Steel Wire Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

Steel Wire Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Carbon Steel, Stainless Steel, and Alloy Steel), Thickness (Below 0.8 mm, 0.8 mm to 1.6 mm, and More Than 1.6 mm), Application (Construction, Automotive, Aerospace, Mining, Marine, Agriculture, and Others), and Geography

  • Report Code : TIPRE00011060
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 203
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The steel wire market size is projected to reach US$ 123.23 billion by 2031 from US$ 77.47 billion in 2023. The market is expected to register a CAGR of 6.0% during 2023–2031. Enormous developments in the construction industry due to population outburst and electrification of automobiles are the current transformative trends in the steel wire market.

Steel Wire Market Analysis

Steel wire mesh is used in concrete reinforcement of slabs and walls in residential and commercial construction. In infrastructure development projects, engineered steel wire mesh is used in building bridges and barriers. With notable investments in infrastructure projects, the steel wire market is gaining pace. Further, as low-carbon steel is considerably robust and durable, it is a preferred material for constructing buildings that are exposed to extreme weather conditions. With the growing trend toward sustainability, the adoption of low-carbon steel has increased across various sectors to minimize environmental impact. Thus, the adoption of low-carbon steel wire across end-use industries is expected to create potential growth opportunities for the market in the coming years.

Steel Wire Market Overview

Steel wire is extensively used to fabricate steel wire mesh, steel wire rope, and cables, among others. It is manufactured from several materials, such as carbon steel, alloy steel, and stainless steel. Stainless steel is a low-cost, corrosion-resistant material with high durability. Wires made of stainless steel are highly adaptable for different applications as they are available in various sizes and shapes. Further, carbon steel is an alloy consisting of carbon and iron. Carbon steel wire is produced by drawing hot rolled rods through smaller dies. The drawing process hardens the steel, making it stronger. Alloy steel is made of carbon and alloying materials such as manganese, chromium, nickel, molybdenum, and vanadium. The alloy steel wire manufacturing process includes melting raw material in an electric arc furnace. Moreover, steel wire is highly utilized in construction applications due to its versatility. It provides strength, durability, and safety to buildings and structures.

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Steel Wire Market: Strategic Insights

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Steel Wire Market Drivers and Opportunities

Rising Demand for Steel Wire in Automotive Industry

The automotive industry is experiencing robust growth owing to technological advancements and a surge in preference for SUVs, crossovers, and other light trucks. According to the report released by the European Automobile Manufacturers’ Association (ACEA) in January 2023, car production in North America increased by 10.3%, reaching 10.4 million units in 2022 compared to 2021. Similarly, passenger car production in South Korea grew by 7.6%, reaching 3.4 million units in the same period. The report published by the ACEA stated that global passenger car production accounted for 68 million units in 2022, recording a rise of 7.9% compared to 2021.

As per the data of the Organisation Internationale des Constructeurs d'Automobiles (OICA), North America and South & Central America recorded a production of over 16.1 million commercial and passenger cars in 2021; the figure has grown by 10%, registering more than 17.7 million commercial and passenger cars in 2022. A few automotive companies are investing heavily in automobile manufacturing to increase production and overall sales. According to the International Energy Agency's annual Global Electric Vehicle Outlook, over 10 million electric cars were sold worldwide in 2022, and the sales are projected to grow by 35% and reach 14 million in 2023. Steel wire has a distinct range of applications in the automotive industry, including springs, cables, suspension components, and other wiring components. Steel wire is used for the fabrication of components such as bumper, seating frames, steering wheels, and cables. Thus, the rising demand for steel wire in the automotive industry fuels the market growth.

Adoption of Low-Carbon Steel Wire across End-Use Industries

Low-carbon steel offers several advantages such as strength and durability in cold temperatures. The global transition toward sustainability has encouraged the adoption of low-carbon steel in various industries, thereby minimizing environmental issues. Low-carbon steel wires are widely used in the fabrication of springs, wire mesh, reinforcement, partition panels, cables, and material handling applications. Low-carbon steel wires are also used in bridges, decking, and balconies for structural construction. Also, in the aerospace industry, it is utilized for manufacturing landing gear struts. In the automotive industry, it is used for the fabrication of car components. In March 2024, Nucor Corporation announced a new agreement with Mercedes-Benz to supply low-carbon steel for the automaker’s production plant in Alabama, US. This is the latest agreement in a series of deals signed between the automaker and Mercedes-Benz, including the agreements for the Alabama-based plant with Steel Dynamics and H2 Green Steel (a Swedish startup) to supply low-carbon steel for vehicles in Europe. Thus, the adoption of low-carbon steel wire across end-use industries is expected to create numerous opportunities for the steel wire market growth during the forecast period.

