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This professional and specialized report study examines the technical and business perspective of the precious metals industry. The report provides a historical analysis of the industry as well as the projected trends expected to be witnessed in the precious metals market. The report study analyzes the market statistics at the global as well as the regional levels to gain an in-depth perspective of the overall precious metals market. The historical insights are provided from 2016 to 2019 and projected trends are provided from 2020 to 2026. The quantitative data is provided in terms of value (USD Billion) for 2016 – 2026. The qualitative data is reinforced by analyzing and providing numerous market dynamics (directly or indirectly affecting the industry) such as growth drivers, restraints, challenges, and opportunities.
We have included various industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the precious metals market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies adopted by various stakeholders involved in the entire value chain of the precious metals market. It also encompasses PESTLE analysis and SWOT analysis.
The report also offers an in-depth analysis of the market shares of each industry player and gives an outline of the market position of key players in the precious metals market. Moreover, the study offers wide coverage of key strategic advances witnessed in the market such as new product launches, acquisitions & mergers, collaborations & joint ventures, funding & VC activities, agreements, partnerships, R&D activities, and regional expansion of key players of the precious metals market.
The research study provides a critical assessment of the precious metals industry by logically segmenting the market on the basis of type, end-user, and regions. Based on the past, present, and future trends, all the segments were analyzed from the bottom up, and the market sizes have been estimated from 2020 to 2026. The regional segmentation of the precious metals industry includes the holistic bifurcation of all the five major continents including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Precious metals occur naturally and very rare metallic elements that have important economic value. By property, they are lustrous, malleable, and good conductors of electricity and heat. Generally, metals are solid at room temperature. Precious metals are industrial product and it is primarily considered as an investment. Gold and platinum are some of the most well-known precious metals of the industry. While the coinage metal and silver are used in industrial applications, such as jewelry, and art.
Due to growing uncertainty in the market, investors are seeking a safe haven in the precious metals commodity. Increasing mining activities for precious metals is supporting market growth. Increasing demand for precious metals in various end-use industries such as jewelry, automotive, electronic, chemical, oil, and gas, etc. is driving the demand for precious metals. This, in turn, is supporting the precious metals market growth. Intensifying reportage of dirty gold and issues around where and in what way the metals are sourced and how it is moved through the supply chain are the factors may restrain the market growth. Illegal gold mining activities may hamper the market growth. Demand for precious metals such as gold, platinum, silver, etc. mainly comes from jewelry, everyday technological products, and for investment purposes. Growing end-use industries is anticipated to offer a lucrative opportunity for market growth. Precious metals have often been used as a safe investment. Hence, it is the most preferred commodity by the people for investment. The fluctuating stock market, uncertainty in the profit gain is likely to fuel the precious metals market growth in the near future.
The precious metals market is segmented based on type and end-user. On the basis of type segmentation, the market is classified into gold, silver, platinum, palladium, and others. In terms of end-user, the market is bifurcated into an individual and broker.
Some of the essential players operating in the Precious Metals market, but not restricted to include AvaTrade, Plus500 Ltd., AxiTrader, EToro Ltd., Forex.com, XM Global Limited, Henyep Capital Markets (HYCM), Pepperstone, XTB, Goodwill Wealth Management Private Limited, iForex, and others.
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