Press release
Global Steel Strap Market Growing at a CAGR of 6.14% to Reach USD 1992.46 Million By 2030 | Infinium Global Research
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Market Insight:
The global steel strap market, valued at USD 1,160.00 million in 2022, is forecasted to surge to USD 1,992.46 million by 2030, boasting a commendable CAGR of 6.14% during the forecast period from 2023 to 2030.
Steel strapping, crafted from high-tensile steel, emerges as a pivotal packaging solution across multiple industries like construction, shipping, logistics, and manufacturing. Its robustness and endurance enable the secure bundling and transportation of heavy loads such as lumber, steel, bricks, and machinery. Ranging in various sizes and thicknesses, these straps withstand harsh weather conditions, ensuring the safety of transported goods. Complemented by accessories like tensioners and sealers, steel strapping offers a comprehensive packaging solution for heavy loads.
The market's growth is propelled by heightened demand from construction, shipping, logistics, and manufacturing sectors worldwide. Increasing international trade demands secure packaging solutions, fostering steel strapping's prominence as a cost-effective and resilient bundling method for heavy cargo during transit. Concurrently, burgeoning investments in infrastructure projects globally further stimulate the market's expansion. Additionally, the rising focus on eco-friendly packaging solutions amplifies the demand for steel strapping. Nevertheless, the increasing popularity of unitization and alternative packaging methods presents challenges for steel strap adoption. Innovations in lightweight and high-strength steel straps, however, herald new avenues for market growth.
Geographic Dynamics:
North America and Europe witness significant demand for steel straps propelled by burgeoning construction, manufacturing, and logistics sectors. Asia-Pacific anticipates the highest growth, attributed to escalating demand in construction and logistics, with China, India, and Japan leading the surge. Latin America's market growth is buoyed by infrastructure investments, notably in Brazil and Mexico.
Segments Covered:
The comprehensive report segments the steel strap market based on type (regular steel, high tensile steel, stainless steel, and galvanized steel) and application (consumer goods, automotive, manufacturing, healthcare, real estate, among others).
Companies Profiled:
The report provides detailed profiles of market players such as The FROMM Group, ArcelorMittal, Independent Metal Strap, and others, highlighting their contributions to the steel strap market's evolution.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Steel Strap Market Highlights
2.2. Steel Strap Market Projection
2.3. Steel Strap Market Regional Highlights
Chapter 3. Global Steel Strap Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Type
3.4.2. IGR-Growth Matrix Analysis by Application
3.4.3. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Steel Strap Market
Chapter 4. Steel Strap Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Steel Strap Market
5.2. Companies Profiles
5.2.1. The FROMM Group
5.2.2. ArcelorMittal
5.2.3. Independent Metal Strap
5.2.4. Grip Strapping Technologies
5.2.5. TAIZHOU MING PAI PACKING CO., LTD.
5.2.6. GUANG ZHOU CGOOD STEEL CO., LTD.
5.2.7. Signode Industrial Group LLC
5.2.8. Suresh Steel Centre
5.2.9. American Strapping Company
5.2.10. DuBose Strapping, Inc.
Chapter 6. Global Steel Strap Market by Type
6.1. Regular Steel
6.2. High Tensile Steel
6.3. Stainless Steel
6.4. Galvanized (Zinc-Coated) Steel
Chapter 7. Global Steel Strap Market by Application
7.1. Consumer Goods
7.2. Automotive
7.3. Manufacturing
7.4. Healthcare
7.5. Real Estate
7.6. Others
Chapter 8. Global Steel Strap Market by Region 2023-2030
8.1. North America
8.1.1. North America Steel Strap Market by Type
8.1.2. North America Steel Strap Market by Application
8.1.3. North America Steel Strap Market by Country
8.1.3.1. The U.S. Steel Strap Market
8.1.3.1.1. The U.S. Steel Strap Market by Type
8.1.3.1.2. The U.S. Steel Strap Market by Application
8.1.3.2. Canada Steel Strap Market
8.1.3.2.1. Canada Steel Strap Market by Type
8.1.3.2.2. Canada Steel Strap Market by Application
8.1.3.3. Mexico Steel Strap Market
8.1.3.3.1. Mexico Steel Strap Market by Type
8.1.3.3.2. Mexico Steel Strap Market by Application
8.2. Europe
8.2.1. Europe Steel Strap Market by Type
8.2.2. Europe Steel Strap Market by Application
8.2.3. Europe Steel Strap Market by Country
8.2.3.1. Germany Steel Strap Market
8.2.3.1.1. Germany Steel Strap Market by Type
8.2.3.1.2. Germany Steel Strap Market by Application
8.2.3.2. United Kingdom Steel Strap Market
8.2.3.2.1. United Kingdom Steel Strap Market by Type
8.2.3.2.2. United Kingdom Steel Strap Market by Application
8.2.3.3. France Steel Strap Market
8.2.3.3.1. France Steel Strap Market by Type
8.2.3.3.2. France Steel Strap Market by Application
8.2.3.4. Italy Steel Strap Market
8.2.3.4.1. Italy Steel Strap Market by Type
8.2.3.4.2. Italy Steel Strap Market by Application
8.2.3.5. Rest of Europe Steel Strap Market
8.2.3.5.1. Rest of Europe Steel Strap Market by Type
8.2.3.5.2. Rest of Europe Steel Strap Market by Application
8.3. Asia Pacific
8.3.1. Asia Pacific Steel Strap Market by Type
8.3.2. Asia Pacific Steel Strap Market by Application
8.3.3. Asia Pacific Steel Strap Market by Country
8.3.3.1. China Steel Strap Market
8.3.3.1.1. China Steel Strap Market by Type
8.3.3.1.2. China Steel Strap Market by Application
8.3.3.2. Japan Steel Strap Market
8.3.3.2.1. Japan Steel Strap Market by Type
8.3.3.2.2. Japan Steel Strap Market by Application
8.3.3.3. India Steel Strap Market
8.3.3.3.1. India Steel Strap Market by Type
8.3.3.3.2. India Steel Strap Market by Application
8.3.3.4. South Korea Steel Strap Market
8.3.3.4.1. South Korea Steel Strap Market by Type
8.3.3.4.2. South Korea Steel Strap Market by Application
8.3.3.5. Australia Steel Strap Market
8.3.3.5.1. Australia Steel Strap Market by Type
8.3.3.5.2. Australia Steel Strap Market by Application
8.3.3.6. Rest of Asia-Pacific Steel Strap Market
8.3.3.6.1. Rest of Asia-Pacific Steel Strap Market by Type
8.3.3.6.2. Rest of Asia-Pacific Steel Strap Market by Application
8.4. RoW
8.4.1. RoW Steel Strap Market by Type
8.4.2. RoW Steel Strap Market by Application
8.4.3. RoW Steel Strap Market by Sub-region
8.4.3.1. Latin America Steel Strap Market
8.4.3.1.1. Latin America Steel Strap Market by Type
8.4.3.1.2. Latin America Steel Strap Market by Application
8.4.3.2. Middle East Steel Strap Market
8.4.3.2.1. Middle East Steel Strap Market by Type
8.4.3.2.2. Middle East Steel Strap Market by Application
8.4.3.3. Africa Steel Strap Market
8.4.3.3.1. Africa Steel Strap Market by Type
8.4.3.3.2. Africa Steel Strap Market by Application
More Insights on this report, Speak to Our Analyst: https://www.infiniumglobalresearch.com/market-reports/enquiry/286
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of steel straps.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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