TMT Steel Bar in Switzerland 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 infrastructure renewal and resilience on large scale new infrastructure projects with earthquake resistant construction for safety and stability of buildings in case of tremors are the major factors driving the growth of the TMT steel bars in Switzerland.
Investments in further developments of the Lotschberg base tunnel increases the demand for TMT steel bars.
The Swiss parliament has decided to extend the 35-kilometer-long Lotschberg Base Tunnel by 14 kilometers between Ferden and Mitholz. This would provide 28 kilometers of double-track access and just 7 kilometers of single-track access. A separate connecting tunnel at the southern end, allowing trains to travel west into Lausanne/Geneva, was also left as a raw-built shell with no rail infrastructure. The decision to complete the Lotschberg Base Tunnel is part of the "Bahn 2050" initiative, which has been under development for several years and includes a number of other major infrastructure improvements. Assuming money is available, BLS, the owner of the Lotschberg Base Tunnel Infrastructure, intends to begin building on the tunnel in 2026 and complete it by 2033. The project requires considerable concrete reinforcement work, such as renovating tunnel linings, rebuilding track slabs, and strengthening support structures thereby driving the growth of the TMT steel bars.
Investment in tramlink for the new tram line in Lausanne Switzerland drives the market growth.
In November 2022, Stadler Rail stated that it has secured a contract with TL, the Lausanne network operator, to deliver 10 standard-gauge Tramlink trams for the planned T1 line, as well as spare parts and rolling stock maintenance equipment. The gauge, which is unique for a Swiss tram network, will be 1,435 mm. The line will be 6 kilometers long and parallel to the Lausanne-Geneva line, with ten stops spaced 500 metres apart. The first phase will open as far as Renens by 2026, and the second phase, which has already been approved, will extend the line to Villars - Ste Croix in 2027, adding 3 km and 6 more stops. Tram lines frequently go through difficult metropolitan areas, necessitating tunnels, bridges, and elevated parts. These unique structures require high-quality TMT steel bars with precise mechanical qualities to endure heavy loads, dynamic stresses, and extreme temperature variations thereby driving the market growth.
Renovation of Geneve Aeroport in Switzerland increases the demand for TMT steel bars.
Geneve Aeroport has awarded a contract to Losinger-Marazzi-Bouygues for the CAP2030 project, which will renovate the main terminal T1 at Geneva Airport. This project will begin in 2026 with the development of a bus-train-car-bike-airplane interchange. This initial stage is set to be completed in 2032. The projects value is estimated at 600 million CHF. Geneve Aeroports investment seeks to fulfill high passenger standards, increase space and comfort, remove infrastructure degradation, improve multimodal transit connections, strengthen commercial capacity, and improve energy efficiency. The redevelopment includes expanding current terminals, constructing new facilities, and upgrading existing infrastructure thereby resulting in a large need for TMT steel bars to strengthen concrete structures, assuring their strength and endurance.
Recent Strategic Developments
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Years considered for this report
• Historical Years: 2021 - 2022
• Base Year: 2022
• Forecast Period: 2023-2032
Switzerland TMT Steel Bar Market 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
Switzerland TMT Steel Bar Market 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.
Switzerland TMT Steel Bar Market Companies
• Thyssenkrupp Steel
• Salzgitter AG
• ArcelorMittal
• Liberty Ascoval
• Acciaierie Valbruna
