Bahrain Long Steel Products Market Size & Outlook
Bahrain long steel products market, 2018-2030 (US$M)
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Bahrain long steel products market highlights
- The Bahrain long steel products market generated a revenue of USD 125.1 million in 2022 and is expected to reach USD 144.3 million by 2030.
- The Bahrain market is expected to grow at a CAGR of 1.8% from 2023 to 2030.
- In terms of segment, rebars was the largest revenue generating product in 2022.
- Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
Long steel products market data book summary
| Market revenue in 2022 | USD 125.1 million |
| Market revenue in 2030 | USD 144.3 million |
| Growth rate | 1.8% (CAGR from 2022 to 2030) |
| Largest segment | Rebars |
| Fastest growing segment | Wire Rods |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rebars, Wire Rods, Sections, Tubes |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel |
Other key industry trends
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia long steel products market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,351.2 million by 2030.
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Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Bahrain long steel products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to long steel products market will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 43.88% in 2022. Horizon Databook has segmented the Bahrain long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Bahrain is a small country, and its steel industry is relatively small. However, the construction sector is a major consumer of steel, accounting for about 50% of the total demand in Bahrain, according to OECD. The government of Bahrain has been investing heavily in infrastructure development including the construction of new airports, hospitals, and residential buildings.
This has led to an increase in the demand for steel products, especially long steel products such as rebars, wire rods, and structural steel sections. Another factor boosting the demand for long steel in Bahrain is the expansion of manufacturing sector. The government has been enacting policies to encourage international as well as domestic investment.
This has increased the demand for steel products, particularly for the manufacture of machinery and equipment. Furthermore, the government of Bahrain has been promoting sustainable development and green initiatives, which has led to an increased demand for steel products for the construction of renewable energy projects and green building.
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Target buyers of Bahrain long steel products market databook
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Our clientele includes a mix of long steel products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Bahrain long steel products market , including forecasts for subscribers. This country databook contains high-level insights into Bahrain long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Bahrain long steel products market outlook size, by product, 2018-2030 (US$M)
Bahrain Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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