Dublin, Feb. 12, 2025 (GLOBE NEWSWIRE) — The “Cold Heading Quality Wire Market Opportunities and Strategies to 2033” report has been added to ResearchAndMarkets.com’s offering.
This report describes and explains the cold heading quality wire market and covers 2018-2023, termed the historic period, and 2023-2028, 2033F 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 2023, having grown at a compound annual growth rate (CAGR) of 2.76% since 2018. The market is expected to grow from $14.58 billion in 2023 to $18.24 billion in 2028 at a rate of 4.59%. The market is then expected to grow at a CAGR of 4.75% from 2028 and reach $23.01 billion in 2033.
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 2023. 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 2023. 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 2023-2028.
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 2023. 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 2023-2028.
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 2023. 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 2023-2028.
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 2023. 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 2023-2028.
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 2023. 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
- The top opportunities in the cold heading quality wire market segmented by grade will arise in the carbon steel segment, which will gain $1.39 billion of global annual sales by 2028.
- The top opportunities in the cold heading quality wire market segmented by manufacturing technology will arise in the HRPPD segment, which will gain $1.74 billion of global annual sales by 2028.
- The top opportunities in the cold heading quality wire market segmented by application will arise in the fasteners segment, which will gain $2.09 billion of global annual sales by 2028.
- The top opportunities in the cold heading quality wire market segmented by end-user will arise in the automotive segment, which will gain $1.67 billion of global annual sales by 2028.
- The cold heading quality wire market size will gain the most in China at $931.53 million.
Major Market Trends
- New Product Launches and Enhanced Features For Superior Performance
- Expansion Plans to Meet Growing Demand For High-Performance Steel
Key Mergers and Acquisitions
- Mill Steel Co Acquired Maryland Metals Processing
- Cleveland-Cliffs Acquired Stelco
- Insteel Industries Completes Acquisition of Liberty Engineered Wire Products Inc.
- Jindal Stainless Acquires Full Stake in Chromeni Steels
- JENNMAR Acquired Australian Steel & Wire
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 300 |
| Forecast Period | 2023 – 2033 |
| Estimated Market Value (USD) in 2023 | $14.58 Billion |
| Forecasted Market Value (USD) by 2033 | $23.01 Billion |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
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
- voestalpine Wire Technology AG
- Nippon Steel Corporation
- Metinvest Group
- ArcelorMittal SA
- Steel Authority of India Limited (SAIL)
- JFE Holdings Corporation
- Hyundai Steel Company
- Kobe Steel Ltd.
- Republic Steel Corp.
- Bansal Wire Industries Ltd.
- Nippon Steel Wire Co., Ltd.
- POSCO
- Voestalpine AG
- Baosteel Group Corporation
- Shanghai Xiangyang Special Steel Co., Ltd.
- Hangzhou Suntech Machinery Co., Ltd.
- Voestalpine
- Saarstahl
- Caleotto
- Trinecke Zelezarny
- CRU
- British Steel
- Precision Drawell
- ZDB Dratovna a.s.
- Sivaco S.A.
- Nizhny Tagil Iron
- Steel Works
- Taubensee Steel & Wire Company
- Kreher Steel Co
- Fastco Industries
- Central Wire Industries (CWI)
- ArcelorMittal long Products Canada – Hamilton-East Complex
- Deacero summit
- Vale S.A
- Gerdau S.A
- COVISA S.A.
- MFL Group
- Ternium Colombia
- Southern Copper Corporation
- Freeport-McMoRan
- ASE Steel
- S. Shlomo Group
- al-azizia
- kardemir
- Emirates Steel
- Union Iron & Steel
- Suez Steel
- Ezz Steel
- Egyptian Steel Group
- Robor steel
- Scaw metals group
For more information about this report visit https://www.researchandmarkets.com/r/wm0im2
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- Cold Heading Quality Wire Market
