1. Market Research
  2. > Manufacturing
  3. > Metal Manufacturing Market Trends

Global Steel Industry 2015-2019

  • December 2015
  • 76 pages
  • Infiniti Research Limited
Report ID: 4103785

Summary

Table of Contents

Search Inside

Overview of the steel industry
Technavio’s research analyst predicts the global steel industry to grow steadily at a CAGR of around 2%, in terms of consumption volume, during the forecast period. The growth of end-user industries such as automotive, mechanical machinery, and infrastructure and construction is fueling the demand for steel. The infrastructure and construction sector, which accounts for more than 52% of the world's steel consumption, is expected to grow at a rate of around 8% by the end of 2020.
The rapid growth of developing economies such as India is also expected to contribute to the market growth during the forecast period. Around 63% of the demand in India is catered by the coal-intensive blast furnaces. The Indian government has banned iron ore, to fight against illegal mining, which is expected to reduce the domestic supply.
Segmentation by type and analysis of the steel industry

- Carbon steel
- Alloy steel
- Stainless steel

Alloy steel contains metals such as silicon, manganese, copper, aluminum, titanium, chromium, and nickel in varying proportions in order to manipulate the steel's properties. This type of steel is used in electric motors, transformers, power generators, pipelines, and auto parts.

Segmentation by end users and analysis of the steel industry

- Infrastructure and construction
- Mechanical machinery
- Automotive industry
- Others (electrical equipment, domestic appliances, and transportation)

Infrastructure and construction contributed 52% of the global market revenue during 2014 and is expected to retain its market leadership until the end of 2019. Steel-intensive infrastructure such as roads, rail, ports, airports, and power sector is driving the growth of the steel industry in this segment.

Geographical segmentation and analysis of the steel industry

- Americas
- APAC
- EMEA

APAC accounted for 70% of the market share during 2014 and is expected to grow at a CAGR of 3% during the forecast period. China, Japan, and India are the market leaders in this region. The increased infrastructure spending in the emerging economies is driving the market growth of this region.

Competitive landscape and key vendors
The global steel market is highly fragmented with the presence of numerous global and regional vendors. The competition among vendors is intense, resulting in lower steel prices and reduced profit margins.

The leading vendors in the market are -
- ArcelorMittal
- Ansteel
- Baosteel
- Hebei Iron and Steel
- Jiangsu Shagang
- Nippon Steel & Sumitomo Metal
- POSCO

Other prominent vendors in the market include Anyang Steel, Evraz, Geradau, Hyundai Steel, JFE Steel, Maanshan Iron and Steel, Nucor, RIVA, Shandong Iron and Steel, Shougang Group, Tata Steel, United State Steel, and Wuhan Iron and Steel.

Key questions answered in the report include

- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global steel industry?
- What are the key market trends impacting the growth of the steel industry?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global steel industry?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the steel industry?

Technavio also offers customization on reports based on specific client requirement.

Related reports:
- Steel Market in ASEAN Countries 2015-2019
- Global Steel Mills Products Market 2015-2019
- Global Coal Mining Industry 2015-2019
- Brazilian Mining Industry 2015-2019
- Superalloys Market 2015-2019

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Electrical Steel Market by Type (Grain-oriented and Non Grain-oriented), Application (Transformers, Motors, Inductors), End-Use Industry (Energy, Automobile, Manufacturing, Household Appliances), and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“Electrical steel market is projected to grow at a CAGR of 7.0%” The electrical steel market is projected to grow at a CAGR of 7.0% during the forecast period of 2016 to 2021, and reach USD 38.98 billion ...

Steel Rebar Market by Type, Process, End User, Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

Steel rebar market is projected to reach USD 154.08 billion by 2021 The steel rebar market is projected to reach USD 154.08 billion by 2021, at a CAGR of 5.0% from 2016 to 2021. Increasing consumption ...

Duplex Stainless Steel Market by Grade, Product Form, End-Use Industry, Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • May 2017
  • by MarketsandMarkets

“Duplex stainless steel market is projected to reach USD 3.40 billion by 2021” The duplex stainless steel market was valued at USD 2.70 billion in 2016 and is projected to reach USD 3.40 billion by ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.