| Product Code: ETC425781 | Publication Date: Oct 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Thailand gun metal market witnessed a 5.98% import growth from 2023 to 2024, with a compound annual growth rate (CAGR) of -0.49% from 2020 to 2024. The fluctuating CAGR suggests market stability challenges, potentially influenced by demand shifts or evolving trade policies impacting import momentum.
Gun metal, a type of bronze alloy, has applications in diverse industries, including marine, automotive, and construction. The Thailand gun metal market has been resilient due to its corrosion resistance and high durability properties. It is commonly used in manufacturing valves, bearings, and bushings. The market`s growth is linked to industrial expansion and the need for reliable and long-lasting components. Manufacturers are investing in research and development to enhance the performance characteristics of gun metal alloys and cater to evolving industry requirements.
The Thailand gun metal market is primarily driven by the country`s growing defense and security needs. The government`s continued investment in modernizing its armed forces has led to an increased demand for high-quality gun metal components in firearms and ammunition production. Additionally, the rising popularity of shooting sports and recreational shooting among civilians has contributed to the market`s growth. Furthermore, the expanding manufacturing sector, including automotive and aerospace industries, has also boosted the demand for gun metal in various applications such as molds and precision parts.
The gun metal market in Thailand faces challenges related to material sourcing, technology advancements, and market regulations. Securing a consistent supply of raw materials for gun metal production is critical. Advances in firearms technology and changing regulations necessitate continuous product development and adaptation. Additionally, complying with strict firearms regulations and export controls is essential in this market.
The gun metal market faced reduced demand during the pandemic, primarily due to disruptions in the defense and manufacturing sectors. Recovery was influenced by government contracts and investments in defense and aerospace industries.
In the Thailand gun metal market, GunCrafters Ltd. is a well-established company. They manufacture gun metal components and firearms, known for their craftsmanship and reliability in the firearms industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Gun Metal Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Gun Metal Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Gun Metal Market - Industry Life Cycle |
3.4 Thailand Gun Metal Market - Porter's Five Forces |
3.5 Thailand Gun Metal Market Revenues & Volume Share, By Products, 2021 & 2031F |
4 Thailand Gun Metal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand from the automotive industry in Thailand |
4.2.2 Growth in infrastructure development projects driving demand for gun metal |
4.2.3 Technological advancements leading to improved quality and performance of gun metal products |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of gun metal |
4.3.2 Regulatory challenges and environmental concerns related to gun metal manufacturing in Thailand |
5 Thailand Gun Metal Market Trends |
6 Thailand Gun Metal Market, By Types |
6.1 Thailand Gun Metal Market, By Products |
6.1.1 Overview and Analysis |
6.1.2 Thailand Gun Metal Market Revenues & Volume, By Products, 2021-2031F |
6.1.3 Thailand Gun Metal Market Revenues & Volume, By Gunmetal Bush, 2021-2031F |
6.1.4 Thailand Gun Metal Market Revenues & Volume, By Gunmetal Casting, 2021-2031F |
6.1.5 Thailand Gun Metal Market Revenues & Volume, By Gunmetal Rod, 2021-2031F |
6.1.6 Thailand Gun Metal Market Revenues & Volume, By Gunmetal Plate, 2021-2031F |
7 Thailand Gun Metal Market Import-Export Trade Statistics |
7.1 Thailand Gun Metal Market Export to Major Countries |
7.2 Thailand Gun Metal Market Imports from Major Countries |
8 Thailand Gun Metal Market Key Performance Indicators |
8.1 Percentage increase in the number of automotive manufacturers sourcing gun metal in Thailand |
8.2 Growth in the number of infrastructure projects utilizing gun metal products |
8.3 Adoption rate of advanced gun metal manufacturing technologies in Thailand |
8.4 Percentage change in raw material costs affecting gun metal production |
8.5 Compliance rate with environmental regulations in the gun metal industry in Thailand |
9 Thailand Gun Metal Market - Opportunity Assessment |
9.1 Thailand Gun Metal Market Opportunity Assessment, By Products, 2021 & 2031F |
10 Thailand Gun Metal Market - Competitive Landscape |
10.1 Thailand Gun Metal Market Revenue Share, By Companies, 2024 |
10.2 Thailand Gun Metal Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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