Hot Rolled Coil Trends and Forecast
The future of the global hot rolled coil market looks promising with opportunities in the construction, automotive, and machinery markets. The global hot rolled coil market is expected to reach an estimated $0.4 billion by 2030 with a CAGR of 5.1% from 2024 to 2030. The major drivers for this market are increasing consumption of hr coil in downstream construction, automotive, and machinery industries, growing infrastructure investment and industrialization, and rise in the number of residential building projects.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Hot Rolled Coil by Segment
The study includes a forecast for the global hot rolled coil by type, end use, and region.
Hot Rolled Coil Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Thickness <3mm
• 3mm-10mm
• Thickness >3mm
Hot Rolled Coil Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Construction
• Automotive
• Machinery
• Others
Hot Rolled Coil Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Hot Rolled Coil Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies hot rolled coil companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the hot rolled coil companies profiled in this report include-
• ArcelorMittal
• China Baowu Steel Group
• Nippon Steel
• POSCO
• Hesteel Group
• JFE Holdings
• Hyundai Steel
• Angang Steel Company
• Electrosteel Steel
• Maanshan Iron & Steel Company
Hot Rolled Coil Market Insights
Lucintel forecasts that thickness <3mm will remain the larger segment over the forecast period because the hot rolled steel coils are used in many industrial fitting applications, elevator floors, car flooring, and general fabrication.
Within this market, construction will remain the largest segment because of its outstanding mechanical properties, favorable freezing properties, and a pressure-resistant, even build.
APAC is expected to witness highest growth over the forecast period due to growing industrialization, increased demand in the car sector, and increased local infrastructure development expenditures in the region.
Features of the Global Hot Rolled Coil Market
Market Size Estimates: Hot rolled coil market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Hot rolled coil market size by type, end use, and region in terms of value ($B).
Regional Analysis: Hot rolled coil market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, end use, and regions for the hot rolled coil market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the hot rolled coil market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the hot rolled coil market size?
Answer: The global hot rolled coil market is expected to reach an estimated $0.4 billion by 2030.
Q2. What is the growth forecast for hot rolled coil market?
Answer: The global hot rolled coil market is expected to grow with a CAGR of 5.1% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the hot rolled coil market?
Answer: The major drivers for this market are increasing consumption of hr coil in downstream construction, automotive, and machinery industries, growing infrastructure investment and industrialization and rise in the number of residential building projects.
Q4. What are the major segments for hot rolled coil market?
Answer: The future of the hot rolled coil market looks promising with opportunities in the construction, automotive, and machinery markets.
Q5. Who are the key hot rolled coil market companies?
Answer: Some of the key hot rolled coil companies are as follows:
• ArcelorMittal
• China Baowu Steel Group
• Nippon Steel
• POSCO
• Hesteel Group
• JFE Holdings
• Hyundai Steel
• Angang Steel Company
• Electrosteel Steel
• Maanshan Iron & Steel Company
Q6. Which hot rolled coil market segment will be the largest in future?
Answer: Lucintel forecasts that thickness <3mm will remain the larger segment over the forecast period because the hot rolled steel coils are used in many industrial fitting applications, elevator floors, car flooring, and general fabrication.
Q7. In hot rolled coil market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing industrialization, increased demand in the car sector, and increased local infrastructure development expenditures in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the hot rolled coil market by type (thickness <3mm, 3mm-10mm, and thickness >3mm), end use (construction, automotive, machinery, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Hot Rolled Coil Market, Hot Rolled Coil Market Size, Hot Rolled Coil Market Growth, Hot Rolled Coil Market Analysis, Hot Rolled Coil Market Report, Hot Rolled Coil Market Share, Hot Rolled Coil Market Trends, Hot Rolled Coil Market Forecast, Hot Rolled Coil Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.