Kuwait Long Steel Products Market Size & Outlook
Kuwait long steel products market, 2018-2030 (US$M)
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Kuwait long steel products market highlights
- The Kuwait long steel products market generated a revenue of USD 756.4 million in 2022 and is expected to reach USD 889.4 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 2% 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 756.4 million |
| Market revenue in 2030 | USD 889.4 million |
| Growth rate | 2% (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
- In terms of revenue, Kuwait accounted for 0.1% of the global long steel products market in 2022.
- 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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Kuwait 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 41.88% in 2022. Horizon Databook has segmented the Kuwait long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
Kuwait's steel industry is growing steadily due to the country's expanding infrastructure & construction sector. The demand for long steel products in Kuwait is mainly driven by the expanding construction and real estate industries.
The government of Kuwait has made substantial investments in infrastructure development including the construction of residential buildings, office complexes, hospitals, and transportation infrastructure. Construction sector is one of the main driving factors for steel demand in Kuwait.
The government of Kuwait has invested heavily in infrastructure projects such as new airports, highways, and housing projects, which has led to an increase in demand for long steel products in the country.
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Target buyers of Kuwait 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait long steel products market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait long steel products market outlook size, by product, 2018-2030 (US$M)
Kuwait Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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