Global Steel Market 2023-2027

Description

List of Tables

Technavio has been monitoring the steel market and is forecast to grow by 207.46 mn t during 2022-2027, accelerating at a CAGR of 2.17% during the forecast period. Our report on the steel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by upsurge in consumption of high-strength steel, corrosion resistance and excellent mechanical properties, and growing demand from the construction industry.

Technavio's steel market is segmented as below:

By End-user

Construction
Machinery
Transportation
Metal Goods
Others

By Type

Flat steel
Long steel

By Geography

APAC
Europe
North America
Middle East and Africa
South America

This study identifies the growing demand for steel and stainless steel scrap as one of the prime reasons driving the steel market growth during the next few years. Also, expansion of production capacity by vendors and increasing technological developments in global steel market will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the steel market covers the following areas:

Steel market sizing
Steel market forecast
Steel market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading steel market vendors that include Ansteel Group Corp. Ltd., ArcelorMittal SA, Baosteel Group Corp., Beijing Jianlong Heavy Industry Group Co. Ltd., Beijing Shougang Co. Ltd., China Baowu Steel Group Corp. Ltd., HBIS Group Co. Ltd., Hebei Jingye Group, Hyundai Steel Co., JFE Holdings Inc., JSW STEEL Ltd., Liuzhou Iron and Steel Co. Ltd., Nippon Steel Corp., NLMK Group, Nucor Corp., POSCO holdings Inc., Shagang Group Inc., Steel Authority of India Ltd., Tata Steel Ltd., and Benxi Steel Group Co. Ltd. Also, the steel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR70908

