According to our (Global Info Research) latest study, the global Hot-Rolled Steel Round Bars market size was valued at USD 90800 million in 2023 and is forecast to a readjusted size of USD 108190 million by 2030 with a CAGR of 2.5% during review period.
Steel round bars refer to long-solid steel bars with the circular cross-section. Diameter is one of specifications and expressed in millimeters (mm).
The prospects for steel round bars remain highly positive, with continued growth expected in the foreseeable future. Steel round bars are a fundamental product in the steel industry, widely used across various sectors due to their versatility, strength, and applicability. Here are key aspects contributing to the optimistic outlook for steel round bars:
Diverse Industrial Applications:
Steel round bars are indispensable in diverse industries, including construction, manufacturing, automotive, aerospace, energy, shipbuilding, and more. They serve as essential components in structures, machinery, tools, and various applications.
Infrastructure Development and Construction:
As global infrastructure development continues, the demand for steel round bars is expected to rise. These bars play a vital role in construction projects, including bridges, buildings, roads, and other critical infrastructure.
Growing Manufacturing Sector:
The manufacturing sector, particularly machinery and equipment manufacturing, significantly contributes to the demand for steel round bars. These bars are crucial for fabricating parts, gears, axles, and more in the manufacturing industry.
Automotive and Transportation Industry Growth:
The automotive and transportation sectors are major consumers of steel round bars, utilizing them for axles, crankshafts, steering components, suspension systems, and more. The expansion of these industries worldwide drives the demand for steel round bars.
Oil and Gas Industry Demand:
The oil and gas industry relies on steel round bars for various applications, including drill bits, pipelines, valves, and machinery components. As exploration and extraction activities continue, the demand for steel round bars in this sector remains steady.
The Global Info Research report includes an overview of the development of the Hot-Rolled Steel Round Bars industry chain, the market status of Construction (Stainless Steel Bars, Carbon Steel Bars), Production Equipment (Stainless Steel Bars, Carbon Steel Bars), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Hot-Rolled Steel Round Bars.
Regionally, the report analyzes the Hot-Rolled Steel Round Bars markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Hot-Rolled Steel Round Bars market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Hot-Rolled Steel Round Bars market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Hot-Rolled Steel Round Bars industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (K MT), revenue generated, and market share of different by Type (e.g., Stainless Steel Bars, Carbon Steel Bars).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Hot-Rolled Steel Round Bars market.
Regional Analysis: The report involves examining the Hot-Rolled Steel Round Bars market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Hot-Rolled Steel Round Bars market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Hot-Rolled Steel Round Bars:
Company Analysis: Report covers individual Hot-Rolled Steel Round Bars manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Hot-Rolled Steel Round Bars This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Construction, Production Equipment).
Technology Analysis: Report covers specific technologies relevant to Hot-Rolled Steel Round Bars. It assesses the current state, advancements, and potential future developments in Hot-Rolled Steel Round Bars areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Hot-Rolled Steel Round Bars market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Hot-Rolled Steel Round Bars market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Stainless Steel Bars
Carbon Steel Bars
Market segment by Application
Construction
Production Equipment
General Application
Others
Major players covered
Riva Group
Sidenor
Tata Steel
Sandvik Materials Technology
Saarstahl
DEW-STAHL
IMS - SCHMOLZ+BICKENBACH
Ascometal
Georgsmarienhütte
Caparo Merchant Bar
Xiwang Special Steel
Zhuzhou Lizhou
Meigi Co.,Ltd
OSAKA STAINLESS Co
Hanil Steel
MITSUBISHI STEEL MFG
JFE Steel
Dongbei Special Steel Group
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Hot-Rolled Steel Round Bars product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Hot-Rolled Steel Round Bars, with price, sales, revenue and global market share of Hot-Rolled Steel Round Bars from 2019 to 2024.
Chapter 3, the Hot-Rolled Steel Round Bars competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Hot-Rolled Steel Round Bars breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Hot-Rolled Steel Round Bars market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Hot-Rolled Steel Round Bars.
Chapter 14 and 15, to describe Hot-Rolled Steel Round Bars sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Hot-Rolled Steel Round Bars. Industry analysis & Market Report on Hot-Rolled Steel Round Bars is a syndicated market report, published as Global Hot-Rolled Steel Round Bars Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Hot-Rolled Steel Round Bars market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.