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Metal Products Global Market Report 2025
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Metal products encompass a category of goods characterized by properties such as a high melting point, high density and tensile strength, strong light reflectivity, malleability, ductility, as well as robust electrical and thermal conductivity. These products are typically shaped through processes including turning, drilling, milling, shaping, planning, broaching, and sawing.

The primary types of metal products include forged and stamped goods, cutlery and hand tools, architectural and structural metals, boiler, tank, and shipping containers, hardware, spring and wire products, machine shops, turned products, screws, nuts, bolts, coated, engraved, and heat-treated metal products, metal valves, and other fabricated metal products. Spring and wire products, for instance, find application in home bedding and seating. Various metal types, such as aluminum, beryllium, bismuth, cadmium, cerium, chromium, cobalt, and others, are utilized in construction, manufacturing, and other end-user industries.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The sharp rise in U.S. tariffs and the resulting trade tensions in spring 2025 are having a significant impact on the metals and minerals sector, disrupting supply chains for automakers, appliance manufacturers, and infrastructure projects. With reduced competition from imports, domestic mills have increased prices, yet capacity limitations hinder their ability to fully meet demand. At the same time, mining companies are facing challenges from retaliatory tariffs on key mineral exports, especially lithium and rare earth elements. In response, industry participants are ramping up investments in scrap metal recycling, seeking tariff exemptions, and forming joint ventures with international producers to ensure a more reliable supply chain.

The metal products market research report is one of a series of new reports from The Business Research Company that provides metal products market statistics, including metal products industry global market size, regional shares, competitors with a metal products market share, detailed metal products market segments, market trends and opportunities, and any further data you may need to thrive in the metal products industry. This metal products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metal products market size has grown steadily in recent years. It will grow from $2664.55 billion in 2024 to $2766.98 billion in 2025 at a compound annual growth rate (CAGR) of 3.8%. The growth in the historic period can be attributed to strong economic growth in emerging markets, a rapid growth in the automotive industry, rapid technological advances and expansion of the steel sector.

The metal products market size is expected to see steady growth in the next few years. It will grow to $3308.94 billion in 2029 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to the improvements in plant efficiency, increasing usage of aluminum as a lightweight and cheaper substitute, metal consumption by the aerospace sector and investment in infrastructure. Major trends in the forecast period include focusing on the launch of net zero carbon products, launch of metal additive manufacturing product, adoption of robotics and automation, use of the internet of things (IoT), adoption of new welding technologies and use of recycled metals.

The forecast of 4.6% growth over the next five years reflects a modest reduction of 0.5% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US through increased costs for fabricated structural steel components from Mexico and Vietnam, impacting construction timelines and infrastructure project budgets. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.

The metal products market has experienced significant growth, thanks to the rapid expansion of the automotive industry in recent years. The automotive sector encompasses a wide range of activities, including the design, development, manufacturing, marketing, sales, repair, and modification of motor vehicles. With the continual growth of the automotive industry, there has been an increased demand for various metal products such as sheet metal, steel, aluminum, and specialty alloys. These metals play a crucial role in vehicle manufacturing, contributing to the production of body parts, chassis components, and engine parts. As an illustration, a January 2023 report from MarkLines Co, a Japanese automotive information platform, indicated that light vehicle sales in the United States reached 1,287,280 units in December 2022, marking a 5.4% increase compared to the same month in 2021. The uptick in truck and SUV sales by 5.3% to 1,020,952 units and passenger car sales by 5.7% to 266,328 units during the same period further underscores the positive impact of increased automobile demand on the metal products manufacturing market.

Numerous metal products companies are increasingly leveraging robotics and automation to enhance plant efficiency and productivity. Robotics encompasses the interdisciplinary field of technology and engineering focused on the design, construction, operation, and utilization of robots, while automation involves employing technology to minimize human intervention in processes by predefining decision criteria, subprocess relationships, and associated actions, which are then integrated into machines. This automation ensures consistent quality in metal products. Robots excel in welding, cutting, and fabricating metal with remarkable precision, leading to fewer defects and reduced rework. As a result, companies can produce higher-quality metal products that meet or surpass industry standards. For example, in September 2023, the International Federation of Robotics (IFR), a Germany-based professional non-profit organization, reported in its latest World Robotics report that 553,052 industrial robots were installed worldwide in 2022, reflecting a 5% year-on-year growth. Of these installations, 73% were in Asia, 15% in Europe, and 10% in the Americas. Companies such as FANUC, KUKA, ABB, and Motoman provide industrial robots to the metals industry.

Major companies in the metal products market are investing in the development of innovative products. One such advancement is the introduction of wire-laser metal 3D printers, a type of 3D printer utilizing wire feedstock and laser technology to fabricate metal parts. Mitsubishi Electric Corporation, a Japan-based electronics company, launched the AZ600 in February 2022. This wire-laser metal 3D printer employs a laser beam to melt welding wire, enabling the creation of intricate 3D structures. The technology facilitates stable, high-quality 3D printing with simultaneous 5-axis spatial control and coordinated management of machining parameters. Additionally, it supports the development of maintenance repairs for specialized parts in automobiles, ships, and aircraft, enhancing efficiency through energy conservation and resource utilization while employing effective manufacturing methods such as 'near-net-shape.'

Major players in the metal products market are also investing in cutting-edge technologies, including software monitoring solutions, to cater to larger customer bases and enhance sales and revenue. Software monitoring involves a suite of software solutions designed to monitor and improve the quality of additive manufacturing processes. For instance, EOS Software, a US-based software company, introduced Smart Fusion software technology for laser powder bed fusion (LPBF) metal 3D printing in April 2023. This technology streamlines post-processing requirements, reduces material usage, eliminates most support structures, and lowers the cost-per-part (CPP) for metal additive manufacturing applications. Smart Fusion's real-time capabilities, achieved without significantly extending build time, offer a more efficient alternative to current methods, automatically adjusting laser power, detecting potential construction issues, and minimizing time and resources lost to 'trial and error' additive manufacturing.

