Learn about the global steel wire market through The Business Research Company, which provides information on steel wire market size, steel wire market drivers and restraints, steel wire market players, the COVID-19 impact on the steel wire market, and more.

The global steel wire market size is expected to grow from $84.9 billion in 2021 to $88.67 billion in 2022 at a compound annual growth rate (CAGR) of 4.4%. The global steel wires market size is expected to grow to $105.82 billion in 2026 at a CAGR of 4.5%.

Growing demand for high-rise buildings is expected to drive the growth of the steel wires market.

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The steel wires market consists of sales of steel products by entities (organizations, sole traders and partnerships) that produce steel products such as tubes and pipes from iron and steel, shapes drawn through rolling or drawing of purchased iron or steel, and draw steel wire. Steel wire manufacturing consists of different sizes, diameters, and strengths that are used for the purpose and survival of several types of equipment.

Global Steel Wire Market Segments Include:

By Type: Carbon Steel, Alloy Steel

By Thickness: 0.01 mm to 0.8 mm, 0.8 mm to 1.6 mm, 1.6 mm to 4 mm, 4 mm and Above

By Form: Non-Rope, Rope

By End-Use: Construction, Automotive, Energy, Agriculture, Industrial

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the steel wire market in 2021

Product innovations and new product launch are a key trend gaining popularity in the steel wire market. Companies in the market are focusing on introducing new, advanced and efficient steel wires.

TBRC’s Steel Wire Market Report Covers:

Major Market Players: ArcelorMittal, Nippon Steel, JFE Steel Corporation, Bekaert SA, Tata Steel Limited, Kobe Steel Limited, The Heico Companies, Ferrier Nord, Chung Woo Rope Co. Ltd, Fasten Group, Gustav Wolf GmbH, Bharat Wire Ropes Limited., Certex Svenska AB, DaeChang Steel, Kiswire Inc., Mahadev Industries, Mazzella Companies, Shinko Wire Company Ltd., SWR Ltd., Metallia U.S.A. LLC, Republic Steel, King Steel, Cascade Steel Rolling Mills Inc., North American Stainless, Global Steel Wire, Keystone Consolidated Industries Inc., Greenmount Corporation., BRUGG Lifting AG, Tokyo Rope Mfg. Co, and Cortland Limited.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Steel Wire Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides steel wire market overviews, analyzes and forecasts market size, share, steel wire market players, steel wire market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s steel wire market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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