U.S (New York)– The “Metal and Metal Manufactured Products Market ” 2023 research report appears to cover various aspects of the market, including the strategies of top players, market segments, competitive landscape, manufacturing, and pricing structures. In this report, we will provide an in-depth analysis of the current state of the global Metal and Metal Manufactured Products Market , its key drivers and challenges, and its future prospects. This study contains research on market dynamics, such as SWOT, PESTLE, and Porter’s Five Forces analysis, as well as details about drivers, constraints, trends, and opportunities. These studies may assist in providing a thorough overview of the worldwide industry. Additionally, the key segments of the industry are evaluated according to their performance.
Various metals are extracted via mining from their particular ores present in the earth’s crust and can be categorized into ferrous and nonferrous metals based on their iron composition. Metals are further processed via casting, forming, or joining methods to form metal manufactured products such as wire & cable, jewelry & ornaments, bars, sheets, rolls, pipes, fixtures & fittings, rebar, molded components, and others. Conversely, rise in demand for metals in emerging economies and increase in use of recycled metal & related products are the factors representing great opportunities for the growth of the market.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The growth of the global metal & metal manufactured products market is majorly driven by increase in demand from various end-use sectors, such as & aviation, healthcare, electrical & electronics, energy & power, infrastructure, personal care, and others. Moreover, technological advancements and surge in demand for metals & metal manufactured products from the automotive industry are other factors supporting the expansion of the global market. However, volatility in raw material prices and increase in competition from substitutes are anticipated to hamper the market growth during the analysis period.
The report segments the global metal & metal manufactured products market based on metal type, product, and geography. By metal type, the market is categorized into aluminum, beryllium, bismuth, cadmium, cerium, chromium, cobalt, gold, indium, iron, lead, lithium, magnesium, manganese, mercury, and molybdenum. On the basis of metal manufactured product type, it is fragmented into wires & cables, jewelry & ornaments, electrical & electronics, bars, sheets, rolls, pipe fixture & fittings, pipes, molded components, rebar, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Comprehensive competitive analysis and profiles of major market players (manufacturers and key users of metal & related products) in each country is detailed thoroughly in the report.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the global metal & metal manufactured products market from 2017 to 2023, in terms of value and volume.
Detailed analysis of the market by type helps to understand the various types of metals & related products that are currently in use, along with the variants that are expected to gain prominence in the future.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to offer a competitive advantage to stakeholders to make profit-oriented business decisions and help strengthen their supplier and buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
Key Market Segments:
By Metal Type
Aluminum
Beryllium
Bismuth
Cadmium
Cerium
Chromium
Cobalt
Gold
Indium
Iron
Lead
Lithium
Magnesium
Manganese
Mercury
Molybdenum
By Metal Manufactured Product Type
Wires & Cables
Jewelry & Ornaments
Electrical & Electronics
Bars
Sheets
Rolls
Pipe Fixture & Fittings
Pipes
Molded Components
Rebar
Others
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By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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