[199 Pages Report] The Steel Rebar Market size was estimated at USD 18.24 billion in 2023 and expected to reach USD 18.89 billion in 2024, at a CAGR 3.82% to reach USD 23.72 billion by 2030.
Steel rebars are used to improve the tensile strength of the concrete and strengthen stonework structures. The surface of the steel rebar helps in improving the quality of the bond with the concrete. The market is driven by the increasing need for high-strength, non-corrosive, and flexible rebars for better performance and a rising number of construction activities and infrastructure development projects across economies. Additionally, a growing development of new steel rebars with thermo-strengthened capabilities presents various opportunities to capitalize upon. However, high initial capital requirements and operational limitations associated with steel rebar can limit product penetration. Current issues for the availability of a low-cost and wide variety of substitutes for steel rebars may impede this progress moderately. Market players have the opportunity to incorporate new steel rebars with thermo-strengthening capabilities.
Regional Insights
The Asia-Pacific region is the hub of foreign investments and growing industrial sectors primarily due to low-cost labor and cheap availability of lands. This leads to a surge in construction activities, which helps to increase the demand for steel rebar. In addition, the demand for steel rebar in this region is also attributed to rapid urbanization and high growth in the infrastructure sector. The growth rate is expected to be influenced by the increasing flow of funds toward various infrastructure projects and new residential construction from the governments of the United States, Mexico, and Canada. Whereas Europe steel rebar sellers are noticing an improvement in prices and demand in the domestic and export markets. Europe’s steel rebar market is projected to grow owing to the expansion of the industrial application, which is projected to increase due to the rising construction of warehouses, storage units, and manufacturing facilities.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Steel Rebar Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Steel Rebar Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Steel Rebar Market, highlighting leading vendors and their innovative profiles. These include Acerinox S.A., Ansteel Group, ArcelorMittal S.A., Asial Metal Ltd., ATG Deutschland GmbH, Austen Knapman Limited, Blue Springs Beam Services Inc., Bluescope Steel Limited, BRC Reinforcement Ltd, CELSA Group, Commercial Metals Company, Contractors Materials Company, Daido Steel Co., Ltd., Essar Group, EVRAZ PLC, Gerdau S/A, HBIS Group, Hyundai Steel Co., Ltd., JFE Steel Corporation, Jindal Steel & Power Limited, JSW One, Kerschgens Werkstoffe & Mehr GmbH, KOBE STEEL, LTD., LIBERTY Steel Group, Mechel PAO, Metinvest Holding LLC, Michelmann Steel Construction Co., Midland Steel Supplies Ltd., Nippon Steel Corporation, NJR Steel, NMLK Group, Northern Ray Pte Ltd, Nucor Corporation, OUTOKUMPU OYJ, PohlCon GmbH, Posco SS Vina, Co. Ltd., Puget Sound Steel Company, Rajhi Steel Industries Company Ltd., Rebar Steel Corp, Riva Forni Electrici S.p.A., Saudi Iron and Steel Company, Scheibinox OHG, Severstal JSC, Shagang Group, Shandong Rigang Metal Material Co., Ltd., Sohar Steel Group, Steel Authority of India Limited, Steel Dynamics, Inc., Steelex Inc., and Tata Steel Limited.
Market Segmentation & Coverage
This research report categorizes the Steel Rebar Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Type
- Cold Rolled Steel Bars
- Hot Rolled Deformed Bars
- Mild Steel Bars
- Twisted Steel Bars
- Welded Steel Wire
- Size
- #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
- #9 Bar Size
- Process
- Basic Oxygen Steelmaking
- Electric Arc Furnace
- End-User
- Housing
- Industrial
- Infrastructure
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Steel Rebar Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Steel Rebar Market?
- What are the technology trends and regulatory frameworks in the Steel Rebar Market?
- What is the market share of the leading vendors in the Steel Rebar Market?
- Which modes and strategic moves are suitable for entering the Steel Rebar Market?
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