Steel Wire Market Report Segmentation Analysis

Key segments that contributed to the derivation of the steel wire market analysis are material, thickness, and application.

  • Based on material, the steel wire market is categorized into stainless steel, carbon steel, and alloy steel. The carbon steel segment held the largest market share in 2023.
  • By thickness, the market is categorized into below 0.8 mm, 0.8 mm to 1.6 mm, and more than 1.6 mm. The 0.8 mm to 1.6 mm segment held the largest share in the market in 2023.

In terms of application, the market is segmented into construction, automotive, aerospace, mining, marine, agriculture, and others. In 2023, the construction segment dominated the market.

Steel Wire Market Share Analysis by Geography

The geographic scope of the steel wire market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

In 2023, Asia Pacific dominated the steel wire market share. As per the International Trade Administration, total investment in China’s infrastructure during the 14th Five-Year Plan period (2021–2025) is anticipated to reach ~US$ 4.2 trillion. Also, in 2022, the National Development and Reform Commission (NDRC) and the Ministry of Transport of China unveiled the National Highway Network Planning document focused on the construction of an efficient, green, intelligent, and secure modern highway network, which is expected to be completed by 2035. The plan also involves the construction of a 461,000 km highway—including 162,000 km of expressways. In the building & construction industry, stainless steel wire is used in anchoring buildings and lifting heavy loads, constructing bridges, and suspending scaffolding systems. Thus, the development in the building & construction industry is expected to boost the steel wire market in Asia Pacific in the coming years.

Europe held the second-largest share in the steel wire market in 2023. Norway is a major exporter of natural gas, with an export value of crude, condensate, and natural gas reported as US$ 181.12 billion in 2022, as per the Ministry of Energy and the Norwegian Offshore Directorate. As per the US Energy Information Administration, Europe was the major export destination for US crude oil exports by volume in 2023. The rising imports of crude oil from the US to European countries are further driving maritime transportation and shipping activities. Steel wire is used in the fabrication of steel wire ropes, which have a broad range of applications in various industries. In the oil & gas industry, steel wire ropes are used to increase productivity on rigs and minimize downtime. It is used in deep water mooring, offshore cranes and winches, and drilling. Therefore, growing marine, construction, and automotive industries in Europe are anticipated to boost the demand for steel wires during the forecast period.

Steel Wire Market Report Scope

Steel Wire Market News and Recent Developments

The steel wire market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the steel wire market are listed below:

  • Ovako signed a partnership deal with FNsteel to reduce carbon intensity in wire rod production across Europe. (Source: Ovako, Press Release, April 2024)
  • Tata Steel announced its merger with Indian Steel & Wire Products. With this merger, it has combined seven subsidiaries for synergies, efficiency, and cost reduction. (Source: Tata Steel, Press Release, February 2023)
  • Schnitzer Steel Industries launched GRN Steel, a line of net zero carbon products from its Cascade Steel manufacturing operations. (Source: Schnitzer Steel Industries, Press Release, March 2022)
  • JSW Steel acquired Neotrex Steel, an under-construction project for Low-Relaxation Pre-Strussed Concrete strands, from Everbest Consultancy Services. (Source: JSW Steel, Company Website, March 2021)

Steel Wire Market Report Coverage and Deliverables

The “Steel Wire Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Steel wire market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Steel wire market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed Porter’s Five Forces and SWOT analysis
  • Steel wire market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the steel wire market
  • Detailed company profiles
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.

Frequently Asked Questions


What are the key factors influencing the steel wire market growth?

steel wire is extensively used to fabricate steel wire mesh, steel wire rope, and cables, among others. It is manufactured from several materials, such as carbon steel, alloy steel, and stainless steel. Stainless steel is a low-cost, corrosion-resistant material with high durability. Wires made of stainless steel are highly adaptable for different applications as they are available in various sizes and shapes. Further, carbon steel is an alloy consisting of carbon and iron. Carbon steel wire is produced by drawing hot rolled rods through smaller dies. The drawing process hardens the steel, making it stronger. Alloy steel is made of carbon and alloying materials such as manganese, chromium, nickel, molybdenum, and vanadium. The alloy steel wire manufacturing process includes melting raw material in an electric arc furnace. Moreover, steel wire is highly utilized in construction applications due to its versatility. It provides strength, durability, and safety to buildings and structures. All these factors drive the steel wire market growth.

