U.S. Metal Keystock Market Size & Outlook, 2023-2030
U.S. metal keystock market, 2018-2030 (US$M)
Related Markets
U.S. metal keystock market highlights
- The U.S. metal keystock market generated a revenue of USD 7.2 million in 2023 and is expected to reach USD 9.8 million by 2030.
- The U.S. 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.
- 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 7.2 million |
| Market revenue in 2030 | USD 9.8 million |
| Growth rate | 4.5% (CAGR from 2023 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, U.S. accounted for 19.0% 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 North America, U.S. metal keystock market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1.6 million by 2030.
Steel was the largest segment with a revenue share of 69.44% in 2023. Horizon Databook has segmented the U.S. metal keystock market based on steel, aluminum, brass covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. metal keystock market is driven by the country's strong industrial base, technological advancements, and significant investments in infrastructure projects.
The automotive sector, in particular, is a major contributor to the market with the shift toward Electric Vehicles (EVs) necessitating high-performance keystock materials for drivetrain components.
According to the International Energy Agency, in 2023, new electric car registrations reached 1.4 million, recording an increase of over 40% from 2022.
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Metal Keystock Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. metal keystock market size, by material, 2018-2030 (US$M)
U.S. Metal Keystock Market Outlook Share, 2023 & 2030 (US$M)
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