The market is driven by the growth in the machine tools market. The manufacturing industry is observing significant growth in developing countries such as China and India with the launch of various industry-friendly policies by governments. This has led to the establishment of various manufacturing facilities in these countries which has increased the demand for machine tools. The machine tools market is also witnessing significant growth owing to other factors such as rising automobile production, increasing investments in renewable power projects, and technological innovations across various sectors such as semiconductors, heavy equipment, and robotics. All these factors are fostering the growth of the global machine tools market. This, in turn, is increasing the production of sheet metals, thereby driving the growth of the market in focus.
As per Technavio, the adoption of 3D (3 dimensional) technologies for sheet metal production will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2022-2026.
Sheet Metal Market: Adoption of 3D (3 dimensional) technologies for sheet metal production
Vendors in the market are considering the adoption of 3D technologies to improve the efficiency of production and gain an edge over their rivals. For instance, the use of 3D printing technology reduces the operating cost and turnaround time. This is driving many end-users across the automotive and aerospace industries to invest in such technologies. Over the forecast period, the 3D printing market in the aerospace industry is expected to reach nearly USD 3 billion. Many such developments are expected to significantly increase the demand for sheet metal and drive the growth of the market.
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Sheet Metal Market: Segmentation Analysis
This market research report segments the sheet metal market by end-user (building and construction, automotive, machinery, and others) and geography (APAC, Europe, North America, Middle East and Africa, and South America).
The APAC region led the sheet metal market in 2021, followed by Europe, North America, the Middle East and Africa, and South America respectively. During the forecast period, APAC is expected to register the highest incremental growth due to increasing sales of automobiles and the rising number of construction activities in the region. China and Japan are the key markets for sheet metal in APAC. The market growth in the region will be faster than the growth of the market in other regions.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Related Reports:
Organometallics Market by End-user and Geography - Forecast and Analysis 2022-2026
3D-printed Composite Materials Market by Type and Geography - Forecast and Analysis 2022-2026
Sheet Metal Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.14% |
Market growth 2022-2026 |
USD 76.39 billion |
Market structure |
Concentrated |
YoY growth (%) |
3.85 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 50% |
Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
A and E Manufacturing Co. Inc., ABC Sheet Metal, Acosta Sheet Metal Manufacturing Inc., Alcoa Corp., Arconic Inc., Avitron Components Pvt. Ltd., Baosteel Group Corp., Bud Industries Inc., Constellium SE, General Sheet Metal Works Inc., Hindalco Industries Ltd., Hulamin Ltd., JFE Holdings Inc., Kaiser Aluminum Corp., POSCO, Prototek Holdings LLC, Shanghai Metal Corp., Tata BlueScope Steel Pvt. Ltd., Tata Sons Pvt. Ltd., Tenere Inc., and United States Steel Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
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 Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Building and construction - Market size and forecast 2021-2026
- Exhibit 28: Chart on Building and construction - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Building and construction - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Building and construction - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Building and construction - Year-over-year growth 2021-2026 (%)
- 5.4 Automotive - Market size and forecast 2021-2026
- Exhibit 32: Chart on Automotive - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Automotive - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Automotive - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Automotive - Year-over-year growth 2021-2026 (%)
- 5.5 Machinery - Market size and forecast 2021-2026
- Exhibit 36: Chart on Machinery - Market size and forecast 2021-2026 ($ billion)
- Exhibit 37: Data Table on Machinery - Market size and forecast 2021-2026 ($ billion)
- Exhibit 38: Chart on Machinery - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Machinery - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ billion)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by End-user
- Exhibit 44: Market opportunity by End-user ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ billion)
- Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Canada - Market size and forecast 2021-2026
- Exhibit 90: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 91: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 92: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 Acosta Sheet Metal Manufacturing Inc.
- Exhibit 101: Acosta Sheet Metal Manufacturing Inc. - Overview
- Exhibit 102: Acosta Sheet Metal Manufacturing Inc. - Product / Service
- Exhibit 103: Acosta Sheet Metal Manufacturing Inc. - Key offerings
- 10.4 Baosteel Group Corp.
- Exhibit 104: Baosteel Group Corp. - Overview
- Exhibit 105: Baosteel Group Corp. - Product / Service
- Exhibit 106: Baosteel Group Corp. - Key offerings
- 10.5 Bud Industries Inc.
- Exhibit 107: Bud Industries Inc. - Overview
- Exhibit 108: Bud Industries Inc. - Product / Service
- Exhibit 109: Bud Industries Inc. - Key offerings
- 10.6 General Sheet Metal Works Inc.
- Exhibit 110: General Sheet Metal Works Inc. - Overview
- Exhibit 111: General Sheet Metal Works Inc. - Product / Service
- Exhibit 112: General Sheet Metal Works Inc. - Key offerings
- 10.7 JFE Holdings Inc.
- Exhibit 113: JFE Holdings Inc. - Overview
- Exhibit 114: JFE Holdings Inc. - Business segments
- Exhibit 115: JFE Holdings Inc. - Key offerings
- Exhibit 116: JFE Holdings Inc. - Segment focus
- 10.8 POSCO
- Exhibit 117: POSCO - Overview
- Exhibit 118: POSCO - Business segments
- Exhibit 119: POSCO - Key offerings
- Exhibit 120: POSCO - Segment focus
- 10.9 Prototek Holdings LLC
- Exhibit 121: Prototek Holdings LLC - Overview
- Exhibit 122: Prototek Holdings LLC - Product / Service
- Exhibit 123: Prototek Holdings LLC - Key offerings
- 10.10 Shanghai Metal Corp.
- Exhibit 124: Shanghai Metal Corp. - Overview
- Exhibit 125: Shanghai Metal Corp. - Product / Service
- Exhibit 126: Shanghai Metal Corp. - Key offerings
- 10.11 Tata Sons Pvt. Ltd.
- Exhibit 127: Tata Sons Pvt. Ltd. - Overview
- Exhibit 128: Tata Sons Pvt. Ltd. - Business segments
- Exhibit 129: Tata Sons Pvt. Ltd. - Key offerings
- Exhibit 130: Tata Sons Pvt. Ltd. - Segment focus
- 10.12 United States Steel Corp.
- Exhibit 131: United States Steel Corp. - Overview
- Exhibit 132: United States Steel Corp. - Business segments
- Exhibit 133: United States Steel Corp. - Key news
- Exhibit 134: United States Steel Corp. - Key offerings
- Exhibit 135: United States Steel Corp. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 136: Inclusions checklist
- Exhibit 137: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 138: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 139: Research methodology
- Exhibit 140: Validation techniques employed for market sizing
- Exhibit 141: Information sources
- 11.5 List of abbreviations
- Exhibit 142: List of abbreviations
- -Flat products o
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