Asia Pacific Metal Keystock Market Size & Outlook
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Asia Pacific metal keystock market highlights
- The Asia Pacific metal keystock market generated a revenue of USD 14,811.0 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, steel was the largest revenue generating material in 2023.
- Steel is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 14,811.0 million |
| Market revenue in 2030 | USD 20,614.4 million |
| Growth rate | 5% (CAGR from 2024 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Steel |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Steel, Aluminum, Brass |
| Key market players worldwide | Ruland, Purvis Industries, G.L. Huyett, MW Industries, G&G Manufacturing Company |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 39.1% of the global metal keystock market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 20,614.4 million by 2030.
Steel was the largest segment with a revenue share of 75.2% in 2023. Horizon Databook has segmented the Asia Pacific metal keystock market based on steel, aluminum, brass covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Fund, Asia Pacific is the fastest-growing region in the world, accounting for over two-thirds of the global economic growth. The metal keystock industry in the region is primarily driven by automotive, industrial machinery, and construction applications.
According to the World Bank, Asia Pacific is the fastest-growing region in terms of both population and economic expansion.
Rapid urbanization, increasing investments by governments, and rising consumer spending have boosted the region’s economy, thereby boosting the industrial and manufacturing sectors.
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Metal Keystock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| G&G Manufacturing Company | View profile | 11-50 | Omaha, Nebraska, United States, North America | https://www.ggmfg.com/ |
| G.L. Huyett | View profile | 101-250 | Minneapolis, Kansas, United States, North America | http://huyett.com |
| Purvis Industries | View profile | 501-1000 | Dallas, Texas, United States, North America | https://www.purvisindustries.com/ |
| Ruland | View profile | 101-250 | Marlborough, Massachusetts, United States, North America | http://www.ruland.com |
| MW Industries | View profile | 5001-10000 | Charlotte, North Carolina, United States, North America | http://www.mwcomponents.com |
Asia Pacific metal keystock market size, by country, 2018-2030 (US$M)
Asia Pacific Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
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