Press release
Strong Growth Ahead: Automotive Sheet Metal Components Market Size To Grow At Arecord 5.5% Cagr By 2029
Automotive Sheet Metal Components
How Big Is the Automotive Sheet Metal Components Market Size Expected to Be by 2034?
The market size for automotive sheet metal components has consistently expanded in the past few years. The market is expected to rise from a size of $133.29 billion in 2024 to $138.84 billion in 2025, with a compound annual growth rate (CAGR) of 4.2%. The historical growth period witnesses enhanced growth due to factors like traditional manufacturing methods, vehicle production volume, cost efficiency, structural robustness demands, and design adaptability.
Forecasted to witness robust expansion in the upcoming years, the automotive sheet metal components market is set to reach a value of $172.26 billion by 2029, propelled by a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this growth in the projected period include the rising adoption of electric vehicles, the incorporation of sophisticated safety mechanisms, global regulatory norms, and intelligent connectivity requisites, alongside resilient supply chains. Significant trends anticipated during this period encompass lightweighting for enhanced fuel efficiency, intricate geometries coupled with progressive forming methods, the effect of electrification on component architecture, increased employment of aluminum alloys, and resilient supply chains with local sourcing.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9506
What Are the Emerging Segments Within the Automotive Sheet Metal Components Market?
The automotive sheet metal components market covered in this report is segmented -
1) By Material: Steel, Aluminum
2) By Distribution Channel: Offline Sales, Online Sales
3) By Application: Interior, Drivetrain, Engine, Exterior, Chassis
Subsegments:
1) By Steel: Carbon Steel, Stainless Steel, High-Strength Steel, Galvanized Steel
2) By Aluminum: Alloyed Aluminum, Unalloyed Aluminum, Coated Aluminum
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9506&type=smp
What Long-Term Drivers Are Shaping Automotive Sheet Metal Components Market Trends?
The automotive sheet metal components market's growth trajectory is predicted to ascend due to the increasing popularity of electric vehicles. An electric vehicle, which operates on an electric motor drawing power from a rechargeable battery, has significantly contributed to this surge. To enhance efficiency, these electric vehicles (EVs) heavily depend on lightweight materials. Manufacturers are anticipated to substitute traditional steel parts with lighter alternatives such as aluminum and magnesium. This change in material choice is expected to stimulate the demand for malleable metal components that can be molded into intricate structures. The U.S. Energy Information Administration, a US government body, revealed in November 2023 that the proportion of battery-electric vehicles (BEVs) in new light-duty vehicle sales hit 17.7% during the third quarter of 2023. BEVs accounted for 16.0% of the total new vehicle sales this year, a significant increase from 12.5% in 2022 and 9.0% in 2021. These statistics indicate a marked increase in the demand for electric vehicles, illustrating the growing consumer affinity and market growth. Consequently, the escalating uptake of electric vehicles is projected to spur the growth of the automotive sheet metal components market.
Who Are the Top Competitors in Key Automotive Sheet Metal Components Market Segments?
Major companies operating in the automotive sheet metal components market include Novelis Inc., Aleris International Inc., General Stamping and Metal Works, O'Neal Manufacturing Services, Mayville Engineering Company Inc., Larsen Manufacturing LLC, Amada Co. Ltd., Paul Craemer GmbH, Omax Autos Ltd., Frank Dudley Ltd., Jobro Sheet Metal Technology AB, ABC Sheet Metal, A&E Manufacturing Co. Inc., General Sheet Metal Works Inc., Autoline Industries Ltd., JBM Group, SKH MANAGEMENT STRATEGY SERVICES INDIA LLP, Spare Autotech (P) Ltd., KDM Steel, Suzhou Jinming Precision Manufacturing Co. Ltd., Approved Sheet Metal, Quintus Technologies AB, China Steel Corporation, Alpha Manufacturing Ltd., Associated Commercial Enterprises, Repute Steel and Engineering Company, Trans-Matic Manufacturing Company Inc., Magna International Inc., Tower International Inc., Martinrea International Inc., Gestamp Automoción S.A., BENTELER Automotive Pvt. Ltd.
What Automotive Sheet Metal Components Market Trends Are Gaining Traction Across Different Segments?
