Global Sheet Metal Market, By Material Type (Steel, Aluminum, Others), Product (Flat Pieces, Coiled Strips), Form Type (Bend Sheet, Punch Sheet, Cut Sheet), Process (Rolling, Forging, Bending, Others), End Users (Automotive and Transportation, Building and Construction, Industrial Machinery, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Sheet metal market size is valued at USD 408.31 billion by 2028 and is expected to grow at a rate of 4.70% for the forecast period of 2021 to 2028. Data Bridge Market Research report on sheet metal market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The sheet metal is one of the common building materials used across various construction sector for various applications, therefore is positively impacting the growth and demand of sheet metal market. Also the various properties of these products such as sheet metal products have high potency and are deployed in sturdy structures which are also boosting scope for sheet metal application and are acting as a key determinant favoring the growth of the market over the forecast period of 2021 to 2028. The major factors accountable for the growth of the sheet metal market are rapid increase in automobile production across the globe, increasing the building and construction industry, and growing demand for sheet metals in the aerospace and defense industry. Beside this, the increasing demand for sheet metal in energy and consumer electronics industry in applications such as washing machines, wind turbines, pipelines and microwaves has positively impacting sheet metal market. The rapidly increasing urban population coupled with an increasing manufacturing sector is also helping the market to grow. Also the various regulatory policies prioritizing the growth and opportunity within the HVACR industry and increasing 3D printing techniques capable of creating holograms, medical equipment and prescriptions for sheet metal fabrications are also raising the market growth. One of the major obstructions to the growth of the sheet metal market is the easy availability of carbon fiber composites.
Furthermore, the rising deployment of CNC machine tools for shaping and molding of sheet metals and advancements in technology such as jerk control, motion control software functions along with AI contour control which help to decrease the cycle time as well as manufacturing cost of each part will further offer a variety of growth opportunities for the sheet metal market.
This sheet metal market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on sheet metal market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Sheet Metal Market Scope and Market Size
Sheet metal market is segmented on the basis of material type, product, form type, process and end users. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material type, the sheet metal market is segmented into steel, aluminum and others.
- The product segment for sheet metal market is segmented into flat pieces and coiled strips.
- Based on form type, the sheet metal market is segmented into bend sheet, punch sheet and cut sheet.
- On the basis of process, the sheet metal market is segmented into rolling, forging, bending and others.
- The end user segment of sheet metal market is segmented into automotive and transportation, building and construction, industrial machinery and others.
Sheet Metal Market Country Level Analysis
Sheet metal market is analyzed and market size, volume information is provided by country, type, material type, product, form type, process and end users as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the sheet metal market owing to the high demand for the product from the various end-use industries such as construction and automotive within this particular region. Asia-Pacific is expected to expand at a significant growth because of the different manufacturing environment in emerging countries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sheet Metal Market Share Analysis
Sheet metal market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to sheet metal market.
The major players covered in the sheet metal market report are NIPPON STEEL CORPORATION, POSCO, JFE Steel Corporation, Shanghai Metal Corporation, Norsk Hydro ASA, ABC Sheet Metal, Arconic, Constellium SE, United States Steel, Admach Auto, Autoline Industries Limited, Associated Materials, Inc., Caparo Group, ATAS International Inc., Tata BlueScope Steel, General Sheet Metal, JBM Group, Alcoa Corporation, Hindalco Industries Ltd., and Baosteel Group Hu among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.