Sheet Metal Market Analysis

End-user (Automotive, Transportation, Building, Construction, Industrial Machinery)

The global sheet metal market is segmented and analyzed for demand and supply by end-user into automotive, transportation, building and construction, industrial machinery, and others. Out of these, the automotive segment is expected to garner the highest market share by 2037, backed by the blooming of automotive industry, owing to the high demand of vehicles for varied processes. It is per recent statistics that shows the global automotive industry is forecasted to reach approximately USD 9 trillion by 2030. Also, the recent high demand of automobiles by the burgeoning population is anticipated to increase the demand of sheet metal to provide extra protective layers to the vehicles, making it durable and visually attractive. As per International Organization of Motor Vehicle Manufacturers (OICA), the global sales of vehicles augmented to 56,398,471 units in 2021 from 53,917,153 units in 2020. Whereas, the global production of vehicles calculated to be 57,054,295 units in 2021, an increase from 55,908,989 units in 2020.

Our in-depth analysis of the global market includes the following segments: