The market is dominated by domestic suppliers, as imports account for 0.0% of total market size in 2023. B2B drives market demand, with B2B spending representing 98.1% of total demand in 2023. The US has the largest market size for forming of metal and powder metallurgy across the top 20 developed countries, with demand reaching USD35.6 billion in 2023. Precision Castparts Corp is the largest company in the US, generating 11.2% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 24.3% of total production value in 2023. The total number of companies increases in 2023, to 3,213 units. The costs of the industry increase by 2.3% in 2023, largely driven by rising labour costs. The industry’s profitability increases and stands at 4.5% of production value in 2023, the 18th highest across the top 20 developed countries. With production value of USD35.1 billion, the US accounts for 99.6% of the North America total in 2023.
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This Euromonitor industrial report provides unique information on Forming of Metal and Powder Metallurgy in the US: ISIC 2891. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Forming of Metal and Powder Metallurgy in the US: ISIC 2891 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic iron and steel, basic preciuos and non-ferrous metals, casting of metals, coating of metals and mechanical engineering, forming of metal and power metallurgy, metal packaking, wire and other fabricated metal products.
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