Steel Wire Market Analysis By Industry Size, Share, Revenue Growth, Development And Demand Forecast 2022-2030

Astute Analytica's recent report on the global Steel Wire Market encompasses all of the factors that will impact the market in the coming years. The report covers a variety of topics, including the impact of COVID-19, shareholding segments, latest trends, future prospects, innovations, strategies, etc.

Global Steel Wire Market is projected to offer a growth opportunity of nearly US$ 100.76 Bn from 2022-2030 and is estimated to reach US$ 179.85 Bn by 2030. The market is expected to register a CAGR of 10.81 % during the forecast period 2022-2030.

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Factors Influencing the Market

Favorable regulatory standards for tax breaks for infrastructure ventures are primarily driving the growth of the global Steel Wire Market. In addition, other factors like the rapidly growing urban population, technological advancements, and growing R&D activities will offer lucrative growth opportunities for market growth.

However, risks associated with equipment handling and high machine costs are expected to stymie the growth of the Steel Wire Market. This report on the global Industrial & Heavy Machinery Market outlines every subject impacting the market. The report offers both qualitative and quantitative analysis based on every segment.

COVID-19 Impact Analysis

Following the coronavirus pandemic, the Steel Wire Market experienced a sharp decline in terms of revenue. The COVID-19 pandemic forced the imposition of a lockdown to reduce infection among the population across countries. Moreover, manufacturing companies rely heavily on the supply of raw materials and components from other countries around the world, which was halted during the pandemic. Thus, the negatively affected the global Steel Wire Market.

List of Key Companies Profiled

ArcelorMittal
Bekaert SA
Bharat Wire Ropes Limited
China Baowu Group
CSN Steel
Ferrier Nord
Gustav Wolf GmbH
HBIS Group
JFE Steel Corporation
Jianglin Stainless
JSW Steel Ltd.
Kobe Steel, Ltd.
Nippon Steel
POSCO
SHAGANG GROUP Inc.
TATA Steel Limited
Teufelberger
Usha Martin
Other Prominent Players
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Segmentation Overview

The global steel wire market is segmented as follows:

By Type

Carbon Steel
Alloy Steel
Stainless Steel
By Form

Rope
Non- Rope
By Coating Type

PVC
Zinc
Aluminum Alloy
Stainless Steel
Others
By Thickness

0.01 mm to 0.8 mm
0.8 mm to 1.6 mm
1.6 mm to 4 mm
4 mm & above
By End User

Oil and Gas
Aerospace
Mining
Manufacturing
Automotive
Construction
Agriculture
Entertainment
Others
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
South Korea
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
Saudi Arabia
South Africa
UAE
Rest of MEA
South America
Argentina
Brazil
Rest of South America
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About Astute Analytica:

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This release was published on openPR.