Metal & Metal Manufactured Products Market by Product Type (Wires and Cables, Jewelry and Ornaments, Bars and Rebars, Sheets, Rolls, Pipe Fixtures and Fittings, Pipes, Molded Components, Batteries, Paints and Coatings, and Others), Metal Type (Lithium, Ma

Metal & Metal Manufactured Products Market by Product Type (Wires and Cables, Jewelry and Ornaments, Bars and Rebars, Sheets, Rolls, Pipe Fixtures and Fittings, Pipes, Molded Components, Batteries, Paints and Coatings, and Others), Metal Type (Lithium, Magnesium, Aluminum, Chromium, Manganese, Iron, Cobalt, Copper, Zinc, Molybdenum, Silver, and Others), End Use Industry (Automotive and Transportation, Aerospace and Defense, Marine, Consumer Goods, Electrical and Electronics, Manufacturing, Energy and Power, Construction, Packaging, Pharmaceuticals, and Others), and Region 2023-2028

Market Overview:

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. The rising product utilization in the automotive industry, increasing product adoption in the construction industry, and the introduction of 3D printing technology represent some of the key factors driving the market.

Metal refers to a naturally occurring inorganic substance found in a free state or as ores in the earth’s crust. It includes iron, sodium, potassium, calcium, copper, platinum, gold, silver, cobalt, titanium, and zinc. Metal-manufactured products are fabricated materials produced by cutting and shaping metals through various processes, such as forging, bending, welding, stamping, shearing, notching, and machining. Metal and metal-manufactured products are widely used in tools, bolts, cans, cutlery, windows, doors, pipes, electronic appliances, structural materials, vehicle parts, and surgical equipment. They are opaque, lustrous, strong, and highly durable products with excellent thermal and electrical conductivity. Metal and metal-manufactured products are also cost-effective, eco-friendly, and easy to recycle, reuse, and process. As a result, they find extensive applications across the automotive, aerospace, defense, manufacturing, healthcare, electronics, and power generation industries.

Metal & Metal Manufactured Products Market Trends:

The rising product utilization in the automotive industry is one of the primary factors driving the market growth. Metal and metal-manufactured products are widely used to produce body panels, engine parts, transmission components, suspension systems, wheels, frames, axles, interior trim, reflectors, seats, brake rotors, doors, and hoods, due to their high strength, rigidity, and easy molding into complex designs that enhance vehicle safety, improve performance, and lower maintenance costs. In addition to this, the widespread adoption of advanced lightweight metals in vehicle manufacturing to increase structural efficiency, improve fuel economy, and reduce emissions is acting as another growth-inducing factor. Furthermore, the increasing product application in the construction industry to produce structural materials, beams, trusses, rafters, window frames, roof covers, claddings, heating and cooling systems, wirings, wall panels, and pipework, owing to their reliability, high tensile strength, flexibility, and eco-friendly nature is positively influencing the market growth. Additionally, the introduction of three-dimensional (3D) printing technology to manufacture metal products, which assists in reducing manufacturing costs, offering design freedom, and improving efficiency while enhancing performance and strength, is providing an impetus to the market growth. Moreover, increasing product utilization in the aerospace and defense industry to manufacture rockets, space shuttles, satellites, aircraft, helicopters, drones, tanks, missiles, and other weapons is favoring the market growth. Other factors, including increasing investment in infrastructure development activities, rising product utilization in batteries, and the widespread product adoption in the healthcare industry, are anticipated to drive the market growth further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global metal & metal manufactured products market, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type, metal type, and end use industry.

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
 

The report has also provided a detailed breakup and analysis of the metal & metal manufactured products market based on the product type. This includes wires and cables, jewelry and ornaments, bars and rebars, sheets, rolls, pipe fixtures and fittings, pipes, molded components, batteries, paints and coatings, and others. According to the report, bars and rebars represented the largest segment.

Metal Type Insights: 

Lithium
Magnesium
Aluminum
Chromium
Manganese
Iron
Cobalt 
Copper
Zinc
Molybdenum
Silver
Others
 

A detailed breakup and analysis of the metal & metal manufactured products market based on the metal type has been provided in the report. This includes lithium, magnesium, aluminum, chromium, manganese, iron, cobalt, copper, zinc, molybdenum, silver, and others. According to the report, iron accounted for the largest market share.

End Use Industry Insights: 

Automotive and Transportation
Aerospace and Defense
Marine
Consumer Goods
Electrical and Electronics
Manufacturing
Energy and Power
Construction
Packaging
Pharmaceuticals
Others
 

A detailed breakup and analysis of the metal & metal manufactured products market based on the end use industry has been provided in the report. This includes automotive and transportation, aerospace and defense, marine, consumer goods, electrical and electronics, manufacturing, energy and power, construction, packaging, pharmaceuticals, and others. According to the report, construction accounted for the largest market share.

Regional Insights: 

North America 

United States
Canada


Asia Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others


Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others


Latin America

Brazil
Mexico
Others


Middle East and Africa
 

The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and Middle East and Africa. According to the report, Asia Pacific was the largest market for metal & metal manufactured products. Some of the factors driving the Asia Pacific metal & metal manufactured products market include rapid industrialization, increasing infrastructural development activities, and the rising product demand from various end use industries.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global metal & metal manufactured products market. Detailed profiles of all major companies have also been provided. Some of the companies covered include 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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report:
How has the global metal & metal manufactured products market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global metal & metal manufactured products market?
What are the key regional markets?
Which countries represent the most attractive metal & metal manufactured products markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the metal type?
What is the breakup of the market based on the end use industry?
What is the competitive structure of the global metal & metal manufactured products market?
Who are the key players/companies in the global metal & metal manufactured products market?