The Business Research Company’s latest report Metal Manufacturing Global Market Report 2020 covers Metal Manufacturing market drivers, Metal Manufacturing market trends, Metal Manufacturing market segments, Metal Manufacturing market growth rate, Metal Manufacturing market major players, and Metal Manufacturing market size. The report provides in-depth analysis of the impact of COVID-19 on the Metal Manufacturing industry, along with revised market numbers due to the effects of the coronavirus.
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Metal Manufacturing Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global metal manufacturing market is expected to decline from $3570.2 billion in 2019 to $3117.1 billion in 2020 at a compound annual growth rate (CAGR) of -12.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 9% from 2021 and reach $3915.3 billion in 2023.
The global metal manufacturing market is segmented by type into iron and steel mills and ferroalloy manufacturing, nonferrous metal production and processing, alumina and aluminum production and processing, foundries, steel product manufacturing, by end use into construction, manufacturing, others. Subsegments covered are crude steel, pig iron, ferroalloys, nonferrous metal (except aluminum) smelting and refining, copper rolling, drawing, extruding, and alloying, nonferrous metal (except copper and aluminum) rolling, drawing, and extruding, secondary smelting, refining, and alloying of nonferrous metal (except copper and aluminum), aluminum product manufacturing from purchased aluminum, secondary smelting and alloying of aluminum, alumina refining and primary aluminum production, ferrous metal foundries, nonferrous metal foundries, iron and steel pipe and tube manufacturing, rolling and drawing.
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