The Sheet Metal Global Market Report 2023, provides comprehensive information on the sheet metal market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/sheet-metal-global-market-report
As per The Business Research Company’s Sheet Metal Global Market Report 2023, the global sheet metal market size is expected to grow from $296.41 billion in 2022 to $314.13 billion in 2023 at a compound annual growth rate (CAGR) of 5.98%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every markets across the globe. The global sheet metal market size is expected to reach $386.87 billion in 2027 at a CAGR of 5.35%.
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Technology advancements are the key trends gaining popularity in the sheet metal market. Major companies operating in the sheet metal market are adopting innovative technologies to sustain their position in the market. For instance, in September 2022, Desktop Metal Inc., a US-based technology company that designs and markets 3D printing systems, launched Figure G15, a new digital sheet forming (DSF) technology. This innovative technology allows standard metal sheets to be formed into parts using a software-controlled ceramic tool head mounted on a gantry. Additionally, a variety of metals and sheet thicknesses, such as steel up to 2.0 mm thick and aluminum up to 2.5 mm thick, can be processed.
The sheet metal market is segmented:
1) By Material: Steel, Aluminum, Titanium, Other Materials
2) By Process: Rolling, Forging, Bending, Other Process
3) By End User: Automotive, Defense, Aerospace, Industrial Tool And Machinery, Buildings And Construction, Home Appliances, Consumer Goods, Other End Users
Asia-Pacific was the largest region in the sheet metal market in 2022.
The table of contents in TBRC’s sheet metal market report includes:
- 1. Executive Summary
- Sheet Metal Market Characteristics
- Sheet Metal Market Trends And Strategies
- Sheet Metal Market – Macro Economic Scenario
- Sheet Metal Market Size And Growth
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- Africa Sheet Metal Market
- Sheet Metal Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Sheet Metal Market
- Sheet Metal Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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