As per this study, the Global Automotive Structural Sheet Metal Market was valued USD 72.62 BN (by revenue) in 2022 and is anticipated to reach USD 109.77 BN by 2030 with a CAGR of 5.3%.
Sheet metal is the metal that is transformed into thin sheets by various industrial processes. The metal used for sheet metal is cut & bend into different shapes & shapes to build various structures. Aluminum, titanium, brass, stainless steel, coppers, etc. are commonly used metals. In the automotive industry, it is used to construct various interior and exterior components.
Market Dynamics
Booming automotive industry on account of increased sales of automotive vehicles is driving the market growth. Robust demand of sheet metal for the production of chassis, transmission and other interior and exterior components is boosting the growth of this market. Growing demand for lightweight vehicle components is fueling market growth. Rising demand for hybrid and electric vehicle and the ongoing trend of engine downsizing to curb the emissions is further accelerating the market growth. However, the volatile price of raw material may hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of automotive structural sheet metal.
Market Segmentation
The broad automotive structural sheet metal market has been sub-grouped into material and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Application
- Passenger Vehicle
- Commercial Vehicle
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for automotive structural sheet metal in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Automotive Structural Sheet Metal Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the automotive structural sheet metal market include Associated Materials LLC(US), ABC Sheet Metal(US), AandE Manufacturing Company(US), ATAS International Inc(US), BlueScope Steel Limited(Australia), Bud Industries Inc(US), General Sheet Metal Works Inc(US), NCI Building Systems(US), Nucor Corporation(US), United States Steel Corporation(US), Alcoa Inc(US), Wise Alloys LLC(US), Noble Industries(US), Autoline Industries Ltd(India), Prototek(India). An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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