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Steel Wire Market: By Form, By Type, By Thickness, By End User and Geography
Steel Wire Market: By Form, By Type, By Thickness, By End User and Geography
Steel wire market size was valued at US$ 109,230.6 million in 2023 and is expected to reach a value of US$ 150,30.9 million by 2030, growing at a CAGR of 6.2% during the forecast period 2024 to 2030. The global market provides a detailed overview of the market and that can be segmented by form, type, thickness, and end-user. By form, the market has been segmented into non-rope and rope. The non-rope segment is likely to be the largest and fastest-growing segment in terms of form. Based on type, the market is segmented into carbon steel, alloy steel, and stainless steel.
Among these, the carbon steel segment is expected to have the fastest-growing market during the forecast period 2023-2029. On the basis of thickness, the market is segmented into 0.01 mm to 0.8 mm, 0.8 mm to 1.6 mm, 1.6 mm to 4 mm, and 4 mm & above. Among these, the 0.01 mm to 0.8 mm segment is expected to have the fastest-growing market during the forecast period 2023-2029. By end-user, the market is segregated into construction, automotive, energy, agriculture, industrial and others. The construction segment is likely to be the largest and fastest-growing segment in the market.
Study Period
2024-2030Base Year
2023CAGR
6.2%Largest Market
Asia PacificFastest Growing Market
Asia Pacific
Asia Pacific market is expected to witness the highest market share during the forecast period. The growth in the region can be attributed to increased car production, improved energy transmission infrastructure, and increased industrial manufacturing owing to rising demand from construction and infrastructure projects The region has a high number of tire manufacturers, and the region's electricity usage is on the rise, opening up new steel wire market in both industries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 109,230.6 million |
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Market Size in 2030 |
US$ 150,30.9 million |
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Market CAGR |
6.2% |
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By Form |
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By Type |
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By End User |
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Download Free Sample Report
The global steel wire market size was valued at US$ 109,230.6 million in 2023 and is projected to grow at a CAGR of 6.2% from 2024 to 2030.
The major players in the global steel wire market are ArcelorMittal (Luxembourg), Nippon Steel (Japan), JFE Steel Corporation (Japan), TATA Steel Limited (India), Kobe SteelLtd. (Japan), JSW Steel Ltd. (India), Bekaert SA (Belgium), The Heico Companies (United States), Ferrier Nord (Italy), Byelorussian Steel Works (Belarus) and Insteel (United States).
Asia Pacific is the fastest-growing region for steel wire market
| 1. Executive Summary |
| 2. Global Steel Wire Market Introduction |
| 2.1. Global Steel Wire Market Taxonomy |
| 2.2. Global Steel Wire Market Definitions |
| 2.2.1. By Form |
| 2.2.2. By Type |
| 2.2.3. By Thickness |
| 2.2.4. By End User |
| 2.2.5. By Region |
| 3. Global Steel Wire Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Steel Wire Market Dynamic Factors - Impact Analysis |
| 3.6. Global Steel Wire Market Competition Landscape |
| 4. Global Steel Wire Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Steel Wire Market, By Form, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Non-rope |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Rope |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6. Global Steel Wire Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Carbon Steel |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Alloy Steel |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Stainless Steel |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Steel Wire Market, By Thickness, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. 0.01 mm to 0.8 mm |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. 0.8 mm to 1.6 mm |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. 1.6 mm to 4 mm |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. 4 mm & above |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Steel Wire Market, By End User, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1. Construction |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Automotive |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Energy |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Agriculture |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Industrial |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Others |
| 8.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.6.3. Market Opportunity Analysis |
