Metal Manufacturing Market Global Briefing 2018

Starting Price : $ 1000.00 | Pages : 39 | Published : January 2018 | SKU CODE : 2719 | Format :

The metals manufacturing industry comprises iron and steel foundries, alumina and aluminum production and processing establishments, iron and steel products manufacturing and iron and steel mills and ferroalloy manufacturing companies.

The top five companies were ArcelorMittal, POSCO, Nippon Steel & Sumitomo Metal , JFE and TATA Steel Group. ArcelorMittal was the largest competitor in the metal manufacturing market in 2017.

The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.

The global metal manufacturing market was valued around $3924 billion in 2017. Asia Pacific was the largest region in the metal manufacturing market in 2017, accounting for around 60% market share. China was the largest country accounting for above 30% of the market.

Global metals companies are adopting and implementing the IoT technology to improve their efficiencies and drive productivity. IoT connects people, machines, and services enabling the flow of information and real-time decisions. IoT technology offers benefits such as increased asset uptime, efficient predictive maintenance and faster processing and delivery time. According to KPMG, 72% executives of global metals companies are willing to invest in IoT technologies. Growing adoption of IoT technology by global metals companies is expected to drive productivity and growth of this industry.

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