Product Code: IRTNTR76204
The precious metals market is forecasted to grow by USD 105.3 billion during 2024-2029, accelerating at a CAGR of 6.4% during the forecast period. The report on the precious metals market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by precious metals shine as safe havens amid economic turbulence, growing use of precious metals in electronics, renewable energy, and medical sectors, and rising middle-class populations.
Market Scope |
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 5.9% |
CAGR | 6.4% |
Incremental Value | $105.3 bn |
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's precious metals market is segmented as below:
By Type
By Application
- Industrial
- Jewelry
- Investment
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growing environmental, social, and governance (ESG) focus as one of the prime reasons driving the precious metals market growth during the next few years. Also, involvement of blockchain for tracing origins of precious metals and technological advancements in industrial applications will lead to sizable demand in the market.
The report on the precious metals market covers the following areas:
- Precious Metals Market sizing
- Precious Metals Market forecast
- Precious Metals Market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading precious metals market vendors that include Anglo American Platinum Ltd., Bal Group, Barrick Gold Corp., First Majestic Silver Corp., First Quantum Minerals Ltd., Freeport McMoRan Inc., Glencore PLC, Gold Fields Ltd., Harmony Gold Mining Co. Ltd., Impala Platinum Holdings Ltd., Kinross Gold Corp., Lundin Mining Corp., Lynas Rare Earths Ltd., Neo Performance Materials Inc., Newcrest Mining Ltd., Newmont Corp., and Pan American Silver Corp.. Also, the precious metals market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
- 3.3 Value chain analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.3 Market size 2024
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ billion)
- Data Table on Global - Market size and forecast 2024-2029 ($ billion)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global Precious Metals Market 2019 - 2023
- Historic Market Size - Data Table on Global Precious Metals Market 2019 - 2023 ($ billion)
- 5.2 Type segment analysis 2019 - 2023
- Historic Market Size - Type Segment 2019 - 2023 ($ billion)
- 5.3 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ billion)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ billion)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 Impact of AI on the Global Precious Metals Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Type
- 8.1 Market segments
- Chart on Type - Market share 2024-2029 (%)
- Data Table on Type - Market share 2024-2029 (%)
- 8.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 8.3 Gold - Market size and forecast 2024-2029
- Chart on Gold - Market size and forecast 2024-2029 ($ billion)
- Data Table on Gold - Market size and forecast 2024-2029 ($ billion)
- Chart on Gold - Year-over-year growth 2024-2029 (%)
- Data Table on Gold - Year-over-year growth 2024-2029 (%)
- 8.4 Silver - Market size and forecast 2024-2029
- Chart on Silver - Market size and forecast 2024-2029 ($ billion)
- Data Table on Silver - Market size and forecast 2024-2029 ($ billion)
- Chart on Silver - Year-over-year growth 2024-2029 (%)
- Data Table on Silver - Year-over-year growth 2024-2029 (%)
- 8.5 Platinum - Market size and forecast 2024-2029
- Chart on Platinum - Market size and forecast 2024-2029 ($ billion)
- Data Table on Platinum - Market size and forecast 2024-2029 ($ billion)
- Chart on Platinum - Year-over-year growth 2024-2029 (%)
- Data Table on Platinum - Year-over-year growth 2024-2029 (%)
- 8.6 Market opportunity by Type
- Market opportunity by Type ($ billion)
- Data Table on Market opportunity by Type ($ billion)
9 Market Segmentation by Application
- 9.1 Market segments
- Chart on Application - Market share 2024-2029 (%)
- Data Table on Application - Market share 2024-2029 (%)
- 9.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 9.3 Industrial - Market size and forecast 2024-2029
- Chart on Industrial - Market size and forecast 2024-2029 ($ billion)
- Data Table on Industrial - Market size and forecast 2024-2029 ($ billion)
- Chart on Industrial - Year-over-year growth 2024-2029 (%)
- Data Table on Industrial - Year-over-year growth 2024-2029 (%)
- 9.4 Jewelry - Market size and forecast 2024-2029
- Chart on Jewelry - Market size and forecast 2024-2029 ($ billion)
- Data Table on Jewelry - Market size and forecast 2024-2029 ($ billion)
- Chart on Jewelry - Year-over-year growth 2024-2029 (%)
- Data Table on Jewelry - Year-over-year growth 2024-2029 (%)
- 9.5 Investment - Market size and forecast 2024-2029
- Chart on Investment - Market size and forecast 2024-2029 ($ billion)
- Data Table on Investment - Market size and forecast 2024-2029 ($ billion)
- Chart on Investment - Year-over-year growth 2024-2029 (%)
- Data Table on Investment - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Application
- Market opportunity by Application ($ billion)
- Data Table on Market opportunity by Application ($ billion)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
- 11.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2024-2029 (%)
- Data Table on Market share By Geographical Landscape 2024-2029 (%)
- 11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 11.3 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ billion)
- Data Table on APAC - Market size and forecast 2024-2029 ($ billion)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 11.4 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ billion)
- Data Table on North America - Market size and forecast 2024-2029 ($ billion)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 11.5 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ billion)
