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Report Overview
The United Kingdom bronze market size reached around USD 0.35 Billion in 2023. The market is projected to grow at a CAGR of 3.20% between 2024 and 2032 to reach nearly USD 0.46 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The UK’s machinery and equipment (M&E) manufacturing industry accounts for 7% of total value added in the economy.
- The United Kingdom is the 10th largest exporter of machinery and equipments globally. This has subsequently contributed to the United Kingdom bronze market revenue.
- Nearly 10.3% of the UK’s total exports include M&E, which is mostly dominated by construction, mining, and quarrying machines.
United Kingdom Bronze Market Growth
The United Kingdom’s machinery and equipment (M&E) production sector has made significant investments in factory optimisation and automation processes to boost industrial productivity. As per the United Nations, the UK exported USD 42 billion worth of machinery and equipments worldwide, while accounting for 2.6% of the global market share. Moreover, in 2021, the average productivity of the UK’s M&E sector was 60% higher than the domestic economy, and 37% higher than that of the manufacturing industry. This is creating a favourable United Kingdom bronze market outlook.
Compound Annual Growth Rate
Value in USD Billion
3.2%
2024-2032
United Kingdom Bronze Market Outlook
*this image is indicative*
Similarly, the United Kingdom exports over 60% of its output of construction equipment, as per the Construction Equipment Association. As per the market analysis, it also exported over 80% of its cutting tools and work-holding equipments in 2020. In 2022, the top 5 M&E sub-sectors, such as mining, quarrying, and construction machinery; pumps and compressors; general-purpose machinery; and other engines accounted for 58.6% of total industrial exports. As the UK continues to lead the production of industrial machinery, the market is expected to witness sustained growth over the forecast period.
Key Trends and Developments
Growth of the construction sector; expansion of the agricultural sector; rising demand from marine and shipbuilding sector; and increasing automotive sales are factors favouring the United Kingdom bronze market expansion
Growth of the construction sector
The S&P Global UK Construction Purchasing Managers Index (PMI) increased to 57.2 in September 2024 from 53.6 in August 2024. This is expected to fuel the demand for bronze sheets and bars, which are used to enhance the structural integrity of different buildings, ultimately increasing the United Kingdom bronze market share.
Expansion of the agricultural sector
In 2021, the total cultivation area in the UK recorded a y-o-y growth of 0.5% and reached 6.1 million hectares. The cultivation of cereal crops rose to 3.2 million hectares, which further raised the demand for heavy agricultural machinery such as tractors for ploughing and harvesting operations. Such machineries use bronze extensively in making of components, driving the United Kingdom bronze market value.
Growth of the marine and shipbuilding sector
The growing demand for ships is expected to fuel the demand for bronze, as it is extensively used to make bushes and bearings for shipbuilding, which ensure its performance in rough weather conditions and in choppy waters.
Increasing automotive sales
The growing sales of superminis (29.8%), SUVs (28.6%), and crossovers (28.3%) indicates rising consumer preference for private vehicles which is favourably shaping the United Kingdom bronze market outlook.
United Kingdom Bronze Market Trends
As per the Society of Motor Manufacturers and Traders, the demand for fleet cars rose by 1.1 million in 2023, recording a y-o-y growth of 38.7%. The growing demand for hybrids (27.1%) and plug-in hybrids (39.3%) is fuelling the growth of the automotive industry, thereby favouring the growth of the United Kingdom bronze market. Every 1 of 6 vehicles registered in the UK currently is an EV, with overall sales rising to 315,000. Bronze, which is extensively used in the production of batteries, engines, decorative elements of automotives is expected to witness a significant surge in demand over the forecast period.
United Kingdom Industry Segmentation
The EMR’s report titled “United Kingdom 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 Region
- England
- Wales
- Northern Ireland
- Scotland
United Kingdom Bronze Market Share
Based on region, the market is segmented into England, Wales, Northern Ireland, and Scotland. England is projected to dominate the market, representing 78% of the overall market share. Over the forecast period, Wales is expected to grow at a CAGR of 3.4% because of increasing adoption of EVs in the region.
Leading Companies in the United Kingdom Bronze Market
Major players are expected to benefit from the shipbuilding boom in the United Kingdom, driven by increasing government investments to decarbonise the sector.
KME Germany GmbH
KME Germany GmbH belongs to the KME Group S.p.A. Based in Osnabrück, German, it is one of the largest producers of copper-based products (and alloys). It was formed in 1873 and sold 195.721 tons of materials in 2022-23, which highlights its solid position in North America bronze market.
Lebronze alloys
Lebronze alloys was formed in 1934 and is based in Suippes, France. It specialises in manufacturing finished, ...
Leeds Bronze Engineering Ltd.
Leeds Bronze Engineering Ltd. was formed in 1974 and is headquartered in the Leeds, United Kingdom. It belongs...
Wieland-Werke AG
Wieland-Werke AG was formed in 1820 in Ulm, Germany. It is engaged in offering semi-finished copper products a...
*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 included in the United Kingdom bronze market report are INNOMetal GmbH, 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 0.35 Billion.
The market is projected to grow at a CAGR of 3.20% 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 0.46 Billion by 2032.
Key trends aiding the market expansion are increasing automotive sales and the growth of industries such as construction, agriculture, and shipbuilding.
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, and Leeds Bronze Engineering Ltd., 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 End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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