The global demand for Brass Rods Market is presumed to reach the market size of nearly USD 15010.13 Million by 2032 from USD 10555.12 Million in 2023 with a CAGR of 3.96% under the study period 2024-2032.
Brass Rods are hollow pieces of leaded brass generally manufactured in the shape of a rod used for machining applications. These rods exhibit superior mechanical properties and are resistant to corrosion with high electrical conductivity. Since these rods are manufactured hollow, they reduce the need for drilling and boring. Hence, they are considered an economically viable option. These rods come in a wide range of sizes and find their use in the manufacture of precision tools used in electronics, sanitary ware, automotive, industrial equipment, plumbing and architecture. These rods are considered environmentally friendly.
MARKET DYNAMICS
The major driving force behind the growth of the brass rods market is the increased rate of plumbing and architectural activities carried out in the ever-expanding construction sector. The increased demand for high end electrical and electronic gadgets will further propel the growth of this market since these rods form a viable option in the manufacturing sector due to their lightweight and high strength. Rapid urbanisation and industrialization will help in the exponential growth of the market because of the increased adoption of these rods in industrial machinery. COVID-19 pandemic will have minimal impact on the market growth except for reduced production. The constraints for market growth are the corrosive nature of the rods under stress and weakening due to dezincification.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Brass Rods. The growth and trends of Brass Rods industry provide a holistic approach to this study.
MARKET SEGMENTATION
This section of the Brass Rods market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Grade
Free-Cutting Brass Rods
Forging Brass Rods
High-Tensile Brass Rods
Naval Brass Rods
Other
By Type
Extruded Rods
Hollow Rods
By End-Use
Industrial Machinery
Automotive
Electrical & Electronics
Plumbing Fittings
Other
REGIONAL ANALYSIS
This section covers the regional outlook, which accentuates current and future demand for the Brass Rods market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Brass Rods market include Hailiang Group, Mueller Industries Inc., Wieland Group, Mitsubishi Materials Corporation, Kobe Steel Ltd., Tongling Nonferrous Metals Group Holding Co Ltd, Poongsan Corp, Hi-Tech Extrusion Llp, Gold Meta Extrusion, Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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5.2. Historical and Forecast Data Analysis By Grade
5.3. Free-Cutting Brass Rods Historic and Forecast Sales By Regions
5.4. Forging Brass Rods Historic and Forecast Sales By Regions
5.5. High-Tensile Brass Rods Historic and Forecast Sales By Regions
5.6. Naval Brass Rods Historic and Forecast Sales By Regions
5.7. Other Historic and Forecast Sales By Regions
6. GLOBAL BRASS RODS MARKET ANALYSIS BY TYPE
6.1. Overview By Type
6.2. Historical and Forecast Data Analysis By Type
6.3. Extruded Rods Historic and Forecast Sales By Regions
6.4. Hollow Rods Historic and Forecast Sales By Regions
7. GLOBAL BRASS RODS MARKET ANALYSIS BY END-USE
7.1. Overview By End-Use
7.2. Historical and Forecast Data Analysis By End-Use
7.3. Industrial Machinery Historic and Forecast Sales By Regions
7.4. Automotive Historic and Forecast Sales By Regions
7.5. Electrical & Electronics Historic and Forecast Sales By Regions
