In 2024, London had the highest construction costs for manufacturing facilities and warehouses among the cities of the United Kingdom included in this list. Building an advanced industrial plant in Manchester cost ***** British pounds per square meter. The figures in Leeds, Birmingham, Glasgow, and Manchester were somewhat similar. Certain areas of London, such as Park Royal, Canning Town, and Acton, had some of the highest rent of new small warehouse units in the UK in 2022. What factors determine construction costs? The cost of labor in construction in the UK amounted to nearly ********** of the overall income in that sector. Apart from the salaries of employees and workers, the price of land and machinery are also quite important. Another element that can be subject to a lot of change is the price of building materials, with the price of concrete re-inforcing bars in the UK growing by nearly ** percent in 2022. However, construction projects also face other costs, such as fees and other administrative costs. Industrial land prices Some components that affect the final cost of constructing warehouses and manufacturing facilities can vary a lot within the same country. For example, salaries tend to be higher in large cities. Along the same lines, the price of industrial land in North London was well over *** times higher than in Edinburgh in 2022. However, these disparities are not as pronounced in every country. Although certain areas of Warsaw had very high prices, industrial and warehouse land prices in other Polish cities such as Poznan, Wroclaw, or Krakow were higher than in the zone III of Warsaw.

Snapshot img

TMT Steel Bar Market Size 2025-2029

The TMT steel bar market size is forecast to increase by USD 91 billion at a CAGR of 4.3% between 2024 and 2029.

The market is experiencing significant growth due to several key factors. The increasing demand for steel, driven by infrastructure development and construction projects, is a major growth driver. Additionally, the rising demand for seismic resistance in buildings and structures is leading to increased usage of TMT steel bars. However, fluctuating raw material costs pose a challenge to market growth. Producers must carefully manage their costs to maintain profitability. The market is expected to continue its growth trajectory, driven by these trends and challenges. TMT steel bars offer superior strength and durability, making them an essential component in various industries. As the demand for infrastructure development and construction projects continues to rise, the market for TMT steel bars is poised for steady growth.

What will be the Size of the TMT Steel Bar Market During the Forecast Period?

Request Free Sample

The TMT (Thermomechanically Treated) steel bar market in the United States is experiencing significant growth due to the increasing demand for infrastructure development. TMT steel bars, available in various sizes such as 68 mm, 812 mm, and 12 mm, are increasingly being used in heavy industry applications, including torsional bars, low-cost reinforcement bars for residential and commercial construction, and concrete structures for buildings and industrial structures. The mechanical qualities of TMT steel bars, including their superior torsional strength, corrosion resistance, and earthquake resistance, make them a preferred choice for construction projects. These bars are also ductile and fatigue-resistant, ensuring a super-strong structure that can withstand heavy loads.



Heat treatment techniques such as rapid cooling are used to enhance the mechanical properties of TMT steel bars, making them ideal for use in infrastructure applications. The construction sector, particularly in the areas of hydropower plants and industrial structures, is a major consumer of TMT steel bars and other construction materials due to its ability to provide a reliable and durable solution. Water jet technology is used in the production of TMT steel bars, ensuring consistent and precise dimensions, while adhering to industry standards. The growing demand for earthquake-resistant and corrosion-resistant structures is expected to further drive the growth of the market in the United States.

How is this TMT Steel Bar Industry segmented and which is the largest segment?

The TMT steel bar industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Residential
  Commercial
  Infrastructure


Grade Type

  Fe 415
  Fe 500 and 500D
  Fe 550 and 550D
  Fe 600
  Others


Geography

  APAC

    China
    India
    Japan
    South Korea


  Europe

    Germany
    UK
    France
    Italy


  North America

    Canada
    US


  Middle East and Africa



  South America

By End-user Insights

The residential segment is estimated to witness significant growth during the forecast period.

TMT (Thermo-Mechanically Treated) steel bars are a preferred choice in the construction sector due to their superior mechanical qualities and corrosion resistance. These bars are widely used in urban areas for the construction of residential buildings and concrete structures. The use of TMT bars offers several advantages, including high tensile strength, excellent ductility, and a superior strength-to-weight ratio. These properties ensure the structural integrity and safety of buildings, bridges, dams, and other infrastructure. TMT bars can deform without breaking during seismic events, making them essential for earthquake resistance. The heat treatment process, which involves rapid cooling, enhances the steel's mechanical properties.

TMT bars are available in various grades to cater to different applications and load requirements. Producers use advanced technologies to ensure consistent quality and meet industry standards. The use of TMT bars is expected to continue growing due to their proven performance and durability.

