Market Overview:
The global gold bars market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to factors such as the increasing demand for gold bars from investors and central banks, and the rising price of gold. In terms of type, cast bars are expected to dominate the global gold bars market during the forecast period, followed by minted bars. In terms of application, investment is expected to be the largest segment in terms of value during the forecast period, followed by central banks. Regionally, North America is projected to lead in terms of value and volume during 2018-2030 owing to high demand from countries such as Canada and United States.
Product Definition:
Gold bars are a form of physical gold investment. They are typically manufactured in the form of a rectangular prism, although some bullion dealers do produce oddly shaped bars for collectors and investors. The standard size for a gold bar is 100 troy ounces, or about 31 kilograms.
Cast Bars:
Cast bars are ingots produced by pouring molten metal into a mold. The process is mainly used for producing gold bars and silver bars. These products have several advantages over the other forms of bullion such as they can be re-melted, assayed, and remelted multiple times without affecting its purity or weight.
Minted Bars:
Minted bars are gold bullion that has been minted by a government mint. It is produced in different sizes and weights and can be used as an investment or kept as a collectible item. Minting of these products does not affect the intrinsic value of the gold bar, which remains 24k pure gold regardless of who issued it. These bars are available in various sizes such as 1 gram, 5 grams, 10 grams, 20 grams up to 50 grams and above 100 grams.
Application Insights:
The investment application segment dominated the global gold bars market, accounting for more than 50.0% share of the total revenue in 2017. The increasing importance of investments to safeguard savings and earn higher returns is expected to be a key factor driving the demand from this segment over the forecast period. Gold has been considered as a safe haven asset during times of economic uncertainty leading to an increase in its demand as an investment over recent years.
The central banks' application segment is anticipated to witness significant growth owing to growing concerns regarding inflation coupled with monetary policies being adopted by various governments across different countries globally. Inflationary expectations among investors are presumed to influence currency exchange rates which may result in losses on investments made using foreign currencies including the U.
Regional Analysis:
Asia Pacific dominated the global gold bars market in 2017. The region is expected to continue its dominance over the next eight years. This can be attributed to increasing demand for investment, central banks gold reserves and foreign currency reserves in countries such as China, India, Japan and South Korea among others.
The growing population coupled with rising living standards have resulted in increased consumer spending on luxury goods including automobiles and consumer electronics among other things which has led to an increase in bar sales across the globe especially across Asia Pacific. Furthermore Gold Bars are one of the most preferred investments across this region due to their stability over paper currencies as well as physical assets such as real estate or stocks & shares etc., which will lead it remain dominant during the forecast period too.
Central banks around world hold a significant amount of gold stored at their vaults either for liquidity purposes or part of their official reserve asset under Basel III agreement signed by most major economies including U.S.
Growth Factors:
- Increasing demand from the jewelry industry: The global gold jewelry market is expected to grow at a CAGR of 5.5% during the forecast period. This is mainly due to the increasing demand for gold in emerging markets, such as China and India.
- Rising investment in gold: Gold is considered a safe investment option and its popularity has been on the rise in recent years, especially among investors looking for portfolio diversification options. This is expected to drive the growth of the global gold bars market during the forecast period.
- Growing use of gold in electronics: With technological advancements, there has been an increase in demand for gold in electronic devices such as smartphones and tablets. This is expected to boost growth of the global Gold Bars market duringthe forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Gold Bars Market Research Report
By Type
Cast Bars, Minted Bars
By Application
Investment, Cnetral Banks
By Companies
Umicore, Argor-Heraeus, Metalor Technologies, Chimet, Aurubis, Jiangxi Copper Company, Shandong Zhaojin Gold and Silver Refinery, Zijin Mining Group, Asahi Refining, CCR Refinery, Royal Canadian, Shandong Gold Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
169
Number of Tables & Figures
119
Customization Available
Yes, the report can be customized as per your need.
Global Gold Bars Market Report Segments:
The global Gold Bars market is segmented on the basis of:
Types
Cast Bars, Minted Bars
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Investment, Cnetral Banks
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Umicore
- Argor-Heraeus
- Metalor Technologies
- Chimet
- Aurubis
- Jiangxi Copper Company
- Shandong Zhaojin Gold and Silver Refinery
- Zijin Mining Group
- Asahi Refining
- CCR Refinery
- Royal Canadian
- Shandong Gold Group
Highlights of The Gold Bars Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cast Bars
- Minted Bars
- By Application:
- Investment
- Cnetral Banks
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Gold Bars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Gold bars are a type of bullion that is made up of gold coins that have been cast into rectangular blocks. Gold bars are often stored in vaults or other secure locations to protect them from theft or damage.
Some of the major companies in the gold bars market are Umicore, Argor-Heraeus, Metalor Technologies, Chimet, Aurubis, Jiangxi Copper Company, Shandong Zhaojin Gold and Silver Refinery, Zijin Mining Group, Asahi Refining, CCR Refinery, Royal Canadian, Shandong Gold Group.
The gold bars market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Gold Bars Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Gold Bars Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Gold Bars Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Gold Bars Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Gold Bars Market Size & Forecast, 2018-2028
4.5.1 Gold Bars Market Size and Y-o-Y Growth
4.5.2 Gold Bars Market Absolute $ Opportunity
Chapter 5 Global Gold Bars Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Gold Bars Market Size Forecast by Type
5.2.1 Cast Bars
5.2.2 Minted Bars
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Gold Bars Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Gold Bars Market Size Forecast by Applications
6.2.1 Investment
6.2.2 Cnetral Banks
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Gold Bars Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Gold Bars Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Gold Bars Analysis and Forecast
9.1 Introduction
9.2 North America Gold Bars Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Gold Bars Market Size Forecast by Type
9.6.1 Cast Bars
9.6.2 Minted Bars
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Gold Bars Market Size Forecast by Applications
9.10.1 Investment
9.10.2 Cnetral Banks
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Gold Bars Analysis and Forecast
10.1 Introduction
10.2 Europe Gold Bars Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Gold Bars Market Size Forecast by Type
10.6.1 Cast Bars
10.6.2 Minted Bars
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Gold Bars Market Size Forecast by Applications
10.10.1 Investment
10.10.2 Cnetral Banks
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Gold Bars Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Gold Bars Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Gold Bars Market Size Forecast by Type
11.6.1 Cast Bars
11.6.2 Minted Bars
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Gold Bars Market Size Forecast by Applications
11.10.1 Investment
11.10.2 Cnetral Banks
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Gold Bars Analysis and Forecast
12.1 Introduction
12.2 Latin America Gold Bars Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Gold Bars Market Size Forecast by Type
12.6.1 Cast Bars
12.6.2 Minted Bars
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Gold Bars Market Size Forecast by Applications
12.10.1 Investment
12.10.2 Cnetral Banks
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Gold Bars Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Gold Bars Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Gold Bars Market Size Forecast by Type
13.6.1 Cast Bars
13.6.2 Minted Bars
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Gold Bars Market Size Forecast by Applications
13.10.1 Investment
13.10.2 Cnetral Banks
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Gold Bars Market: Competitive Dashboard
14.2 Global Gold Bars Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Umicore
14.3.2 Argor-Heraeus
14.3.3 Metalor Technologies
14.3.4 Chimet
14.3.5 Aurubis
14.3.6 Jiangxi Copper Company
14.3.7 Shandong Zhaojin Gold and Silver Refinery
14.3.8 Zijin Mining Group
14.3.9 Asahi Refining
14.3.10 CCR Refinery
14.3.11 Royal Canadian
14.3.12 Shandong Gold Group
