Canada Metal Keystock Market Size & Outlook, 2024-2030
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Canada metal keystock market highlights
- The Canada metal keystock market generated a revenue of USD 798.5 million in 2023 and is expected to reach USD 1,067.8 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.5% 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.
Metal keystock market data book summary
| Market revenue in 2023 | USD 798.5 million |
| Market revenue in 2030 | USD 1,067.8 million |
| Growth rate | 4.5% (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, Canada accounted for 2.1% 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 North America, U.S. metal keystock market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,573.6 million by 2030.
Steel was the largest segment with a revenue share of 72.9% in 2023. Horizon Databook has segmented the Canada metal keystock market based on steel, aluminum, brass covering the revenue growth of each sub-segment from 2018 to 2030.
The Canada metal keystock market is experiencing growth with the country's expanding industrial and construction sectors. The manufacturing sector in Canada is anticipated to witness growth trends as a majority of the manufacturers aim to invest in new equipment and machinery to gain a competitive advantage globally over the forecast period.
Manufacturers are also investing heavily in the research & development of new products and processes to create a sustainable competitive edge. This growing trend is anticipated to significantly boost manufacturing activities in Canada in the coming years.
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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 |
Canada metal keystock market size, by material, 2018-2030 (US$M)
Canada Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
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