Global Precious Metals Market 2024-2028

Global Precious Metals Market 2024-2028

Precious Metals Market 2024-2028

The precious metals market is forecasted to grow by USD 106.3 bn during 2023-2028, accelerating at a CAGR of 6.78% during the forecast period. The report on the precious metals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by precious metals proving to be safe-haven during economic uncertainty, growing use of precious metals in electronics, renewable energy, and medical sectors, and rising middle-class populations.

Technavio's precious metals market is segmented as below:

• By Type
• Gold
• Silver
• Platinum group metals
• By Application
• Industrial
• Jewelry
• Investment
• By Geographical Landscape
• APAC
• North America
• Europe
• Middle East and Africa
• South America

This study identifies the growing environmental, social, and governance (ESG) focus as one of the prime reasons driving the precious metals market growth during the next few years. Also, involvement of blockchain for tracing origins of precious metals and increasing shift toward renewable energy and electric vehicles will lead to sizable demand in the market.

The report on the precious metals market covers the following areas:

• Precious metals market sizing
• Precious metals market forecast
• Precious metals market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading precious metals market vendors that include Anglo American Platinum Ltd., Bal Group, Barrick Gold Corp., First Majestic Silver Corp., First Quantum Minerals Ltd., Freeport McMoRan Inc., Gabriel Resources Ltd., Glencore PLC, Gold Fields Ltd., Harmony Gold Mining Co. Ltd., Impala Platinum Holdings Ltd., Kinross Gold Corporation, Lundin Mining Corp., Lynas Rare Earths Ltd., Namibia Critical Metals Inc., Neo Performance Materials Inc., Newcrest Mining Ltd., Newmont Corp., Northern Minerals Ltd., and Pan American Silver Corp.. Also, the precious metals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.