Which application segment is expected to register the fastest growth in the global steel wire market?

The automotive segment is expected to register the highest CAGR in the steel wire market from 2023 to 2031. The automotive industry is one of the major consumers of steel wire. steel wire is used to create a variety of components and assemblies, making it an essential component in the manufacturing of cars. steel wire is used for making springs, cables, and other suspension components, as well as connecting the internal wirings that allow the car to communicate with its various systems. steel wire is also used to reinforce plastic components, such as bumpers, to increase its strength and improve the safety of the car. Further, steel wire is used in the exhaust, steering, interior, and exterior components. All these factors are expected to drive the automotive segment growth from 2023 to 2031.

In 2023, which thickness segment is leading the global steel wire market?

The 0.8 mm to 1.6 mm segment held the largest share of the global steel wire market in 2023. steel wire with thickness ranging from 0.8 mm to 1.6 mm provides balancing strength and flexibility. It is employed across a variety of industries due to its versatile mechanical properties and adaptability. The wire is manufactured precisely to ensure consistency in diameter and performance, thereby meeting diverse application requirements. It possesses high tensile strength, which helps endure significant loads and stresses without deformation. Its moderate thickness ensures flexibility is retained, enabling steel wire to be bent and shaped as needed. Moreover, this wire exhibits good wear resistance and enhanced corrosion resistance, making it suitable for both indoor and outdoor environments. All these factors led to the dominance of 0.8 mm to 1.6 mm segment in 2023.

In 2023, which material segment is leading the global steel wire market?

The carbon steel segment held the largest share in the global steel wire market in 2023. Carbon steel is an alloy consisting of carbon and iron. Carbon steel wire is produced by drawing hot rolled rods through smaller dies. The drawing process hardens the steel, making it stronger. The wire is then heated, making it more ductile and malleable. The specific ratio of iron to carbon varies depending on the properties of the final product. There are four major types of carbon steel wire, i.e., low carbon steel wire, medium carbon steel wire, high carbon steel wire, and ultra high carbon steel wire. The properties of carbon steel wire include tensile strength, malleable nature, and hardness, which boosts its utilization in various industries. Carbon steel wire is used in construction and agriculture applications, manufacturing of clothes hangers, automobile parts, and various other applications. These factors led to the dominance of the carbon steel segment in 2023.

Can you list some of the major players operating in the global steel wire market?

A few players operating in the global steel wire market include ArcelorMittal SA, Nippon Steel SG Wire Co Ltd, JFE Steel Corp, TATA Steel Ltd, Kobe Steel Ltd, JSW Steel Ltd, The HEICO Companies LLC, NV Bekaert SA, Tianjin Huayuan Metal Wire Products Co Ltd, and Henan Hengxing Science and Technology Co Ltd.

In 2023, which region held the largest share of the global steel wire market?

In 2023, Asia Pacific held the largest share of the global steel wire market. The rising urbanization rates have surged construction activities, particularly in the commercial and residential sectors. This, in turn, has accelerated the demand for steel wire products. Moreover, rising disposable income levels across Asia Pacific have empowered consumers to invest more in enhancing their living spaces. As a result, there has been a growing preference for construction materials options such as steel wire. All these factors led to the dominance of the Asia Pacific region in 2023.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

