Steel Wire Market 2021 Analysis by Global Manufacturers – Heico Wire Group, Alabama Wire, Clingan Steel, Davis Wire Corporation
The global steel wire market size is expected to grow from USD 90.1 billion in 2020 to USD 116.7 billion by 2025, at a CAGR of 5.06% during the forecast period.
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Top Companies in the Global Steel Wire Market: Taubensee, Heico Wire Group, Alabama Wire, Clingan Steel, Davis Wire Corporation, Radcliff Wire, American Wire Group, Insteel Industries, Inc., Ferralloy_Inc, Kris-Tech Wire, Hanger Bolt_Stud Co._Inc, National Standard, Leggett & Platt Incorporated and others.
Steel wire coil with a diameter of 6 mm is used as a starting material. The chemical composition of the wire is 0.01C-0.3Si-0.2Mn. The wire is heated to 500 °C, rolled by an oval–square roll and coiled. Then, the rolled wire is again heated and rolled by a set of different oval–square rolls and coiled.
Industry News and Developments:
HEICO Corporation Completes the Acquisitions of Ridge Engineering and The Bechdon Company
August 5, 2021 / HEICO Corporation (NYSE:HEI.A and HEI) today announced that its Flight Support Group completed the acquisition of Ridge Engineering, Inc. ("Ridge") and The Bechdon Company, Inc. ("Bechdon") (together, the "Companies"). On July 6, 2021, HEICO announced it had entered into an agreement, subject to regulatory approval which was subsequently received, to acquire the Companies. The purchase was completed under the previously announced terms. HEICO expects the acquisitions to be accretive to its earnings within the first year following closing. Additional financial details were not disclosed.
Ridge is a leader in performing tight-tolerance machining and brazing of large-sized parts in mission-critical defense and aerospace applications. Bechdon performs precision machining, fabrication, and welding services for aerospace, defense, and other industrial applications and is a key subcontractor to Ridge.
This report segments the global Steel Wire market on the basis of Types is:
Carbon Steel Wire
Alloy Steel Wire
Stainless Steel Wire
On the basis of Application, the global Steel Wire market is segmented into:
The research study evaluates the overall size of the market, by making use of a bottom-up approach, wherein data for different industry verticals, and end-user industries and its applications across various product types have been recorded and predicted during the forecast period. These segments and sub-segments have been documented from the industry specialists and professionals, as well as company representatives, and are outwardly validated by analysing previous year's data of these segments and sub-segments for getting an accurate and complete Steel Wire market size.
Influence of the Steel Wire Market Report:
-Comprehensive assessment of all opportunities and risk in the Steel Wire market.
-Steel Wire market recent innovations and major events.
-Detailed study of business strategies for growth of the Steel Wire market-leading players.
-Conclusive study about the growth plot of Steel Wire market for forthcoming years.
-In-depth understanding of Steel Wire market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Steel Wire market.
For more information of this report:
Table Of Content
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Steel Wire Market Competitor Landscape by Players
Chapter 4 Steel Wire Market Size by Type and Application
Chapter 5 Global and Regional Analysis
Chapter 6 Company Profiles
Chapter 7 Market Opportunities, Challenges, Risks and Influences Factors Analysis
Chapter 8 Value Chain and Sales Channels Analysis
Chapter 9 Research Findings and Conclusion
Chapter 10 Methodology/Research Approach
Finally, the Steel Wire Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure, and so on. Steel Wire industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.
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