North America Long Steel Products Market Size & Outlook
North America long steel products market, 2018-2030 (US$M)
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North America long steel products market highlights
- The North America long steel products market generated a revenue of USD 73,740.4 million in 2022.
- The market is expected to grow at a CAGR of 2.8% from 2023 to 2030.
- In terms of segment, tubes was the largest revenue generating product in 2022.
- Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 73,740.4 million |
| Market revenue in 2030 | USD 91,808.6 million |
| Growth rate | 2.8% (CAGR from 2022 to 2030) |
| Largest segment | Tubes |
| Fastest growing segment | Wire Rods |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, North America region accounted for 9.8% of the global long steel products market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 698,480.4 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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North America 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.
Tubes was the largest segment with a revenue share of 41.6% in 2022. Horizon Databook has segmented the North America long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for long steel products in North America picked up pace in 2021, after the dip in 2020. This was driven by surged construction and infrastructure development projects in the region. The demand for long steel products in the region is influenced by numerous factors such as population growth, economic growth, construction activities, and infrastructure investments.
Additionally, their demand is also impacted by the price and availability of other construction materials such as concrete and wood. Several companies have invested in the production of long steel products in the region with some expanding their existing steel manufacturing facilities and others setting up new plants.
For instance, Nucor Corporation, one of the largest steel producers in the U.S., has been investing increasingly in the production of long steel products in North America by establishing several new plants for manufacturing long steel products in the region.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America long steel products market , including forecasts for subscribers. This continent databook contains high-level insights into North America long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America long steel products market outlook size, by country, 2018-2030 (US$M)
North America Long Steel Products Market Outlook Share, 2022 & 2030 (US$M)
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