LONDON--(BUSINESS WIRE)--Technavio has been monitoring the steel long products market and it is poised to grow by 121.55 mn 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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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.
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Rising industrialization in APAC has been instrumental in driving the growth of the market.
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Steel Long Products Market 2020-2024: Segmentation
Steel Long Products Market is segmented as below:
-
Type
- Rebars
- Wire Rods
- Tubes
- Sections
- Others
-
Geography
- APAC
- Europe
- North America
- MEA
- South America
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. The steel long products market report covers the following areas:
- Steel Long Products Market Size
- Steel Long Products Market Trends
- Steel Long Products Market Industry Analysis
This study identifies increase in use of steel scrap as one of the prime reasons driving the steel long products market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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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 focus 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.