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.
Metal Products Global Market Size
The global metal products market was valued at $2427.22 billion in 2017. Asia Pacific was the largest geographic region accounting for 56.01% of the global market. China was the largest country accounting for 30.44% of the global metal products market.
Metal Products Global Market Trend
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.
The companies covered are Gibraltar Industries, Mueller Industries, The Timken Company, Jiangsu Guotai International, and Toyo Seikan.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Metal Products Global Market Segmentation
The metal products market is segmented 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, and Other Fabricated Metal Product Manufacturing.
Forging And Stamping comprises establishments primarily engaged in one or more of the following: manufacturing forgings from purchased metals; manufacturing metal custom roll forming products; manufacturing metal stamped and spun products (except automotive, cans, coins); and manufacturing powder metallurgy products.
Cutlery And Hand tool Manufacturing comprises establishments primarily engaged in one or more of the following: manufacturing metal kitchen cookware (except those manufactured by casting (e.g., cast iron skillets) or stamped without further fabrication), utensils, and/or nonprecious and precious plated metal cutlery and flatware, manufacturing saw blades, all types (including those for power sawing machines), and manufacturing nonpowered hand and edge tools.
Architectural And Structural Metals Manufacturing comprises establishments primarily engaged in: fabricating metal products for structural or architectural purposes.
Boiler, Tank, And Shipping Container Manufacturing comprises establishments primarily engaged in cutting, forming and joining metal to manufacture products, such as power boilers, heat exchangers and tanks of heavy gauge metal, and cans, boxes and other light gauge metal containers.
Hardware Manufacturing comprises establishments primarily engaged in manufacturing metal hardware, such as metal hinges, metal handles, keys, and locks (except coin-operated, time locks).
Spring And Wire Product Manufacturing comprises establishments primarily engaged in manufacturing steel springs by forming, such as cutting, bending, and heat winding, metal rod or strip stock and/or manufacturing wire springs and fabricated wire products from wire drawn elsewhere (except watch and clock springs).
Machine Shops, Turned Product, And Screw, Nut, And Bolt Manufacturing comprises establishments primarily engaged in machining precision turned products or manufacturing metal bolts, nuts, screws, rivets, and other industrial fasteners. Included in this industry are establishments primarily engaged in manufacturing parts for machinery and equipment on a customized basis.
Coating, Engraving, Heat Treating, And Allied Activities comprises establishments primarily engaged in activities such as heat treating metals and metal products; enameling, lacquering, and varnishing metals and metal products; hot dip galvanizing metals and metal products and others.
Metal Valve Manufacturing comprises establishments primarily engaged in manufacturing one or more of the following metal valves: industrial valves; fluid power valves and hose fittings; plumbing fixture fittings and trim; and other metal valves and pipe fittings.
Other Fabricated Metal Product Manufacturing comprises establishments primarily engaged in manufacturing fabricated metal products (except forgings and stampings, cutlery and hand tools, architectural and structural metals, boilers, tanks, shipping containers, hardware, spring and wire products, machine shop products, turned products, screws, and nuts and bolts).