Metal Products Market Growth Analysis, Latest Trends And Business Opportunity 2022 To 2030
According to The Business Research Company's metal products market report, the global metal products market reached a value of nearly $2,116.0 billion in 2020, having increased at a compound annual growth rate (CAGR) of 16.0% since 2015. The market is expected to grow from $2,116.0 billion in 2020 to $3,149.3 billion in 2025 at a rate of 8.3%. The global metal products market is then expected to grow at a CAGR of 5.7% from 2025 and reach $4,147.0 billion in 2030.
The rising price of raw materials for metal products manufacturing can hinder the market growth. Because of higher input costs, particularly raw materials such as steel, the cost of production has shot up for most manufacturers. The metal constitutes almost 70% of overall raw material consumption in sectors such as automobiles. The wholesale price of hot-rolled coil is 40% higher than in July 2020.
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The metal products market is segmented -
• By Type: Forged And Stamped Goods, Cutlery And Hand Tools, Architectural And Structural Metals, Boiler, Tank, And Shipping Container, Hardware, Spring And Wire Products, Machine Shops, Turned Product, And Screw, Nut, And Bolt, Coated, Engraved, And Heat-Treated Metal Products, Metal Valves
• By End Use: Construction, Manufacturing
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia Pacific was the largest region in the metal products market.
Major competitors in the metal products market include Schaeffler, Stanley Black & Decker, Ball Corporation, ITW, Shanghai PMC
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The metal products market consists of sales of metal products by entities (organizations, sole traders and partnerships) engaged in the manufacturing of screws, nuts, bolts, springs, wire, boilers, tanks, shipping containers, architectural and structural metal, cutlery, and hand tools.
The Table Of Content For The Metal products market Include:
1. Metal Products Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
20. Eastern Europe Metal Products Market
21. North America Metal Products Market
22. South America Metal Products Market
23. Middle East Metal Products Market
24. Africa Metal Products Market
The Business Research Company's "Global Metal Products Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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