According to AMA, the Steel Rebars market will register a CAGR of above 4.5% by 2026. The study covers a detailed analysis segmented by key business segments i.e. by type (Mild Steel Bars and Deformed Steel Bars (Thermo Mechanically Treated Bars, High Strength Deformed Bars)) , by application (Infrastructure, Housing, Industrial and Others) and major geographies. Research Analyst at AMA predicts that Asian and European Vendors will contribute to the maximum growth of Global Steel Rebars market throughout the predicted period.
What is Steel Rebars?
Steel rebar is also called a reinforcing bar, is mostly used in the construction sector for concrete reinforcement. The concrete can hold heavy load but it is weak in tension. Steel rebar enables concrete to carry tensile load. There are two types of steel bars such as mild steel bars and deformed steel bars. The emergence of a new construction project announced by the government to improve transportation infrastructure and decreasing the prices of steel rebars are the major drivers for the market. Whereas, newly announced of the mega project in the developing countries have been boosting the growth of the market. Additionally, the emergence of advanced thermo-mechanical technology for improving the quality of steel is supplementing the growth of the market. However, rusting of steel decreases the strength, high cost of fabrication and fluctuation in the prices of raw material is limiting the growth of the market.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Steel Rebars market analysis report suggests strategies Vendors can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, including:
- ArcelorMittal (Luxembourg)
- Saudi Iron & Steel Co. (Saudi Arabia)
- Tata Steel Ltd (India)
- Zamil Steel Buildings India Pvt. Ltd. (India)
- Hesteel Group (China)
- Baowu Group (China)
- Shagang Group (China)
- Sabic Hadeed (Saudi Arabia)
- EVRAZ (United Kingdom)
- Nucor (United States)
There are various standards available for steel rebars. For instance, European standards for reinforcement includes, EN 10138-1. Prestressing steels. General requirements, EN 10138-2. Prestressing steels. Wire, EN 10138-3. Prestressing steels. Strand and EN 10138-4. Prestressing steels. Bars
An Emergence of Advanced Thermo-Mechanical Technology for Improving Quality of Steel
- Rusting of Unprotected Steel Decreases Strength of the Steel
Upcoming Mega Projects such as The Hong Kong-Zhuhai-Macau Bridge, Beijing Daxing International Airport and others will grow market, Advanced Features such as ductility, high tension, offers perfect shaped beams, and columns and Increasing Research and Development Activities by Established Players
Key highlights of the Global Steel Rebars market Study:
CAGR of the market during the forecast period 2020-2026
In-depth information on growth factors that will accelerate the Steel Rebars market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Steel Rebars market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Steel Rebars Vendors
Transformation and Important Trigegrs:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Steel Rebars market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Steel Rebars market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Steel Rebars Manufacturers, Distribution and Suppliers, Raw Material Suppliers, Investors, Research and Development Organization, Government Agencies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.