Irving, TX (PRWEB) September 24, 2012
The global metal industry experienced a robust growth during the last five years but is expected to slow down, and the industry revenue is forecast to reach an estimated $2,374 billion in 2017 with a CAGR of 5.5% over the next five years (2012-2017).
Lucintel, a leading global management consulting and market research firm, has analyzed the global metal industry and offers its findings in its comprehensive research report, "Global Metal Industry 2012-2017: Trend, Profit and Forecast Analysis"
The metal industry consists of establishments primarily engaged in manufacturing all types of metals such as iron and steel, aluminum, base metals, and precious metals. The industry is highly fragmented. APAC dominates this industry and captured a majority of the industry share. Some of the major players in this industry are Arcelormittal, ThyssenKrupp, Rio Tinto, and BHP Billiton. A combination of factors such as growth in related industries and governmental regulations, cyclical fluctuations in metal prices, general economic conditions, and end-use markets are witnessed to impact the industry dynamics significantly.
Government regulations, rising cost of input materials, increasing operational efficiency in order to reduce operating costs, and improving the quality of output are some of the challenges being faced by the industry. The increasing growth rate of construction, automobiles, heavy machinery, and equipment is expected to drive consumption of metals used in these industries.
APAC emerged as the region depicting the most growth potential with a CAGR of 13% during the last five years, driven by growth in population and reasonable GDP growth. Precious metal witnessed the largest increase with double-digit growth during the last five years, driven by increases in production and price of precious metal such as gold, silver, and platinum. Lucintel's market research indicates that demand for precious metal is forecast to witness highest growth during the next five years because of its increased application in a number of sectors.
This study provides an overview of the global metal industry. The market report tracks four market segments of four regions of the global metal industry.
For a detailed table of contents and pricing information on this timely, market report, contact Lucintel at +1-972-636-5056 or via email at helpdesk(at)lucintel(dot)com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, insight, and cost efficiency. Lucintel has started Live Chat in its Web Site to answer visitors' questions in real time with precision. Visitors can either chat with our experts or call them free of cost through Live Chat to get assistance about what they are looking for from Lucintel.