The global metal & metal manufactured products market size reached US$ 13.3 Trillion in 2023. The market is projected to reach US$ 20.4 Trillion by 2032, exhibiting a growth rate (CAGR) of 4.88% during 2023-2032. The rising product utilization in the automotive industry, increasing product adoption in the construction industry, and the introduction of 3D printing technology represent some of the key factors driving the market.
Metal refers to a naturally occurring inorganic substance found in a free state or as ores in the earth’s crust. It includes iron, sodium, potassium, calcium, copper, platinum, gold, silver, cobalt, titanium, and zinc. Metal-manufactured products are fabricated materials produced by cutting and shaping metals through various processes, such as forging, bending, welding, stamping, shearing, notching, and machining. Metal and metal-manufactured products are widely used in tools, bolts, cans, cutlery, windows, doors, pipes, electronic appliances, structural materials, vehicle parts, and surgical equipment. They are opaque, lustrous, strong, and highly durable products with excellent thermal and electrical conductivity. Metal and metal-manufactured products are also cost-effective, eco-friendly, and easy to recycle, reuse, and process. As a result, they find extensive applications across the automotive, aerospace, defense, manufacturing, healthcare, electronics, and power generation industries.
Metal refers to a naturally occurring inorganic substance found in a free state or as ores in the earth’s crust. It includes iron, sodium, potassium, calcium, copper, platinum, gold, silver, cobalt, titanium, and zinc. Metal-manufactured products are fabricated materials produced by cutting and shaping metals through various processes, such as forging, bending, welding, stamping, shearing, notching, and machining. Metal and metal-manufactured products are widely used in tools, bolts, cans, cutlery, windows, doors, pipes, electronic appliances, structural materials, vehicle parts, and surgical equipment. They are opaque, lustrous, strong, and highly durable products with excellent thermal and electrical conductivity. Metal and metal-manufactured products are also cost-effective, eco-friendly, and easy to recycle, reuse, and process. As a result, they find extensive applications across the automotive, aerospace, defense, manufacturing, healthcare, electronics, and power generation industries.
Metal & Metal Manufactured Products Market Trends
The rising product utilization in the automotive industry is one of the primary factors driving the market growth. Metal and metal-manufactured products are widely used to produce body panels, engine parts, transmission components, suspension systems, wheels, frames, axles, interior trim, reflectors, seats, brake rotors, doors, and hoods, due to their high strength, rigidity, and easy molding into complex designs that enhance vehicle safety, improve performance, and lower maintenance costs. In addition to this, the widespread adoption of advanced lightweight metals in vehicle manufacturing to increase structural efficiency, improve fuel economy, and reduce emissions is acting as another growth-inducing factor. Furthermore, the increasing product application in the construction industry to produce structural materials, beams, trusses, rafters, window frames, roof covers, claddings, heating and cooling systems, wirings, wall panels, and pipework, owing to their reliability, high tensile strength, flexibility, and eco-friendly nature is positively influencing the market growth. Additionally, the introduction of three-dimensional (3D) printing technology to manufacture metal products, which assists in reducing manufacturing costs, offering design freedom, and improving efficiency while enhancing performance and strength, is providing an impetus to the market growth. Moreover, increasing product utilization in the aerospace and defense industry to manufacture rockets, space shuttles, satellites, aircraft, helicopters, drones, tanks, missiles, and other weapons is favoring the market growth. Other factors, including increasing investment in infrastructure development activities, rising product utilization in batteries, and the widespread product adoption in the healthcare industry, are anticipated to drive the market growth further.Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the global metal & metal manufactured products market, along with forecasts at the global, regional, and country level from 2023-2032. The report has categorized the market based on product type, metal type, and end use industry.Product Type Insights:
- Wires and Cables
- Jewelry and Ornaments
- Bars and Rebars
- Sheets
- Rolls
- Pipe Fixtures and Fittings
- Pipes
- Molded Components
- Batteries
- Paints and Coatings
- Others
Metal Type Insights:
- Lithium
- Magnesium
- Aluminum
- Chromium
- Manganese
- Iron
- Cobalt
- Copper
- Zinc
- Molybdenum
- Silver
- Others
End Use Industry Insights:
- Automotive and Transportation
- Aerospace and Defense
- Marine
- Consumer Goods
- Electrical and Electronics
- Manufacturing
- Energy and Power
- Construction
- Packaging
- Pharmaceuticals
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The report has also provided a comprehensive analysis of the competitive landscape in the global metal & metal manufactured products market. Detailed profiles of all major companies have also been provided. Some of the companies covered include All Metal Sales Inc., Anglo American plc, Asarco LLC (Americas Mining Corporation), Broder Metals Group Ltd., CMOC Group Limited, Hochschild Mining plc, Indium Corporation, Interstate Metal Inc., Newmont Corporation, Proterial Ltd., Rio Tinto Group (Rio Tinto International Holdings Limited), Sierra Metals Inc., Talco Aluminium Company, etc.Key Questions Answered in This Report:
- How has the global metal & metal manufactured products market performed so far and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global metal & metal manufactured products market?
- What are the key regional markets?
- Which countries represent the most attractive metal & metal manufactured products markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the metal type?
- What is the breakup of the market based on the end use industry?
- What is the competitive structure of the global metal & metal manufactured products market?
- Who are the key players/companies in the global metal & metal manufactured products market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Metal & Metal Manufactured Products Market
6 Market Breakup by Product Type
7 Market Breakup by Metal Type
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- All Metal Sales Inc.
- Anglo American plc
- Asarco LLC (Americas Mining Corporation)
- Broder Metals Group Ltd.
- CMOC Group Limited
- Hochschild Mining plc
- Indium Corporation
- Interstate Metal Inc.
- Newmont Corporation
- Proterial Ltd.
- Rio Tinto Group (Rio Tinto International Holdings Limited)
- Sierra Metals Inc.
- Talco Aluminium Company
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | January 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 13.3 Trillion |
| Forecasted Market Value ( USD | $ 20.4 Trillion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
