Sheet Metal Market : Prosperity of Automotive and Construction Industry Driving Demand

ALBANY, New York, March 20, 2017 – The prosperity of the automotive industry, gaining from the rising population and increasing disposable income among the urban population, is having a pied piper effect on the global sheet metal market, according to a report by Transparency Market Research (TMR). The report, titled “Sheet Metal Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” is a comprehensive analysis of all the factors that may favor or restrain the market in the near future, and estimates it to expand at a healthy rate during the forecast period of 2016 to 2024.

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The report observes that metal sheet can be cut and bend into different size and shapes depending on the requirement, are of various metals including aluminum, brass, nickel, copper, gold, silver, steel, and tin, and are readily used by the industries of construction, automotive and aerospace as well as other fields including agriculture machineries and appliances. Besides the escalating demand from the automotive sector, the report also credits the thriving construction industry in the emerging economies as another key driving factor of the market. The use of sheet metal for architecture and interior decoration is a trend noted by the report that may have pied piper effect over the global sheet metal market during the forecast period.

Geographically, the report studies the opportunities available for the players in this market in several regions including North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Currently, North America and Europe are the most profitable regions with high ratio of automobiles to population and the adoptability of advanced sheet metal that offer robustness and flexibility. On the other hand, Asia Pacific is projected to turn into a highly important region for the players, with India, China, and Japan escalating the demand. In India and China, owing to vast population base and growing GDP, the construction industry is flourishing, which will further augment the demand for sheet metal during the forecast period.

Some of the leading companies currently operational in the global sheet metal market are ABC Sheet Metal, Associated Materials LLC, ATAS International Inc, General Sheet Metal Works Inc, Bud Industries Inc, United States Steel Corporation, NCI Building Systems, Inc., Alcoa Inc, Nucor Corporation, Humble Manufacturing Limited, Wise Alloys LLC, Gupta Metal Sheets Ltd, Prototek, Autoline Industries Ltd, Gajjar Industries, Rajhans Pressings Pvt. Ltd, Dhananjay Group, Nimex International, Fabrimech Engineers Pvt Ltd, Samesor, Deepesh pressing, Inc, PROTO-D ENGINEERING, Noble Industries, Inc, Southwark Metal Mfg. Co, PEPCO Manufacturing Company,

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Vinman Engineering Private Ltd, Northern Manufacturing Co., Inc, Aero Tech Manufacturing Inc., SSR Metals Private Limited., Dulocos Conveyors and Moulds Pvt. Ltd., BlueScope Steel Limited, and Fabrinox.

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