3.3 Limitations and Assumptions

4. Steel Wire Market Landscape

4.1 Overview

4.2 PORTER’s Five Forces Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.3 Threat of New Entrants

4.2.4 Intensity of Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 Raw Material Suppliers

4.3.2 Steel Wire Manufacturers

4.3.3 Distributors/Suppliers

4.3.4 End-Use Industry

4.3.5 List of Vendors in the Value Chain

5. Steel Wire Market – Key Market Dynamics

5.1 Steel Wire Market – Key Market Dynamics

5.2 Market Drivers

5.2.1 Growth in Building & Construction Industry

5.2.2 Rising Demand for Steel Wire in Automotive Industry

5.3 Market Restraints

5.3.1 Fluctuations in Raw Material Prices

5.4 Market Opportunities

5.4.1 Adoption of Low-Carbon Steel Wire across End-Use Industries

5.5 Future Trends

5.5.1 Growing Focus on Steel Wire Recycling

5.6 Impact of Drivers and Restraints:

6. Steel Wire Market – Global Market Analysis

6.1 Steel Wire Market Volume (Kilo Tons), 2021–2031

6.2 Steel Wire Market Volume Forecast and Analysis (Kilo Tons)

6.3 Steel Wire Market Revenue (US$ Million), 2023–2031

6.4 Steel Wire Market Forecast and Analysis

7. Steel Wire Market Volume and Revenue Analysis – by Material

7.1 Carbon Steel

7.1.1 Overview

7.1.2 Carbon Steel: Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

7.1.3 Carbon Steel: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

7.2 Stainless Steel

7.2.1 Overview

7.2.2 Stainless Steel: Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

7.2.3 Stainless Steel: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

7.3 Alloy Steel

7.3.1 Overview

7.3.2 Alloy Steel: Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

7.3.3 Alloy Steel: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

8. Steel Wire Market Revenue Analysis – by Thickness

8.1 Below 0.8 mm

8.1.1 Overview

8.1.2 Below 0.8 mm: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

8.2 0.8 mm to 1.6 mm

8.2.1 Overview

8.2.2 0.8 mm to 1.6 mm: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

8.3 More than 1.6 mm

8.3.1 Overview

8.3.2 More than 1.6 mm: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

9. Steel Wire Market Revenue Analysis – by Application

9.1 Construction

9.1.1 Overview

9.1.2 Construction: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

9.2 Automotive

9.2.1 Overview

9.2.2 Automotive: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

9.3 Aerospace

9.3.1 Overview

9.3.2 Aerospace: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

9.4 Mining

9.4.1 Overview

9.4.2 Mining: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

9.5 Marine

9.5.1 Overview

9.5.2 Marine: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

9.6 Agriculture

9.6.1 Overview

9.6.2 Agriculture: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

9.7 Others

9.7.1 Overview

9.7.2 Others: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10. Steel Wire Market – Geographical Analysis

10.1 Overview

10.2 North America

10.2.1 North America Steel Wire Market Overview

10.2.2 North America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

10.2.3 North America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.2.4 North America Steel Wire Market Breakdown by Material

10.2.4.1 North America Steel Wire Market Volume and Forecast and Analysis – by Material

10.2.4.2 North America Steel Wire Market Revenue and Forecast and Analysis – by Material

10.2.5 North America Steel Wire Market Breakdown by Thickness

10.2.5.1 North America Steel Wire Market Revenue and Forecast and Analysis – by Thickness

10.2.6 North America Steel Wire Market Breakdown by Application

10.2.6.1 North America Steel Wire Market Revenue and Forecast and Analysis – by Application

10.2.7 North America Steel Wire Market Revenue and Forecast and Analysis – by Country

10.2.7.1 North America Steel Wire Market Volume and Forecast and Analysis – by Country

10.2.7.2 North America Steel Wire Market Revenue and Forecast and Analysis – by Country

10.2.7.3 United States Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.2.7.3.1 United States Steel Wire Market Breakdown by Material

10.2.7.3.2 United States Steel Wire Market Breakdown by Thickness

10.2.7.3.3 United States Steel Wire Market Breakdown by Application

10.2.7.4 Canada Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.2.7.4.1 Canada Steel Wire Market Breakdown by Material

10.2.7.4.2 Canada Steel Wire Market Breakdown by Thickness

10.2.7.4.3 Canada Steel Wire Market Breakdown by Application

10.2.7.5 Mexico Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.2.7.5.1 Mexico Steel Wire Market Breakdown by Material

10.2.7.5.2 Mexico Steel Wire Market Breakdown by Thickness

10.2.7.5.3 Mexico Steel Wire Market Breakdown by Application

10.3 Europe

10.3.1 Europe Steel Wire Market Overview

10.3.2 Europe Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

10.3.3 Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.3.4 Europe Steel Wire Market Breakdown by Material

