Metal Products Market Report 2026

The metal products market size has grown steadily in recent years. It will grow from $2.76 trillion in 2025 to $2.87 trillion in 2026 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to growth of construction industry, expansion of manufacturing sector, rising demand for fasteners and hardware, increased adoption of structural metals, growth of industrial machinery and equipment manufacturing.

The metal products market size is expected to see steady growth in the next few years. It will grow to $3.47 trillion in 2030 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to rise in infrastructure development projects, increasing demand for custom metal fabrications, growth of renewable energy installations, expansion of precision engineering applications, adoption of advanced manufacturing technologies. Major trends in the forecast period include growing demand for forged and stamped metal products, increasing use of precision machined and cnc components, expansion of architectural and structural metal applications, rising adoption of metal hardware and fasteners, focus on specialty metal products and custom fabrications.

The growing automobile sales are anticipated to drive the expansion of the metal products market in the coming years. Vehicles require extensive use of metal components, such as steel and aluminum, in their bodies, chassis, frames, and structural parts, making the automotive sector one of the largest global consumers of metal products. An increase in vehicle demand results in higher manufacturing activity, which in turn boosts the need for metal fabrication, processing, and component production. Moreover, the trend toward SUVs, trucks, and technologically advanced vehicles further elevates metal usage due to their larger size and enhanced structural and safety features. For example, in March 2025, the European Automobile Manufacturers’ Association (ACEA) reported that in 2024, global car sales reached 74.6 million units, representing a 2.5% increase compared to 2023. Consequently, the rising demand for automobiles is fueling the growth of the metal products market.

Numerous metal products companies are increasingly leveraging robotics and automation to enhance plant efficiency and productivity. Robotics encompasses the interdisciplinary field of technology and engineering focused on the design, construction, operation, and utilization of robots, while automation involves employing technology to minimize human intervention in processes by predefining decision criteria, subprocess relationships, and associated actions, which are then integrated into machines. This automation ensures consistent quality in metal products. Robots excel in welding, cutting, and fabricating metal with remarkable precision, leading to fewer defects and reduced rework. As a result, companies can produce higher-quality metal products that meet or surpass industry standards. For example, in September 2023, the International Federation of Robotics (IFR), a Germany-based professional non-profit organization, reported in its latest World Robotics report that 553,052 industrial robots were installed worldwide in 2022, reflecting a 5% year-on-year growth. Of these installations, 73% were in Asia, 15% in Europe, and 10% in the Americas. Companies such as FANUC, KUKA, ABB, and Motoman provide industrial robots to the metals industry.

In September 2025, Cornerstone Building Brands Inc., a US-based manufacturer of exterior building products, acquired Metal Sales Manufacturing Corporation for an undisclosed amount. Through this acquisition, Cornerstone intends to expand its presence in the metal products market - particularly in metal building systems and components - by leveraging Metal Sales’ extensive multi-channel distribution network and manufacturing footprint, thereby improving its ability to serve customers in the high-growth residential and commercial metal building sector. Metal Sales Manufacturing Corporation is a US-based company that manufactures metal building systems and components with a nationwide reach.

Major companies operating in the metal products market report are Stanley Black & Decker, Inc, Illinois Tool Works Inc, Techtronic Industries Co. Ltd., Schaeffler Technologies AG & Co. KG, Assa Abloy AB, Apex Tool Group, Channellock, Inc, Snap-on, Kennametal Inc, Flowserve Corporation, Ball Corporation, China International Marine Containers (Group) Ltd., Bekaert SA, Gibraltar Industries, Consolidated Steel Industries Ltd, AL Shafar Steel Engineering, Ajmal Steel Tubes & Pipes Industries LLC, Fenster Aluminum Ltd, Dynamic Structures, Ningbo BST Metal Products Co., Ltd, Mueller Industries, Suzuki Garphyttan AB.

Asia-Pacific was the largest region in the metal products market in 2025. Western Europe was the second-largest region in the metal products market. The regions covered in the metal products market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal products market are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The metal products market consists of sales of bars, rods, bolts, pipe fittings, and automotive parts. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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