The Business Research Company’s latest report Metal Products Global Market Report 2020 covers Metal Products market drivers, Metal Products market trends, Metal Products market segments, Metal Products market growth rate, Metal Products market major players, and Metal Products market size. The report provides in-depth analysis of the impact of COVID-19 on the Metal Products industry, along with revised market numbers due to the effects of the coronavirus.
Metal Products Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global metal products market is expected to decline from $2501.9 billion in 2019 to $2189.4 billion in 2020 at a compound annual growth rate (CAGR) of -12.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $2707.4 billion in 2023.
The global metal products market is segmented by type into forging and stamping, cutlery and hand tool manufacturing, architectural and structural metals manufacturing, boiler, tank, and shipping container manufacturing, hardware manufacturing, spring and wire product manufacturing, machine shops, turned product, and screw, nut, and bolt manufacturing, coating, engraving, heat treating, and allied activities, metal valve manufacturing, other fabricated metal product manufacturing, by end use into construction, manufacturing, others. Subsegments covered are iron and steel forging, nonferrous forging, custom roll forming, powder metallurgy part manufacturing, metal crown, closure, and other metal stamping, metal kitchen cookware, utensil, cutlery, and flatware, saw blade and hand tool, plate work and fabricated structural products, ornamental and architectural metal products, power boiler and heat exchanger, metal tank (heavy gauge), metal can, box, and other metal container (light gauge), furniture hardware, motor vehicle hardware, builder`s hardware, other hardware manufacturing, spring manufacturing, other fabricated wire product manufacturing, machine shops, turned product and screw, nut, and bolt, metal heat treating, metal coating, engraving and allied services to manufacturers, electroplating, plating, polishing, anodizing, and coloring, industrial valve manufacturing, fluid power valve and hose fitting manufacturing, plumbing fixture fitting and trim manufacturing, other metal valve and pipe fitting manufacturing, ball and roller bearing manufacturing, fabricated pipe and pipe fitting manufacturing, all other miscellaneous fabricated metal product manufacturing.
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