China Metal Keystock Market Size & Outlook, 2024-2030
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China metal keystock market highlights
- The China metal keystock market generated a revenue of USD 7,742.2 million in 2023 and is expected to reach USD 10,929.3 million by 2030.
- The China market is expected to grow at a CAGR of 5.2% 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 7,742.2 million |
| Market revenue in 2030 | USD 10,929.3 million |
| Growth rate | 5.2% (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, China accounted for 20.4% 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 75.15% in 2023. Horizon Databook has segmented the China metal keystock market based on steel, aluminum, brass covering the revenue growth of each sub-segment from 2018 to 2030.
Major industries contributing to the China’s economic growth include manufacturing, mining, energy, and agriculture. The country has emerged as one of the promising markets in Asia Pacific, due to the presence of favorable government policies that promote investments in the industrial sector.
Furthermore, factors such as population growth, rapid urbanization, and rising disposable incomes play an important role in developing the country’s construction sector.
Thus, with a rise in industrial and construction activities in the country, the metal keystock market is expected to witness growth over the forecast period.
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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 |
China metal keystock market size, by material, 2018-2030 (US$M)
China Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
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