KSA Carbon Steel Wire Rod Market Overview
According to SPER Market Research, the KSA Carbon Steel Wire Rod Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
A type of steel product called carbon steel wire rod is frequently utilised in numerous industries for a variety of applications. It is made of high-carbon steel, which contains more carbon overall than other varieties of steel. The wire rod has increased strength, hardness, and durability thanks to the higher carbon content. The market for carbon steel wire rod in the Kingdom of Saudi Arabia (KSA) is referred to as "the KSA Carbon Steel Wire Rod." Construction, infrastructure, manufacturing, oil and gas, among other sectors, all have sizable markets in the KSA. These industries depend heavily on carbon steel wire rod, which serves as the raw material for numerous applications.
Exploring the Growth Drivers of the KSA Carbon Steel Wire Rod Industry
The rising construction, transportation, and infrastructure sectors are expected to fuel significant expansion in the Saudi Arabian carbon steel wire rod market over the coming years. These sectors have a significant demand for wire rod, which is used in the production of stirrups, tie bars, and other structural elements for buildings. Additionally, the development of sports, entertainment, hospitality, and tourism projects in the kingdom will further drive the demand for wire rod. To support infrastructure development, the Saudi Arabian government established a fund linked to the National Development Fund. This fund aims to invest in various sectors such as water, transportation, energy, education, health, digital infrastructure, and communication, which will enhance overall capacity and spur demand for wire rod.
What challenges does the KSA Carbon Steel Wire Rod Market face?
Numerous obstacles could impede the KSA Carbon Steel Wire Rod Market's development and operations. The market for carbon steel wire rod is impacted by changes in the cost of raw materials like iron ore and coal. Any major changes in the price of these inputs have the potential to affect the market's profitability and overall production costs. Despite having its own capability for producing carbon steel wire rod, Saudi Arabia still has to contend with competition from imported goods. Local manufacturers may face difficulties as a result of cost advantages or differing product specifications offered by imported wire rod from other nations.
In what ways has the COVID-19 pandemic affected KSA Carbon Steel Wire Rod Market?
The KSA Carbon Steel Wire Rod Market has been significantly impacted by the COVID-19 pandemic. Production and distribution processes have been hampered by the measures taken to stop the virus' spread, such as lockdowns, travel bans, and disruptions in international supply chains. Demand for carbon steel wire rod decreased as a result of the slowdown in infrastructure and construction projects as well as a fall in industrial activity. Additionally, the market is facing new difficulties as a result of the fluctuating cost of raw materials and the unpredictable economic climate. However, the market is anticipated to gradually rebound as conditions improve and economic activity picks back up, helped along by government stimulus programmes and plans for the construction of new infrastructure.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Carbon Steel Type, By Product Type, By Rebar Size, By Plain Size
|
| Regions covered | Western Region, Eastern Province, Central Region, Southern Region, Other Regions
|
| Companies Covered | Abdul Karim Alrajhi Steel, Al Rasheed Steel, Al-Ittefaq Steel products Co., Baghlaf Steel, SABIC Hadeed, Saudi National Steel Factory, Solb Steel, United Wire Factories Company, Watania Steel Co., Yamanah Steel, Others
|
Key Target Audience:
- Construction and Infrastructure Companies
- Distributors and Suppliers
- Electrical and Electronics Industry
- Engineering and Construction Consultants
- Infrastructure Development Authorities
- Manufacturing Industries
- Oil and Gas Industry
- Regulatory Authorities
- Research and Development Institutions
- Others
KSA Carbon Steel Wire Rod Market Segmentation:
1 By Carbon Steel Type:
- KSA Carbon Steel Wire Rod Market Value Share and Forecast, By Carbon Steel Type, 2023-2033
- High Carbon
- Low Carbon
- Medium Carbon
2. By Product Type:
- KSA Carbon Steel Wire Rod Market Value Share and Forecast, By Product Type, 2023-2033
- Plain
- Rebar
3. By Rebar Size:
- KSA Carbon Steel Wire Rod Market Value Share and Forecast, By Rebar Size, 2023-2033
- 6mm to 14mm
- Construction
4. By Plain Size:
