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(MoneyNewsWire.Net, August 09, 2018 ) Other fabricated metal product manufacturing industry group comprises establishments primarily engaged in manufacturing fabricated metal products (except forgings and stampings, cutlery and hand tools, architectural and structural metals, boilers, tanks, shipping containers, hardware, spring and wire products, machine shop products, turned products, screws, and nuts and bolts).
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The global other fabricated metal product manufacturing market was valued at $17 billion in 2017. This can be attributed to technological advances and new product developments at competitive prices driving the metal and mineral manufacturing market.
The market can be easily split into ball and roller bearing manufacturing; small arms ammunition manufacturing; ammunition (except small arms) manufacturing; small arms, ordnance, and ordnance accessories manufacturing; fabricated pipe and pipe fitting manufacturing; and all other miscellaneous fabricated metal product manufacturing.
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China was the largest country in the market, accounting for one-third of the global other fabricated metal product manufacturing market share. This can be attributed to the large automobile and telecom manufacturing market in the country. China was followed by India and Japan as the next largest countries in the market.
The major competitors in the market are General Dynamics Corporation, BAE Systems, Timken, Schaeffler, and Olin Corporation.
General Dynamics Corporation (GD) is an American aerospace and defence multinational corporation formed by mergers and divestitures. It is the world's fifth-largest defence based on 2012 revenues. General Dynamics is headquartered in West Falls Church, Fairfax County, Virginia.
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