Global Steel Rebars Market 2024-2028
The steel rebars market is forecasted to grow by USD 57.68 bn during 2023-2028, accelerating at a CAGR of 4.45% during the forecast period. The report on the steel rebars market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by demand for steel rebars due to growing construction activities, growing use of advanced steel rebars, and growing emphasis on infrastructure development.
Technavio's steel rebars market is segmented as below:
By Type
By Application
- Residential
- Commercial
- Public infrastructure
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the growing product innovations in steel rebars as one of the prime reasons driving the steel rebars market growth during the next few years. Also, increasing use of electric arc furnaces in steel production and increasing use of FRP rebars and hollow FRP rebars will lead to sizable demand in the market.
The report on the steel rebars market covers the following areas:
- Steel rebars market sizing
- Steel rebars market forecast
- Steel rebars market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading steel rebars market vendors that include Agni Steels Private Ltd., ArcelorMittal SA, Baosteel Group Co. ltd., Commercial Metals Co., EVRAZ Plc, Gerdau SA, Hyundai Motor Co., JSW Group, Kamdhenu Ltd., MMD, MSP Steel and Power Ltd., Nucor Corp., Primegold International Ltd., Radha Smelters Pvt. Ltd., Rashtriya Ispat Nigam Ltd., Sage Metals, Shagang Group Inc., Spark Electrodes Pvt. Ltd., Tata Steel Ltd., and Super Shakti. Also, the steel rebars market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.