Sheet Metal Market To Reach A Valuation Of Over US$ 496 Bn By 2031-End

The latest industry analysis on Sheet Metal provides sales outlook in 20+ countries, across key categories Product, Application, Sales Channel. Insights on Sheet Metal market drivers, trends, and influencing factors are also included in the study.

The detailed research report on the global (Sheet Metal) market focuses on the macro as well as microeconomic factors that are helping its development. The report also concentrates on the regulatory framework that is shaping the future of the global market. Furthermore, the research report also makes not of the existing as well as prevailing pricing structure, emerging areas of applications, and imminent investment opportunities in the global market.

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The Sheet Metal study outlines the key regions – North America, Latin America, Europe and East Asia – along with the countries contributing the most in the respective regions. The report presents detailed insights about each market player, including SWOT analysis, main market information, market share, revenue, pricing and gross margin.

Key Sheet Metal Survey Highlights and Projections

  • Fact.MR analysis provides Sheet Metal demand-supply assessment, revealing Sheet Metal sales to grow from US$ XX in 2022 to US$ XX in 2031
  • The report provides sales outlook on Sheet Metal, opining Sheet Metal revenues to register a CAGR of 8% during 2022-2031
  • Sales Channel will remain the largest category on the basis of retail, holding XX% market share
  • Sheet Metal sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Sheet Metal demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth
  • Japan and South Korea Sheet Metal demand likely to grow at a steady clip during 2022-2031

Competitive Landscape

Competition in the global sheet metal market is expected to rise, with players focusing on gaining a competitive advantage and increasing their market foothold.

  • In August 2021, Cornerstone Building Brands, Inc. announced that it has completed the previously announced sale of its Insulated Metal Panels business to Nucor Insulated Panel Group, Inc. and certain of its subsidiaries in a cash transaction for $1 billion.
  • In August 2021, ATAS International announced the launch of a new linear ceiling panel, the Opaline metal panel. This flexible panel, in four profiles, can be used as a linear metal ceiling.  It can be snapped into a suspension carrier to create a complete system, or mechanically attached to most standard substrates.

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Key Takeaways from the Market Study

  • Steel based sheet metal to create absolute $ opportunity of US$ 107 Bn by 2031
  • Aluminum based sheet metal to surge at a CAGR of 5% over the forecast period
  • Automotive industry poised to account for over 25% of the revenue share
  • Sheet metal for construction applications to account for 55% of the overall revenue
  • North America to experience a growth of nearly 5% across the forecast period
  • Over half of sheet metal sales to be stimulated by East Asia through 2031
  • South Asia to surge at around 5% value CAGR across the forthcoming decade
  • Europe to account for nearly 1/4th of the sheet metal industry revenue until 2031

“Mounting emissions concerns is prompting automotive manufacturers to incorporate lightweight construction material for various components, impelling sales of sheet metals of various grades”, says the Fact.MR analyst.

What insights does the Sheet Metal report provide to the readers?

  • Sheet Metal fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Sheet Metal
  • Various regulations imposed by the governments on the consumption of Sheet Metal in detail.

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Key Segments Covered

  • Material
    • Steel Sheet Metal
    • Aluminum Sheet Metal
    • Titanium Sheet Metal
    • Other Sheet Metal Material
  • Application
    • Sheet Metal for Vehicle Bodies
    • Sheet Metal for Construction
    • Sheet Metal for Electrical Appliances
    • Sheet Metal for Fuselage
    • Sheet Metal for Storage and Packaging
    • Sheet Metal for Other Applications
  • End Use
    • Sheet Metal for Automotive Sector
    • Sheet Metal for Defense
    • Sheet Metal for Aerospace Industry
    • Sheet Metal for Industrial Tools & Machinery
    • Sheet Metal for Building & Construction
    • Sheet Metal for Home Appliances
    • Sheet Metal for Other End Uses

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