Australia Metal Keystock Market Size & Outlook, 2024-2030
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Australia metal keystock market highlights
- The Australia metal keystock market generated a revenue of USD 226.7 million in 2023 and is expected to reach USD 309.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 4.6% 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.
Metal keystock market data book summary
| Market revenue in 2023 | USD 226.7 million |
| Market revenue in 2030 | USD 309.5 million |
| Growth rate | 4.6% (CAGR from 2024 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Steel |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 0.6% of the global metal keystock market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China metal keystock market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,570.5 million by 2030.
Steel was the largest segment with a revenue share of 75.87% in 2023. Horizon Databook has segmented the Australia metal keystock market based on steel, aluminum, brass covering the revenue growth of each sub-segment from 2018 to 2030.
According to the performance benchmark report 2024 of Ai Group Research & Economics, the Australian manufacturing sector experienced 2.8% real output growth and 2.8% gross operating profits in 2023 compared to last year.
This growth was attributed to the rise in the production of food & beverages and the rise of the metal industry in the country.
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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 |
Australia metal keystock market size, by material, 2018-2030 (US$M)
Australia Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
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