Jun 22, 2022 (Market Insight Reports) --
The Bronze market report illuminates the prominent market drivers, obstacles, and possibilities that will shape industry expansion during the predicted timeframe. According to the report, the industry is poised to increase CAGR and generating noteworthy earnings throughout the study period. Our detailed evaluation of this business landscape is intended to add value to the implementation plan of enterprises and other interested parties. It provides a comprehensive analysis of the various market sectors to offer an in-depth insight on this market’s income opportunities.
Global Bronze Market to reach USD 11.2 billion by 2026.
Global Bronze Market is valued approximately at USD 9 billion in 2018 and is anticipated to grow with a growth rate of more than 2.8% over the forecast period 2019-2026. Bronze is defined as an alloy that majorly consists of copper and other metals such as tin, zinc, and aluminum. Bronze is used in the construction of musical instruments, sculptures, and medals, and also in industrial applications such as bushings and bearings. Bronze also has nautical applications owing to its resistance to corrosion. The hardness of the alloy allows it to be used in heavy-duty components, mostly in the aerospace industry. The growing demand for bronze from many end users such as marine, automotive, industrial, and aerospace & defense is anticipated to drive the demand for bronze. For instance, Bronze is used in the aerospace industry owing to its lightweight property that improves the performance and endurance of the aircraft. Bronze is used in the manufacturing of wheel & brake components, landing gear bushings, hydraulic components, actuators of aircraft and other aircraft applications. Thus, growth in aerospace & defense sector is boosting the adoption of bronze. For instance, according to the Boeing Market Outlook, aerospace and defense industry is estimated to be valued $8.7 trillion by 2028 from $8.1 trillion in 2018. In addition, technological advancements are expected to create significant growth opportunities in the market over the forecast period. However, growing concern over the use of lead in bronze coupled with lack of skilled labors impedes the growth of the market over the forecast period of 2019-2026.
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Global Bronze market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia pacific is the leading/significant region across the world in terms of market share owing to the growth in automotive manufacturing units and assemblies. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing marine end user segment, growing consumption of bronze, would create lucrative growth prospects for the Bronze market across Asia-Pacific region.
Major market player included in this report are:
Lebronze Alloys
Diehl Metall Stiftung & Co. Kg
Wieland Metals Inc.
KME Germany GmbH & Co Kg.
LDM B.V.
Concast Metal Products Co
National Bronze & Metals, Inc.
PMX Industries Inc.
Ningbo Boway Alloy Material Co Ltd
Ningbo Xingye Shengtai Group Co., Ltd
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Aluminium Bronze
Phosphor Bronze
Silicon Bronze
Leaded Tin Bronze
Others
By End User:
Industrial
Marine
Infrastructure & Construction
Automotive
Electrical & Electronics
Aerospace & Defence
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year aEUR" 2016, 2017
Base year aEUR" 2018
Forecast period aEUR" 2019 to 2026
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Goals and objectives of this Report
- Understanding the opportunities and progress of Global Market highlights, as well as key regions and countries involved in market growth.
- Study the different segments of the Global Market and the dynamics of Global Market in the market.
- Categorize Global Market segments with increasing growth potential and evaluate the futuristic segment market
- To analyze the most important trends related to the different segments that help to decipher and convince the Global Market.
- To verify region-specific growth and development in the Global Market.
- Understand the key stakeholders in the Global Market and the value of the competitive image of the Global Market leaders.
- To study key plans, initiatives and strategies for the development of the Global Market.
Key questions answered in the report:
- Which are the five top players of the Global Market?
- How will the Global Market change in the next five years?
- Which product and application will take a lion's share of the Global Market?
- What are the drivers and restraints of the Global Market?
- Which regional market will show the highest growth?
- What will be the CAGR and size of the Global Market throughout the forecast period?
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