Market Research Report - 221358
Steel Market Forecast 2015-2025: Future Opportunities for Leading Companies
|Published by||Visiongain Ltd.|
|Published||Content info||304 Pages|
|Steel Market Forecast 2015-2025: Future Opportunities for Leading Companies|
|Published: June 11, 2015||Content info: 304 Pages||
The world market for steel will reach $1.3 trillion in 2015, with production levels to reach 1,694.73 million tonnes whilst consumption will reach 1,545.50 million tonnes. The market has been declining over the past few years as a result of the large oversupply of steel that pressured prices downwards. The global recession that hit the commodities sector hard also contributed to the shrinking growth. As a result, the steel market is expected to grow at a slow rate in the first half of the forecast period (2015-2020) before accelerating at a higher rate in the second half of the forecast period (2020-2025).
Visiongain predicts that an oversupply will remain over the next decade. This will be mainly attributed to the resistance of China to cut production levels as well as the declining demand across the world.
The steel market has been dominated by China, accounting for half of the global market. It is the largest and fastest growing producer and consumer of steel and it will retain its leading position throughout the forecast period. India, Taiwan, Iran, Japan, Mexico and South Korea are other countries exhibiting strong growth in terms of steel production and consumption. Global steel demand over the next decade will mainly depend on the emerging economies. However, economic conditions for the global steel industry remain uncertain and challenging.
The main factors that led to a previously significant increase in demand for steel are new infrastructure developments and the growing needs of the increasing middle class in the developing countries. The construction, automobile, and white goods industries will attract a high demand for steel over the next decade. The construction sector will be the key consumer of steel over the forecast period (2015-2025) as we predict growth above the global trend.
This report analyses the global steel market for 7 key applications (construction, automotive, mechanical engineering, electrical engineering, oil & gas, domestic appliances and other applications) and 17 national markets plus the rest of the world. The analyses and forecasts are presented in both volume and value terms.
What does the future hold for the steel market? Will this market have a prosperous future? What is restraining the growth of the steel market? Will the prices for steel decline further? What industries will consume steel faster than others?
Visiongain's brand new report answers these questions and gives you demand and supply predictions of the steel market in value ($bn) and volume (Million Tonnes) terms, its submarkets and leading companies through to 2025, assessing data, trends, opportunities and prospects there. Besides revenue forecast to 2025, this report provides you with market shares, business outlook, qualitative analysis, profiles and revenue forecasts of leading companies in the industry. This definitive report will benefit your decision making and help to direct your future business strategy.
Steel Market Forecast 2015-2025: Future Opportunities for Leading Companies report provides impartial steel sector analysis. With the independent business intelligence found only in our work, you will discover where the prospects are for profit. In particular, our new research provides you with key strategic advantages. Our informed forecasts, independent and objective analysis, exclusive interviews and revealing company profiles will provide you with that necessary edge, allowing you to gain ground over your competitors.
With this report you are less likely to fall behind in knowledge or miss crucial business opportunities. You will save time and receive recognition for your market insight. See how this report could benefit and enhance your research, analysis, company presentations and ultimately your individual business decisions and your company's prospects.
Visiongain's research methodology involves an exclusive blend of primary and secondary sources providing informed analysis. This methodology allows insight into the key drivers and restraints behind market dynamics and competitive developments. The report therefore presents an ideal balance of qualitative analysis combined with extensive quantitative data including global, submarket and national market forecasts from 2015 to 2025.
Visiongain's increasingly diverse sector coverage strengthens our research portfolio. The growing cross-sector convergence of key verticals and the interplay of game changing technologies across hitherto unrelated industries are creating new synergies, resulting in new business opportunities for you to leverage.
As such, visiongain's team of London based in-house analysts offer a wealth of knowledge and experience to inform your strategic business decisions. Let visiongain guide you.
Visiongain's report is for anyone requiring analysis of the steel market. You will discover market forecasts, technological trends, predictions and expert opinion providing you with independent analysis derived from our extensive primary and secondary research. Only by purchasing this report will you receive this critical business intelligence revealing where revenue growth is likely and where the lucrative potential market prospects are. Don't miss this key opportunity to gain a competitive advantage.
If you buy our report today your knowledge will stay one step ahead of your competitors. Discover how our report could benefit your research, analyses and strategic decisions, saving you time. To gain an understanding of how to tap into the potential of this market and stay one step ahead of the competition you must order now our report the Steel Market Forecast 2015-2025: Future Opportunities for Leading Companies . Avoid missing out -order our report now.