Product Code: ETC347979 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Saudi Arabia Steel Wire Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 8.99% in 2027, following an initial rate of 7.17%, before easing to 7.64% at the end of the period.
The steel wire market in Saudi Arabia is a vital component of the country`s industrial landscape. Steel wires find use in a wide range of applications, including construction, automotive, manufacturing, and fencing. They are valued for their strength, durability, and versatility. In Saudi Arabia, the market`s growth is closely tied to construction activities, infrastructure projects, and the expansion of the manufacturing sector. As these industries thrive, the demand for steel wires remains steady, driving the market`s development.
In the Saudi Arabia steel wire market, the construction, automotive, and manufacturing industries are key drivers. Steel wires find applications in reinforcement, fencing, automotive components, and more. The growing industrialization, infrastructural development, and demand for durable materials are boosting the utilization of steel wires in various sectors.
The Saudi Arabia steel wire market faces challenges related to quality control and addressing the diverse needs of end-users. Ensuring that steel wire products meet safety and performance standards while catering to various industries requires robust quality management. Adapting to changes in construction and manufacturing practices is also important.
The steel wire market in Saudi Arabia faced challenges during the COVID-19 pandemic due to disruptions in manufacturing activities and reduced demand from various sectors. Industries such as construction, automotive, and manufacturing, which utilize steel wire products, experienced a slowdown. Lockdowns and supply chain interruptions affected both production and distribution. However, as manufacturing activities resumed and industries adapted to new safety measures, the steel wire market started showing signs of recovery. Demand for construction-related products and industrial components contributed to this recovery.
The steel wire market in Saudi Arabia serves various industries, including construction, automotive, and manufacturing. Companies such as Arabian Steel Pipes Manufacturing Company, Al-Ittefaq Steel Products Co., and Saudi Steel Profile Co. are notable players in this market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Steel Wire Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Steel Wire Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Steel Wire Market - Industry Life Cycle |
3.4 Saudi Arabia Steel Wire Market - Porter's Five Forces |
3.5 Saudi Arabia Steel Wire Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.6 Saudi Arabia Steel Wire Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Saudi Arabia Steel Wire Market Revenues & Volume Share, By Thickness, 2021 & 2031F |
3.8 Saudi Arabia Steel Wire Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Saudi Arabia Steel Wire Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing construction activities and infrastructure development projects in Saudi Arabia |
4.2.2 Growth in the automotive industry leading to higher demand for steel wires |
4.2.3 Rising investments in oil and gas projects driving the demand for steel wires |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production |
4.3.2 Competition from alternative materials like aluminum and composites |
4.3.3 Economic uncertainties affecting the overall demand for steel wires |
5 Saudi Arabia Steel Wire Market Trends |
6 Saudi Arabia Steel Wire Market, By Types |
6.1 Saudi Arabia Steel Wire Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Steel Wire Market Revenues & Volume, By Form, 2021-2031F |
6.1.3 Saudi Arabia Steel Wire Market Revenues & Volume, By Non-rope, 2021-2031F |
6.1.4 Saudi Arabia Steel Wire Market Revenues & Volume, By Rope, 2021-2031F |
6.2 Saudi Arabia Steel Wire Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Steel Wire Market Revenues & Volume, By Carbon Steel, 2021-2031F |
6.2.3 Saudi Arabia Steel Wire Market Revenues & Volume, By Alloy Steel, 2021-2031F |
6.2.4 Saudi Arabia Steel Wire Market Revenues & Volume, By Stainless Steel, 2021-2031F |
6.3 Saudi Arabia Steel Wire Market, By Thickness |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Steel Wire Market Revenues & Volume, By 0.01 mm to 0.8 mm, 2021-2031F |
6.3.3 Saudi Arabia Steel Wire Market Revenues & Volume, By 0.8 mm to 1.6 mm, 2021-2031F |
6.3.4 Saudi Arabia Steel Wire Market Revenues & Volume, By 1.6 mm to 4 mm, 2021-2031F |
6.3.5 Saudi Arabia Steel Wire Market Revenues & Volume, By 4 mm & above, 2021-2031F |
6.4 Saudi Arabia Steel Wire Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Steel Wire Market Revenues & Volume, By Construction, 2021-2031F |
6.4.3 Saudi Arabia Steel Wire Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.4 Saudi Arabia Steel Wire Market Revenues & Volume, By Energy, 2021-2031F |
6.4.5 Saudi Arabia Steel Wire Market Revenues & Volume, By Agriculture, 2021-2031F |
6.4.6 Saudi Arabia Steel Wire Market Revenues & Volume, By Industrial, 2021-2031F |
6.4.7 Saudi Arabia Steel Wire Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Steel Wire Market Import-Export Trade Statistics |
7.1 Saudi Arabia Steel Wire Market Export to Major Countries |
7.2 Saudi Arabia Steel Wire Market Imports from Major Countries |
8 Saudi Arabia Steel Wire Market Key Performance Indicators |
8.1 Average selling price of steel wires in the Saudi Arabian market |
8.2 Capacity utilization rate of steel wire manufacturing facilities |
8.3 Number of new construction permits issued in Saudi Arabia |
8.4 Demand for steel wires in the automotive sector |
8.5 Percentage of total steel consumption represented by steel wires in Saudi Arabia |
9 Saudi Arabia Steel Wire Market - Opportunity Assessment |
9.1 Saudi Arabia Steel Wire Market Opportunity Assessment, By Form, 2021 & 2031F |
9.2 Saudi Arabia Steel Wire Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Saudi Arabia Steel Wire Market Opportunity Assessment, By Thickness, 2021 & 2031F |
9.4 Saudi Arabia Steel Wire Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Saudi Arabia Steel Wire Market - Competitive Landscape |
10.1 Saudi Arabia Steel Wire Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Steel Wire Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |