Metal Products Global Market Report 2018

Metal Products Global Market Report 2018
Starting Price : $ 6000.00 | Pages : 250 | Published : February 2018

SKU CODE : 3327 | Format :

Metal products includes establishments primarily engaged in screw, nut, bolt, spring, wire, boiler, tank, shipping, architectural, structural metal, cutlery, hand tool manufacturing. This industry also includes forging, stamping, coating, engraving, heat treating and allied activities.

The global metal products market was valued at $2427.22 billion in 2017. Asia Pacific was the largest geographic region accounting for $1359.49 billion or 56.01% of the global market. And China was the largest country accounting for $738.85 billion or 30.44% of the global metal products market.

Many metal and mineral manufacturing companies are using robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data for improving efficiencies and reduce potential breakdowns. For instance, according to a report by Boston Consulting Group (BCG) in 2015, 1.2 million industrial robots are expected to be deployed by 2025 , thus indicating rise in automation and robotics technology adoption to improve productivity and reduce production costs.
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