The Global Steel Rebar Market size was estimated at USD 17.65 billion in 2022 and expected to reach USD 18.24 billion in 2023, projecting growth at a CAGR of 3.76% to reach USD 23.72 billion by 2030.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.
Cumulative Impact of COVID-19:
The COVID-19 pandemic has had an acute impact on the demand for steel rebar due to a decrease in construction activities around the world. Many countries have implemented restrictions to contain the spread of the virus, leading to a halt or slowdown in construction projects during 2020. This has led to a substantial drop in steel rebar demand as fewer projects are being initiated. Additionally, many countries are also facing economic uncertainty due to the pandemic, which is further affecting the construction industry’s ability to source materials such as steel rebar.
Cumulative Impact of Russia-Ukraine Conflict:
The ongoing conflict between Russia and Ukraine has had a negative impact on the global supply chain of steel products, including steel rebar. The conflict has disrupted shipping routes used by many countries for importing raw materials for making steel products. This disruption has resulted in higher costs for companies that rely on imported materials for producing steel products like rebars. Additionally, the war has also caused delays in the transportation of goods from one region to another resulting in increased lead times for the delivery of products like steel rebar globally.
Cumulative Impact of High Inflation:
High inflation rates around the world have made it more difficult for companies involved in manufacturing or selling steel products such as rebars to remain profitable due to higher input costs associated with raw materials or labor involved in production processes. Moreover, due to higher price points of finished goods such as steel rebars, customers are opting out from purchasing them, leading to lower sales volumes which are adversely affecting overall market dynamics related to this product type globally.
The market dynamics represent the ever-shifting landscape of the Global Steel Rebar Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.
- Rising number of construction activities and infrastructure development projects across economies
- Increasing need for high strength, non-corrosive, and flexible rebars for better performance
- Availability of government initiatives to expand the production of steel rebars
- High initial capital requirement and operational limitations associated with steel rebar
- High potential across increasing number of green buildings owing to its recyclable nature
- Growing development of new steel rebar with thermo-strengthen capabilities
- Availability of a cheaper and wide variety of substitutes of steel rebars
Market Segmentation & Coverage:
- Based on Type, the market is studied across Cold Rolled Steel Bars, Hot Rolled Deformed Bars, Mild Steel Bars, Twisted Steel Bars, and Welded Steel Wire.
- Based on Size, the market is studied across #10 Bar Size, #11 Bar Size, #14 Bar Size, #18 Bar Size, #3 Bar Size, #4 Bar Size, #5 Bar Size, #6 Bar Size, #7 Bar Size, #8 Bar Size, and #9 Bar Size.
- Based on Process, the market is studied across Basic Oxygen Steelmaking and Electric Arc Furnace.
- Based on End-User, the market is studied across Housing, Industrial, and Infrastructure.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
This research report categorizes the Global Steel Rebar Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Steel Rebar Market, including Acerinox S.A., ArcelorMittal S.A., Blue Springs Beam Services Inc., CELSA Group, Commercial Metals Company, Contractors Materials Company, Daido Steel Co., Ltd., Essar Group, Gerdau S/A, HBIS Group, Hyundai Steel Co., Ltd., JSW One, Mechel PAO, Nippon Steel Corporation, NMLK Group, Nucor Corporation, Puget Sound Steel Company, Riva Forni Electrici S.p.A., Saudi Iron and Steel Company, Shandong Rigang Metal Material Co., Ltd., Sohar Steel Group, Steel Authority of India Limited, Steel Dynamics, Inc., Steelex Inc., and Tata Steel Limited.
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global Steel Rebar Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global Steel Rebar Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global Steel Rebar Market?
- What is the competitive strategic window for opportunities in the Global Steel Rebar Market?
- What are the technology trends and regulatory frameworks in the Global Steel Rebar Market?
- What is the market share of the leading vendors in the Global Steel Rebar Market?
- What modes and strategic moves are considered suitable for entering the Global Steel Rebar Market?