The global metal manufacturing market is expected to decline from $3570.2 billion in 2019 to $3117.1 billion in 2020 at a compound annual growth rate (CAGR) of -12.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $3915.3 billion in 2023.
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The metals manufacturing market consists of sales of metals by entities ((organizations, sole traders and partnerships) that operate iron and steel foundries, iron and steel mills, and/or ferroalloy manufacturing businessess; and/or entities that undertake alumina and aluminum production and processing.
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The metal manufacturing market report also gives in-depth analysis of the impact of COVID-19 on the market. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. A highly experienced and expert team of analysts and modelers provides market analysis and forecasts. The reports identify top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Some of the major players of the metal manufacturing market are Arcelor Mittal, POSCO, Nippon Steel & Sumitomo Metal, JFE, TATA Steel Group.
The global metal manufacturing market is segmented by type into iron and steel mills and ferroalloy manufacturing, nonferrous metal production and processing, alumina and aluminum production and processing, foundries, steel product manufacturing, by end use into construction, manufacturing, others.
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The metal manufacturing market report describes and explains the global metal manufacturing market and covers 2015 to 2020, termed the historic period, and 2020 to 2025 termed the forecast period, along with further forecasts for the period 2025-2030. The metal manufacturing report evaluates the market across each region and for the major economies within each region.
The countries covered in the global metal manufacturing market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam.
The regions covered in the global metal manufacturing market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Full Report Includes
- Executive Summary
- Report Structure
- Metal Manufacturing Market Characteristics
- Metal Manufacturing Market Product Analysis
- Metal Manufacturing Market Supply Chain
- Key Mergers And Acquisitions In The Metal Manufacturing Market
- Market Background: Machinery Manufacturing Market
- Copyright And Disclaimer
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