PUBLISHER: Lucintel | PRODUCT CODE: 1417911
PUBLISHER: Lucintel | PRODUCT CODE: 1417911
Galvanized Steel Wire Trends and Forecast
The future of the global galvanized steel wire market looks promising with opportunities in the power distribution network and bridge markets. The global galvanized steel wire market is expected to reach an estimated $0.7 billion by 2030 with a CAGR of 4.1% from 2024 to 2030. The major drivers for this market are increasing use of galvanized steel wires in the building sector due to their extreme durability and temperature resistance and growing use of multi-core electric cables strengthened with galvanized steel wire in the electronics sector.
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Galvanized Steel Wire by Segment
The study includes a forecast for the global galvanized steel wire by product, application, and region.
List of Galvanized Steel Wire Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies galvanized steel wire companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the galvanized steel wire companies profiled in this report include-
Galvanized Steel Wire Market Insights
Lucintel forecasts that hot-dip galvanized will remain the largest segment over the forecast period due to extended lifespan.
Within this market, power distribution network is expected to witness the highest growth due to increasing utilization of this wire within the electronics sector to enhance the strength of multi-core electric cables.
APAC is expected to witness highest growth over the forecast period due to expansion of steel production and investments in infrastructure projects that involve lift and motion applications.
Features of the Global Galvanized Steel Wire Market
Market Size Estimates: Galvanized steel wire market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Galvanized steel wire market size by product, application, and region in terms of value ($B).
Regional Analysis: Galvanized steel wire market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product, application, and regions for the galvanized steel wire market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the galvanized steel wire market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the galvanized steel wire market size?
Answer: The global galvanized steel wire market is expected to reach an estimated $0.7 billion by 2030.
Q2. What is the growth forecast for galvanized steel wire market?
Answer: The global galvanized steel wire market is expected to grow with a CAGR of 4.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the galvanized steel wire market?
Answer: The major drivers for this market are increasing use of galvanized steel wires in the building sector due to their extreme durability and temperature resistance and growing use of multi-core electric cables strengthened with galvanized steel wire in the electronics sector.
Q4. What are the major segments for galvanized steel wire market?
Answer: The future of the galvanized steel wire market looks promising with opportunities in the power distribution network and bridge markets.
Q5. Who are the key galvanized steel wire market companies?
Answer: Some of the key galvanized steel wire companies are as follows.
Q6. Which galvanized steel wire market segment will be the largest in future?
Answer: Lucintel forecasts that hot-dip galvanized will remain the largest segment over the forecast period due to extended lifespan.
Q7. In galvanized steel wire market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to expansion of steel production and investments in infrastructure projects that involve lift and motion applications.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.