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Brass Rods Market Worth US$ 19260 Million by 2028 at a CAGR of 2.6% Globally, COVID-19 Impact and Analysis by The Market Reports

This report studies the Brass Rods market, Brass Rods are used to production the force components. Such as pins, rivets, washers, nuts, pipe, pressure gauge, screen, radiator parts. According to the material, it can be divided into two kinds: one kind is common Brass Rods, which are comprised of copper and zinc; the other kind is special Brass Rods, which is comprised of copper, zinc, Sn and other metal. Mechanical properties and wear resistance of Brass Rods is good, therefore it has been widely used to manufacture precision instruments, ship parts, automobile parts, appliances parts, and instruments parts.

Due to the COVID-19 pandemic, the global Brass Rods market size is estimated to be worth US$ 16510 million in 2022 and is forecast to a readjusted size of US$ 19260 million by 2028 with a CAGR of 2.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Ordinary Brass Rods accounting for % of the Brass Rods global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Machines segment is altered to an % CAGR throughout this forecast period.

As for the global residential Brass Rods industry, the industry concentration rate is highly dispersed. The top 5 manufacturers are Wieland, Daechang, Ningbo Jintian, Tongling Nonferrous Metals and KME, ​have 30% sales revenue market share. The Wieland which has 7% sales market share, is the leader in the Brass Rods industry. The manufacturers following Wieland are Daechang and KME, which respectively has 6.5% and 6.4% sales market share globally.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Ordinary Brass Rods
  • Special Brass Rods

Segment by Application

  • Machines
  • Automotive
  • Electric Appliances
  • Others

By Company

  • Wieland
  • Daechang
  • Ningbo Jintian
  • Tongling Nonferrous Metals
  • KME
  • Hailiang Group
  • CHALCO
  • ALMAG SPA
  • Mueller Industries
  • Ningbo Jinglong
  • GUODONG
  • Sanchuan

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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