PUBLISHER: IMARC | PRODUCT CODE: 1635844
PUBLISHER: IMARC | PRODUCT CODE: 1635844
The global metal & metal manufactured products market size reached USD 13.9 Trillion in 2024. Looking forward, IMARC Group expects the market to reach USD 20.8 Trillion by 2033, exhibiting a growth rate (CAGR) of 4.6% during 2025-2033. 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.
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.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.