세계의 냉간 마무리 봉강 및 바 사이즈 형상 시장 : 기회, 성장 촉진요인, 산업 동향 분석 예측(2025-2034년)

The Global Cold-Finished Iron and Steel Bars and Bar-Size Shapes Market was valued at USD 12.5 billion in 2024, and is estimated to grow at a CAGR of 5.9% to reach USD 22 billion by 2034, as cold-finished bars are valued for their high dimensional accuracy, superior surface finish, and durability, making them essential in industries such as automotive, construction, aerospace, and general machinery. The demand for precision-engineered steel components is witnessing significant growth, especially in emerging markets where industrial sectors are increasingly relying on high-quality materials for specialized applications. This surge is largely driven by the expansion of industries such as automotive, aerospace, construction, and machinery, which require steel components that offer enhanced durability, performance, and dimensional accuracy.

Cold-finished iron and steel bars, known for their superior surface finish and exacting dimensions, play a crucial role in meeting these needs. One of the primary processes for producing these bars is cold drawing, which is favored for its ability to create highly accurate and smooth components. This process also improves the mechanical properties of the bars, making them suitable for high-stress applications where strength and fatigue resistance are essential. The evolution of these processes, combined with continuous advancements in production techniques, is allowing manufacturers to produce increasingly sophisticated materials tailored for specific industrial needs.

The carbon steel bars segment accounted for USD 5.6 billion in 2024 and is expected to grow at a CAGR of 5.5% from 2025 to 2034. Carbon steel is widely used in sectors like construction, automotive, and machinery due to its ease of machining and welding. It's also integral to manufacturing custom components for structural and mechanical frameworks. Specialized types, like tool steel and Special Bar Quality (SBQ) bars, offer enhanced toughness and fatigue resistance, making them vital for automotive forging, mining, and die-making industries. These properties help ensure high performance in demanding environments.

Cold-drawn bars segment, valued at USD 6.2 billion in 2024, is expected to grow at a CAGR of 6.5% during 2025-2034. The cold-drawing process is especially popular for its accuracy, superior surface finish, and mechanical properties. This method is widely used in the automotive and aerospace sectors, as well as in industrial machining. One of the key advantages of cold drawing is its lower operational costs compared to hot forming methods, using 30-50% less energy. This makes it an attractive option for companies looking to optimize production efficiency.

China Cold-Finished Iron and Steel Bars and Bar-Size Shapes Market was valued at USD 3.4 billion in 2024, with a projected CAGR of 6.1%. As a global manufacturing hub, China has a high domestic demand for these products, driven primarily by its robust industrial machinery and construction industries. The demand for cold-finished steel bars in China continues to rise, reinforcing the country's position as a critical player in the global market.

Companies like Nucor, ArcelorMittal, Timken Steel, JSW Steel, and TaeguTec are adopting several key strategies to maintain and grow their market share. These strategies include continuous investments in advanced manufacturing technologies to improve efficiency, product quality, and innovation. Additionally, these companies are focusing on expanding their product offerings to meet the increasing demand for specialized and high-performance cold-finished bars. By optimizing production processes and investing in R&D, these players are positioning themselves to capture a larger share of the growing market while maintaining a competitive advantage.

Table of Contents

Chapter 1 Methodology & Scope

• 1.1 Market scope & definitions
• 1.2 Base estimates & calculations
• 1.3 Forecast calculations
• 1.4 Data sources
  • 1.4.1 Primary
  • 1.4.2 Secondary
    • 1.4.2.1 Paid sources
    • 1.4.2.2 Public sources

Chapter 2 Executive Summary

• 2.1 Industry synopsis, 2021 - 2034
• 2.2 Market highlights and key findings
• 2.3 Current market valuation and growth projections
• 2.4 Key market trends and developments
• 2.5 Competitive landscape overview
• 2.6 Strategic recommendations for stakeholders

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Factor affecting the value chain
  • 3.1.2 Profit margin analysis
  • 3.1.3 Disruptions
  • 3.1.4 Future outlook
  • 3.1.5 Manufacturers
  • 3.1.6 Distributors
• 3.2 Trump administration tariffs
  • 3.2.1 Impact on trade
    • 3.2.1.1 Trade volume disruptions
    • 3.2.1.2 Retaliatory measures
  • 3.2.2 Impact on the industry
    • 3.2.2.1 Supply-side impact (raw materials)
      • 3.2.2.1.1 Price volatility in key materials
      • 3.2.2.1.2 Supply chain restructuring
      • 3.2.2.1.3 Production cost implications
    • 3.2.2.2 Demand-side impact (selling price)
      • 3.2.2.2.1 Price transmission to end markets
      • 3.2.2.2.2 Market share dynamics
      • 3.2.2.2.3 Consumer response patterns
  • 3.2.3 Key companies impacted
  • 3.2.4 Strategic industry responses
    • 3.2.4.1 Supply chain reconfiguration
    • 3.2.4.2 Pricing and product strategies
    • 3.2.4.3 Policy engagement
  • 3.2.5 Outlook and future considerations
• 3.3 Trade statistics (HS code)
  • 3.3.1 Major exporting countries
  • 3.3.2 Major importing countries