7.6. Plumbing Fittings Historic and Forecast Sales By Regions
7.7. Other Historic and Forecast Sales By Regions
8. GLOBAL BRASS RODS MARKET ANALYSIS BY GEOGRAPHY
8.1. Regional Outlook
8.2. Introduction
8.3. North America Sales Analysis
8.3.1 Overview, Historic and Forecast Data Sales Analysis
8.3.2 North America By Segment Sales Analysis
8.3.3 North America By Country Sales Analysis
8.3.4 United States Sales Analysis
8.3.5 Canada Sales Analysis
8.3.6 Mexico Sales Analysis
8.4. Europe Sales Analysis
8.4.1 Overview, Historic and Forecast Data Sales Analysis
8.4.2 Europe By Segment Sales Analysis
8.4.3 Europe By Country Sales Analysis
8.4.4 United Kingdom Sales Analysis
8.4.5 France Sales Analysis
8.4.6 Germany Sales Analysis
8.4.7 Italy Sales Analysis
8.4.8 Russia Sales Analysis
8.4.9 Rest Of Europe Sales Analysis
8.5. Asia Pacific Sales Analysis
8.5.1 Overview, Historic and Forecast Data Sales Analysis
8.5.2 Asia Pacific By Segment Sales Analysis
8.5.3 Asia Pacific By Country Sales Analysis
8.5.4 China Sales Analysis
8.5.5 India Sales Analysis
8.5.6 Japan Sales Analysis
8.5.7 South Korea Sales Analysis
8.5.8 Australia Sales Analysis
8.5.9 South East Asia Sales Analysis
8.5.10 Rest Of Asia Pacific Sales Analysis
8.6. Latin America Sales Analysis
8.6.1 Overview, Historic and Forecast Data Sales Analysis
8.6.2 Latin America By Segment Sales Analysis
8.6.3 Latin America By Country Sales Analysis
8.6.4 Brazil Sales Analysis
8.6.5 Argentina Sales Analysis
8.6.6 Peru Sales Analysis
8.6.7 Chile Sales Analysis
8.6.8 Rest of Latin America Sales Analysis
8.7. Middle East & Africa Sales Analysis
8.7.1 Overview, Historic and Forecast Data Sales Analysis
8.7.2 Middle East & Africa By Segment Sales Analysis
8.7.3 Middle East & Africa By Country Sales Analysis
8.7.4 Saudi Arabia Sales Analysis
8.7.5 UAE Sales Analysis
8.7.6 Israel Sales Analysis
8.7.7 South Africa Sales Analysis
8.7.8 Rest Of Middle East And Africa Sales Analysis
9. COMPETITIVE LANDSCAPE OF THE BRASS RODS COMPANIES
9.1. Brass Rods Market Competition
9.2. Partnership/Collaboration/Agreement
9.3. Merger And Acquisitions
9.4. New Product Launch
9.5. Other Developments
10. COMPANY PROFILES OF BRASS RODS INDUSTRY
10.1. Top Companies Market Share Analysis
10.2. Market Concentration Rate
10.3. Hailiang Group
10.3.1 Company Overview
10.3.2 Company Revenue
10.3.3 Products
10.3.4 Recent Developments
10.4. Mueller Industries Inc.
10.4.1 Company Overview
10.4.2 Company Revenue
10.4.3 Products
10.4.4 Recent Developments
10.5. Wieland Group
10.5.1 Company Overview
10.5.2 Company Revenue
10.5.3 Products
10.5.4 Recent Developments
10.6. Mitsubishi Materials Corporation
10.6.1 Company Overview
10.6.2 Company Revenue
10.6.3 Products
10.6.4 Recent Developments
10.7. Kobe Steel Ltd.
10.7.1 Company Overview
10.7.2 Company Revenue
10.7.3 Products
10.7.4 Recent Developments
10.8. Tongling Nonferrous Metals Group Holding Co Ltd
10.8.1 Company Overview
10.8.2 Company Revenue
10.8.3 Products
10.8.4 Recent Developments
10.9. Poongsan Corp
10.9.1 Company Overview
10.9.2 Company Revenue
10.9.3 Products
10.9.4 Recent Developments
10.10. Hi-Tech Extrusion Llp
10.10.1 Company Overview
10.10.2 Company Revenue
10.10.3 Products
10.10.4 Recent Developments
10.11. Gold Meta Extrusion
10.11.1 Company Overview
10.11.2 Company Revenue
10.11.3 Products
10.11.4 Recent Developments
10.12. Others
10.12.1 Company Overview
10.12.2 Company Revenue
10.12.3 Products
10.12.4 Recent Developments
Note - In company profiling, financial details and recent developments are subject to availability or might not be covered in the case of private companies