Dublin, Feb. 12, (GLOBE NEWSWIRE) -- The "Cold Heading Quality Wire Market Opportunities and Strategies to " report has been added to ResearchAndMarkets.com's offering.
This report describes and explains the cold heading quality wire market and covers -, termed the historic period, and -, F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global cold heading quality wire market reached a value of nearly $14.58 billion in , having grown at a compound annual growth rate (CAGR) of 2.76% since . The market is expected to grow from $14.58 billion in to $18.24 billion in at a rate of 4.59%. The market is then expected to grow at a CAGR of 4.75% from and reach $23.01 billion in .
The global CHQ wire market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 8.6% of the total market in . voestalpine Wire Technology AG was the largest competitor with a 1.6% share of the market, followed by Nippon Steel Corporation with 1.2%, Metinvest Group with 1%, ArcelorMittal SA with 1%, Steel Authority of India Limited (SAIL) with 0.9%, JFE Holdings Corporation with 0.8%, Hyundai Steel Company with 0.7%, Kobe Steel Ltd. with 0.6%, Republic Steel Corp. with 0.5% and Bansal Wire Industries Ltd. with 0.4%.
Market-trend-based strategies for the cold heading quality wire market include innovative cold heading quality materials to provide superior strength and precision and focusing on expanding their capacity to offer wires with enhanced strength, durability and resistance to corrosion. Player-adopted strategies in the cold heading quality wire market include focus on enhancing its business expertise through the launch of new product, focus on enhancing its operational capabilities through strategic acquisitions and strengthening its business operations through strategic partnerships.
To take advantage of the opportunities, the analyst recommends the cold heading quality wire companies to focus on enhancing product innovation and material diversification, focus on expanding production capacity and targeting high-performance steel demand, focus on the fast-growing stainless steel segment, focus on the fastest growing SAPPD segment, expand in emerging markets, focus on expanding distribution channels and regional reach, focus on developing competitive and value-based pricing strategies, focus on targeted marketing and brand positioning, focus on digital advertising and customer education, focus on the fastest growing bearing market and focus on the fastest growing infrastructure and construction market.
Growth in the historic period resulted from strong economic growth in emerging markets, rise in disposable income, growth of the automotive industry, increase in demand for furniture and favorable government initiatives. Factors that negatively affected growth in the historic period was volatile raw material prices and supply chain disruptions. Going forward, growth in construction industry, increasing focus on infrastructural development, increasing industrialization, increasing urbanization, growth of the aerospace sector and increasing demand for consumer electronics will drive the growth. Factor that could hinder the growth of the cold heading quality wire market in the future include labor shortages and skills gap.
The cold heading quality wire market is segmented by grade into carbon steel, mild steel, stainless steel, alloy steel and other grades. The carbon steel market was the largest segment of the cold heading quality wire market segmented by grade, accounting for 40.18% or $5.85 billion of the total in . Going forward, the stainless steel segment is expected to be the fastest growing segment in the cold heading quality wire market segmented by grade, at a CAGR of 5.47% during -.
The cold heading quality wire market is segmented by manufacturing technology into HRPPD, SAPPD and DAAPD. The HRPPD market was the largest segment of the cold heading quality wire market segmented by manufacturing technology, accounting for 49.60% or $7.23 billion of the total in . Going forward, the SAPPD segment is expected to be the fastest growing segment in the cold heading quality wire market segmented by manufacturing technology, at a CAGR of 5.14% during -.
The cold heading quality wire market is segmented by application into fasteners, cold forged parts, bearing and other applications. The fasteners market was the largest segment of the cold heading quality wire market segmented by application, accounting for 60.19% or $8.77 billion of the total in . Going forward, the bearing segment is expected to be the fastest growing segment in the cold heading quality wire market segmented by application, at a CAGR of 5.35% during -.
The cold heading quality wire market is segmented by end-user into automotive, infrastructure and construction, furniture, industrial and other end-users. The automotive market was the largest segment of the cold heading quality wire market segmented by end-user industry, accounting for 42.82% or $6.24 billion of the total in . Going forward, the infrastructure and construction segment is expected to be the fastest growing segment in the cold heading quality wire market segmented by end-user, at a CAGR of 5.08% during -.
Asia Pacific was the largest region in the cold heading quality wire market, accounting for 54.16% or $7.89 billion of the total in . It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the cold heading quality wire market will be Asia Pacific and South America where growth will be at CAGRs of 5.78% and 4.63% respectively. These will be followed by Africa and Middle East where the markets are expected to grow at CAGRs of 4.47% and 4.22% respectively.
Opportunity Analysis
Major Market Trends
Key Mergers and Acquisitions
Key Attributes:
Key Topics Covered:
1. Executive Summary
1.1 Cold Heading Quality Wire - Market Attractiveness and Macro economic Landscape
2. Table of Contents
3. List of Tables
4. List of Figures
5. Report Structure
6. Market Characteristics
6.1 General Market Definition
6.2 Summary
6.3 Cold Heading Quality Wire Market Definition and Segmentations
6.4 Market Segmentation by Grade
6.4.1 Carbon Steel
6.4.2 Mild Steel
6.4.3 Stainless Steel
6.4.4 Alloy Steel
6.4.5 Others
6.5 Market Segmentation by Manufacturing Technology
6.5.1 HRPPD (Hot Rolled Pickling, Phosphating and Drawn)
6.5.2 SAPPD (Spherodized Annealed and Phosphated and Drawn)
6.5.3 DAAPD (Directly Annealed and Phosphated and Drawn)
6.6 Market Segmentation by Application
6.6.1 Cold Forged Parts
6.6.2 Fasteners
6.6.3 Bearing
6.6.4 Others
6.7 Market Segmentation by End-User
6.7.1 Automotive
6.7.2 Furniture
6.7.3 Infrastructure and Construction
6.7.4 Industrial
6.7.5 Others
Companies Featured
For more information about this report visit https://www.researchandmarkets.com/r/wm0im2
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