India Screw Thread Steel Market (2025-2031) Outlook | Forecast, Value, Size, Trends, Growth, Revenue, Industry, Share, Companies & Analysis

India Screw Thread Steel Market Synopsis

The India screw thread steel market is estimated to be worth USD 4.7 billion and projected to grow at a CAGR of 3.10% during the forecast period. The growth of this market is primarily attributed to increasing demand for threaded fasteners from automotive, construction, oil & gas, electrical & electronics, and other industries. In addition, growing initiatives by government agencies such as Make in India has propelled the production of domestically manufactured screws which are likely to further boost the screw thread steel industry in India.

Market Drivers of the market

The India screw thread steel market is being driven by several factors. Firstly, the ongoing infrastructure development projects and the growing construction sector have led to a surge in the demand for screw thread steel. Screw thread steel, also known as rebar or reinforcement steel, is extensively used in construction activities for its ability to reinforce concrete structures and provide tensile strength to buildings and bridges. Secondly, government initiatives to promote affordable housing and infrastructure development have further boosted the market. Additionally, the increasing investments in the transportation and energy sectors have contributed to the demand for screw thread steel. Moreover, the implementation of stringent building codes and safety regulations has led to the use of high-quality screw thread steel in construction projects. As India continues to witness substantial infrastructure development, the screw thread steel market is expected to experience steady growth in the coming years.

Challenges of the Market

The India screw thread steel market faces several challenges that impact its growth and market competitiveness. Firstly, the presence of low-quality and counterfeit screw thread steel products in the market can affect the reputation of established manufacturers and lead to customer distrust. Ensuring product quality and authenticity becomes crucial for market players to maintain customer confidence. Secondly, the price volatility of raw materials, such as steel, can impact the profitability of screw thread steel manufacturers. Fluctuations in steel prices can lead to varying production costs and pricing challenges. Moreover, the fragmented nature of the construction industry and varying building regulations across states can create market complexities for screw thread steel manufacturers, impacting the standardization of products. Additionally, the preference for alternative construction materials and pre-fabricated components may limit the demand for screw thread steel in certain applications. To overcome these challenges, screw thread steel manufacturers need to focus on quality control, standardization, and market transparency. Building strong relationships with construction companies, contractors, and end-users can also help address market challenges and foster long-term business growth.

Covid-19 Impact on the Market

The India screw thread steel market faced challenges during the COVID-19 pandemic due to disruptions in construction activities and project delays. The lockdown measures and restricted movement affected construction sites, leading to labor shortages and supply chain disruptions. This impacted the demand for screw thread steel used in reinforcement of concrete structures in buildings and infrastructure projects. Additionally, the economic uncertainties and reduced investments in the real estate and construction sectors further affected the market. However, the market showed resilience as restrictions eased and construction activities gradually resumed. The government`s push for infrastructure development and investments in affordable housing projects provided opportunities for the market`s recovery. Moreover, the implementation of stringent building codes and safety regulations emphasized the use of high-quality screw thread steel in construction projects. Manufacturers in the screw thread steel market adapted to the changing market dynamics by optimizing their operations, ensuring supply chain resilience, and diversifying their product offerings to cater to emerging opportunities in the post-pandemic period.

Key Players of the Market

The India screw thread steel market is driven by key players who provide a variety of high-quality screw thread steel products for construction purposes. Some of the major players in this market include Tata Tiscon (Tata Steel), Jindal Panther (Jindal Steel & Power), and Kamdhenu Limited. These companies are renowned manufacturers and suppliers of screw thread steel, offering reliable and durable reinforcement bars for various construction projects. They focus on providing standardized and certified products, ensuring the safety and structural integrity of buildings. Moreover, they invest in promoting their brands and offering technical support to customers to build trust and loyalty. Additionally, other manufacturers such as Shyam Steel and SRMB Steel also have a significant presence in the screw thread steel market, catering to regional and specialized construction needs. These key players are instrumental in driving market growth by providing high-quality screw thread steel products and setting industry standards for structural reinforcement materials.

Key Highlights of the Report:

• India Screw Thread Steel Market Outlook
• Market Size of India Screw Thread Steel Market, 2024
• Forecast of India Screw Thread Steel Market, 2031
• Historical Data and Forecast of India Screw Thread Steel Revenues & Volume for the Period 2021-2031
• India Screw Thread Steel Market Trend Evolution
• India Screw Thread Steel Market Drivers and Challenges
• India Screw Thread Steel Price Trends
• India Screw Thread Steel Porter's Five Forces
• India Screw Thread Steel Industry Life Cycle
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By Types for the Period 2021-2031
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By Diameter 16mm for the Period 2021-2031
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By Diameter 16mm-32mm for the Period 2021-2031
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By Diameter 32mm for the Period 2021-2031
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By House for the Period 2021-2031
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By Bridge for the Period 2021-2031
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By Road for the Period 2021-2031
• Historical Data and Forecast of India Screw Thread Steel Market Revenues & Volume By Others for the Period 2021-2031
• India Screw Thread Steel Import Export Trade Statistics
• Market Opportunity Assessment By Types
• Market Opportunity Assessment By Applications
• India Screw Thread Steel Top Companies Market Share
• India Screw Thread Steel Competitive Benchmarking By Technical and Operational Parameters
• India Screw Thread Steel Company Profiles
• India Screw Thread Steel Key Strategic Recommendations