Middle East & Africa Metal Keystock Market Size & Outlook
Middle East & Africa metal keystock market, 2018-2030 (US$M)
Related Markets
MEA metal keystock market highlights
- The MEA metal keystock market generated a revenue of USD 2.0 million in 2023.
- The 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.
- Aluminum is the most lucrative material segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 2.0 million |
| Market revenue in 2030 | USD 2.7 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Steel |
| Fastest growing segment | Aluminum |
| 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, MEA region accounted for 5.2% 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 20.6 million by 2030.
Steel was the largest segment with a revenue share of 70% in 2023. Horizon Databook has segmented the Middle East & Africa metal keystock market based on steel, aluminum, brass covering the revenue growth of each sub-segment from 2018 to 2030.
The industrial machinery manufacturing sector of the Middle East & Africa is expected to witness growth over the forecast period owing to increasing oil production and rising investments in industrial equipment manufacturing companies in the region.
Industrial machinery is widely utilized for producing oil in the Gulf Cooperation Council. Other sectors such as agriculture, construction, and industrial equipment manufacturing are expected to observe growth in the Middle East & Africa over the forecast period owing to its rising population.
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Metal Keystock Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa metal keystock market
Middle East & Africa Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa metal keystock market
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