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (million t)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (million t)
Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global steel market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Global steel market 2017 - 2021 (million t)
4.2 End-user Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - End-user Segment 2017 - 2021 (million t)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 (million t)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 (million t)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 (million t)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Construction - Market size and forecast 2022-2027
Exhibit 34: Chart on Construction - Market size and forecast 2022-2027 (million t)
Exhibit 35: Data Table on Construction - Market size and forecast 2022-2027 (million t)
Exhibit 36: Chart on Construction - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Construction - Year-over-year growth 2022-2027 (%)
6.4 Machinery - Market size and forecast 2022-2027
Exhibit 38: Chart on Machinery - Market size and forecast 2022-2027 (million t)
Exhibit 39: Data Table on Machinery - Market size and forecast 2022-2027 (million t)
Exhibit 40: Chart on Machinery - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Machinery - Year-over-year growth 2022-2027 (%)
6.5 Transportation - Market size and forecast 2022-2027
Exhibit 42: Chart on Transportation - Market size and forecast 2022-2027 (million t)
Exhibit 43: Data Table on Transportation - Market size and forecast 2022-2027 (million t)
Exhibit 44: Chart on Transportation - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Transportation - Year-over-year growth 2022-2027 (%)
6.6 Metal Goods - Market size and forecast 2022-2027
Exhibit 46: Chart on Metal Goods - Market size and forecast 2022-2027 (million t)
Exhibit 47: Data Table on Metal Goods - Market size and forecast 2022-2027 (million t)
Exhibit 48: Chart on Metal Goods - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Metal Goods - Year-over-year growth 2022-2027 (%)
6.7 Others - Market size and forecast 2022-2027
Exhibit 50: Chart on Others - Market size and forecast 2022-2027 (million t)
Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 (million t)
Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by End-user
Exhibit 54: Market opportunity by End-user (million t)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 55: Chart on Type - Market share 2022-2027 (%)
Exhibit 56: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 57: Chart on Comparison by Type
Exhibit 58: Data Table on Comparison by Type
7.3 Flat steel - Market size and forecast 2022-2027
Exhibit 59: Chart on Flat steel - Market size and forecast 2022-2027 (million t)
Exhibit 60: Data Table on Flat steel - Market size and forecast 2022-2027 (million t)
Exhibit 61: Chart on Flat steel - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Flat steel - Year-over-year growth 2022-2027 (%)
7.4 Long steel - Market size and forecast 2022-2027
Exhibit 63: Chart on Long steel - Market size and forecast 2022-2027 (million t)
Exhibit 64: Data Table on Long steel - Market size and forecast 2022-2027 (million t)
Exhibit 65: Chart on Long steel - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Long steel - Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Type
Exhibit 67: Market opportunity by Type (million t)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 (million t)
Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 (million t)
Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 Europe - Market size and forecast 2022-2027
Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 (million t)
Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 (million t)
Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.5 North America - Market size and forecast 2022-2027
Exhibit 81: Chart on North America - Market size and forecast 2022-2027 (million t)
Exhibit 82: Data Table on North America - Market size and forecast 2022-2027 (million t)
Exhibit 83: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 (million t)
Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (million t)
Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.7 South America - Market size and forecast 2022-2027
Exhibit 89: Chart on South America - Market size and forecast 2022-2027 (million t)
Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 (million t)
Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 93: Chart on China - Market size and forecast 2022-2027 (million t)
Exhibit 94: Data Table on China - Market size and forecast 2022-2027 (million t)
Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 India - Market size and forecast 2022-2027
Exhibit 97: Chart on India - Market size and forecast 2022-2027 (million t)
Exhibit 98: Data Table on India - Market size and forecast 2022-2027 (million t)
Exhibit 99: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on India - Year-over-year growth 2022-2027 (%)
9.10 Japan - Market size and forecast 2022-2027
Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 (million t)
Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 (million t)
Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)
9.11 US - Market size and forecast 2022-2027
Exhibit 105: Chart on US - Market size and forecast 2022-2027 (million t)
Exhibit 106: Data Table on US - Market size and forecast 2022-2027 (million t)
Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
9.12 Russia - Market size and forecast 2022-2027
Exhibit 109: Chart on Russia - Market size and forecast 2022-2027 (million t)
Exhibit 110: Data Table on Russia - Market size and forecast 2022-2027 (million t)
Exhibit 111: Chart on Russia - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on Russia - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 113: Market opportunity by geography (million t)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 114: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 115: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 116: Overview on factors of disruption
11.4 Industry risks
Exhibit 117: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 118: Vendors covered
12.2 Market positioning of vendors
Exhibit 119: Matrix on vendor position and classification
12.3 Ansteel Group Corp. Ltd.
Exhibit 120: Ansteel Group Corp. Ltd. - Overview
Exhibit 121: Ansteel Group Corp. Ltd. - Product / Service
Exhibit 122: Ansteel Group Corp. Ltd. - Key offerings
12.4 ArcelorMittal SA
Exhibit 123: ArcelorMittal SA - Overview
Exhibit 124: ArcelorMittal SA - Business segments
Exhibit 125: ArcelorMittal SA - Key news
Exhibit 126: ArcelorMittal SA - Key offerings
Exhibit 127: ArcelorMittal SA - Segment focus
12.5 Baosteel Group Corp.
Exhibit 128: Baosteel Group Corp. - Overview
Exhibit 129: Baosteel Group Corp. - Product / Service
Exhibit 130: Baosteel Group Corp. - Key offerings
12.6 Beijing Jianlong Heavy Industry Group Co. Ltd.
Exhibit 131: Beijing Jianlong Heavy Industry Group Co. Ltd. - Overview
Exhibit 132: Beijing Jianlong Heavy Industry Group Co. Ltd. - Product / Service
Exhibit 133: Beijing Jianlong Heavy Industry Group Co. Ltd. - Key offerings
12.7 Benxi Steel Group Co. Ltd.
Exhibit 134: Benxi Steel Group Co. Ltd. - Overview
Exhibit 135: Benxi Steel Group Co. Ltd. - Product / Service
Exhibit 136: Benxi Steel Group Co. Ltd. - Key offerings
12.8 China Baowu Steel Group Corp. Ltd.
Exhibit 137: China Baowu Steel Group Corp. Ltd. - Overview
Exhibit 138: China Baowu Steel Group Corp. Ltd. - Product / Service
Exhibit 139: China Baowu Steel Group Corp. Ltd. - Key offerings
12.9 HBIS Group Co. Ltd.
Exhibit 140: HBIS Group Co. Ltd. - Overview
Exhibit 141: HBIS Group Co. Ltd. - Product / Service
Exhibit 142: HBIS Group Co. Ltd. - Key offerings
12.10 Hebei Jingye Group
Exhibit 143: Hebei Jingye Group - Overview
Exhibit 144: Hebei Jingye Group - Product / Service
Exhibit 145: Hebei Jingye Group - Key offerings
12.11 Hyundai Steel Co.
Exhibit 146: Hyundai Steel Co. - Overview
Exhibit 147: Hyundai Steel Co. - Product / Service
Exhibit 148: Hyundai Steel Co. - Key offerings
12.12 JFE Holdings Inc.
Exhibit 149: JFE Holdings Inc. - Overview
Exhibit 150: JFE Holdings Inc. - Business segments
Exhibit 151: JFE Holdings Inc. - Key news
Exhibit 152: JFE Holdings Inc. - Key offerings
Exhibit 153: JFE Holdings Inc. - Segment focus
12.13 JSW STEEL Ltd.
Exhibit 154: JSW STEEL Ltd. - Overview
Exhibit 155: JSW STEEL Ltd. - Product / Service
Exhibit 156: JSW STEEL Ltd. - Key offerings
12.14 Liuzhou Iron and Steel Co. Ltd.
Exhibit 157: Liuzhou Iron and Steel Co. Ltd. - Overview
Exhibit 158: Liuzhou Iron and Steel Co. Ltd. - Product / Service
Exhibit 159: Liuzhou Iron and Steel Co. Ltd. - Key offerings
12.15 Nippon Steel Corp.
Exhibit 160: Nippon Steel Corp. - Overview
Exhibit 161: Nippon Steel Corp. - Business segments
Exhibit 162: Nippon Steel Corp. - Key offerings
Exhibit 163: Nippon Steel Corp. - Segment focus
12.16 NLMK Group
Exhibit 164: NLMK Group - Overview
Exhibit 165: NLMK Group - Business segments
Exhibit 166: NLMK Group - Key offerings
Exhibit 167: NLMK Group - Segment focus
12.17 Nucor Corp.
Exhibit 168: Nucor Corp. - Overview
Exhibit 169: Nucor Corp. - Business segments
Exhibit 170: Nucor Corp. - Key news
Exhibit 171: Nucor Corp. - Key offerings
Exhibit 172: Nucor Corp. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 175: Currency conversion rates for US$
13.4 Research methodology
Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources
13.5 List of abbreviations
Exhibit 179: List of abbreviations