PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392097
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1392097
Steel Round Bars Market, By Material Type, By Diameter Range, By Manufacturing Process, By End-use Industry, By Application, By Distribution Channel, By Geography
Global Steel Round Bars Market is valued at US$ 242.9 billion in 2023, and is expected to reach US$ 324.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2022 | Market Size in 2023: | US$ 242.9 Bn |
| Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
| Forecast Period 2023 to 2030 CAGR: | 4.20% | 2030 Value Projection: | US$ 324.1 Bn |
Steel round bars are cylindrical bars that are produced from steel alloys that possess strength and durability properties. Steel round bars are long, continuous, round in cross-section steel products that are rolled or extruded from billets during the manufacturing process.These are versatile engineering materials that are widely used for construction purposes and manufacturing of components in diverse industries such as automotive, machinery, infrastructure and shipbuilding. Steel round bars provide strength and rigidity to reinforce concrete in construction of buildings, bridges, roads and dams. These are also used in manufacturing industrial equipment, automotive components, hardware items and other machinery parts, owing to their mechanical properties and formability. Rising construction activities, expanding industrial sector and increasing global automobile production are some of the key factors that are expected to boost demand for steel round bars in the near future.
Market Dynamics:
Global steel round bars market is projected to witness significant growth during the forecast period owing to factors such as growing construction spending and rising automotive production. Furthermore, expanding manufacturing sector across developing regions is expected to augment the product demand. Additionally, rapid industrial growth especially in Asia Pacific has augmented the demand for machinery and equipment, thus propelling the consumption of steel round bars. However, volatility in steel prices due to changing raw material costs and geopolitical uncertainties may restrain the market growth. Technological advancements in steel making processes to enhance product properties and expanding offshore oil and gas industry offers lucrative opportunities for market players.The growing preference for ductile iron for manufacturing of parts and components particularly in automotive and machinery industries has led to proliferating opportunities for steel round bars market players.
Key features of the study:
- This report provides in-depth analysis of the global steel round bars market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global steel round bars market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include ArcelorMittal, Nippon Steel Corporation, POSCO, Tata Steel, Baosteel Group Corporation, JFE Steel Corporation, Thyssenkrupp AG, Nucor Corporation, Hyundai Steel, SAIL (Steel Authority of India Limited), Outokumpu Oyj, Gerdau S.A., SSAB AB, Acerinox S.A., and Tenaris S.A.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global steel round bars market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global steel round bars market.
Steel Round Bars Market Detailed Segmentation:
- By Material Type
- Carbon Steel Round Bars
- Alloy Steel Round Bars
- Stainless Steel Round Bars
- Tool Steel Round Bars
- Other Material Types
- By Diameter Range
- Small-Diameter Round Bars (below 20mm)
- Medium-Diameter Round Bars (20mm to 100mm)
- Large-Diameter Round Bars (above 100mm)
- By Manufacturing Process
- Hot Rolled Round Bars
- Cold Rolled Round Bars
- Forged Round Bars
- By End-use Industry
- Construction
- Automotive
- Manufacturing
- Oil and Gas
- Aerospace
- Energy and Power Generation
- Mining and Metal Extraction
- Shipbuilding
- Others
- By Application
- Structural Components
- Shafts and Axles
- Fasteners and Bolts
- Gears and Bearings
- Tools and Dies
- Springs and Connectors
- Others
- By Distribution Channel
- Direct Sales (Manufacturer to End User)
- Distributors/Wholesalers
- Online Retailers
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
- ArcelorMittl.
- Nippon Steel Corporation
- POSCO
- Tata Steel
- Baosteel Group Corporation
- JFE Steel Corporation
- Thyssenkrupp AG
- Nucor Corporation
- Hyundai Steel
- SAIL (Steel Authority of India Limited)
- Outokumpu Oyj
- Gerdau S.A.
- SSAB AB
- Acerinox S.A.
- Tenaris S.A.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Material Type
- Market Snippet, By Diameter Range
- Market Snippet, By Manufacturing Process
- Market Snippet, By End-use Industry
- Market Snippet, By Application
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Infrastructure Development
- Construction Industry Growth
- Restraints
- Fluctuating Raw Material Prices
- Intense Competition and Price Pressure
- Opportunities
- Growing Demand for High-Strength and Specialty Steel
- Infrastructure Development and Construction Projects
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisitions, Collaborations
4. Global Steel Round Bars Market, By Material Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Carbon Steel Round Bars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Alloy Steel Round Bars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Stainless Steel Round Bars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Tool Steel Round Bars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Other Material Types
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
5. Global Steel Round Bars Market, By Diameter Range, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Small-Diameter Round Bars (below 20mm)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Medium-Diameter Round Bars (20mm to 100mm)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Large-Diameter Round Bars (above 100mm)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
6. Global Steel Round Bars Market, By Manufacturing Process, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Hot Rolled Round Bars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Cold Rolled Round Bars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Forged Round Bars
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
7. Global Steel Round Bars Market, By End-use Industry, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)'
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Manufacturing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Oil and Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Aerospace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Energy and Power Generation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Mining and Metal Extraction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Shipbuilding
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
8. Global Steel Round Bars Market, By Application, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Structural Components
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)'
- Shafts and Axles
- Fasteners and Bolts
- Gears and Bearings
- Tools and Dies
- Springs and Connectors
- Others
9. Global Steel Round Bars Market, By Distribution Channel, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 - 2030
- Segment Trends
- Direct Sales (Manufacturer to End User)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Bn)
- Distributors/Wholesalers
- Online Retailers
- Others
10. Global Steel Round Bars Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018 -2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Material Type, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Diameter Range, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Manufacturing Process, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End-use Industry, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030, (US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030, (US$ Bn)
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
11. Competitive Landscape
- Company Profile
- ArcelorMittl
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Nippon Steel Corporation
- POSCO
- Tata Steel
- Baosteel Group Corporation
- JFE Steel Corporation
- Thyssenkrupp AG
- Nucor Corporation
- Hyundai Steel
- SAIL (Steel Authority of India Limited)
- Outokumpu Oyj
- Gerdau S.A.
- SSAB AB
- Acerinox S.A.
- Tenaris S.A.
- Analyst Views
12. Section
- References
- Research Methodology
- About us
