Steel Rebars Market to grow by USD 66.1 Billion from 2025 to 2029, Driven by rising construction demand, report on AI's impact on market trends - Technavio

NEW YORK, Feb. 12, 2025 /PRNewswire/ -- Report on how AI is redefining market landscape - The steel rebars market and it is set to grow by USD 66.1 billion from 2025 to 2029. However, the growth momentum will progressing at a CAGR of over 4.9% during the forecast period, according to Technavio. The steel rebars market is fragmented, and the vendors are seeking strong partnerships with automotive, industrial, and commercial companies to compete in the market.  Agni Steels Private Ltd., ArcelorMittal SA, Baosteel Group Co. Ltd., Commercial Metals Co., EVRAZ Plc, Gerdau SA, Hyundai Steel Co., JSW Group, Kamdhenu Ltd., MMD, MSP Steel and Power Ltd., Nucor Corp., Primegold International Ltd., Radha Smelters Pvt. Ltd., Rashtriya Ispat Nigam Ltd., Sage Metals, Shagang Group Inc., Spark Electrodes Pvt. Ltd., supershakti.in, and Tata Steel Ltd. Are some of the major market participants -. To know about the vendor offerings - Request a sample report

Steel Rebars Market 2025-2029: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The steel rebars market report covers the following areas:

• Steel Rebars Market Size
• Steel Rebars Market Trends
• Steel Rebars Market Industry Analysis
• Porter's Five Forces Analysis
• Customer Landscape

The steel rebars market is fragmented, and the degree of fragmentation will accelerate. The demand for steel rebars due to growing construction activities will offer immense growth opportunities. However, the Fluctuation in prices of raw materials needed to manufacture steel rebars will hamper the market growth

Steel Rebars Market 2025-2029: Drivers & Challenges

The Steel Rebar Market is driven by various factors. Slippage during construction leads to the need for additional rebar, boosting demand. Recycled steel, produced from electric arc furnaces, reduces production costs and is eco-friendly. Extrusion tools create unique shapes like grid pattern, enhancing structural strength in high-rise buildings, parking ramps, concrete piers, bridges, foundations, roads, and driveways. Deformations during installation improve compressive and tensile strength. Mild steel, stainless steel, aluminum, tool steel, alloy steel, brass, bronze, and copper rebars cater to diverse applications. Carbon Steel Rebar, Galvanized Rebar, Stainless Steel Rebar, and Epoxy-Coated Rebar offer corrosion resistance. Scrap metal as raw material ensures affordability. Rebars come in various diameters and are hot rolled for optimal strength.

The Steel Rebar market faces several challenges in the production and application of reinforcement bars for concrete structures. Billets' inconsistent quality and ridges can impact the final product's strength. Cutting to length and bending bars to specific sizes require precision to ensure proper fit and performance under heavy loads. Temperature control is crucial during production to prevent deformations and maintain compressive strength. Handling and transporting large quantities of steel bars can be challenging due to their weight and size. Thermal expansion and contraction must be considered when designing structures to prevent slippage and maintain grid pattern alignment. Recycled steel's quality can vary, affecting the performance of electric arc furnaces and extrusion tools. Shearing loads, bending, torsion, and other forms of stress can cause deformations. Different types of steel, including mild steel, stainless steel, aluminum, tool steel, alloy steel, brass, bronze, and copper, have unique properties and applications. Proper selection and use of these materials are essential to ensure structures' durability and safety under various loads and environmental conditions.

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Segment Overview 

This steel rebars market report extensively covers market segmentation by

• Type
• Deformed
• Mild
• Application
• Residential
• Commercial
• Public Infrastructure
• Geography
• APAC
• Europe
• North America
• Middle East And Africa
• South America

1.1 Deformed-  Deformed steel rebars are manufactured through the process of cold twisting or hot rolling steel billets, resulting in raised patterns like lugs, ribs, or indentations along their length. These patterns enhance the grip of the rebars on concrete. The construction industry widely utilizes deformed rebars for building structures such as buildings, bridges, highways, dams, and other infrastructure due to their high strength, durability, and structural integrity. The demand for new infrastructure and housing projects in developing countries, particularly in Asia and Africa, is increasing rapidly due to urbanization. This growth fuels the need for deformed steel rebars as they are essential for high-strength and durable reinforcement materials. Moreover, investments in infrastructure projects, including transportation networks, bridges, and dams, create a high demand for deformed steel rebars. Additionally, the expansion of the industrial sector leads to the construction of industrial and commercial buildings, such as warehouses and factories, further increasing the demand for these reinforcement materials. Consequently, the deformed steel rebars market is projected to expand during the forecast period.

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Steel Rebars Market 2025-2029: Key Highlights

• CAGR of the market during the forecast period 2025-2029
• Detailed information on factors that will assist steel rebars market growth during the next five years
• Estimation of the steel rebars market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the steel rebars market across APAC, Europe, North America, Middle East and Africa, and South America
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of steel rebars market vendors

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SOURCE Infiniti Research, Inc.