- Data Table on Europe - Market size and forecast 2024-2029 ($ billion)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 11.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ billion)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 11.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ billion)
- Data Table on South America - Market size and forecast 2024-2029 ($ billion)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 11.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 11.9 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ billion)
- Data Table on China - Market size and forecast 2024-2029 ($ billion)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 11.10 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ billion)
- Data Table on Canada - Market size and forecast 2024-2029 ($ billion)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 11.11 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ billion)
- Data Table on UK - Market size and forecast 2024-2029 ($ billion)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 11.12 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ billion)
- Data Table on India - Market size and forecast 2024-2029 ($ billion)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 11.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ billion)
- Data Table on Germany - Market size and forecast 2024-2029 ($ billion)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 11.14 Japan - Market size and forecast 2024-2029
- Chart on Japan - Market size and forecast 2024-2029 ($ billion)
- Data Table on Japan - Market size and forecast 2024-2029 ($ billion)
- Chart on Japan - Year-over-year growth 2024-2029 (%)
- Data Table on Japan - Year-over-year growth 2024-2029 (%)
- 11.15 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ billion)
- Data Table on France - Market size and forecast 2024-2029 ($ billion)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 11.16 South Korea - Market size and forecast 2024-2029
- Chart on South Korea - Market size and forecast 2024-2029 ($ billion)
- Data Table on South Korea - Market size and forecast 2024-2029 ($ billion)
- Chart on South Korea - Year-over-year growth 2024-2029 (%)
- Data Table on South Korea - Year-over-year growth 2024-2029 (%)
- 11.17 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ billion)
- Data Table on Italy - Market size and forecast 2024-2029 ($ billion)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 11.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ billion)
- Data Tables on Market opportunity By Geographical Landscape ($ billion)
12 Drivers, Challenges, and Opportunity/Restraints
- 12.1 Market drivers
- 12.2 Market challenges
- 12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 12.4 Market opportunities/restraints
13 Competitive Landscape
- 13.1 Overview
- 13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 13.3 Landscape disruption
- Overview on factors of disruption
- 13.4 Industry risks
- Impact of key risks on business
14 Competitive Analysis
- 14.1 Companies profiled
- 14.2 Company ranking index
- 14.3 Market positioning of companies
- Matrix on companies position and classification
- 14.4 Anglo American Platinum Ltd.
- Anglo American Platinum Ltd. - Overview
- Anglo American Platinum Ltd. - Product / Service
- Anglo American Platinum Ltd. - Key offerings
- SWOT
- 14.5 Bal Group
- Bal Group - Overview
- Bal Group - Product / Service
- Bal Group - Key offerings
- SWOT
- 14.6 Barrick Gold Corp.
- Barrick Gold Corp. - Overview
- Barrick Gold Corp. - Product / Service
- Barrick Gold Corp. - Key offerings
- SWOT
- 14.7 First Majestic Silver Corp.
- First Majestic Silver Corp. - Overview
- First Majestic Silver Corp. - Product / Service
- First Majestic Silver Corp. - Key offerings
- SWOT
- 14.8 First Quantum Minerals Ltd.
- First Quantum Minerals Ltd. - Overview
- First Quantum Minerals Ltd. - Product / Service
- First Quantum Minerals Ltd. - Key offerings
- SWOT
- 14.9 Freeport McMoRan Inc.
- Freeport McMoRan Inc. - Overview
- Freeport McMoRan Inc. - Product / Service
- Freeport McMoRan Inc. - Key offerings
- SWOT
- 14.10 Glencore Plc
- Glencore Plc - Overview
- Glencore Plc - Business segments
- Glencore Plc - Key news
- Glencore Plc - Key offerings
- Glencore Plc - Segment focus
- SWOT
- 14.11 Gold Fields Ltd.
- Gold Fields Ltd. - Overview
- Gold Fields Ltd. - Product / Service
- Gold Fields Ltd. - Key offerings
- SWOT
- 14.12 Harmony Gold Mining Co. Ltd.
- Harmony Gold Mining Co. Ltd. - Overview
- Harmony Gold Mining Co. Ltd. - Product / Service
- Harmony Gold Mining Co. Ltd. - Key offerings
- SWOT
- 14.13 Impala Platinum Holdings Ltd.
- Impala Platinum Holdings Ltd. - Overview
- Impala Platinum Holdings Ltd. - Business segments
- Impala Platinum Holdings Ltd. - Key news
- Impala Platinum Holdings Ltd. - Key offerings
- Impala Platinum Holdings Ltd. - Segment focus
- SWOT
- 14.14 Kinross Gold Corp.
- Kinross Gold Corp. - Overview
- Kinross Gold Corp. - Product / Service
- Kinross Gold Corp. - Key offerings
- SWOT
- 14.15 Lundin Mining Corp.
- Lundin Mining Corp. - Overview
- Lundin Mining Corp. - Product / Service
- Lundin Mining Corp. - Key offerings
- SWOT
- 14.16 Newcrest Mining Ltd.
- Newcrest Mining Ltd. - Overview
- Newcrest Mining Ltd. - Product / Service
- Newcrest Mining Ltd. - Key offerings
- SWOT
- 14.17 Newmont Corp.
- Newmont Corp. - Overview
- Newmont Corp. - Business segments
- Newmont Corp. - Key offerings
- Newmont Corp. - Segment focus
- SWOT
- 14.18 Pan American Silver Corp.
- Pan American Silver Corp. - Overview
- Pan American Silver Corp. - Product / Service
- Pan American Silver Corp. - Key offerings
- SWOT
15 Appendix
- 15.1 Scope of the report
- 15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 15.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 15.4 Research methodology
- 15.5 Data procurement
- 15.6 Data validation
- 15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 15.8 Data synthesis
- 15.9 360 degree market analysis
- 360 degree market analysis
- 15.10 List of abbreviations