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Cold Heading Wire Market Share

Report ID: GMI11735
Published Date: Oct 2024
Report Format: PDF

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Cold Heading Wire Market Share

The global cold heading wire industry is fragmented, with prominent players, such as Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, POSCO, Kobe Steel, Ltd. and Baosteel Group Corporation holding a market share of 20-25%. These companies dominate the market due to their extensive research and development capabilities and strong global distribution networks within the industry.

Cold Heading Wire Market Companies

Major key players operating in the cold heading wire industry include:

ArcelorMittal
Baosteel Group Corporation
Bekaert
Dongbei Special Steel Group
Gerdau
Kobe Steel
Nippon Steel Corporation
Nucor Corporation
POSCO
SeAH Steel Corporation
Sumitomo Electric Industries
Suzuki Garphyttan AB
Tata Steel
Voestalpine
WireCo World Group

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of cold heading wire was reached USD 19.7 billion in 2023 and is anticipated to register a CAGR of 4.1% between 2024 and 2032, driven by rising demand from the automotive and industrial sectors.

The carbon steel segment was valued at USD 9.4 billion in 2023 and is expected to cross USD 13.1 billion by 2032, due to its strength, durability, and cost-effectiveness, making it ideal for fasteners, bolts, and screws that need to withstand high stress and mechanical loads.

The automotive segment is expected to surpass USD 7.7 billion in 2023 and reach USD 10.8 billion by 2032, propelled by the high demand for strong fasteners like bolts, screws, and rivets in vehicle assembly.

The Asia Pacific cold heading wire industry surpassed USD 6.7 billion in 2023 and is likely to exceed USD 9.9 billion by 2032, attributed to the region's strong manufacturing base, with countries like China, India, Japan, and South Korea being major hubs for the automotive, electronics, and construction industries.

Major key players in the cold heading wire industry include ArcelorMittal, Baosteel Group Corporation, Bekaert, Dongbei Special Steel Group, Gerdau, Kobe Steel, Nippon Steel Corporation, Nucor Corporation, POSCO, SeAH Steel Corporation, Sumitomo Electric Industries, Suzuki Garphyttan AB, Tata Steel, Voestalpine, and WireCo World Group.