TMT Steel Bar in Europe shall reach a value of $X Million in 2033, growing with a CAGR of X% during the forecast period of 2023 to 2033.
Thermo-Mechanically Treated steel bars are a form of high-strength reinforcement steel commonly used in the building sector. They have various advantages over conventional steel bars, making them a preferred alternative for concrete structures such as buildings, bridges, and highways.
The construction project of HS2 high speed railway line and the investment in Northern Powerhouse rail project in UK and the construction of Marselis boulevard tunnel in Denmark are some of the major factors driving the growth of the TMT steel bars in Europe.
Construction of HS2 high speed railway line in UK increases the demand for TMT steel bars.
HS2 is the UKs new high-speed railway. Once operational, HS2s British-built bullet trains will enable zero-carbon journeys between the UKs two main cities, Birmingham and London, with services continuing to Manchester, the North West, and Scotland via the conventional railway network, reducing travel time. HS2 is the first new intercity railway built north of London in more than a century, and it is double the length of Crossrail. With 140 miles of track, four new cutting-edge stations, two depots, 32 miles of tunnel, and 130 bridges, HS2 will leave a legacy of ecologically responsible travel, economic regeneration, and technical innovation for future generations. The first HS2 trains will run between Birmingham Curzon Street and Old Oak Common in London between 2029 and 2033. The project entails considerable excavation, necessitating the use of large quantities of TMT steel bars to reinforce the concrete lining of the tunnels. Several portions of the line will also run on elevated viaducts, which will be substantially reinforced concrete with TMT steel reinforcement.
Investment in Northern Powerhouse Rail project drives the market growth.
The Network North plan aims to improve connection across the North and Midlands by reducing route times, increasing capacity, and providing more frequent and dependable services. The North West will benefit from increased train frequency, capacity, and speedier journeys as a result of a large budget boost to strengthen public transportation networks. Rather than just connecting Birmingham and Manchester, the government has set aside £12 billion for links between Liverpool and Manchester to ensure the delivery of Northern Powerhouse Rail (NPR), followed by £36 billion in hundreds of projects in towns, cities, and rural areas across the country, as well as roads, rail, and buses - an unprecedented level of investment that will drive economic growth and create jobs. The project entails constructing hundreds of kilometers of new track, which necessitates reinforced concrete foundations and support structures thereby driving the demand for TMT steel bars.
Construction of Marselis boulevard tunnel in Denmark increases the demand for TMT steel bars.
The Marselis Boulevard Tunnel is a 2-kilometer-long tunnel planned as part of a new road that will provide a direct link between the E45 expressway and the Aarhus harbour at a cost of €365 million. Aarhus is Denmarks largest container port, with considerable traffic density. A tunnel will facilitate a more direct connection between the Aarhus port and the road network. The study of the 2 km tunnel will inform construction methods and consider the impact on neighbors. The tunnel will be built with reinforced concrete and will require a large number of TMT steel bars for reinforcement. These bars will be utilized in the tunnels walls, floor, and ceiling to maintain structural integrity and stability.
Recent Strategic Developments
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Years considered for this report
• Historical Years: 2021 - 2022
• Base Year: 2022
• Forecast Period: 2023-2032
TMT Steel Bar Market in Europe Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/ projections/ forecast for revenue and unit sales (2022 - 2033)
• Data breakdown for application Industries (2022 - 2033)
• Integration and collaboration analysis of companies
• Capacity analysis with application sector breakdown
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategies adopted by emerging companies
TMT Steel Bar Market in Europe Market Segments
By Diameter Range (Revenue, USD Million, 2022 - 2033)
• 6mm to 8mm.
• 8mm to 12mm.
• 12mm and above
By Application Type (Revenue, USD Million, 2022 - 2033)
• Residential.
• Commercial.
• Infrastructure.
By Grade Type (Revenue, USD Million, 2022 - 2033)
• Fe-415.
• Fe-500.
• Fe-550.
• Fe-600.
• Others.
TMT Steel Bar Market in Europe Companies
• ArcelorMittal
• Voestalpine Group
• Salzgitter AG
• SSAB Swedish Steel
• Liberty Steel Group
• ThyssenKrupp Steel Europe
• Lucchini SpA
• Celsa Group
