NEW YORK, June 26, 2023 /PRNewswire/ — The sheet metal market is to grow by USD 73.29 billion from 2022 to 2027 progressing at a CAGR of 3.84% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The growth in the manufacturing sector is notably driving the sheet metal market growth. The development of the manufacturing sector is directly associated with the demand for sheet metal products, such as parts and components. However, the demand for sheet metal products is expected to grow as the manufacturing industry persists to expand and innovate. Further, the capacity to produce high-quality products more effectively owing to technological advancements in sheet metal manufacturing, including automation and robotics, has improved the market for sheet metal products in a variety of applications. With the growing production of passenger planes as well as aerospace and defence gear, the growth of the target market will also be fueled. Thus, such factors will drive the market growth during the forecast period. Here is an Exclusive report talking about Market scenarios, Estimates, the impact of the lockdown, and Customer Behaviour. Download Sample Report in minutes!

The sheet metal market covers the following areas:

• Sheet Metal Market Sizing
• Sheet Metal Market Forecast
• Sheet Metal Market Analysis

The report on the sheet metal market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

Sheet Metal Market – Market Dynamics

Major Trends

Advances in the aluminum market are emerging trends influencing the sheet metal market growth. Aluminum is one of the primary raw materials used to produce sheet metal. Any product or technological advancement in the aluminum market will directly impact the global sheet metal market. It is an essential material used to make drink cans and parts for aeroplanes, cars, laptops, and mobile phones. Moreover, the production of aluminum causes a considerable amount of carbon emissions, which damages the environment. New technological developments have to overcome this to lower CO2 emissions and production-related costs. Rather than using carbon-rich anodes in the process, inert anodes produce oxygen instead of carbon dioxide. The augmented use of these manufacturing processes will therefore improve aluminum production globally, which will, in turn, fuel the production of sheet metals. Therefore, such factors will drive market growth during the forecast period.

What’s New? –

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!

Significant Challenges

The fluctuating cost of raw materials is a major challenge hindering the sheet metal market growth. The price of sheet metal will be directly influenced by differences in the price of the raw materials used to make different metals, such as aluminium, iron, stainless steel, silver, and copper. Small changes in price can result in a significant increase in the overall cost due to buyers’ purchases of large quantities of the product due to the numerous industries that use sheet metal. However, this unexpected cost increase may result in low demand and significant losses due to the high cost of inventory. Further, buyers have a preference for alternatives in the event of increasing raw material costs. Therefore, such factors are expected to hinder the growth of the global market during the forecast period. 

Sheet Metal Market: Market Segmentation

This report extensively covers market segmentation by end-user (building and construction, automotive, machinery, and others), material (steel, aluminium, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).

• The market share growth by the building and construction segment will be significant during the forecast period. Generally, in the building and construction industry, sheet metal is used for roofing, wall cladding, and structural support. Because of its sturdiness, adaptability, and durability, the building and construction industry places a high value on sheet metal. Further, to enhance its impression and shield it from the elements, sheet metal can be finished in numerous ways, such as painting, powder coating, or anodizing. Sheet metal is utilised in the building industry for various purposes, including fabrication, roofing, and room dividing in both residential and commercial construction. However, in order to take benefit of globalization and attract investment from multiple foreign enterprises, the governments of countries like China and India are investing heavily in infrastructure development. Due to an expansion in construction activities, infrastructure development, and renovation projects around the world, the market for sheet metal in the building and construction industry is expected to grow over the next few years. Therefore such factors will also drive the segment’s growth during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• ABC Sheet Metal
• Acosta Sheet Metal Manufacturing Inc.
• Aditya Birla Management Corp. Pvt. Ltd.
• Alcoa Corp.
• Arconic Corp.
• Baosteel Group Corp.
• Bud Industries Inc.
• Cadrex
• Constellium SE
• General Sheet Metal Works Inc.
• JFE Holdings Inc.
• Kaiser Aluminum Corp.
• Nippon Steel Corp.
• POSCO Holdings Inc.
• Prototek Holdings LLC
• Shanghai Metal Corp.
• Tata BlueScope Steel Pvt. Ltd.
• Tata Sons Pvt. Ltd.
• United States Steel Corp.
• Hulamin Ltd.

Vendor Offerings

• ABC Sheet Metal – The company offers sheet metal such as Sheet Metal Fabrication and Metal Casting.
• Acosta Sheet Metal Manufacturing Inc. – The company offers sheet metals such as HVAC, roofing, and architectural metals for both commercial and residential applications.
• Aditya Birla Management Corp. Pvt. Ltd. – The company offers sheet metal under the brand Hindalco.

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Key Topics Covered:

1 Executive Summary

• 1.1 Market Overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global sheet metal market 2017 – 2021
• Exhibit 18: Historic Market Size – Data Table on Global sheet metal market 2017 – 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 – 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)

• 4.3 Material Segment Analysis 2017 – 2021
• Exhibit 20: Historic Market Size – Material Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Building and construction – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Building and construction – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Building and construction – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Building and construction – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Building and construction – Year-over-year growth 2022-2027 (%)

• 6.4 Automotive – Market size and forecast 2022-2027
• Exhibit 38: Chart on Automotive – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Automotive – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Automotive – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Automotive – Year-over-year growth 2022-2027 (%)

• 6.5 Machinery – Market size and forecast 2022-2027
• Exhibit 42: Chart on Machinery – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Machinery – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Machinery – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Machinery – Year-over-year growth 2022-2027 (%)

• 6.6 Others – Market size and forecast 2022-2027
• Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 50: Market opportunity by End-user ($ billion)
• Exhibit 51: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Material

• 7.1 Market segments 
• Exhibit 52: Chart on Material – Market share 2022-2027 (%)
• Exhibit 53: Data Table on Material – Market share 2022-2027 (%)

