Product Code: ETC104249 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The France naval brass market is expected to grow significantly in the forecast period due to rising defense expenditure and technological advancements. Naval brass offers superior corrosion resistance properties, which make it suitable for use in a variety of marine applications such as pumps, valves, manifolds, hulls, and propellers. Additionally, the introduction of various initiatives aimed at increasing naval modernization activities is expected further fuel the demand for naval brass over the next few years.
Growing defense expenditure along with an increase in maritime trade activity are some of the key factors that will contribute towards driving growth within this sector over our forecast period. Moreover, governments around the world are investing heavily towards modernizing their existing fleets which has generated significant demand for naval brass components used in these ships and submarines. Furthermore, advances in technologies such as AI, IoT & robotics have also created additional opportunities across different application areas within this sector.
High costs associated with the production process along with availability issues related to raw material supply may restrict growth prospects during our forecast period . In addition , stringent rules & regulations laid down by regulatory authorities pose substantial economical strains on manufacturers resulting reduced profit margin.
Notable players operating in France???s Naval Brass Market include AMPCO METAL SRL (Italy), KME Germany GmbH & Co KG (Germany) , Aurubis AG (Germany ), and Kobe Steel Ltd.(Japan) among others. These companies offer highly engineered products coupled with advanced services thereby catering well to end-user requirements.
The covid pandemic has had a major impact on overall industry dynamics including Naval Brass market as well . Lockdown imposed across countries have resulted into production disruptions leading to reduced output levels thereby negatively impacting revenue generation capabilities of existing players operating within this space globally . Despite these short term challenges it can be anticipated that gradual recovery from recessionary trends observed before 2020 will help revive sales volumes back up eventually providing much needed support for reviving market performance going forward beyond 2021.