Japan Metal Keystock Market Size & Outlook, 2024-2030
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Japan metal keystock market highlights
- The Japan metal keystock market generated a revenue of USD 2,127.7 million in 2023 and is expected to reach USD 2,932.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 4.8% 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 2,127.7 million |
| Market revenue in 2030 | USD 2,932.3 million |
| Growth rate | 4.8% (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, Japan accounted for 5.6% 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 75.63% in 2023. Horizon Databook has segmented the Japan 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 Japan is expected to grow at a slower pace in comparison to countries such as China, India, and Indonesia, owing to the slow growth of end-user industries in the country.
The Japanese industrial machinery industry comprises over 200 manufacturers, including brands such as DMG Mori Seiki, Fanuc, Okuma, and Yamazaki Mazak.
The industrial machinery produced in the country witnesses high demand in the European and American markets.
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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 |
Japan metal keystock market size, by material, 2018-2030 (US$M)
Japan Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
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