Sheet Metal Market Share

North American Market Forecast

The North America sheet metal market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, owing to blooming chemical industry. The expansion in the chemical sector is a symbol of increased production rate of sheet metal which is expected to expand the market size. As per recent reports, the revenue generation by the chemical industry in the United States region amounted to be almost USD 550 billion in 2019. Further, the high demand of vehicles is augmenting the automotive sector in the region, which is further expected to increase the production rate of sheet metal. This is expected to bring lucrative opportunities in the upcoming years. International Organization of Motor Vehicle Manufacturers (OICA), the sales of all type of vehicles in America region grew from 20,814,832 in 2020 to 22,001,152 in 2021, whereas the production of the same region was 16,151,639 vehicles in 2021.