The rebars market size reached around USD 253.40 Billion in 2023. The market is projected to grow at a CAGR of 5.60% between 2024 and 2032 to reach nearly USD 413.79 Billion by 2032. The market is driven by the heightened investments in infrastructure development around the world and rising need for durable and cost-effective construction materials.
Base Year
Historical Year
Forecast Year
The rising demand for rebars is primarily driven by the expansion of the construction sector, especially in emerging markets throughout the Middle East, Asia-Pacific region, and Africa. The global construction market is anticipated to reach a value of USD 19.52 trillion by 2027. Additionally, in North America, the construction sector's GDP is expected to reach USD 682 billion, with the United States contributing USD 570 billion. Furthermore, in Europe, the construction sector's GDP is expected to be USD 191.9 billion, with Germany accounting for USD 62.8 billion of the total value. Factors such as rapid urbanisation, increasing infrastructural projects, and government investments in bridges, housing, roads, and public utilities are driving the need for reinforced concrete, thereby leading to the rebars market development. Furthermore, the trend towards larger and more intricate architectural designs promotes the necessity for high-quality rebars in construction projects around the world.
Furthermore, the expansion of the agriculture sector is driving a notable rise in the demand for rebars, especially for the construction of irrigation systems, storage facilities, and greenhouses. As agricultural activities grow, there is an increasing need for reinforced structures that improve operational efficiency, facilitate infrastructure development, and provide storage options, ultimately leading to increased rebar consumption in the respective sector, there by supporting the rebars market growth.
Value in USD Billion
2024-2032
Rebars Market Outlook
*this image is indicative*
The rebars market growth can be attributed to expansion in construction activities, rise in government support, and adoption of technological advancements.
One of the notable rebars market trends is the expansion of construction activities across the world. The rapid expansion of urban areas and infrastructure development is leading to the rising demand for rebars, particularly in developing nations, thereby driving market growth across commercial, residential, and industrial sectors.
Increased government spending on infrastructure projects, such as the construction and renovation of bridges, roads, and railways, plays a significant role in stimulating economic activity and enhancing public services, thereby leading to the expansion of the market.
Fluctuations in the prices of iron ore, steel, and scrap metal have a significant impact on the overall production costs associated with the manufacturing of rebars. Rebar is a key component in infrastructure projects and construction, thereby leading to the market growth.
Advances in rebar manufacturing, including the use of high-strength rebars and corrosion-resistant alloys, enhance the efficiency of construction activities and thereby contribute to the ongoing expansion of the market.
The rebars market is witnessing considerable growth, largely fuelled by rapid urbanisation, and infrastructure development. Additionally, the trend towards sustainable building materials is encouraging the adoption of high-strength and eco-friendly rebars, which is further driving market expansion. Moreover, significant investments by governments across the world in infrastructure projects in public utilities are also contributing to a rise in rebar consumption. Demand for rebars is primarily strong in emerging markets, especially in the Asia-Pacific and Middle East regions. Overall, the market is expected to remain robust due to rapid urbanisation and ongoing industrial development.
The EMR’s report titled “Global Rebars Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Type
Breakup by Coating Type
Breakup by End User
Breakup by Region
Based on the region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Asia Pacific is projected to grow at a CAGR of 6.3% during the forecast period of 2024-2032. The rising demand for rebars in the Asia-Pacific region is primarily fuelled by rapid urbanisation, ongoing infrastructure development, and the expansion of essential sectors such as agriculture and construction. Additionally, the surge in investments in bridges, roads, residential projects, and industrial initiatives has greatly increased the need for robust and reinforced structures, leading to a significant rise in rebar consumption throughout the region.
Governments in North America are making significant investments in the modernization of rail networks, bridges, and roadways. The demand for rebar is significantly influenced by the US Infrastructure Bill, which allots billions for infrastructure projects.
Cities in the Middle East are expanding rapidly, especially Dubai and Riyadh, which are making significant investments in residential and commercial projects. Megaprojects like stadiums, airports, and luxurious hotels are being built at an accelerated rate in Saudi Arabia, the United Arab Emirates, and Qatar. These require large volumes of rebars, driving the rebars market.
Market players are focusing on the adoption of technological advancements to gain a competitive edge in the market and to improv the rebars market outlook.
Headquartered in Luxembourg and founded in 2006, ArcelorMittal has become a key steel producer in the world. The company offers a wide array of steel products that cater to various sectors, including construction, automotive, and energy, with operations spanning over 60 countries globally.
Established in 1950 and headquartered in Tokyo, Japan, Nippon Steel ranks among the largest steel producers in...
Established in 2002 and headquartered in Tokyo, Japan, JFE Steel is a significant player in the steel manufact...
Established in 1942 and headquartered in Nagoya, Japan, Aichi Steel focuses on producing high-performance stee...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other major players in the rebars market are Essar Group, Tata Steel Limited, Nucor Corporation, NLMK Group, Gerdau SA, and Celsa Group, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the rebars market attained a value of nearly USD 253.40 Billion.
The market is assessed to grow at a CAGR of 5.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 413.79 Billion by 2032.
The major drivers of the market are the swift expansion of urban areas and expansion of the agricultural sector.
The key trends aiding the expansion include increased government spending on infrastructure projects and adoption of technological advancements.
The different types of rebars in the market are mild and deformed.
The major regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The major players in the market are ArcelorMittal S.A., Nippon Steel Corporation, JFE Steel Corporation, Aichi Steel Corporation, Essar Group, Tata Steel Limited, Nucor Corporation, NLMK Group, Gerdau SA, and Celsa Group, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Coating Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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