India Metal Keystock Market Size & Outlook, 2024-2030
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India metal keystock market highlights
- The India metal keystock market generated a revenue of USD 1,094.8 million in 2023 and is expected to reach USD 1,570.5 million by 2030.
- The India market is expected to grow at a CAGR of 5.3% 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.
Metal keystock market data book summary
| Market revenue in 2023 | USD 1,094.8 million |
| Market revenue in 2030 | USD 1,570.5 million |
| Growth rate | 5.3% (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, India accounted for 2.9% 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 76.53% in 2023. Horizon Databook has segmented the India metal keystock market based on steel, aluminum, brass covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for metal keystock in India is expected to grow over the forecast period, owing to the significant growth of the construction, automotive, and manufacturing industries in the country.
The automotive industry in India is undergoing several changes and the majority of manufacturers are focusing on the production of esthetically appealing, fuel efficient vehicles to meet the changing consumer demand.
Furthermore, increasing investments in research & development (R&D) and production of electric vehicles (EVs) are likely to propel the demand for metal keystock over the projected 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 |
India metal keystock market size, by material, 2018-2030 (US$M)
India Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
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