India hot rolled & cold rolled steel
market is expected to grow at a steady CAGR for the forecast period,
FY2023-FY2027. Hot rolled is less costly than the cold
rolled steel and it is widely used in heavy machinery, truck frames,
agricultural equipment, metal building applications and large pipes and tubes.
Increasing automation in various prominent industries is expected to foster the
growth of the hot rolled and cold rolled market for the next five years. Rising
disposable income among the middle-class families in India is increasing the
expenditure capacity of consumers thereby fueling the growth of automotive
industry, in which the hot and cold rolled steel is widely used, ultimately
accelerating the rise of hot rolled & cold rolled steel market in India.
Surge in demand for infrastructural activities is increasing the demand for hot
rolled and cold rolled steel market. Rapid industrialization to cater to the
different needs of rising population is contributing significantly to the
growth of the hot rolled and cold rolled steel market.
India hot rolled & cold rolled steel
market is segmented into product,
form, application, regional distribution, and company. Based on product, hot
rolled and cold rolled steel market is further bifurcated into hot rolled steel
and cold rolled steel. The cold rolled steel segment is expected to witness significant
growth in the forecast period. Cold rolled steel surfaces are clean and have
more accurate finished dimensions. It has greater strength properties than the
hot rolled steel and requires less additional finishing as the surface is
already smooth. Cold rolled steel find applications in home appliances, water
heater, fan blades, frying pans, structural parts, metal furniture and metal
cabinets, among the other uses, which are leading to surge in demand for the
cold rolled steel market in India.
The major players operating in the India
hot rolled & cold rolled steel market are JSW Steel
Ltd, Steel Authority of India Ltd., Essar Steel India Ltd., Jindal Steel &
Power Ltd., Rashtriya Ispat Nigam Ltd. (RINL), Electrosteel
Steel Ltd., Jindal Stainless Limited (JSL), Tata
Steel Limited, and others.
Major companies are developing advanced technologies and launching new products
to stay competitive in the market. Other competitive strategies include mergers
& acquisitions and new product developments.
Years
considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022E
Forecast Period: FY2023–FY2027F
Objective of the Study:
- To analyze the historical growth in the market size of India
hot rolled & cold rolled steel market from FY2017 to FY2021.
- To estimate and forecast the market size of India hot rolled &
cold rolled steel market from FY2022 to FY2027F and growth rate until FY2027F.
- To classify and forecast India hot rolled & cold rolled steel market
based on product, form, application, regional distribution, and company.
- To identify dominant region or segment in the India hot rolled
& cold rolled steel market.
- To identify drivers and challenges for India hot rolled & cold
rolled steel market.
- To examine competitive developments such as expansions, new product
launches, mergers & acquisitions, etc., in India hot rolled & cold
rolled steel market.
- To identify and analyze the profile of leading players operating in
India hot rolled & cold rolled steel market.
- To identify key sustainable strategies adopted by market players in
India hot rolled & cold rolled steel market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers across the globe. Subsequently, TechSci Research conducted
primary research surveys with the identified companies. While interviewing, the
respondents were also enquired about their competitors. Through this technique,
TechSci Research could include the manufacturers who could not be identified
due to the limitations of secondary research. TechSci Research analyzed the manufacturers,
distribution channels and presence of all major players across India.
TechSci
Research calculated the market size of India hot rolled & cold rolled steel market using a
bottom-up approach, wherein data for various end-user segments was recorded and
forecast for the future years. TechSci Research sourced these values from the
industry experts and company representatives and externally validated through
analyzing historical data of these product types and applications for getting
an appropriate, overall market size. Various secondary sources such as company
websites, news articles, press releases, company annual reports, investor
presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Hot rolled & cold rolled steel manufacturing
companies
- Market research and consulting firms
- Government bodies such as regulating
authorities and policy makers
- Organizations, forums and alliances related to
hot rolled & cold rolled steel market
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers and partners, end users, etc., besides allowing them in strategizing
investments and capitalizing on market opportunities.
Report Scope:
In this report, India hot rolled &
cold rolled steel market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
· India Hot
Rolled & Cold Rolled Steel Market, By Product:
- Hot
Rolled Steel
- Cold
Rolled Steel
- India Hot Rolled & Cold Rolled Steel Market, By Form:
- Steel
Plate
- Steel
Coil
- Flat
- Others
- India Hot Rolled & Cold Rolled Steel Market, By Application:
- Automotive
- Construction
- Steel
Pipe
- Shipping
- Machinery
& Equipment
- Industrial
- Others
- India Hot Rolled & Cold Rolled
Steel Market, By Region:
o North
o East
o West
o South
Competitive Landscape
Company Profiles: Detailed analysis of the major
companies present in India hot rolled & cold rolled steel market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of
additional market players (up to five).
India hot rolled & cold
rolled steel market is an upcoming report to be released soon. If you wish an
early delivery of this report or want to confirm the date of release, please
contact us at [email protected]