2 Steel Long Products Market - By Application
1.3.3 Steel Long Products Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. STEEL LONG PRODUCTS 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 LONG PRODUCTS 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 LONG PRODUCTS MARKET - GLOBAL MARKET ANALYSIS
6.1. STEEL LONG PRODUCTS - GLOBAL MARKET OVERVIEW
6.2. STEEL LONG PRODUCTS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. STEEL LONG PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. REBARS
7.3.1. Overview
7.3.2. Rebars Market Forecast and Analysis
7.4. WIRE RODS
7.4.1. Overview
7.4.2. Wire rods Market Forecast and Analysis
7.5. TUBES
7.5.1. Overview
7.5.2. Tubes Market Forecast and Analysis
7.6. SECTIONS
7.6.1. Overview
7.6.2. Sections Market Forecast and Analysis
8. STEEL LONG PRODUCTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. CONSTRUCTION
8.3.1. Overview
8.3.2. Construction Market Forecast and Analysis
8.4. 0AUTOMOTIVE AND AEROSPACE
8.4.1. Overview
8.4.2. 0Automotive and aerospace Market Forecast and Analysis
8.5. RAILWAY AND HIGHWAY
8.5.1. Overview
8.5.2. Railway and highway Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. STEEL LONG PRODUCTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Steel Long Products Market Overview
9.1.2 North America Steel Long Products Market Forecasts and Analysis
9.1.3 North America Steel Long Products Market Forecasts and Analysis - By Type
9.1.4 North America Steel Long Products Market Forecasts and Analysis - By Application
9.1.5 North America Steel Long Products Market Forecasts and Analysis - By Countries
9.1.5.1 United States Steel Long Products Market
9.1.5.1.1 United States Steel Long Products Market by Type
9.1.5.1.2 United States Steel Long Products Market by Application
9.1.5.2 Canada Steel Long Products Market
9.1.5.2.1 Canada Steel Long Products Market by Type
9.1.5.2.2 Canada Steel Long Products Market by Application
9.1.5.3 Mexico Steel Long Products Market
9.1.5.3.1 Mexico Steel Long Products Market by Type
9.1.5.3.2 Mexico Steel Long Products Market by Application
9.2. EUROPE
9.2.1 Europe Steel Long Products Market Overview
9.2.2 Europe Steel Long Products Market Forecasts and Analysis
9.2.3 Europe Steel Long Products Market Forecasts and Analysis - By Type
9.2.4 Europe Steel Long Products Market Forecasts and Analysis - By Application
9.2.5 Europe Steel Long Products Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Steel Long Products Market
9.2.5.1.1 Germany Steel Long Products Market by Type
9.2.5.1.2 Germany Steel Long Products Market by Application
9.2.5.2 France Steel Long Products Market
9.2.5.2.1 France Steel Long Products Market by Type
9.2.5.2.2 France Steel Long Products Market by Application
9.2.5.3 Italy Steel Long Products Market
9.2.5.3.1 Italy Steel Long Products Market by Type
9.2.5.3.2 Italy Steel Long Products Market by Application
9.2.5.4 United Kingdom Steel Long Products Market
9.2.5.4.1 United Kingdom Steel Long Products Market by Type
9.2.5.4.2 United Kingdom Steel Long Products Market by Application
9.2.5.5 Russia Steel Long Products Market
9.2.5.5.1 Russia Steel Long Products Market by Type
9.2.5.5.2 Russia Steel Long Products Market by Application
9.2.5.6 Rest of Europe Steel Long Products Market
9.2.5.6.1 Rest of Europe Steel Long Products Market by Type
9.2.5.6.2 Rest of Europe Steel Long Products Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Steel Long Products Market Overview
9.3.2 Asia-Pacific Steel Long Products Market Forecasts and Analysis
9.3.3 Asia-Pacific Steel Long Products Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Steel Long Products Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Steel Long Products Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Steel Long Products Market
9.3.5.1.1 Australia Steel Long Products Market by Type
9.3.5.1.2 Australia Steel Long Products Market by Application
9.3.5.2 China Steel Long Products Market
9.3.5.2.1 China Steel Long Products Market by Type
9.3.5.2.2 China Steel Long Products Market by Application
9.3.5.3 India Steel Long Products Market
9.3.5.3.1 India Steel Long Products Market by Type
9.3.5.3.2 India Steel Long Products Market by Application
9.3.5.4 Japan Steel Long Products Market
9.3.5.4.1 Japan Steel Long Products Market by Type
9.3.5.4.2 Japan Steel Long Products Market by Application
9.3.5.5 South Korea Steel Long Products Market
9.3.5.5.1 South Korea Steel Long Products Market by Type
9.3.5.5.2 South Korea Steel Long Products Market by Application
9.3.5.6 Rest of Asia-Pacific Steel Long Products Market
9.3.5.6.1 Rest of Asia-Pacific Steel Long Products Market by Type
9.3.5.6.2 Rest of Asia-Pacific Steel Long Products Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Steel Long Products Market Overview
9.4.2 Middle East and Africa Steel Long Products Market Forecasts and Analysis
9.4.3 Middle East and Africa Steel Long Products Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Steel Long Products Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Steel Long Products Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Steel Long Products Market
9.4.5.1.1 South Africa Steel Long Products Market by Type
9.4.5.1.2 South Africa Steel Long Products Market by Application
9.4.5.2 Saudi Arabia Steel Long Products Market
9.4.5.2.1 Saudi Arabia Steel Long Products Market by Type
9.4.5.2.2 Saudi Arabia Steel Long Products Market by Application
9.4.5.3 U.A.E Steel Long Products Market
9.4.5.3.1 U.A.E Steel Long Products Market by Type
9.4.5.3.2 U.A.E Steel Long Products Market by Application
9.4.5.4 Rest of Middle East and Africa Steel Long Products Market
9.4.5.4.1 Rest of Middle East and Africa Steel Long Products Market by Type
9.4.5.4.2 Rest of Middle East and Africa Steel Long Products Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Steel Long Products Market Overview
9.5.2 South and Central America Steel Long Products Market Forecasts and Analysis
9.5.3 South and Central America Steel Long Products Market Forecasts and Analysis - By Type
9.5.4 South and Central America Steel Long Products Market Forecasts and Analysis - By Application
9.5.5 South and Central America Steel Long Products Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Steel Long Products Market
9.5.5.1.1 Brazil Steel Long Products Market by Type
9.5.5.1.2 Brazil Steel Long Products Market by Application
9.5.5.2 Argentina Steel Long Products Market
9.5.5.2.1 Argentina Steel Long Products Market by Type
9.5.5.2.2 Argentina Steel Long Products Market by Application
9.5.5.3 Rest of South and Central America Steel Long Products Market
9.5.5.3.1 Rest of South and Central America Steel Long Products Market by Type
9.5.5.3.2 Rest of South and Central America Steel Long Products 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 LONG PRODUCTS MARKET, KEY COMPANY PROFILES
11.1. ARCELORMITTAL
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. BAOSTEEL GROUP
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. EVRAZ PLC
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. HBIS 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. HYUNDAI STEEL
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. JFE STEEL CORPORATION
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. NUCOR CORP
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. POSCOE
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. TATA STEEL
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. UNITED STATES STEEL
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
1. ArcelorMittal
2. Baosteel Group
3. Evraz plc
4. HBIS Group
5. Hyundai Steel
6. JFE Steel Corporation
7. Nucor Corp
8. POSCOE
9. Tata Steel
10. United States Steel
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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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