10.3.4.1 Europe Steel Wire Market Volume and Forecast and Analysis – by Material

10.3.4.2 Europe Steel Wire Market Revenue and Forecast and Analysis – by Material

10.3.5 Europe Steel Wire Market Breakdown by Thickness

10.3.5.1 Europe Steel Wire Market Volume and Forecast and Analysis – by Thickness

10.3.5.2 Europe Steel Wire Market Revenue and Forecast and Analysis – by Thickness

10.3.6 Europe Steel Wire Market Breakdown by Application

10.3.6.1 Europe Steel Wire Market Volume and Forecast and Analysis – by Application

10.3.7 Europe Steel Wire Market Revenue and Forecast and Analysis – by Country

10.3.7.1 Europe Steel Wire Market Volume and Forecast and Analysis – by Country

10.3.7.2 Europe Steel Wire Market Revenue and Forecast and Analysis – by Country

10.3.7.3 Germany Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.3.7.3.1 Germany Steel Wire Market Breakdown by Material

10.3.7.3.2 Germany Steel Wire Market Breakdown by Thickness

10.3.7.3.3 Germany Steel Wire Market Breakdown by Application

10.3.7.4 France Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.3.7.4.1 France Steel Wire Market Breakdown by Material

10.3.7.4.2 France Steel Wire Market Breakdown by Thickness

10.3.7.4.3 France Steel Wire Market Breakdown by Application

10.3.7.5 United Kingdom Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.3.7.5.1 United Kingdom Steel Wire Market Breakdown by Material

10.3.7.5.2 United Kingdom Steel Wire Market Breakdown by Thickness

10.3.7.5.3 United Kingdom Steel Wire Market Breakdown by Application

10.3.7.6 Italy Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.3.7.6.1 Italy Steel Wire Market Breakdown by Material

10.3.7.6.2 Italy Steel Wire Market Breakdown by Thickness

10.3.7.6.3 Italy Steel Wire Market Breakdown by Application

10.3.7.7 Russia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.3.7.7.1 Russia Steel Wire Market Breakdown by Material

10.3.7.7.2 Russia Steel Wire Market Breakdown by Thickness

10.3.7.7.3 Russia Steel Wire Market Breakdown by Application

10.3.7.8 Rest of Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.3.7.8.1 Rest of Europe Steel Wire Market Breakdown by Material

10.3.7.8.2 Rest of Europe Steel Wire Market Breakdown by Thickness

10.3.7.8.3 Rest of Europe Steel Wire Market Breakdown by Application

10.4 Asia Pacific

10.4.1 Asia Pacific Steel Wire Market Overview

10.4.2 Asia Pacific Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

10.4.3 Asia Pacific Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.4.4 Asia Pacific Steel Wire Market Breakdown by Material

10.4.4.1 Asia Pacific Steel Wire Market Volume and Forecast and Analysis – by Material

10.4.4.2 Asia Pacific Steel Wire Market Revenue and Forecast and Analysis – by Material

10.4.5 Asia Pacific Steel Wire Market Breakdown by Thickness

10.4.5.1 Asia Pacific Steel Wire Market Volume and Forecast and Analysis – by Thickness

10.4.6 Asia Pacific Steel Wire Market Breakdown by Application

10.4.6.1 Asia Pacific Steel Wire Market Revenue and Forecast and Analysis – by Application

10.4.7 Asia Pacific Steel Wire Market Revenue and Forecast and Analysis – by Country

10.4.7.1 Asia Pacific Steel Wire Market Volume and Forecast and Analysis – by Country

10.4.7.2 Asia Pacific Steel Wire Market Revenue and Forecast and Analysis – by Country

10.4.7.3 Australia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.4.7.3.1 Australia Steel Wire Market Breakdown by Material

10.4.7.3.2 Australia Steel Wire Market Breakdown by Thickness

10.4.7.3.3 Australia Steel Wire Market Breakdown by Application

10.4.7.4 China Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.4.7.4.1 China Steel Wire Market Breakdown by Material

10.4.7.4.2 China Steel Wire Market Breakdown by Thickness

10.4.7.4.3 China Steel Wire Market Breakdown by Application

10.4.7.5 India Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.4.7.5.1 India Steel Wire Market Breakdown by Material

10.4.7.5.2 India Steel Wire Market Breakdown by Thickness

10.4.7.5.3 India Steel Wire Market Breakdown by Application

10.4.7.6 Japan Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.4.7.6.1 Japan Steel Wire Market Breakdown by Material

10.4.7.6.2 Japan Steel Wire Market Breakdown by Thickness

10.4.7.6.3 Japan Steel Wire Market Breakdown by Application

10.4.7.7 South Korea Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.4.7.7.1 South Korea Steel Wire Market Breakdown by Material