- KSA Carbon Steel Wire Rod Market Value Share and Forecast, By Plain Size, 2023-2033
- 5.5mm to 16mm
- Industrial
5. By Region:
- Central Region
- Eastern Province
- Southern Region
- Western Region
- Other Regions
Key Topics Covered in the Report:
- KSA Carbon Steel Wire Rod Market Size (FY’2023-FY’2033)
- Overview of KSA Carbon Steel Wire Rod Market
- Segmentation of KSA Carbon Steel Wire Rod Market By Carbon Steel Type (High Carbon, Low Carbon, Medium Carbon)
- Segmentation of KSA Carbon Steel Wire Rod Market By Product Type (Plain, Rebar)
- Segmentation of KSA Carbon Steel Wire Rod Market By Rebar Size (6mm to 14mm, Construction)
- Segmentation of KSA Carbon Steel Wire Rod Market By Plain Size (5mm to 16mm, Industrial)
- Statistical Snap of KSA Carbon Steel Wire Rod Market
- Growth Analysis of KSA Carbon Steel Wire Rod Market
- Problems and Challenges in KSA Carbon Steel Wire Rod Market
- Competitive Landscape in the KSA Carbon Steel Wire Rod Market
- Impact of COVID-19 and Demonetization on KSA Carbon Steel Wire Rod Market
- Details on Recent Investment in KSA Carbon Steel Wire Rod Market
- Competitive Analysis of KSA Carbon Steel Wire Rod Market
- Key Players in the KSA Carbon Steel Wire Rod Market
- SWOT Analysis of KSA Carbon Steel Wire Rod Market
- KSA Carbon Steel Wire Rod Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the KSA Carbon Steel Wire Rod Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. KSA Carbon Steel Wire Rod Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in KSA Carbon Steel Wire Rod Market
7. KSA Carbon Steel Wire Rod Market, By Carbon Steel Type (USD Million)
7.1. KSA Carbon Steel Wire Rod Market Value Share and Forecast, By Carbon Steel Type, 2023-2033
7.2. High Carbon
7.3. Low Carbon
7.4. Medium Carbon
8. KSA Carbon Steel Wire Rod Market, By Product Type (USD Million)
8.1. KSA Carbon Steel Wire Rod Market Value Share and Forecast, By Product Type, 2023-2033
8.2. Plain
8.3. Rebar
9. KSA Carbon Steel Wire Rod Market, By Rebar Size (USD Million)
9.1. KSA Carbon Steel Wire Rod Market Value Share and Forecast, By Rebar Size, 2023-2033
9.2. 6mm to 14mm
9.3. Construction
10. KSA Carbon Steel Wire Rod Market, By Plain Size (USD Million)
10.1. KSA Carbon Steel Wire Rod Market Value Share and Forecast, By Plain Size, 2023-2033
10.2. 5.5mm to 16mm
10.3. Industrial
11. KSA Carbon Steel Wire Rod Market Forecast, 2019-2033 (USD Million)
11.1. KSA Carbon Steel Wire Rod Market Size and Market Share
12. KSA Carbon Steel Wire Rod Market, By Carbon Steel Type, 2019-2033 (USD Million)
12.1. KSA Carbon Steel Wire Rod Market Size and Market Share by Carbon Steel Type (2019-2026)
12.2. KSA Carbon Steel Wire Rod Market Size and Market Share by Carbon Steel Type (2027-2033)
13. KSA Carbon Steel Wire Rod Market, By Product Type, 2019-2033 (USD Million)
13.1. KSA Carbon Steel Wire Rod Market Size and Market Share by Product Type (2019-2026)
13.2. KSA Carbon Steel Wire Rod Market Size and Market Share by Product Type (2027-2033)
14. KSA Carbon Steel Wire Rod Market, By Rebar Size, 2019-2033 (USD Million)
14.1. KSA Carbon Steel Wire Rod Market Size and Market Share by Rebar Size (2019-2026)
14.2. KSA Carbon Steel Wire Rod Market Size and Market Share by Rebar Size (2027-2033)
15. KSA Carbon Steel Wire Rod Market, By Plain Size, 2019-2033 (USD Million)
15.1. KSA Carbon Steel Wire Rod Market Size and Market Share by Plain Size (2019-2026)
15.2. KSA Carbon Steel Wire Rod Market Size and Market Share by Plain Size (2027-2033)
16. KSA Carbon Steel Wire Rod Market, By Region, 2019-2033 (USD Million)
16.1. KSA Carbon Steel Wire Rod Market Size and Market Share by Region (2019-2026)
16.2. KSA Carbon Steel Wire Rod Market Size and Market Share by Region (2027-2033)
16.3. Central Region
16.4. Eastern Province
16.5. Southern Region
16.6. Western Region
16.7. Other Regions
17. Company Profile
17.1. Abdul Karim Alrajhi Steel
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Al Rasheed Steel
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Al-Ittefaq Steel products Co.
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Baghlaf Steel
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. SABIC Hadeed
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Saudi National Steel Factory
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Solb Steel
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. United Wire Factories Company
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Watania Steel Co.
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Yamanah Steel
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