Major companies operating in the metal products market include Stanley Black & Decker, Inc, Ball Corporation, Techtronic Industries Co. Ltd., Illinois Tool Works Inc, Schaeffler Technologies AG & Co KG, Ajmal Steel Tubes & Pipes Industries LLC, AK Steel Holding, Akar Tools Ltd, Al Jarsh Metal Section Manufacturing, AL Khaleej Metal Coat LLC, AL Shafar Steel Engineering, Alam Steel, Alcoa Corp, Algoma Steel Inc, Aperam, Apex Tools Group, ArcelorMittal, ArcelorMittal Brasil S.A, Assa Abloy AB, Avocet Steel, Baoshan Iron & Steel Co. Ltd, Baowu steel, Bekaert SA, Berkshire Hathaway Inc., Bosco Group of Companies, Cape Town Iron and Steel Works, Channellock, Inc, China International Marine Containers (Group) Ltd., Colfax, Companhia Siderurgica Nacional, Consolidated Steel Industries Ltd, Continental steel, Contitech Chile S.A, DBMSC Steel FZCO, Denholm YAM, Dofasco, Dynamic structures, Evraz, Fenster Aluminum Ltd, Flowserve, Freeport McMoranInc, Gerdau, Gibraltar Industries, Gutmann Industries LLC, Hulamin Ltd, Hyundai Steel Company, Inesa Argentina, Integrated metal products, JFE Steel Corporation, JM Enterprises, Kennametal Inc, Kobe Steel Limite, Leita Steel Ltd, Maanshan Iron and Steel Company Limited, Magnitogorsk Iron and Steel Works (MMK), Mechel, Melcast Iron and Steel Foundry, Metalloinvest, Metatrade Import and Export (Pty) Ltd, Moolaan Iron & Steel, Mueller Industries, Nanjing Hengjie Industrial Co., Ltd, Ningbo BST Metal Products Co., Ltd, Nippon Steel, Novolipetsk Steel (NLMK), Nucor Corporation, Parana Metal, POSCO, Pramec SAS, Pretoria Schmiede Cc, Qatar Steel Company, S A Iron & Steel Institute (SAISI), Schaeffler, Severstal, Shanghai Electric Group Co Ltd, Sicamar Metals Mitsui and Co, Siderca, SKF Argentina S.A, Snap-on, Sovereign Steel Manufacturing, Summit Utility Structures LLC, Suzuki Garphyttan Ab, SWR Group, Tata Steel Limited

Asia-Pacific was the largest region in the metal products market in 2024. Western Europe was the second-largest region in the metal products market. The regions covered in the metal products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the metal products market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa

The metal products market consists of sales of bars, rods, bolts, pipe fittings, and automotive parts. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Metal Products Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on metal products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Where is the largest and fastest growing market for metal products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The metal products market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.

Scope

Table of Contents

1. Executive Summary

2. Metal Products Market Characteristics

3. Metal Products Market Trends And Strategies

4. Metal Products Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market

5. Global Metal Products Growth Analysis And Strategic Analysis Framework

6. Metal Products Market Segmentation

7. Metal Products Market Regional And Country Analysis

8. Asia-Pacific Metal Products Market

9. China Metal Products Market

10. India Metal Products Market

11. Japan Metal Products Market

12. Australia Metal Products Market

13. Indonesia Metal Products Market

14. South Korea Metal Products Market

15. Bangladesh Metal Products Market

16. Thailand Metal Products Market

17. Vietnam Metal Products Market

18. Malaysia Metal Products Market

19. Singapore Metal Products Market

20. Philippines Metal Products Market

21. Hong Kong Metal Products Market

22. New Zealand Metal Products Market

23. Western Europe Metal Products Market

24. UK Metal Products Market

25. Germany Metal Products Market

26. France Metal Products Market

27. Italy Metal Products Market

28. Spain Metal Products Market

29. Spain Metal Products Market

30. Austria Metal Products Market

31. Belgium Metal Products Market

32. Denmark Metal Products Market

33. Finland Metal Products Market

34. Ireland Metal Products Market

35. Netherlands Metal Products Market

36. Norway Metal Products Market

37. Portugal Metal Products Market

38. Sweden Metal Products Market

39. Switzerland Metal Products Market

40. Eastern Europe Metal Products Market

41. Russia Metal Products Market

42. Czech Republic Metal Products Market

43. Poland Metal Products Market

44. Romania Metal Products Market

45. Ukraine Metal Products Market

46. North America Metal Products Market

47. USA Metal Products Market

48. Canada Metal Products Market

50. South America Metal Products Market

51. Brazil Metal Products Market

52. Chile Metal Products Market

53. Argentina Metal Products Market

54. Colombia Metal Products Market

55. Peru Metal Products Market

56. Middle East Metal Products Market

57. Saudi Arabia Metal Products Market

58. Israel Metal Products Market

59. Iran Metal Products Market

60. Turkey Metal Products Market

61. United Arab Emirates Metal Products Market

62. Africa Metal Products Market

63. Egypt Metal Products Market

64. Nigeria Metal Products Market

65. South Africa Metal Products Market

66. Metal Products Market Competitive Landscape And Company Profiles

67. Metal Products Market Other Major And Innovative Companies

68. Global Metal Products Market Competitive Benchmarking And Dashboard

69. Key Mergers And Acquisitions In The Metal Products Market

70. Recent Developments In The Metal Products Market

71. Metal Products Market High Potential Countries, Segments and Strategies

72. Appendix

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