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Report Overview
The Europe bronze market size reached around USD 2.22 Billion in 2023. The market is projected to grow at a CAGR of 2.70% between 2024 and 2032 to reach nearly USD 2.82 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Nearly 2.6 million automotives were exported by Germany in 2022. As automotives make use of bronze as a metal, the rising export levels is driving market growth.
- As per Europe bronze market analysis, in 2022, the automotive industry contributed over EUR 1 trillion in value to Europe’s GDP.
- 22 of 25 highest-brand value automobile manufacturers are European, showcasing the presence of a robust automotive industry in the region.
Europe Bronze Market Growth
As per the International Federation of the Phonographic Industry, overall music sales in Europe reached USD 8 billion in 2023, which accounted for around 28.1% of global revenues. In 2022, overall music sales recorded a year-on-year growth of 8.7%, reaching EUR 5.2 billion. Europeans are the world’s second largest listener of recorded music after North America, which indicates the significant appeal for different genres among people. This is expected to drive the demand for various music instruments by the European music industry, including bronze-made percussion instruments renowned for their acoustic properties (such as cymbals). This is expected to positively influence the Europe bronze market trends.
Compound Annual Growth Rate
Value in USD Billion
2.7%
2024-2032
Europe Bronze Market Outlook
*this image is indicative*
Moreover, the automotive industry is widely regarded as the jewel of Europe’s economy. It accounts for nearly 7% of its GDP and 10% of its overall exports. Nearly 30% of all automotive patents are attributed to European countries, which spent around EUR 60 billion annually on R&D (representing a share of 30%) of new vehicles. With the increasing demand for premium vehicles, major automotive companies are increasing their reliance on bronze for manufacturing engine components, transmission parts, bearings and bushes, electrical connectors, and decorative elements of new cars. This is projected to drive the Europe bronze market expansion.
Key Trends and Developments
Introduction of 3-D printed nickel aluminium bronze; increasing demand for wooden furniture; efforts to increase travellers’ footfall; and growth of shipbuilding industry in Germany are the major trends shaping the Europe bronze market outlook.
Introduction of 3-D printed nickel aluminium bronze
Nickle aluminium bronze is renowned for its antifouling and antimicrobial properties, high strength, and strong corossion-resistant features. Its additive manufacturing not only saves time, but also makes it cost-effective.
Increasing demand for wooden furniture
The shift towards sustainable home interior designs have driven the demand for wooden furniture. This, in turn, has increased the Europe bronze market value by fuelling the demand for bronze wool.
Growth of shipbuilding industry in Germany
Germany is one of the leading shipbuilding nations of Europe. With the nation’s increasing focus on maintaining supply chain resilience to boost cross-border trade, the industry is expected to maintain its growth momentum, thereby fuelling the demand for bronze-based bushes and bearings.
Efforts to increase travellers’ footfall
Many European governments are undertaking renovation and redevelopment projects for major historical sites to give a boost to the travel and tourism industry. The construction of new statues and sculptures is expected to drive the Europe bronze market revenue.
Europe Bronze Market Trends
Nickel aluminium bronze is regarded as the golden standard in Europe’s maritime industry. However, additive manufacturers need to consider its complexity during the production process to ensure that it meets the quality and performance standards during the application process. For this, companies such as SPEE3D are using the Cold Spray Additive Manufacturing technology to produce high-quality metals for the marine industry. This is one of the key market trends.
Europe Bronze Industry Segmentation
The EMR’s report titled “Europe Bronze Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Breakup by Alloy Type
- Aluminium
- Phosphor
- Silicon
Breakup by Application
- Architectural Parts
- Musical Instruments
- Transportation
- Industrial
- Others
Breakup by Country
- United Kingdom
- Germany
- France
- Italy
- Others
Europe Bronze Market Share
Based on country, the market is segmented into United Kingdom, Germany, France, and Italy, among others. The United Kingdom is projected to dominate the market, representing 16% of the overall market share. Over the forecast period, the country is expected to grow at a CAGR of 3.2% because of increasing investments in automotive development.
Leading Companies in the Europe Bronze Market
Major market players are focusing on enhancing their production capabilities to cater to the growing demand for bronze in a secure and sustainable manner. This is increasing the overall Europe bronze market share.
KME Germany GmbH
KME Germany GmbH is a part of the KME Group S.p.A. Based in Osnabrück, Germany, it is one of the biggest producers of copper-based alloys and associated products, with reported sales of 195.721 tonnes in 2022-23. It was founded in 1873.
Lebronze alloys
Lebronze alloys was founded in 1934 and is headquartered in Suippes, France. It specialises in the production ...
Leeds Bronze Engineering Ltd.
Leeds Bronze Engineering Ltd. was founded in 1974 and is headquartered in the United Kingdom. It’s belongs t...
Aviva Metals
Aviva Metals was founded in 1983 and is headquartered in Texas, United States. It is engaged in manufacturing ...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players in the Europe bronze marker report are Wieland-Werke AG, INNOMetal GmbH, and WISCO ESPAÑOLA SA, among others.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.22 Billion.
The market is projected to grow at a CAGR of 2.70% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 2.82 Billion by 2032.
Key trends aiding market expansion are introduction of 3-D printed nickel aluminium bronze, increasing demand for wooden furniture, and growth of the shipbuilding industry in Germany.
The different applications of bronze include architectural parts, musical instruments, transportation, and industrial, among others.
The different types of alloys in the market are aluminium, phosphor, and silicon.
The key market players are KME Germany GmbH, Wieland-Werke AG, Lebronze alloys, INNOMetal GmbH, Leeds Bronze Engineering Ltd., WISCO ESPAÑOLA SA, and Aviva Metals, among others.
The different countries covered in the market report include the United Kingdom, Germany, France, and Italy, among others.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Alloy Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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