10.4.7.7.2 South Korea Steel Wire Market Breakdown by Thickness

10.4.7.7.3 South Korea Steel Wire Market Breakdown by Application

10.4.7.8 Rest of APAC Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.4.7.8.1 Rest of APAC Steel Wire Market Breakdown by Material

10.4.7.8.2 Rest of APAC Steel Wire Market Breakdown by Thickness

10.4.7.8.3 Rest of APAC Steel Wire Market Breakdown by Application

10.5 Middle East and Africa

10.5.1 Middle East and Africa Steel Wire Market Overview

10.5.2 Middle East and Africa Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

10.5.3 Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.5.4 Middle East and Africa Steel Wire Market Breakdown by Material

10.5.4.1 Middle East and Africa Steel Wire Market Volume and Forecast and Analysis – by Material

10.5.4.2 Middle East and Africa Steel Wire Market Revenue and Forecast and Analysis – by Material

10.5.5 Middle East and Africa Steel Wire Market Breakdown by Thickness

10.5.5.1 Middle East and Africa Steel Wire Market Volume and Forecast and Analysis – by Thickness

10.5.5.2 Middle East and Africa Steel Wire Market Revenue and Forecast and Analysis – by Thickness

10.5.6 Middle East and Africa Steel Wire Market Breakdown by Application

10.5.6.1 Middle East and Africa Steel Wire Market Revenue and Forecast and Analysis – by Application

10.5.7 Middle East and Africa Steel Wire Market Revenue and Forecast and Analysis – by Country

10.5.7.1 Middle East and Africa Steel Wire Market Volume and Forecast and Analysis – by Country

10.5.7.2 Middle East and Africa Steel Wire Market Revenue and Forecast and Analysis – by Country

10.5.7.3 South Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.5.7.3.1 South Africa Steel Wire Market Breakdown by Material

10.5.7.3.2 South Africa Steel Wire Market Breakdown by Thickness

10.5.7.3.3 South Africa Steel Wire Market Breakdown by Application

10.5.7.4 Saudi Arabia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.5.7.4.1 Saudi Arabia Steel Wire Market Breakdown by Material

10.5.7.4.2 Saudi Arabia Steel Wire Market Breakdown by Thickness

10.5.7.4.3 Saudi Arabia Steel Wire Market Breakdown by Application

10.5.7.5 United Arab Emirates Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.5.7.5.1 United Arab Emirates Steel Wire Market Breakdown by Material

10.5.7.5.2 United Arab Emirates Steel Wire Market Breakdown by Thickness

10.5.7.5.3 United Arab Emirates Steel Wire Market Breakdown by Application

10.5.7.6 Rest of Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.5.7.6.1 Rest of Middle East and Africa Steel Wire Market Breakdown by Material

10.5.7.6.2 Rest of Middle East and Africa Steel Wire Market Breakdown by Thickness

10.5.7.6.3 Rest of Middle East and Africa Steel Wire Market Breakdown by Application

10.6 South and Central America

10.6.1 South and Central America Steel Wire Market Overview

10.6.2 South and Central America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

10.6.3 South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.6.4 South and Central America Steel Wire Market Breakdown by Material

10.6.4.1 South and Central America Steel Wire Market Volume and Forecast and Analysis – by Material

10.6.4.2 South and Central America Steel Wire Market Revenue and Forecast and Analysis – by Material

10.6.5 South and Central America Steel Wire Market Breakdown by Thickness

10.6.5.1 South and Central America Steel Wire Market Revenue and Forecast and Analysis – by Thickness

10.6.6 South and Central America Steel Wire Market Breakdown by Application

10.6.6.1 South and Central America Steel Wire Market Revenue and Forecast and Analysis – by Application

10.6.7 South and Central America Steel Wire Market Revenue and Forecast and Analysis – by Country

10.6.7.1 South and Central America Steel Wire Market Volume and Forecast and Analysis – by Country

10.6.7.2 South and Central America Steel Wire Market Revenue and Forecast and Analysis – by Country

10.6.7.3 Brazil Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.6.7.3.1 Brazil Steel Wire Market Breakdown by Material

10.6.7.3.2 Brazil Steel Wire Market Breakdown by Thickness

10.6.7.3.3 Brazil Steel Wire Market Breakdown by Application

10.6.7.4 Argentina Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.6.7.4.1 Argentina Steel Wire Market Breakdown by Material

