How Global Metal Manufacturing Market Players Should Strategize For 2022-2031

The global metal manufacturing market size is expected to grow from $3.02 trillion in 2021 to $3.43 trillion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global metal manufacturing market size is expected to grow to $4.54 trillion in 2026 at a CAGR of 7.3%.

What is the Global Metal Manufacturing Market?

The metals manufacturing market consists of sales of metals by entities ((organizations, sole traders and partnerships) that operate iron and steel foundries, iron and steel mills, and/or ferroalloy manufacturing businesses, and/or entities that undertake alumina and aluminum production and processing.

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What drives the Global Metal Manufacturing Market?

Industrial robotics is gaining traction among companies in the metals industry. This is mainly because industrial robotics aids companies in reducing labor costs, improving workplace safety, and driving productivity and efficiency. Industrial robots have widespread applications in the metals industry performing tasks such as material handling, arc welding, spot welding, cutting, and press tending. According to a KPMG report, 42% of executives of global metals companies are willing to invest significantly in robotics. Examples of companies offering industrial robots to metals companies include FANUC, KUKA, ABB, and Motoman.

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Global Metal Manufacturing Market Segments
The global metal manufacturing market is segmented:
By Type: Iron and Steel Mills and Ferroalloy Manufacturing, Nonferrous Metal Production and Processing, Alumina and Aluminum Production and Processing, Foundries, Steel Product Manufacturing
By Metal Type: Aluminum, Beryllium, Bismuth, Cadmium, Cerium, Chromium, Cobalt, Others
By End-User: Construction, Manufacturing, Others
By Geography: The regions covered in the metal manufacturing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Metal Manufacturing Global Market Report 2022provides market size and growth forecasts for the global metal manufacturing market, global metal manufacturing market share, metal manufacturing market segments and geographies, metal manufacturing market competitive landscape including leading competitors’ revenues, profiles and market shares. The metal manufacturing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Metal Manufacturing Industry Playersinclude Arcelor Mittal, POSCO, Nippon Steel & Sumitomo Metal, JFE, and TATA Steel Group. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.