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

Market Forecast By Type (Deformed, Mild), By End-user (Residential, Non-Residential) And Competitive Landscape
Product Code: ETC356544 Publication Date: Aug 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

India Steel Rebar Market Import Shipment Trend (2020-2024)

The India steel rebar market import shipment experienced a declining trend with a CAGR of -5.9% from 2020 to 2024. The growth rate saw a significant drop between 2023 and 2024 at -21.7%, indicating a substantial slowdown in market expansion. The market demonstrated a consistent deceleration over the period, signaling a challenging landscape for steel rebar imports in India.

Graph Showing India steel rebar market Shipment Trend & Volume from 2020-2024

India Steel Rebar? Market Synopsis

The India steel rebar market is anticipated grow at a higher CAGR in the future.Steel rebars are widely employed across various end user industries such as residential housing projects owing to their superior load bearing capacity when compared other materials like concrete blocks .Residential building activities have gathered pace especially after government?s affordable housing scheme which has resulted into extensive usage of these products thereby driving overall demand within this segment. Additionally ,rising infrastructural spending coupled with rapid industrial expansion also contributes towards higher consumption levels of steel rebars within industrial sector.

Market Drivers of the market

The India steel rebar market is propelled by the booming construction and infrastructure sectors. Steel rebars are essential reinforcement materials used in concrete structures to enhance their tensile strength and durability. With the increasing investments in infrastructure development and real estate projects, the demand for steel rebars has significantly risen. Additionally, the government`s initiatives to develop smart cities and modernize urban infrastructure have further contributed to the market`s growth. The growth in the automotive and manufacturing sectors also drives the demand for steel rebars in the production of machinery and equipment.

Challenges of the Market

The India steel rebar market faces certain challenges that impact its growth prospects. One of the significant challenges is the threat of cheap imports from other countries. The presence of low-cost rebar imports can create price competition and put domestic manufacturers under pressure. This can affect the profitability of local steel rebar producers and hinder their capacity expansion plans. Additionally, the steel rebar market is susceptible to fluctuations in the construction and infrastructure sectors. Economic slowdowns and changes in government policies and regulations can impact construction activities and consequently, the demand for steel rebars. The cyclical nature of the construction industry makes the steel rebar market vulnerable to market uncertainties. Moreover, the rising environmental concerns and increasing emphasis on sustainable construction practices pose a challenge to the steel rebar market. The demand for alternative building materials that have a lower environmental footprint, such as recycled materials and composites, can pose a threat to the steel rebar market.

Covid-19 Impact on the Market

The India steel rebar market faced significant challenges during the COVID-19 pandemic. With lockdowns and restrictions in place, construction activities were severely impacted, leading to a decline in the demand for steel rebars. The slowdown in the construction sector affected infrastructure projects and commercial real estate, reducing the consumption of steel rebars. Additionally, the disruptions in logistics and supply chain operations created difficulties in obtaining raw materials and maintaining production. However, as economic activities resumed and the government`s stimulus packages supported infrastructure development, the market showed signs of recovery. The focus on affordable housing and rural development projects also provided opportunities for the steel rebar market to regain momentum.

Key Players of the Market

In the India steel rebar market, several key players drive the industry`s growth and market presence. Some of the leading companies include Tata Steel, JSW Steel, SAIL (Steel Authority of India Limited), and VISA Steel. These companies are known for their comprehensive product range of steel rebars, which are widely used in construction and infrastructure projects. Their strong brand reputation, adherence to quality standards, and customer-centric approach have made them preferred suppliers in the market. Additionally, these key players invest in technological advancements and sustainable practices to stay competitive and meet the evolving needs of the construction industry.

Key Highlights of the Report:

  • India Steel Rebar Market Outlook
  • Market Size of India Steel Rebar Market, 2024
  • Forecast of India Steel Rebar Market, 2031
  • Historical Data and Forecast of India Steel Rebar Revenues & Volume for the Period 2021-2031
  • India Steel Rebar Market Trend Evolution
  • India Steel Rebar Market Drivers and Challenges
  • India Steel Rebar Price Trends
  • India Steel Rebar Porter's Five Forces
  • India Steel Rebar Industry Life Cycle
  • Historical Data and Forecast of India Steel Rebar Market Revenues & Volume By Type for the Period 2021-2031
  • Historical Data and Forecast of India Steel Rebar Market Revenues & Volume By Deformed for the Period 2021-2031
  • Historical Data and Forecast of India Steel Rebar Market Revenues & Volume By Mild for the Period 2021-2031
  • Historical Data and Forecast of India Steel Rebar Market Revenues & Volume By End-user for the Period 2021-2031
  • Historical Data and Forecast of India Steel Rebar Market Revenues & Volume By Residential for the Period 2021-2031
  • Historical Data and Forecast of India Steel Rebar Market Revenues & Volume By Non-Residential for the Period 2021-2031
  • India Steel Rebar Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By End-user
  • India Steel Rebar Top Companies Market Share
  • India Steel Rebar Competitive Benchmarking By Technical and Operational Parameters
  • India Steel Rebar Company Profiles
  • India Steel Rebar Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

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