Insights on the Global Steel Long Products Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

Technavio has been monitoring the steel long products market and it is poised to grow by 121.55 million MT during 2020-2024, progressing at a CAGR of almost 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the steel long products market in 2019?

• Technavio says that the value of the market was 994.71 million MT in 2019 and is projected to reach 1,116.26 million MT by 2024.

• At what rate is the market projected to grow during the forecast period 2020-2024?

• Growing at a CAGR of almost 2%, the market growth will accelerate in the forecast period.

• What is the key factor driving the market?

• Rising industrialization in APAC is one of the key factors driving the market growth.

• Who are the top players in the market?

• ArcelorMittal SA, Essar Steel India Ltd., Hitachi Metals Ltd., Hyundai Steel Co., JSW Steel Ltd., Nippon Steel Corp., Nucor Corp., POSCO Group, Tata Steel Ltd., and United States Steel Corp. some of the major market participants.

• Which region is expected to hold the highest market share?

• APAC

• What is the year-over-year growth rate of the global market?

• The year-over-year growth rate for 2020 is estimated at 1.64%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ArcelorMittal SA, Essar Steel India Ltd., Hitachi Metals Ltd., Hyundai Steel Co., JSW Steel Ltd., Nippon Steel Corp., Nucor Corp., POSCO Group, Tata Steel Ltd., and United States Steel Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Rising industrialization in APAC has been instrumental in driving the growth of the market.

Steel Long Products Market 2020-2024: Segmentation

Steel Long Products Market is segmented as below:

• Geography
  • APAC
  • Europe
  • North America
  • MEA
  • South America
• Type
  • Rebars
  • Wire Rods
  • Tubes
  • Sections
  • Others

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Steel Long Products Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our steel long products market report covers the following areas:

• Steel Long Products Market size
• Steel Long Products Market trends
• Steel Long Products Market analysis

This study identifies an increase in the use of steel scrap as one of the prime reasons driving the steel long products market growth during the next few years.

Steel Long Products Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the steel long products market, including some of the vendors such as ArcelorMittal SA, Essar Steel India Ltd., Hitachi Metals Ltd., Hyundai Steel Co., JSW Steel Ltd., Nippon Steel Corp., Nucor Corp., POSCO Group, Tata Steel Ltd., and United States Steel Corp. Backed with competitive intelligence and benchmarking, our research reports on the steel long products market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Steel Long Products Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist steel long products market growth during the next five years
• Estimation of the steel long products market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the steel long products market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of steel long products market vendors

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Type

• Market segments
• Comparison by Type
• Rebars - Market size and forecast 2019-2024
• Wire rods - Market size and forecast 2019-2024
• Tubes - Market size and forecast 2019-2024
• Sections - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by Type

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ArcelorMittal SA
• Essar Steel India Ltd.
• Hitachi Metals Ltd.
• Hyundai Steel Co.
• JSW Steel Ltd.
• Nippon Steel Corp.
• Nucor Corp.
• POSCO Group
• Tata Steel Ltd.
• United States Steel Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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