Metal & Metal Manufactured Products Market Share and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled, "Metal & Metal Manufactured Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The study provides a detailed analysis of the industry, including the global metal & metal manufactured products market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the metal & metal manufactured products market?

The global metal & metal manufactured products market size reached US$ 12.57 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 17.34 Trillion by 2028, exhibiting a growth rate (CAGR) of 5.42% during 2023-2028.

What is metal & metal manufactured products?

A naturally occurring inorganic material known as metal is frequently discovered in the earth's crust as ores or in its free state. Silver, copper, platinum, iron, gold, cobalt, zinc, sodium, potassium, and calcium are among its constituent elements. While cutting and shaping metals through forging, stamping, welding, bending, machining, notching, and shearing are used to create metal-manufactured items. They are commonly employed in surgical instruments, cutlery, windows, doors, pipes, structural components, tools, bolts, cans, and electronic goods. They are ecological, strong, durable, lustrous, opaque, cost-effective, easy to reuse, recycle, and process, and provide excellent electrical and thermal conductivity. Nowadays, metal and metal-manufactured products find widespread application in the manufacturing, healthcare, electronics, automotive, power generation, aerospace, and defense sectors.

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What are the growth prospects and trends in the metal & metal manufactured products industry?

Due to the product's rigidity, strength, and capacity to be moulded into intricate patterns that increase vehicle safety, lower maintenance costs, and improve performance, metal and metal-manufactured items are being used in the automotive industry, which is the key factor driving the market. It is frequently used for body panels, wheels, doors, axles, reflectors, frames, suspension systems and engine and gearbox elements. Additionally, the extensive use of cutting-edge lightweight metals in car manufacturing to boost economies, reduce emissions, and promote structural efficiency is fostering market expansion. Moreover, the emergence of three-dimensional (3D) printing technology offers design freedom, reduces production costs, and improves efficiency while enhancing performance and strength, represents another major growth-inducing factor. Besides this, the rising product demand in the aerospace and defense sector to manufacture satellites, helicopters, tanks, space shuttles, rockets, drones, and aircraft is providing a positive thrust to market growth. Furthermore, the significant expansion in the construction and healthcare industry and extensive investment in infrastructure development activities are propelling the market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

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

Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

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.

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