Sheet Metal Market Report: Trends, Forecast and Competitive Analysis to 2030

Sheet Metal Market Report: Trends, Forecast and Competitive Analysis to 2030

Sheet Metal Trends and Forecast

The future of the global sheet metal market looks promising with opportunities in the building & construction, automotive & transportation, consumer appliance, and energy markets. The global sheet metal market is expected to reach an estimated $369.1 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are increase in constructional activities and rise in adoption of lightweight materials for fuel efficiency.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Sheet Metal by Segment

The study includes a forecast for the global sheet metal by type, process, end use, and region.

Sheet Metal Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Steel
• Aluminium

Sheet Metal Market by Process [Shipment Analysis by Value from 2018 to 2030]:

• Rolling
• Forging
• Bending

Sheet Metal Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Building & Construction
• Automotive & Transportation
• Consumer Appliance
• Energy
• Others

Sheet Metal Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Sheet Metal Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sheet metal companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sheet metal companies profiled in this report include-

• POSCO
• JFE Steel
• Baosteel
• Norsk Hydro
• Aaronic
• Alcoa
• United States Steel
• Aleris
• Constellium
• Kaiser Aluminium

Sheet Metal Market Insights

Lucintel forecasts that rolling will remain the largest segment over the forecast period.

Within this market, building & construction will remain the largest segment over the forecast period.

APAC is expected to witness highest growth over the forecast period.

Features of the Global Sheet Metal Market

Market Size Estimates: Sheet metal market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Sheet metal market size by type, process, end use, and region in terms of value ($B).

Regional Analysis: Sheet metal market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, processes, end uses, and regions for the sheet metal market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sheet metal market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the sheet metal market size?

Answer: The global sheet metal market is expected to reach an estimated $369.1 billion by 2030.

Q2. What is the growth forecast for sheet metal market?

Answer: The global sheet metal market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the sheet metal market?

Answer: The major drivers for this market are increase in constructional activities and rise in adoption of lightweight materials for fuel efficiency.

Q4. What are the major segments for sheet metal market?

Answer: The future of the sheet metal market looks promising with opportunities in the building & construction, automotive & transportation, consumer appliance, and energy markets.

Q5. Who are the key sheet metal market companies?

Answer: Some of the key sheet metal companies are as follows:

• POSCO
• JFE Steel
• Baosteel
• Norsk Hydro
• Aaronic
• Alcoa
• United States Steel
• Aleris
• Constellium
• Kaiser Aluminium

Q6. Which sheet metal market segment will be the largest in future?

Answer: Lucintel forecasts that rolling will remain the largest segment over the forecast period.

Q7. In sheet metal market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the sheet metal market by type (steel and aluminium), process (rolling, forging, and bending), end use (building & construction, automotive & transportation, consumer appliance, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?Please note: It will take 2-3 business days to deliver the report upon receipt the order.