Europe Metal Keystock Market Size & Outlook, 2024-2030
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Europe metal keystock market highlights
- The Europe metal keystock market generated a revenue of USD 9,740.1 million in 2023.
- The market is expected to grow at a CAGR of 4.3% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 9,740.1 million |
| Market revenue in 2030 | USD 13,000.7 million |
| Growth rate | 4.3% (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, Europe region accounted for 25.7% 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 74.2% in 2023. Horizon Databook has segmented the Europe metal keystock market based on steel, aluminum, brass covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is one of the largest markets for metal keystock on account of considerable product demand from the developed economies of Germany, the UK, Russia, Italy, Spain, and France.
According to Eurostat, industrial production grew by 0.5% in the euro area and remained stable in the EU in March 2024 compared to March 2023.
This growth was attributed to the 0.3%, 0.5%, 1.0%, and 3.9% increase in production of energy, capital goods, durable consumer goods, and non-durable consumer goods, respectively.
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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 |
Europe metal keystock market size, by country, 2018-2030 (US$M)
Europe Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
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