10.6.7.4.2 Argentina Steel Wire Market Breakdown by Thickness

10.6.7.4.3 Argentina Steel Wire Market Breakdown by Application

10.6.7.5 Rest of South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

10.6.7.5.1 Rest of South and Central America Steel Wire Market Breakdown by Material

10.6.7.5.2 Rest of South and Central America Steel Wire Market Breakdown by Thickness

10.6.7.5.3 Rest of South and Central America Steel Wire Market Breakdown by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players

11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview

12.2 Mergers And Acquisitions

12.3 Agreements, Collaborations, And Joint Ventures

12.4 Product Launch

12.5 Expansions And Other Strategic Developments

13. Company Profiles

13.1 ArcelorMittal SA

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.1.6 Key Developments

13.2 Nippon Steel SG Wire Co Ltd

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.2.6 Key Developments

13.3 JFE Steel Corp

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.3.6 Key Developments

13.4 Tata Steel Ltd

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.4.6 Key Developments

13.5 Kobe Steel Ltd

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.5.6 Key Developments

13.6 JSW Steel Ltd

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.6.6 Key Developments

13.7 The Heico Companies LLC

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.7.6 Key Developments

13.8 NV Bekaert SA

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.8.6 Key Developments

13.9 Tianjin Huayuan Metal Wire Products Co Ltd

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.9.6 Key Developments

13.10 Henan Hengxing Sciecnce and Technology Co Ltd

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners

List of Tables

Table 1. Steel Wire Market Segmentation

Table 2. List of Vendors

Table 3. Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Table 4. Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Table 5. Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 6. Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 7. Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 8. Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 9. North America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 10. North America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 11. North America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 12. North America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 13. North America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Country

Table 14. North America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Country

Table 15. United States Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 16. United States Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 17. United States Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 18. United States Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 19. Canada Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 20. Canada Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 21. Canada Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 22. Canada Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 23. Mexico Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 24. Mexico Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 25. Mexico Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 26. Mexico Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 27. Europe Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 28. Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 29. Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 30. Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 31. Europe Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Country

Table 32. Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Country

Table 33. Germany Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 34. Germany Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 35. Germany Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 36. Germany Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 37. France Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 38. France Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 39. France Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 40. France Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 41. United Kingdom Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 42. United Kingdom Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 43. United Kingdom Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 44. United Kingdom Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 45. Italy Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 46. Italy Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 47. Italy Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 48. Italy Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 49. Russia Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 50. Russia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 51. Russia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 52. Russia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 53. Rest of Europe Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 54. Rest of Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 55. Rest of Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 56. Rest of Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 57. Asia Pacific Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 58. Asia Pacific Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 59. Asia Pacific Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 60. Asia Pacific Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 61. Asia Pacific Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Country

Table 62. Asia Pacific Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Country

Table 63. Australia Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 64. Australia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 65. Australia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 66. Australia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 67. China Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 68. China Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 69. China Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 70. China Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 71. India Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 72. India Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 73. India Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 74. India Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 75. Japan Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 76. Japan Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 77. Japan Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 78. Japan Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 79. South Korea Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 80. South Korea Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 81. South Korea Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 82. South Korea Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 83. Rest of APAC Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 84. Rest of APAC Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 85. Rest of APAC Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 86. Rest of APAC Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 87. Middle East and Africa Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 88. Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 89. Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 90. Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 91. Middle East and Africa Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Country

Table 92. Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Country

Table 93. South Africa Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 94. South Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 95. South Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 96. South Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 97. Saudi Arabia Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 98. Saudi Arabia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 99. Saudi Arabia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 100. Saudi Arabia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 101. United Arab Emirates Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 102. United Arab Emirates Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 103. United Arab Emirates Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 104. United Arab Emirates Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 105. Rest of Middle East and Africa Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 106. Rest of Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 107. Rest of Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 108. Rest of Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 109. South and Central America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 110. South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 111. South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 112. South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 113. South and Central America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Country

Table 114. South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Country

Table 115. Brazil Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 116. Brazil Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 117. Brazil Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 118. Brazil Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 119. Argentina Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 120. Argentina Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 121. Argentina Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 122. Argentina Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

Table 123. Rest of South and Central America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons) – by Material

Table 124. Rest of South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Material

Table 125. Rest of South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Thickness

Table 126. Rest of South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million) – by Application

List of Figures

Figure 1. Steel Wire Market Segmentation, by Geography

Figure 2. PORTER’s Five Forces Analysis

Figure 3. Ecosystem Analysis: Steel Wire Market

Figure 4. Steel Production Process

Figure 5. Monthly New Residential Construction in US from November 2022 to November 2023

