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Dec 02, 2023

Metal & Metal Manufactured Products Market 2023

According to the latest report by IMARC Group, titled, “ Metal & Metal

According to the latest report by IMARC Group, titled, "Metal & Metal Manufactured Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", 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.

Metal is a naturally occurring inorganic substance commonly found in a free state or as ores in the earth's crust. It includes silver, copper, platinum, iron, gold, cobalt, zinc, sodium, potassium, and calcium. On the other hand, metal-manufactured products are produced by cutting and shaping metals through forging, stamping, welding, bending, machining, notching, and shearing. They are widely used in cutlery, windows, doors, pipes, structural materials, tools, bolts, cans, electronic appliances, vehicle parts, and surgical equipment. 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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Metal & Metal Manufactured Products Market Trends and Drivers:

The market is primarily driven by the increasing utilization of metal and metal-manufactured products in the automotive industry due to the rigidity of the product, strength, and ability to mold into complex designs that improve vehicle safety, reduce maintenance costs, and enhance performance. It is widely used for engine parts, transmission components, frames, reflectors, axles, suspension systems, body panels, wheels, and doors. In addition, the widespread adoption of advanced lightweight metals in vehicle production to increase structural efficiency, minimize emissions, and improve economies is contributing to market growth. 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.

Metal & Metal Manufactured Products Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

The report has segmented the market based on product type, metal type, and end use industry.

Product Type Insights:

Metal Type Insights:

End Use Industry Insights:

Breakup by Region:

Key highlights of the report:

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact us:

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