Note: the above trade statistics will be provided for key countries only.

• 3.4 Profit margin analysis
• 3.5 Key news & initiatives
• 3.6 Regulatory landscape
• 3.7 Impact forces
  • 3.7.1 Growth drivers
    • 3.7.1.1 Automotive industry's demand for lightweight, high-strength components boosts usage.
    • 3.7.1.2 Infrastructure projects worldwide increase need for durable steel materials.
    • 3.7.1.3 Electric vehicle growth drives demand for precision-engineered steel bars.
    • 3.7.1.4 Advancements in manufacturing enhance production efficiency and product quality.
  • 3.7.2 Industry pitfalls & challenges
    • 3.7.2.1 Fluctuating raw material prices create cost uncertainties for manufacturers.
    • 3.7.2.2 High energy consumption in production raises operational expenses significantly.
• 3.8 Growth potential analysis
• 3.9 Porter's analysis
• 3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2024

• 4.1 Introduction
• 4.2 Company market share analysis
• 4.3 Competitive positioning matrix
• 4.4 Strategic outlook matrix

Chapter 5 Market Estimates & Forecast, By Product Type, 2021 - 2034 (USD Billion) (Kilo Tons)

• 5.1 Key trends
• 5.2 Carbon steel bars
• 5.3 Alloy steel bars
• 5.4 Stainless steel bars
• 5.5 Tool steel bars
• 5.6 Special bar quality (SBQ)

Chapter 6 Market Estimates & Forecast, By Shape, 2021 - 2034 (USD Billion) (Kilo Tons)

• 6.1 Key trends
• 6.2 Round bars
• 6.3 Hexagonal bars
• 6.4 Square bars
• 6.5 Flat bars
• 6.6 Special shapes

Chapter 7 Market Estimates & Forecast, By Manufacturing Process, 2021 - 2034 (USD Billion) (Kilo Tons)

• 7.1 Key trends
• 7.2 Cold-drawn
• 7.3 Turned and polished
• 7.4 Ground and polished
• 7.5 Combined processes

Chapter 8 Market Estimates & Forecast, By End Use, 2021 - 2034 (USD Billion) (Kilo Tons)

• 8.1 Key trends
• 8.2 Automotive
• 8.3 Machinery
• 8.4 Construction
• 8.5 Aerospace
• 8.6 Energy
• 8.7 Consumer goods
• 8.8 Others

Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2034 (USD Billion) (Kilo Tons)

• 9.1 Key trends
• 9.2 North America
  • 9.2.1 U.S.
  • 9.2.2 Canada
• 9.3 Europe
  • 9.3.1 UK
  • 9.3.2 Germany
  • 9.3.3 France
  • 9.3.4 Italy
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 China
  • 9.4.2 India
  • 9.4.3 Japan
  • 9.4.4 South Korea
  • 9.4.5 Australia
  • 9.4.6 Rest of Asia Pacific
• 9.5 Latin America
  • 9.5.1 Brazil
  • 9.5.2 Mexico
  • 9.5.3 Argentina
  • 9.5.4 Rest of Latin America
• 9.6 MEA
  • 9.6.1 South Africa
  • 9.6.2 Saudi Arabia
  • 9.6.3 UAE
  • 9.6.4 Rest of MEA

Chapter 10 Company Profiles

• 10.1 Nucor Corporation
• 10.2 Gerdau S.A.
• 10.3 ArcelorMittal
• 10.4 Steel Dynamics, Inc.
• 10.5 Tata Steel
• 10.6 POSCO
• 10.7 Baowu Steel Group
• 10.8 Eaton Steel Bar Company
• 10.9 Ovako AB
• 10.10 Sanyo Special Steel
• 10.11 Commercial Metals Company
• 10.12 Aichi Steel Corporation
• 10.13 Kobe Steel, Ltd.
• 10.14 Daido Steel
• 10.15 Saarstahl AG
• 10.16 Fushun Special Steel