Figure 6. Global Electric Car Sales (2016–2023)

Figure 7. Fluctuations in Iron Ore Prices from January 2019 to April 2023

Figure 8. Impact Analysis of Drivers and Restraints

Figure 9. Steel Wire Market Volume (Kilo Tons), 2021–2031

Figure 10. Steel Wire Market Revenue (US$ Million), 2023–2031

Figure 11. Steel Wire Market Share (%) – Material, 2023 and 2031

Figure 12. Carbon Steel: Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Figure 13. Carbon Steel: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 14. Stainless Steel: Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Figure 15. Stainless Steel: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 16. Alloy Steel: Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Figure 17. Alloy Steel: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 18. Steel Wire Market Share (%) – Thickness, 2023 and 2031

Figure 19. Below 0.8 mm: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 20. 0.8 mm to 1.6 mm: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 21. More than 1.6 mm: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 22. Steel Wire Market Share (%) – Application, 2023 and 2031

Figure 23. Construction: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 24. Automotive: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 25. Aerospace: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 26. Mining: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 27. Marine: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 28. Agriculture: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 29. Others: Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 30. Steel Wire Market Breakdown by Region, 2023 and 2031 (%)

Figure 31. North America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Figure 32. North America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 33. North America Steel Wire Market Breakdown by Material (2023 and 2031)

Figure 34. North America Steel Wire Market Breakdown by Thickness (2023 and 2031)

Figure 35. North America Steel Wire Market Breakdown by Application (2023 and 2031)

Figure 36. North America Steel Wire Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 37. United States Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 38. Canada Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 39. Mexico Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 40. Europe Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Figure 41. Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 42. Europe Steel Wire Market Breakdown by Material (2023 and 2031)

Figure 43. Europe Steel Wire Market Breakdown by Thickness (2023 and 2031)

Figure 44. Europe Steel Wire Market Breakdown by Application (2023 and 2031)

Figure 45. Europe Steel Wire Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 46. Germany Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 47. France Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 48. United Kingdom Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 49. Italy Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 50. Russia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 51. Rest of Europe Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 52. Asia Pacific Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Figure 53. Asia Pacific Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 54. Asia Pacific Steel Wire Market Breakdown by Material (2023 and 2031)

Figure 55. Asia Pacific Steel Wire Market Breakdown by Thickness (2023 and 2031)

Figure 56. Asia Pacific Steel Wire Market Breakdown by Application (2023 and 2031)

Figure 57. Asia Pacific Steel Wire Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 58. Australia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 59. China Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 60. India Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 61. Japan Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 62. South Korea Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 63. Rest of APAC Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 64. Middle East and Africa Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Figure 65. Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 66. Middle East and Africa Steel Wire Market Breakdown by Material (2023 and 2031)

Figure 67. Middle East and Africa Steel Wire Market Breakdown by Thickness (2023 and 2031)

Figure 68. Middle East and Africa Steel Wire Market Breakdown by Application (2023 and 2031)

Figure 69. Middle East and Africa Steel Wire Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 70. South Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 71. Saudi Arabia Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 72. United Arab Emirates Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 73. Rest of Middle East and Africa Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 74. South and Central America Steel Wire Market – Volume and Forecast to 2031 (Kilo Tons)

Figure 75. South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 76. South and Central America Steel Wire Market Breakdown by Material (2023 and 2031)

Figure 77. South and Central America Steel Wire Market Breakdown by Thickness (2023 and 2031)

Figure 78. South and Central America Steel Wire Market Breakdown by Application (2023 and 2031)

Figure 79. South and Central America Steel Wire Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 80. Brazil Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 81. Argentina Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 82. Rest of South and Central America Steel Wire Market – Revenue and Forecast to 2031 (US$ Million)

Figure 83. Heat Map Analysis by Key Players

Figure 84. Company Positioning & Concentration

The List of Companies - Steel Wire Market 

  • ArcelorMittal SA
  • Nippon Steel SG Wire Co Ltd
  • JFE Steel Corp
  • TATA Steel Ltd
  • Kobe Steel Ltd
  • JSW Steel Ltd
  • The HEICO Companies LLC
  • NV Bekaert SA
  • Tianjin Huayuan Metal Wire Products Co Ltd
  • Henan Hengxing Science and Technology Co Ltd

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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