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The global steel wire market size was valued at USD 91.33 billion in 2018 and is expected to reach USD 112.14 billion by 2026, exhibiting a CAGR of 2.7% during the forecast period. Increasing construction activities in the residential sector and rising government spending in emerging economies may foster market growth. Fortune Business Insights™ provides this information in its report titled “Steel Wire Market, 2019-2026.” Information Source- https://www.fortunebusinessinsights.com/steel-wire-market-102581 Segmentation Carbon Steel Segment to Dominate Owing to Rising Applications from the Construction Industry By grade, the market is segmented into carbon steel, stainless steel, and flat steel, alloy steel. The carbon steel segment is expected to dominate due to its rising applications in the construction sector. Further, technological advancements have enhanced the product’s quality, thereby facilitating segmental growth. Construction Segment to Dominate Owing to Increasing Commercial and Residential Projects As per the end-use industry, the market is classified into automotive, construction, energy, agriculture, and others. The construction segment is expected to dominate due to rising residential and commercial projects globally. Furthermore, rapid infrastructure development globally is expected to facilitate segmental growth. Regionally, the market is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Report Coverage The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players. Drivers and Restraints Rising Focus on Infrastructure Development to Foster Market Growth Steel wire is used to reinforce and strengthen building structures. A rising focus on infrastructure development in major countries is expected to foster the demand for the material. Furthermore, increasing residential and commercial projects by private and government firms are likely to escalate the material’s demand. Moreover, the rapid development of hospitals, offices, schools, and industries is expected to foster the wire’s sales. Also, the rising adoption of steel wire for the construction of dams, towers, and bridges is expected to foster its adoption. These factors may drive the steel wire market growth. However, the rising adoption of plastic ropes compared to their steel counterpart is expected to hamper the industry’s growth. Regional Insights Strong Demand for Construction Projects to Foster Market Growth in North America North America is expected to dominate the steel wire market share due to the robust demand for construction projects. The market in North America stood at USD 8.24 billion in 2018 and is expected to gain a huge portion of the global market share in the upcoming years. These factors may propel market growth in the region. In Europe, the presence of several significant manufacturing companies is expected to bolster steel wire demand. Further, the increasing adoption of the material for automobile applications is expected to boost industry growth. In Asia Pacific, the rising focus on infrastructure development by the governments of respective countries is expected to elevate steel wire production. This factor may propel industry growth in the region. Competitive Landscape Companies Announce Novel Products to Boost Brand Image The prominent companies operating in the market announce novel products to boost their brand image. For example, WireCo. announced TURBOLITE M, 8-strand steel ropes, in March 2019. The product targets the mining industry to strengthen the weight ratio while being lightweight compared to normal steel ropes. This launch may allow the company to attract consumers and elevate its brand image. Furthermore, manufacturers devise research and development, mergers, acquisitions, partnerships, and innovations to bolster their market position. Key Industry Development July 2022: JSL shall provide nearly 3,500 stainless steel wires to the Indian railway project for the Udhampur-Srinagar-Baramula Rail Link (USBRL) Tunnel Project. List of Key Players Profiled in the Market Report ArcelorMittal (Luxembourg) Bridon-Bekaert (Belgium) The Heico Companies (U.S.) Optimus Steel (U.S.) HBIS Group Co., Ltd. (China) Kobe Steel, Ltd. (Japan) WireCo WorldGroup Inc. (U.S.) JFE Steel Corporation (Japan) Nippon Steel (Japan) Insteel Industries (U.S.) SHAGANG GROUP Inc. (China) Byelorussian Steel Works (Belarus) Ferriere Nord S.p.a. (Italy)

The global surgical tables market size is expected to reach USD 1,204.2 million by 2026, exhibiting a CAGR of 3.8% during the forecast period. the market stood at USD 896.8 million in 2018. Combined with the market analysis capabilities and knowledge integration with the relevant findings, the report has foretold the robust surgical tables market growth, and all articulated with geographical and merchandise segments. Moreover, it also shows different procedures and strategies, benefactors and dealers working in the market, explores components convincing market development, generation patterns, and following systems. Additionally, the figures and topics covered in this report are both all-inclusive and reliable for the readers. Access Full Report: https://www.fortunebusinessinsights.com/industry-reports/operating-table-market-101246 Key Industry Development IMRIS Installations, in conjunction with HillRom Services, Inc., announced the launch of a new imaging table, which will incorporate IMRIS magnetic resonance neurosurgical tabletop with Hill-Rom's TruSystem 7500 operating table platform. HillRom Services, Inc., announced the launch of a new speciality surgical table, Allen Advance Table Lateral System which complements the current line of Allen Advanced Table. An operating room offers technologically advanced equipment to surgeons for performing surgical procedures with efficiency. An operating table plays an important role in surgical procedures and is considered essential equipment. The surgical table requires advanced technology and high-end specifications with an aim to enable healthcare providers to perform different types of procedures. Furthermore, the rising focus of market players towards the introduction of advanced surgical tables will promote the healthy growth of the market. For instance, Hill-Rom Holdings, Inc., a manufacturer of hospital beds, furniture, and other healthcare equipment, announced the acquisition of Trumpf Medical in 2014, which propelled the company to one of the leading players in the surgical tables market. In addition, the sale of these surgical products will strengthen the company’s product portfolio, which, in turn, will create growth opportunities for the market. Launch of Allen Advance Table Lateral System to Speed Up Growth Process Surgical tables usually last for 10 to 15 years and require replacement after its lifecycle. They are thus creating demand for new advanced surgical tables, which in turn will boost the surgical tables market trends. The rapid advancements in surgical tables by market players and the introduction of procedure-specific operating tables have further led to the replacement of obsolete models with advanced surgical tables. Furthermore, in Jan 2017, Hill-Rom Surgical Solutions announced the launch of the Allen Advance Table Lateral System, a unique new offering to complement the Allen Advance Table. The launch of the innovative  Advance Table Lateral System will accelerate the surgical tables market revenue owing to the performance upgraded advancement in the system. For instance, Dr. Dirk Ehlers, president of Hill-Rom Surgical Solutions said in a statement, “Our new Advance Table Lateral System is designed for lateral approaches in spinal surgery, and the System provides a flexing, lateral platform and allows for a unique 90° rotation of the patient from lateral directly into a prone position when used with the Allen Advance Table." Request a Sample Copy of the Research Report: https://www.fortunebusinessinsights.com/enquiry/sample/operating-table-market-101246 Demand for Imaging And Specialty Surgery Tables to Boost Growth in North America The market in North America generated a revenue of USD 278.8 million in 2018 and is projected to grow radically in the forthcoming years owing to the rising demand for powered surgical tables. The integration of hybrid operating rooms in hospitals will further boost surgical tables' market share in North America. The rising demand for imaging and speciality surgery tables in the U.S. and Canada will also accelerate revenue in the region. In addition, an increasing number of ambulatory surgery centres in the U.S. and the expansion of pre-existing hospitals will augment the healthy growth of the market in North America.

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