News Contact Us

Sheet Metal Market Set To See Strong Growth by 2024

Author : Rahul Varpe | Published Date : 2019-03-26 

According to product, the sheet metal market can be segmented into flat pieces and coiled strips. Flat pieces of metal are primarily formed by rolling, and then bent over or cut into various shapes for its further uses. These sheets are in varied thickness from extremely thin sheet known as foil to pieces that are up to 6 mm thick. Pieces thicker than 6 mm or 0.25 inches are known as plates. Coiled strips are formed from these metal sheets by running a continuous metal sheet through a roll slitter.

Global Sheet Metal Market Size will have a healthy growth in coming years due to its wide applications in industries such as automobile and aerospace & defense. The product is formed as a result of industrial processing of metal into thin and flat sheets and further cutting them into the required shapes.

Rapid economic expansion in developing nations, coupled with rising disposable income of people are the major factors driving the global automobile industry. Developed countries already have a large number of automobiles, while the developing countries are boosting the automotive sales due to evolving infrastructural facilities, rising living standards and economic growth. The global automotive sales in 2016 was recorded over 93.8 million units and is expected to grow at a substantial rate in the forecast period. This, in turn, will drive the global sheet metal market demand considerably.

To access the table of contents or view the Sheet Metal Market report in detail, please click the link below: www.gminsights.com/request-toc/upcoming/1609

Based on material, the global sheet metal market can be classified into steel and aluminum. Steel may be further classified into four basic categories such as carbon, alloy, stainless and tool steel. These exhibit different properties by nature and hence are used in different applications in the form of sheets. Carbon steel exhibits good strength and formability.

Alloy steel is the most easily available and cost effective product among these and is more responsive to electricity and heat than the carbon steel. Stainless steel product is commonly used owing to its excellent corrosion resistance properties, good resistance to stress induced cracking, good weldability and formability. Tool steel is the combination of alloy and carbon which is well-suited for the making of tools and exhibits resistance to abrasion and distinctive hardness.

Taking Asia Pacific regions into consideration, countries like China and India are the primary sheet metal market, owing to the rise in the amount of construction and booming automobile industry. Europe and North America are also projected to be the key markets owing to the building and construction industry in these regions. Developing automobile and construction industry in the Latin America is likely to fuel the demand for sheet metal market in the near future.

Key players operating in the global sheet metal market include General Sheet Metal Works, Bud Industries, BlueScope Steel, ATAS International, &E Manufacturing, ABC Sheet Metal, Associated Materials, Autoline Industries, Prototek, Noble Industries, Wise Alloys, Alcoa, United States Steel Corporation, Nucor Corporation, NCI Building Systems, Pepco Manufacturing, Proto-D Engineering, Southwark Metal, Deepesh pressing, Fabrimech Engineers, Nimex International, Rajhans Pressings, Dhananjay Group, Aero Tech Manufacturing, and Vinman Engineering.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

Related News

Tower Crane Market Growth Analysis to 2025 – APAC Industry size to Register 9.5% CAGR

Published Date: 2019-09-17         Author: Rahul Varpe

According to the World Economic Forum, construction is a massively proliferating industry in APAC with numerous economies in the region building their way to a more developed & interconnected future. From extensive redevelopment projects that aim to reinvigorate ageing transport-hubs to new sche... Read More

Civil Engineering Market Growth Opportunities to 2024 - U.S Industry to grow over $1830 billion

Published Date: 2019-09-17         Author: Rahul Varpe

The U.S. Civil Engineering Market will collect a revenue of USD 1830 billion by 2025. The escalating investments in industrial infrastructure, commercial, and residential sectors across this region will augment the industry growth. Furthermore, the government has been implementing numerous legislati... Read More

Asia Pacific Material Handling Equipment Market 2019 - 25 | Global revenue to surpass $80 bn

Published Date: 2019-09-17         Author: Rahul Varpe

Industrial sector in APAC has lately been under pressure to shift its focus toward robotic technologies owing to the hike in labor costs. The growing operational productivity and efficiencies in warehouses through the applications of these systems are enabling the companies to enhance their sales an... Read More

© 2019 Fractovia. All Rights Reserved