• 7.2 Comparison by Material 
• Exhibit 54: Chart on Comparison by Material
• Exhibit 55: Data Table on Comparison by Material

• 7.3 Steel – Market size and forecast 2022-2027
• Exhibit 56: Chart on Steel – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Steel – Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Steel – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Steel – Year-over-year growth 2022-2027 (%)

• 7.4 Aluminum – Market size and forecast 2022-2027
• Exhibit 60: Chart on Aluminum – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Aluminum – Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Aluminum – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Aluminum – Year-over-year growth 2022-2027 (%)

• 7.5 Others – Market size and forecast 2022-2027
• Exhibit 64: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Material 
• Exhibit 68: Market opportunity by Material ($ billion)
• Exhibit 69: Data Table on Market opportunity by Material ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 North America – Market size and forecast 2022-2027
• Exhibit 83: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027
• Exhibit 91: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 China – Market size and forecast 2022-2027
• Exhibit 95: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.9 US – Market size and forecast 2022-2027
• Exhibit 99: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027
• Exhibit 103: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 Japan – Market size and forecast 2022-2027
• Exhibit 107: Chart on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Japan – Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Japan – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027
• Exhibit 111: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 ABC Sheet Metal 
• Exhibit 123: ABC Sheet Metal – Overview
• Exhibit 124: ABC Sheet Metal – Product / Service
• Exhibit 125: ABC Sheet Metal – Key offerings

• 12.4 Acosta Sheet Metal Manufacturing Inc.
• Exhibit 126: Acosta Sheet Metal Manufacturing Inc. – Overview
• Exhibit 127: Acosta Sheet Metal Manufacturing Inc. – Product / Service
• Exhibit 128: Acosta Sheet Metal Manufacturing Inc. – Key offerings

• 12.5 Aditya Birla Management Corp. Pvt. Ltd.
• Exhibit 129: Aditya Birla Management Corp. Pvt. Ltd. – Overview
• Exhibit 130: Aditya Birla Management Corp. Pvt. Ltd. – Product / Service
• Exhibit 131: Aditya Birla Management Corp. Pvt. Ltd. – Key offerings

• 12.6 Alcoa Corp. 
• Exhibit 132: Alcoa Corp. – Overview
• Exhibit 133: Alcoa Corp. – Business segments
• Exhibit 134: Alcoa Corp. – Key offerings
• Exhibit 135: Alcoa Corp. – Segment focus

• 12.7 Arconic Corp. 
• Exhibit 136: Arconic Corp. – Overview
• Exhibit 137: Arconic Corp. – Business segments
• Exhibit 138: Arconic Corp. – Key offerings
• Exhibit 139: Arconic Corp. – Segment focus

• 12.8 Baosteel Group Corp. 
• Exhibit 140: Baosteel Group Corp. – Overview
• Exhibit 141: Baosteel Group Corp. – Product / Service
• Exhibit 142: Baosteel Group Corp. – Key offerings

• 12.9 Bud Industries Inc. 
• Exhibit 143: Bud Industries Inc. – Overview
• Exhibit 144: Bud Industries Inc. – Product / Service
• Exhibit 145: Bud Industries Inc. – Key offerings

• 12.10 General Sheet Metal Works Inc. 
• Exhibit 146: General Sheet Metal Works Inc. – Overview
• Exhibit 147: General Sheet Metal Works Inc. – Product / Service
• Exhibit 148: General Sheet Metal Works Inc. – Key offerings

• 12.11 JFE Holdings Inc. 
• Exhibit 149: JFE Holdings Inc. – Overview
• Exhibit 150: JFE Holdings Inc. – Business segments
• Exhibit 151: JFE Holdings Inc. – Key news
• Exhibit 152: JFE Holdings Inc. – Key offerings
• Exhibit 153: JFE Holdings Inc. – Segment focus

• 12.12 Nippon Steel Corp. 
• Exhibit 154: Nippon Steel Corp. – Overview
• Exhibit 155: Nippon Steel Corp. – Business segments
• Exhibit 156: Nippon Steel Corp. – Key offerings
• Exhibit 157: Nippon Steel Corp. – Segment focus

• 12.13 POSCO holdings Inc. 
• Exhibit 158: POSCO holdings Inc. – Overview
• Exhibit 159: POSCO holdings Inc. – Business segments
• Exhibit 160: POSCO holdings Inc. – Key offerings
• Exhibit 161: POSCO holdings Inc. – Segment focus

• 12.14 Prototek Holdings LLC 
• Exhibit 162: Prototek Holdings LLC – Overview
• Exhibit 163: Prototek Holdings LLC – Product / Service
• Exhibit 164: Prototek Holdings LLC – Key offerings

• 12.15 Shanghai Metal Corp. 
• Exhibit 165: Shanghai Metal Corp. – Overview
• Exhibit 166: Shanghai Metal Corp. – Product / Service
• Exhibit 167: Shanghai Metal Corp. – Key offerings

• 12.16 Tata Sons Pvt. Ltd. 
• Exhibit 168: Tata Sons Pvt. Ltd. – Overview
• Exhibit 169: Tata Sons Pvt. Ltd. – Business segments
• Exhibit 170: Tata Sons Pvt. Ltd. – Key offerings
• Exhibit 171: Tata Sons Pvt. Ltd. – Segment focus

• 12.17 United States Steel Corp. 
• Exhibit 172: United States Steel Corp. – Overview
• Exhibit 173: United States Steel Corp. – Business segments
• Exhibit 174: United States Steel Corp. – Key news
• Exhibit 175: United States Steel Corp. – Key offerings
• Exhibit 176: United States Steel Corp. – Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations 
• Exhibit 183: List of abbreviations

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