Get a glance at the TMT Steel Bar Industry report of share of various segments Request Free Sample

The residential segment was valued at USD 164.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 77% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

For more in

In the presented European countries, the homeownership rate extended from 42 percent in Switzerland to as much as 96 percent in Albania. Countries with more mature rental markets, such as France, Germany, the UK and Switzerland, tended to have a lower homeownership rate compared to the frontier countries, such as Lithuania or Slovakia. The share of house owners among the population of all 27 European countries has remained relatively stable over the past few years. Average cost of housing Countries with lower homeownership rates tend to have higher house prices. In 2023, the average transaction price for a house was notably higher in Western and Northern Europe than in Eastern and Southern Europe. In Austria - one of the most expensive European countries to buy a new dwelling in - the average price was three times higher than in Greece. Looking at house price growth, however, the most expensive markets recorded slower house price growth compared to the mid-priced markets. Housing supply With population numbers rising across Europe, the need for affordable housing continues. In 2023, European countries completed between one and six housing units per 1,000 citizens, with Ireland, Poland, and Denmark responsible heading the ranking. One of the major challenges for supplying the market with more affordable homes is the rising construction costs. In 2021 and 2022, housing construction costs escalated dramatically due to soaring inflation, which has had a significant effect on new supply.

Snapshot img

Steel Rebars Market Size 2025-2029

The steel rebars market size is forecast to increase by USD 66.1 billion at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth due to the increasing construction activities in various sectors, including residential, commercial, and infrastructure. This trend is driven by the global population growth and urbanization, leading to a surge in demand for new buildings and infrastructure projects. Moreover, innovations in steel rebars are contributing to the market's growth, with manufacturers focusing on enhancing the product's durability, strength, and corrosion resistance. However, the market faces challenges due to the fluctuation in prices of raw materials needed to manufacture steel rebars, such as iron ore and coal.
These price volatilities can impact the profitability of steel rebar manufacturers and may lead to supply chain disruptions. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on implementing cost management strategies, exploring alternative raw material sources, and investing in research and development to offer innovative and sustainable steel rebar solutions.

What will be the Size of the Steel Rebars Market during the forecast period?

Request Free Sample

The steel rebar market continues to evolve, driven by the dynamic interplay of various factors. Applications in civil and structural engineering sectors remain a significant market driver, with infrastructure development and construction projects requiring large quantities of reinforcement bars for concrete structures. The ongoing unfolding of market activities is marked by advancements in rebar production techniques, such as hot and cold rolling, as well as the development of new steel grades and standards. Rebar diameters and lengths are continually being optimized for various applications, from high-rise buildings to residential construction. Seismic resistance and fire resistance are increasingly important considerations, leading to the adoption of new standards and technologies, such as epoxy and galvanized coatings.
Rebar testing and inspection play a crucial role in ensuring structural integrity, with the importance of quality control and certification growing. The supply chain, from steel mills to rebar distributors and fabricators, is undergoing continuous transformation, with advancements in logistics and technology streamlining the process. Green building initiatives are also influencing market dynamics, with an increasing focus on sustainable and eco-friendly construction materials. Precast concrete and prestressed concrete are gaining popularity due to their environmental benefits and improved mechanical properties. The market's continuous evolution is further underscored by advancements in rebar bending and cutting technologies, as well as the emergence of new applications, such as rebar spacing and rebar placement automation.
Overall, the steel rebar market is a vibrant and dynamic space, characterized by ongoing innovation and adaptation to changing market conditions.

How is this Steel Rebars Industry segmented?

The steel rebars industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Deformed
  Mild


Application

  Residential
  Commercial
  Public infrastructure


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The deformed segment is estimated to witness significant growth during the forecast period.

Deformed steel rebars, identified by their raised patterns like lugs, ribs, or indentations, are essential building materials for constructing infrastructure with high strength and durability. These rebars are commonly used in the construction of buildings, bridges, highways, dams, and other structures where structural integrity is paramount. The increasing urbanization in developing countries, particularly in Asia and Africa, drives the demand for new infrastructure and housing projects, leading to a significant increase in the need for deformed steel rebars. Additionally, investments in infrastructure projects such as transportation networks, bridges, and dams create high demand for high-performance reinforcement materials. BS and ASTM standards regulate the production and quality of deformed steel rebars in the US, ensuring their mechanical properties meet specifications.

Steel mills and rolling mills manufacture these rebars using hot or cold rolling processes. Rebar lengths, diameters, and grades vary depending on the application and project requirements. Yield and tensile stren