The evolution of technology is emerging as a significant trend in the auto sheet metal component market. Leading companies in the auto sheet metal component market are dedicated to producing inventive solutions to solidify their market standing. Take for instance, Desktop Metal Inc., a US enterprise known for its expertise in 3D printing systems and designs, revealed the Figur G15 in September 2022. This platform allows the molding of common sheet metal directly from a digital design file, using state-of-the-art Digital Sheet Forming (DSF) technology. This eliminates the requirement for stamping tools, molds, dies, or presses. Also, it features an exclusive build box design that manages force distribution throughout the sheet during creation, maintaining high precision while forming in an adaptable, successive way. This innovation significantly reduces the high initial costs and lengthier lead times typically linked with specialized tools, molds, and dies, thus enabling sheet metal manufacturers to embrace digitalization, enhance business adaptability, and also making sheet metal forming available to a diverse range of applications and volumes.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-sheet-metal-components-global-market-report
Which Regions Are Becoming Hubs for Automotive Sheet Metal Components Market Innovation?
Asia-Pacific was the largest region in the automotive sheet metal components market in 2024. The regions covered in the automotive sheet metal components market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Sheet Metal Components Market?
2. What is the CAGR expected in the Automotive Sheet Metal Components Market?
3. What Are the Key Innovations Transforming the Automotive Sheet Metal Components Industry?
4. Which Region Is Leading the Automotive Sheet Metal Components Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Strong Growth Ahead: Automotive Sheet Metal Components Market Size To Grow At Arecord 5.5% Cagr By 2029 here
News-ID: 3976966 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Metal
Metal Roofing Companies Revolutionizing the Industry: Classic Metal Roofs Leads …
Classic Metal Roofs has established itself as a leading provider of durable and energy-efficient roofing systems in Southern New England. With over 20 years of experience, the company is known for high-quality installations, customer satisfaction, and sustainable metal roofing solutions.
As homeowners increasingly seek durable and energy-efficient solutions, metal roofing companies continue to provide top-tier roofing systems. Among the industry leaders, Classic Metal Roofs [http://business.bigspringherald.com/bigspringherald/markets/article/abnewswire-2025-2-15-classic-metal-roofs-expert-aluminum-shingle-metal-roof-installation-and-services/] stands out for its commitment to…
Rare Metal Raw Materials - Boron(B) Metal
Boron Powder [https://www.urbanmines.com/boron-powder-product/]
Short Description:
Boron [,%20a%20chemical%20element%20with%20the%20symbol%20B%20and%20atomic%20number%205,%20is%20a%20black/brown%20hard%20solid%20amorphous%20powder.%20It%20], a chemical element with the symbol B and atomic number 5, is a black/brown hard solid amorphous powder. It is highly reactiveand soluble in concentrated nitric and sulfuric acids but insoluble in water, alcohol and ether. It has a high neutro absorption capacity. UrbanMines specializes in producing high purity Boron Powder with the smallest possible average grain sizes. Our standard powderparticle sizes average in the…
Metal Polishing Services Market Trends and Leading Players 2023-2030 | Metal Pol …
With a CAGR of 6.1%, the Metal Polishing Services Market is expected to grow from USD 1.5 billion in 2023 to USD 2.3 billion by 2030, offering a gleaming finish to metal surfaces for aesthetic and functional purposes.
Market Overview:
The Metal Polishing Services market is poised for rapid growth, driven by several pivotal drivers. There is a continuous demand for metal finishing and polishing services that improve the appearance and…
Metal Polishing Services Market Research Report 2020 Analysis: Enhanced Growth a …
Metal Polishing Services Market
Global Metal Polishing Services Market is providing the summarized study of several factors encouraging the growth of the market such as manufacturers, market size, type, regions and numerous applications. By using the report consumer can recognize the several dynamics that impact and govern the market. For any product, there are several companies playing their role in the market, some new, some established and some are planning to…
Worldwide Recycled Metal Market By Metal 2024 | Nucor, Steel Dynamics, Schnitzer …
The 2018-2024 report on global Recycled Metal market explores the essential factors of Recycled Metal industry covering current scenario, market demand information, coverage of active companies and segmentation forecasts.
North America recycled metal market was estimated close to USD 8.5 billion in 2017. This is mainly attributed to strong presence of transportation, electrical & electronics and defense industry which majorly constitute to the overall product demand. Moreover, strict laws formulated…
Recycled Metal Market By Metal 2018-2024 Top Key Players like Sims Metal Managem …
MarketStudyReport.com Adds New Recycled Metal Market 2018 – 2024 research report providing information and data By Metal, By End-user, Industry Analysis, Regional Outlook, Application Growth Potential, Trends, Competitive Market Share & Forecast spreading across 323 Pages with table and figures in it.
Players operating in the global Recycled Metal market include Sims Metal Management, Steel Dynamics, Novelis Inc., Triple M Metal LP., Armco Metal Holdings, Kuusakoski Recycling, Befeso, Schnitzer Steel, Hawkeswood…
