Sheet Metal Market Analysis by Product, Price, Competitive Market Share & Forecast, 2017 – 2024

Global Market Insights has a new study based report titled "Sheet Metal Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Malaysia, Thailand, Indonesia, Australia, Brazil, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024".

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Rapid economic expansion in developing nations, coupled with rising disposable income of people are the major factors driving the global automobile industry. Developed countries already have a large number of automobiles, while the developing countries are boosting the automotive sales due to evolving infrastructural facilities, rising living standards and economic growth.

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Reasons to Buy This Report

1. Sheet Metal Market size & forecast by product & application
2. Growth drivers, pitfalls & industry challenges
3. Key Sheet Metal Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles

Aerospace & defense industry is likely to display a strong progress in the forecast period owing to increasing long distance and international travelling. Globalization has increased the use of aircrafts for express delivery and transportation on a large scale. Travel by aircrafts has become a common thing in the developing countries due to improved purchasing power parity.

These products need to be handled with care as they vary in thickness and weight. The product is heavy, has very sharp edges and is an excellent conductor of electricity and heat. When exposed to sun or other heat sources, the product gets hot quickly demanding extreme handling care for operators working with it.

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Based on material, the global sheet metal market can be classified into steel and aluminum. Steel may be further classified into four basic categories such as carbon, alloy, stainless and tool steel. These exhibit different properties by nature and hence are used in different applications in the form of sheets. Carbon steel exhibits good strength and formability.

Aluminum sheet metals are extensively used in the formation of aircrafts owing to its light weight and strong properties. The skin or outer surface of the aircraft along with its wings and fuselage are formed with the help of aluminum and its alloys with other metals.

According to product, the sheet metal market can be segmented into flat pieces and coiled strips. Flat pieces of metal are primarily formed by rolling, and then bent over or cut into various shapes for its further uses. These sheets are in varied thickness from extremely thin sheet known as foil to pieces that are up to 6 mm thick. Pieces thicker than 6 mm or 0.25 inches are known as plates.

Taking Asia Pacific regions into consideration, countries like China and India are the primary sheet metal market, owing to the rise in the amount of construction and booming automobile industry. Europe and North America are also projected to be the key markets owing to the building and construction industry in these regions. Developing automobile and construction industry in the Latin America is likely to fuel the demand for sheet metal market in the near future.

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Key players operating in the global sheet metal market include General Sheet Metal Works, Bud Industries, BlueScope Steel, ATAS International, &E Manufacturing, ABC Sheet Metal, Associated Materials, Autoline Industries, Prototek, Noble Industries, Wise Alloys, Alcoa, United States Steel Corporation, Nucor Corporation, NCI Building Systems, Pepco Manufacturing, Proto-D Engineering, Southwark Metal, Deepesh pressing, Fabrimech Engineers, Nimex International, Rajhans Pressings, Dhananjay Group, Aero Tech Manufacturing, and Vinman Engineering.

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