USD 47.06 billion
Report ID: SQMIG15L2002 | Region: Global | Published Date: October, 2022 | Pages: 157 | Tables: 61 | Figures: 64
Gold Bullion Market is valued at USD 47.06 billion in 2021 and is projected to attain a market size of 104.68 billion by 2028 at a CAGR of 12.10% during the forecast period (2022-2028)
The gold bullion market is growing rapidly, as investors seek to protect their wealth. The demand for gold has never been higher, and there are a number of reasons for this. There are many factors that contribute to the demand for gold, but one of the most important is the uncertainty in the economy. Many people are worried about the future, and they want to protect their money by investing in assets that are immune to economic fluctuations.
Gold is a very stable investment, and it has remained relatively unchanged over the past few years. This makes it an attractive option for people who are worried about the future. Another reason why the gold bullion market is booming is because of inflation. Many people believe that inflation is a threat to the economy, and they want to protect their savings by investing in assets that will not be impacted by inflation. Gold is not affected by inflation, which makes it an attractive option for investors who want to protect their money from inflation. The demand for gold bullion is growing rapidly, and there are a number of reasons why this is happening.
US Gold Bullion Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 47.06 billion
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Global gold bullion market is segmented by type, distribution channel, and region. For better understanding, we have sub-segment the type into gold bar and gold coin. Moving ahead, we have further categorized the distribution channel segment into offline and online channel. By region, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Gold Bullion Market Analysis by Type
Global gold bullion market is a booming one, with investors searching for the safest and most reliable way to protect their wealth. One of the most popular ways to store gold is in bars, and this market is dominated by gold bars.
Gold bars are the most sought-after form of gold bullion, as they offer a high degree of security and are easy to store. They are also relatively easy to trade, making them ideal for investors who want to easily move their money around. In fact, the gold bar market is so large that it has its own exchange, known as the London Bullion Market Association (LBMA). The LBMA oversees the trading of gold bars around the world, ensuring that they are always available and that they are accurately priced.
Gold bars come in a variety of forms and weights, making them perfect for different types of investors in the global gold bullion market. For example, those who want to invest in gold but don’t have a lot of space can opt for smaller bars that are easier to store. Meanwhile, others may prefer larger bars that offer more security. Regardless of the weight or form, all gold bars undergo rigorous testing before they are released into the market, ensuring that they are of high quality.
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Asia Pacific to continue dominating the global gold bullion market. Asia Pacific region accounted for 36% of global gold demand in 2016. The growth of the Asian economies has led to increased gold demand, as investors seek safe havens and alternative investments. The demand for gold in Asia Pacific is driven by a number of factors. One reason is the stability of the region's economies and currencies, which are some of the strongest in the world. Investors also view gold as a safe haven investment option in times of uncertainty. In addition, the increasing consumption of luxury goods in Asia Pacific countries such as India and China has fueled demand for gold bullion as an investment vehicle for purchasing these items.
Despite this strong demand in the global gold bullion market, there are some challenges facing the growth of the Asian gold market. For one, some countries in the region have been reluctant to open their markets to foreign investment, which has restricted access to resources and hindered innovation. Additionally, regulatory changes could have a negative impact on the sector if they are not done properly.
The Asia Pacific region is the largest gold bullion market, accounting for over 50% of global demand. In 2019, demand for gold bullion in the Asia Pacific region was estimated at 4,600 metric tons. The majority of demand comes from China and India, which together account for more than 60% of regional demand. Gold is seen as a safe investment option and a store of value in the Asia Pacific region, where economic growth has been strong in recent years. Investment demand for gold bullion in the region has been growing at a rapid pace, with China becoming the largest market for gold bars and coins in 2019. The increase in investment demand has been driven by concerns about economic stability and currency devaluation.
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Gold Bullion Market Driver
Gold Bullion Market Restraint
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Gold bullion is a highly sought-after commodity, and as such, companies are always looking for ways to gain an edge in the global gold bullion market. One way that companies compete in the gold bullion market is by offering investors a variety of options when it comes to purchasing gold. For example, some companies may offer gold bullion coins while others may offer bars or ingots. This variety allows investors to choose the option that best suits their needs and preferences.
Another way that companies compete in the gold bullion market is by offering competitive prices. Since there is a lot of competition in this market, companies often have to undercut each other on price in order to attract and retain customers. This can be a very difficult task, as margins are often razor thin. However, those companies that are able to successfully compete on price often reap the rewards in terms of increased sales and market share.
Finally, companies also compete in the gold bullion market by trying to create brand loyalty among investors. This can be done in a number of ways, but one common tactic is through marketing campaigns that tout the quality of a company's products. These campaigns can be very effective in attracting new customers and convincing existing ones to stick with a particular brand.
Gold Bullion Market Top Player's Company Profiles
Gold Bullion Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
SkyQuest Technology has bullish outlooks for the gold bullion market and believe that it will continue to thrive in the coming years. Moreover, it believes that we are currently in the midst of a “new era” for gold. there are four main drivers of this new era for gold: 1) safe haven demand due to increased geopolitical risk; 2) structural decline in interest rates; 3) quantitative easing by major central banks; and 4) inflationary pressures starting to build. All of these factors are expected to lead to continued strong demand for gold bullion going forward.
|Market size value in 2021||USD 47.06 billion|
|Market size value in 2028||47.06 billion|
|Forecast Unit (Value)||Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Gold Bullion Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Gold Bullion Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Product ID: SQMIG15L2002