| 9. Global Steel Wire Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Steel Wire Market - Opportunity Analysis Index, By Form, Type, Thickness, End User, and Region, 2024 - 2030 |
| 10. North America Steel Wire Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Non-rope |
| 10.1.2. Rope |
| 10.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Carbon Steel |
| 10.2.2. Alloy Steel |
| 10.2.3. Stainless Steel |
| 10.3. Thickness Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1. 0.01 mm to 0.8 mm |
| 10.3.2. 0.8 mm to 1.6 mm |
| 10.3.3. 1.6 mm to 4 mm |
| 10.3.4. 4 mm & above |
| 10.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Construction |
| 10.4.2. Automotive |
| 10.4.3. Energy |
| 10.4.4. Agriculture |
| 10.4.5. Industrial |
| 10.4.6. Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Steel Wire Market - Opportunity Analysis Index, By Form, Type, Thickness, End User, and Country, 2024 - 2030 |
| 10.7. North America Steel Wire Market Dynamics Trends |
| 11. Europe Steel Wire Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Non-rope |
| 11.1.2. Rope |
| 11.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Carbon Steel |
| 11.2.2. Alloy Steel |
| 11.2.3. Stainless Steel |
| 11.3. Thickness Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1. 0.01 mm to 0.8 mm |
| 11.3.2. 0.8 mm to 1.6 mm |
| 11.3.3. 1.6 mm to 4 mm |
| 11.3.4. 4 mm & above |
| 11.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Construction |
| 11.4.2. Automotive |
| 11.4.3. Energy |
| 11.4.4. Agriculture |
| 11.4.5. Industrial |
| 11.4.6. Others |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Rest of Europe |
| 11.6. Europe Steel Wire Market - Opportunity Analysis Index, By Form, Type, Thickness, End User, and Country, 2024 - 2030 |
| 11.7. Europe Steel Wire Market Dynamics Trends |
| 12. Asia-Pacific Steel Wire Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Non-rope |
| 12.1.2. Rope |
| 12.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Carbon Steel |
| 12.2.2. Alloy Steel |
| 12.2.3. Stainless Steel |
| 12.3. Thickness Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1. 0.01 mm to 0.8 mm |
| 12.3.2. 0.8 mm to 1.6 mm |
| 12.3.3. 1.6 mm to 4 mm |
| 12.3.4. 4 mm & above |
| 12.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Construction |
| 12.4.2. Automotive |
| 12.4.3. Energy |
| 12.4.4. Agriculture |
| 12.4.5. Industrial |
| 12.4.6. Others |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. China |
| 12.5.2. India |
| 12.5.3. Japan |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Steel Wire Market - Opportunity Analysis Index, By Form, Type, Thickness, End User, and Country, 2024 - 2030 |
| 12.7. Asia-Pacific Steel Wire Market Dynamics Trends |
| 13. Latin America Steel Wire Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Non-rope |
| 13.1.2. Rope |
| 13.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1. Carbon Steel |
| 13.2.2. Alloy Steel |
| 13.2.3. Stainless Steel |
| 13.3. Thickness Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1. 0.01 mm to 0.8 mm |
| 13.3.2. 0.8 mm to 1.6 mm |
| 13.3.3. 1.6 mm to 4 mm |
| 13.3.4. 4 mm & above |
| 13.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Construction |
| 13.4.2. Automotive |
| 13.4.3. Energy |
| 13.4.4. Agriculture |
| 13.4.5. Industrial |
| 13.4.6. Others |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Rest of Latin America |
| 13.6. Latin America Steel Wire Market - Opportunity Analysis Index, By Form, Type, Thickness, End User, and Country, 2024 - 2030 |
| 13.7. Latin America Steel Wire Market Dynamics Trends |
| 14. Middle East and Africa Steel Wire Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 14.1. Form Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Non-rope |
| 14.1.2. Rope |
| 14.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1. Carbon Steel |
| 14.2.2. Alloy Steel |
| 14.2.3. Stainless Steel |
| 14.3. Thickness Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1. 0.01 mm to 0.8 mm |
| 14.3.2. 0.8 mm to 1.6 mm |
| 14.3.3. 1.6 mm to 4 mm |
| 14.3.4. 4 mm & above |
| 14.4. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Construction |
| 14.4.2. Automotive |
| 14.4.3. Energy |
| 14.4.4. Agriculture |
| 14.4.5. Industrial |
| 14.4.6. Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. South Africa |
| 14.5.3. Rest of MEA |
| 14.6. MEA Steel Wire Market - Opportunity Analysis Index, By Form, Type, Thickness, End User, and Country, 2024 - 2030 |
| 14.7. MEA Steel Wire Market Dynamics Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. ArcelorMittal (Luxembourg) |
| 15.2.2. Nippon Steel (Japan) |
| 15.2.3. JFE Steel Corporation (Japan) |
| 15.2.4. TATA Steel Limited (India) |
| 15.2.5. Kobe SteelLtd. (Japan) |
| 15.2.6. JSW Steel Ltd. (India) |
| 15.2.7. Bekaert SA (Belgium) |
| 15.2.8. The Heico Companies (United States) |
| 15.2.9. Ferrier Nord (Italy) |
| 15.2.10. Byelorussian Steel Works (Belarus) |
| 15.2.11. Insteel (United States) |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.