The growth in the gold market is driven by several factors. Economic volatility and uncertainty often lead investors to gold as a safe store of value, pushing up its price and demand. Technological advancements that lower the cost of gold extraction and processing also contribute to market growth by sustaining its supply at lower costs. Moreover, the expansion of the middle class in emerging economies boosts demand for gold jewelry and ornaments, further propelling the market. Additionally, as new uses for gold in technology and medicine are developed, its industrial demand continues to expand. Global trade policies and geopolitical tensions can also impact the gold market, influencing investor behavior and gold prices.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Gold Jewelry segment, which is expected to reach 3.0 Thousand Tonnes by 2030 with a CAGR of a 5.5%. The Gold Bars & Coins segment is also set to grow at 4.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at 1.2 Thousand Tonnes in 2023, and China, forecasted to grow at an impressive 7.5% CAGR to reach 1.4 Thousand Tonnes by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Gold Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gold Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Gold Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as AngloGold Ashanti, Barrick Gold Corporation, Furukawa Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 366 Featured):
- AngloGold Ashanti
- Barrick Gold Corporation
- Furukawa Co., Ltd.
- Gabriel Resources Ltd.
- Harmony Gold Mining Company Limited
- Jinshan Gold
- Johnson Matthey PLC
- Kinross Gold Corporation
- New Gold Inc.
- New mont Mining Corporation
- Tertiary Minerals PLC
- Vedanta Resources PLC
- Zijin Mining Group
Table of Contents
Companies Mentioned
- AngloGold Ashanti
- Barrick Gold Corporation
- Furukawa Co., Ltd.
- Gabriel Resources Ltd.
- Harmony Gold Mining Company Limited
- Jinshan Gold
- Johnson Matthey PLC
- Kinross Gold Corporation
- New Gold Inc.
- New mont Mining Corporation
- Tertiary Minerals PLC
- Vedanta Resources PLC
- Zijin Mining Group
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 284 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value in 2023 | 4.5 Thousand Tonnes |
Forecasted Market Value by 2030 | 6.3 Thousand Tonnes |
Compound Annual Growth Rate | 5.0% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |