"The market analysis and insights included in the credible Bronze Market report presents key statistics on the market status of global and regional manufacturers and is an essential source of guidance which provides right direction to the companies and individuals interested in the industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also performed here. It also strategically analyses the growth trends and future prospects. This market research report uses a range of steps for collecting, recording, analysing and interpreting market data to make Bronze Market report all-inclusive.
Bronze Market analysis report provides market data even by considering new product development from beginning to launch. This report is a promising, excellent, pioneering, client-centric, and trustworthy which fulfils client’s business needs. The report provides strategically analyzed market research analysis and observant business insights into the most relevant markets of the clients. The high quality Bronze Marketing report comprises of the market drivers and restraints which are derived from SWOT analysis and also provides all the CAGR projections for the historic year 2021, base year 2022, and forecast period of 2023-2030.
Data Bridge Market Research analyses that the bronze market is expected to reach USD 13.17 billion by 2030, which is USD 10.08 billion in 2022, registering a CAGR of 3.40% during the forecast period of 2023 to 2030.
Explore Further Details about This Research Bronze Market Report https://www.databridgemarketresearch.com/reports/global-bronze-market
Bronze Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 - 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 - 2020) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Type (Aluminum, Phosphor, Silicon, Manganese, Leaded, Others), Process (Casting, Forging, Extrusion, Others), Application (Architecture Parts, Musical Instruments, Industrial Parts, Transportation Parts, Others), End User (Industrial, Architecture, Marine, Infrastructure and Construction, Automotive and Transportation, Aerospace and Defence, Electrical and Electronics, Others) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Wieland Group (U.S.), KME GERMANY GMBH (Germany), ONCAST METAL PRODUCTS CO. (U.S.), National Bronze Manufacturing Co. (U.S.), Mitsui Mining & Smelting Co. Ltd. (Japan), JX Nippon Mining & Metals Corporation (Japan), Aviva Metals (U.S.), Lebronze Alloys (France), Diehl Metall Stiftung & Co. KG (Germany), PMX Industries, Inc. (U.S.), Morgan Bronze Products, Inc. (U.S.), Govind Metal Co. (India), Beckett Bronze Co., Inc. (U.S.) |
| Market Opportunities |
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Market Definition
Bronze is an alloy which is consisting copper with about 12 to 12.5% tin and often with the addition of other metals such as nickel, manganese, aluminum, or zinc and sometimes with non-metals, such as phosphorus or metalloids such as silicon or arsenic. Bronze is metal alloy, which means it combines two or more different types of metals. As a raw material, bronze is used in electrical contacts, musical instruments, and ship propellers. It is a very hard and wear-resistant material used for machine and bearings tools.
Global Bronze Market Dynamics
Drivers
- Increasing usage of bronze in the automotive industry
Increasing usage of bronze in the automotive industry is expected to propel the market growth during the forecast period. The automotive industry is associated with wholesaling, production, retailing, and maintaining motor and electric vehicles. Bronze is widely used in the automotive industry for their favorable properties such as superior corrosion resistance, good durability, and improved maintenance. As a result, the market for bronze is driven by the growth of the automotive industry.
- Rising advancements in the manufacturing processes
The rising advancements in the manufacturing processes to offer superior products by numerous companies are also expected to drive the growth of the market. For instance, special heat treatment process to make commercial aluminum bronze helps improve its mechanical properties and further offers high strength to the alloy. These aluminum bronze are used in high deformation military aircraft, abrasion, heavy loads which require extra hardness, high strength, toughness and ductility.
Opportunities
- Growing demand for bronze in the aerospace sector
The growing demand for bronze in the aerospace sector is expected to create lucrative opportunities for the, market growth during the forecast period. Bronze are widely used in aerospace industry because of its wide variety of applications such as production of cargo doors, bearings and bushings in landing gears, wheel and brake components, hydraulic pump components, wing and tail actuators, pylons, and many other demanding applications where corrosion, heavy loads and abrasion are major concerns for manufacturers in aerospace industry.
- Surging acquisition between major market players to widen the market scope
Furthermore, surging acquisition between major market players will further offer lucrative opportunities for the market growth during the forecast period. For instance, KME acquired TRÉFIMÉTAUX SAS which is a French company that carries out its copper rods and copper tubes businesses at Givet and Niederbrück plants in 2019, for USD 2.2 million. Besides, TRÉFIMÉTAUX SAS controls Serravalle Copper Tubes S.r.l., an Italian company engaged in the manufacturing of copper tubes at Serravalle Scrivia. The annual turnover of TRÉFIMÉTAUX SAS is above USD 240 million. This acquisition will aid KME to strengthen its presence in Europe.
Radical conclusions of the report:
- Industry overview with a futuristic perspective
- Analysis of production costs and analysis of the industrial chain
- Full regional analysis
- Benchmarking the competitive landscape
- Bronze Market growth trends; current and emerging
- Technological developments and products
- Comprehensive coverage of market factors, restraints, opportunities, threats, limitations, and outlook for the Market
- SWOT Analysis, Porter's Five Forces Analysis, Feasibility Analysis, and ROI Analysis
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Bronze Market research report.
- Interaction with research scientists and development heads to understand the nature of the Bronze Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Bronze Market size
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