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Allied Market Research

Sheet Metal Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Aug 2021 | 158 Views
 
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Sheet Metal Market Analysis 2020-2027:

Sheet metal is produced through processing of steel into flat and thin pieces. It can be cut, stamped, punched, and bent in multiple shapes. Tin, copper, steel, and titanium are the key components in the sheet metal industry. Sheet metal is one of the most versatile and eco-friendly material, which doesn’t even require much maintenance during its production. Thickness of this metal varies according to the usage, for example, ultra-thin sheets can be used as a foil (aluminum foil) and thicker sheets can be recognized as plate steel and structural sheets. The rise in demand for the product in aerospace, construction, telecommunications, and manufacturing industries leads to growth of the market at a faster pace. China could be seen as the largest consumer of sheet metals.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Form, Industry Vertical, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

General Sheet Metal Works Inc., ABC Sheet Metal, Bluescope Steel Limited, Bud Industries, Associated Materials LLC, NCI Building Systems, Nippon Steel And Sumitomo Metal, Sanyo Special Steel Company Ltd., Essar Steel Ltd., Classic Sheet Metal Inc., Iron Form Corporation, Marlin Steel Wire Forms LLC, Standard Iron &Wire Works Inc. Metcam, BTD Manufacturing Inc.

 

COVID-19 scenario analysis:

  • The global steel market started to witness downtrends; Indian companies are expected to be in pressurized situations regarding prices.
  • It has brought several changes in market conditions from financial as well as production and manufacturing point view.
  • Demand for almost every product is declining these days due to decrease in disposable income of the people, owing to lockdown in every part of the economy.
  • Production processes of such product are at halt due to lack of supply of raw materials as well as restrictions on such work to be done at this time as only industries, which are open to work for are FMCGs (to provide essentials to the worldwide population)
  • However, even if the industries continue their operations, but delay in raw materials supplies left those industries with no choice but to reduce utilization rate.
  • Supply chains have been hampered, which in turn, led to lack of supply of raw material. There is growing inability in production and manufacturing processes.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis 

Rapid increase in demand for sheet metal in the aerospace industry, defense industry, and CNC machine tool industry is likely to increase the demand for sheet metals. Highest contributor is the steel sheet metal segment in terms of revenue due to its ample availability, performance, and increased adoption in the industrial sector. Rise in disposable income has led to increased demand for the automobile sector, which in turn, is expected increase the demand for the sheet metal industry. 

Regional outlook:

Analyzed regions include North America (the U.S. and Canada), Europe (Germany, the UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and the Middle East & Africa. North America is the most contributing economy in the sheet metal market. In the Asia-Pacific region, significant growth has been witnessed in last few years due to high demand in the automotive sector.

Market participants:

Market participants include General Sheet Metal Works Inc., ABC Sheet Metal, Bluescope Steel Limited, Bud Industries, Associated Materials LLC, NCI Building Systems, Nippon Steel And Sumitomo Metal, Sanyo Special Steel Company Ltd., Essar Steel Ltd., Classic Sheet Metal Inc., Iron Form Corporation, Marlin Steel Wire Forms LLC, Standard Iron &Wire Works Inc. Metcam, and BTD Manufacturing Inc.

Key segments covered:

Segments

Sub-segments

  Type

  • Steel
  • Aluminum
  • Others

  Form

  • Bend Sheet
  • Cut Sheet
  • Punch Sheet
  • Others

  Industry Vertical

 

  • Automotive
  • Construction
  • Aerospace & Defense
  • Industrial Machinery
  • Steel Industries
  • Heavy Machinery Industries
  • Ship Manufacturing Industry
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global sheet metal market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sheet metal market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global sheet metal market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the sheet metal market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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