PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584575
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584575
United States Bronze Market, By Type; By Process; By End Use, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
United States Bronze Market Grows at Steady CAGR of 2.9% to Surpass Value of USD 2.3 Billion by 2030
United States Bronze Market is booming primarily due to an increasing demand for the metal alloy from the construction sector, expanding applications of bronze in the marine sector, and growing utilization of the metal alloy in musical instruments.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Bronze Market size by value at USD 1.89 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Bronze Market size to expand at a CAGR of 2.9% reaching a value of USD 2.31 billion by 2030. The Bronze Market in United States is propelled by an increasing demand in construction, automotive, and marine applications. Bronze's unique combination of durability, corrosion resistance, and aesthetic appeal, coupled with its versatility in various industries, makes it a sought-after material. Its superior properties, including low friction, resistance to corrosion, and excellent casting characteristics, make it indispensable in sectors like construction, shipbuilding, and electrical manufacturing. As urbanization, vehicle production, and the need for electrical components continue to rise, the demand for bronze alloys is expected to surge, further solidifying its market position. Technological advancements in bronze production and alloy development have also contributed to its growing popularity, enabling the creation of new materials with enhanced properties and expanded applications.
Marine Segment Holds Largest Share of US Bronze Market by End Use
The marine segment accounts for the highest share of United States Bronze Market by end use. Bronze's durability and longevity make it a preferred choice for industrial applications, where it finds its way into essential components like clamps, valves, bushings, and pump parts. Additionally, bronze plays a pivotal role in shipbuilding and other marine endeavors. As global seaborne trade continues to expand, the demand for ships and tankers is on the rise, propelling the marine sector to the forefront of growth over the forecast period. The burgeoning demand for bronze from the marine end use industry is expected to significantly drive the expansion of the United States Bronze Market over the forecast period.
Impact of Escalating Geopolitical Tensions on United States Bronze Market
Intensifying geopolitical tensions could have a multifaceted impact on United States Bronze Market. Disruptions in global supply chains, particularly for essential raw materials like copper and tin, could lead to production constraints and increased costs. Moreover, trade restrictions or tariffs could further elevate production expenses, resulting in higher prices. Given the reliance of industries such as construction, automotive, and aerospace on bronze, any instability could lead to fluctuations in demand and hinder market expansion. Overall, geopolitical factors present a substantial risk to the dynamics of United States Bronze Market.
Competitive Landscape
United States Bronze Market is highly fragmented, with numerous players serving the market. The key players dominating United States Bronze Market include Reliable Bronze & Mfg Inc, National Bronze Manufacturing Co, Thyssenkrupp Materials NA Inc, Tough Copper Alloys INC, O'Hare Precision Metals LLC, ALB Copper Alloys Co Ltd, Morgan Bronze Products Inc, Buck Company LLC, and Travis Pattern and Foundry. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Bronze Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Bronze Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Bronze Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing Demand from the Construction Industry
- 3.2.1.2. Expanding Applications in the Marine Industry
- 3.2.1.3. Growing Demand for Bronze in Musical Instruments
- 3.2.2. Restraints
- 3.2.2.1. High Cost
- 3.2.2.2. Limited Availability of Raw Materials
- 3.2.3. Opportunities
- 3.2.3.1. Increasing Use in Automotive Components
- 3.2.3.2. Rising Demand for Sustainable and Recyclable Materials
- 3.2.4. Challenges
- 3.2.4.1. Complexity of Manufacturing
- 3.2.4.2. Limited Availability of Skilled Labor
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Bronze Market Marketing Strategies
5. United States Bronze Market: Pricing Analysis
6. United States Bronze Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.1.1. Aluminum Bronze
- 6.2.1.2. Phosphor Bronze
- 6.2.1.3. Silicon Bronze
- 6.2.1.4. Manganese Bronze
- 6.2.1.5. Leaded Bronze
- 6.2.1.6. Others
- 6.2.2. By Process
- 6.2.2.1. Bronze Casting
- 6.2.2.2. Bronze Forging
- 6.2.2.3. Bronze Extrusion
- 6.2.2.4. Others
- 6.2.3. By End Use
- 6.2.3.1. Architecture
- 6.2.3.2. Marine
- 6.2.3.3. Automotive & Transportation
- 6.2.3.4. Electrical & Electronics
- 6.2.3.5. Others
- 6.2.1. By Type
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Bronze Company Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on United States Bronze Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. Reliable Bronze & Mfg., Inc
- 9.2. National Bronze Manufacturing Co.
- 9.3. Thyssenkrupp Materials NA, Inc.
- 9.4. Tough Copper Alloys INC.
- 9.5. O'Hare Precision Metals, LLC
- 9.6. ALB Copper Alloys Co., Ltd
- 9.7. Morgan Bronze Products, Inc.
- 9.8. Buck Company, LLC
- 9.9. Travis Pattern and Foundry
- 9.10. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents, By Country
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 United States Bronze Segmentation
- Figure 2 United States Bronze Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 United States Bronze Market Size, By Value (USD Billion), 2019-2030
- Figure 5 United States Bronze Market Share, By Type, By Value, 2019-2030
- Figure 6 United States Bronze Market Share, By Process, By Value, 2019-2030
- Figure 7 United States Bronze Market Share, By End Use, By Value, 2019-2030
List of Tables
- Table 1 United States Bronze Market Size, By Value (USD Billion), 2019-2030
- Table 2 United States Bronze Market Size, By Type, By Value, 2019-2030
- Table 3 United States Bronze Market Size, By Process, By Value, 2019-2030
- Table 4 United States Bronze Market Size, By End Use, By Value, 2019-2030
- Table 5 Reliable Bronze & Mfg., Inc Company Overview
- Table 6 Reliable Bronze & Mfg., Inc Financial Overview
- Table 7 National Bronze Manufacturing Co. Company Overview
- Table 8 National Bronze Manufacturing Co. Financial Overview
- Table 9 Thyssenkrupp Materials NA, Inc. Company Overview
- Table 10 Thyssenkrupp Materials NA, Inc. Financial Overview
- Table 11 Tough Copper Alloys INC. Company Overview
- Table 12 Tough Copper Alloys INC. Financial Overview
- Table 13 O'Hare Precision Metals, LLC Company Overview
- Table 14 O'Hare Precision Metals, LLC Financial Overview
- Table 15 ALB Copper Alloys Co., Ltd Company Overview
- Table 16 ALB Copper Alloys Co., Ltd Financial Overview
- Table 17 Morgan Bronze Products, Inc. Company Overview
- Table 18 Morgan Bronze Products, Inc. Financial Overview
- Table 19 Buck Company, LLC Company Overview
- Table 20 Buck Company, LLC Financial Overview
- Table 21 Travis Pattern and Foundry Company Overview
- Table 22 Travis Pattern and Foundry Financial Overview
