Kenya Long Steel Products Market Size & Outlook, 2023-2030
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Kenya long steel products market highlights
- The Kenya long steel products market generated a revenue of USD 1,085.3 million in 2023 and is expected to reach USD 1,242.8 million by 2030.
- The Kenya market is expected to grow at a CAGR of 2% from 2024 to 2030.
- In terms of segment, rebars was the largest revenue generating product in 2023.
- Wire Rods is the most lucrative product segment registering the fastest growth during the forecast period.
Long steel products market data book summary
| Market revenue in 2023 | USD 1,085.3 million |
| Market revenue in 2030 | USD 1,242.8 million |
| Growth rate | 2% (CAGR from 2024 to 2030) |
| Largest segment | Rebars |
| Fastest growing segment | Wire Rods |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rebars, Wire Rods, Sections, Tubes |
| Key market players worldwide | ArcelorMittal SA Depository Receipt, Jindal Stainless, Emirates Steel, Arabian Gulf Steel Industries, Hamriyah Steel, Rajhi Steel, Union Iron & Steel, Watania Steel |
Other key industry trends
- In terms of revenue, Kenya accounted for 0.2% of the global long steel products market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia long steel products market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 5,997.8 million by 2030.
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Long Steel Products Market Scope
Long Steel Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Watania Steel | View profile | - | Al Kharj, Ar Riyad, Saudi Arabia, Asia | http://www.wataniasteel.com/ |
| Union Iron & Steel | View profile | 101-250 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | http://www.uis-uae.com |
| Rajhi Steel | View profile | 1001-5000 | Riyadh, Ar Riyad, Saudi Arabia, Asia | https://www.rajhisteel.com |
| Hamriyah Steel | View profile | 101-250 | Hamriyah, Sharjah, United Arab Emirates, Asia | https://www.hamriyahsteel.ae |
| Arabian Gulf Steel Industries | View profile | 1001-5000 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | https://www.agsi.ae/ |
| Emirates Steel | View profile | 1001-5000 | Musaffah, Abu Dhabi, United Arab Emirates, Asia | https://www.emiratessteel.com/ |
| Jindal Stainless | View profile | 10001+ | New Delhi, Delhi, India, Asia | https://www.jindalstainless.com/ |
| ArcelorMittal SA Depository Receipt | View profile | 126756 | 24-26, Boulevard d’Avranches, Luxembourg, Luxembourg, L-1160 | http://www.arcelormittal.com |
Kenya long steel products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to long steel products market will help companies and investors design strategic landscapes.
Rebars was the largest segment with a revenue share of 45.07% in 2023. Horizon Databook has segmented the Kenya long steel products market based on rebars, wire rods, sections, tubes covering the revenue growth of each sub-segment from 2018 to 2030.
The Kenyan government has taken several initiatives to increase the production of long steel in the region. One of the key initiatives is the establishment of the Kenya Industrial Transformation Program (KITP) aimed at boosting industrialization in the country.
The program focuses on promoting local value addition and enhancing the competitiveness of the manufacturing sector. Additionally, the government has been investing in infrastructure projects, such as roads and railways, which require significant amounts of long steel. This has helped to boost the demand for locally produced steel and create opportunities for the growth of the industry.
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Target buyers of Kenya long steel products market databook
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Our clientele includes a mix of long steel products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kenya long steel products market , including forecasts for subscribers. This country databook contains high-level insights into Kenya long steel products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Kenya long steel products market size, by product, 2018-2030 (US$M)
Kenya Long Steel Products Market Outlook Share, 2023 & 2030 (US$M)
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