Global TMT Steel Bar Market 2024-2028
The TMT steel bar market is forecasted to grow by USD 85.9 bn during 2023-2028, accelerating at a CAGR of 4.26% during the forecast period. The report on the TMT steel bar 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 increasing demand for steel, advantages of TMT steel bar over other steel bars, and growing global construction industry.
Technavio's TMT steel bar market is segmented as below:
By End-user
- Residential
- Commercial
- Infrastructure
By Grade Type
- Fe 415
- Fe 500 and 500D
- Fe 550 and 550D
- Fe 600
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the rising demand for seismic resistance as one of the prime reasons driving the TMT steel bar market growth during the next few years. Also, increasing use of electric arc furnaces and emergence of GFRP rebars will lead to sizable demand in the market.
The report on the TMT steel bar market covers the following areas:
- TMT steel bar market sizing
- TMT steel bar market forecast
- TMT steel bar 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 TMT steel bar market vendors that include Agni Steels Private Ltd., ArcelorMittal, Atlas Group, Bansal Group, Kamdhenu Ltd., MMD, MS Life Steel, MSP Steel and Power Ltd., O. P. Jindal Group, Primegold International Ltd., Radha Smelters Pvt. Ltd., Shyam Metallics, Spark Electrodes Pvt. Ltd., SRMB SRIJAN Pvt. Ltd., Stecol International Pvt. Ltd., Tata Steel, and Ultra TMT. Also, the TMT steel bar 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.