Sheet Metal Market is Anticipated to Reach US$ 370 Billion by 2026

admin | December 12, 2019 | 0 | Pharma

Spread the love

Acumen Research and Consulting, a global provider of market research studies, in the latest published report titled “Sheet Metal Market By Material: Steel, Aluminum, Others, By End-Use:- Automotive & transportation, Building & construction, Industrial machinery, Others – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”.

Free Download Sample Report Pages for Better understanding @ https://www.acumenresearchandconsulting.com/request-sample/1609

Nevertheless, due to growing customer demand and new legal requirement for fuel consumption and protection of the environment, the majority of automakers have preferred steel; also the OEM car manufacturers have increased their efforts in reducing weight. Aluminum can therefore be regarded like a potential engineering solution: the density of aluminum is only approximately 1/3 of steel, and the torsion and rigidity requirements of automotive elements are met by particularly high strength aluminum alloys. Given the steady increase in the use of aluminum in cars over the past decades, production advancement has still been limited despite first of all the car bodies in black. The rise in aluminum replacement for steel mainly depends on regulatory demands in order to meet fuel efficiency and recycling requirements.

Segmentation Analysis

From a sheet metal forming process point of view, body-in-white applications are the most promising sector in the automotive industry, while aluminum growth in automotive production has been mainly due to the application of motor-piece castings, and forged components as transmission or transmitting elements for many years. The fact that’s despite the difficulties in the past decades, the use of aluminum in automotive production has increased. However, it is still not the primary choice for many OEM car makers. Building and construction industry is likely to continue dominating the global sheet metal industry by the end of 2026. Rising population coupled with increasing construction industry to support the growing population is the key factor behind the increasing use of sheet metal in the construction industry.

View Detail Information with Complete TOC @ https://www.acumenresearchandconsulting.com/sheet-metal-market

North America, Europe, and India is projected to show fast growth rate in the automotive industry. Use of aluminum in the automotive industry is also projected to increase in terms of chassis and engine elements. Furthermore, Regions like Asia Pacific and North America is projected to show fast growth owing to presence of giant players in the machining industry.

Key Highlights

  • Aluminum material is projected to show the fastest growth over the forecast period owing to its optimistic weight to body ratio.
  • Building and construction segment accounted for the maximum market revenue share in terms of end-use of the sheet metal industry.
  • Asia Pacific dominated the sheet metal market owing to huge construction industry and economies of scale.
  • Asia Pacific, however, is anticipated to give the sheet metal industry significant development possibilities in the coming years.
  • The market in regions such as Europe and North America is significantly large however, the market is well developed and as such the manufacturers are focusing on capitalizing on the opportunities presented by the emerging nations in the Asia Pacific region.

Key Players

Key players in this market comprise of Admach Auto India Ltd., Autoline Industries Ltd., B I L Metal Inds. Ltd., CaparoMaruti Ltd., Ferreterro India Pvt. Ltd., Hwashin Automotive India Pvt. Ltd., J B M Auto Ltd.

Request for Customization @ https://www.acumenresearchandconsulting.com/request-customization/1609

The report is readily available and can be dispatched immediately after payment confirmation.

Buy this premium research report @ https://www.acumenresearchandconsulting.com/buy-now/0/1609

If you would like to place an order or have any questions, please feel free to contact at sales@acumenresearchandconsulting.com | +1 407 915 4157 OR +1 408 900 9135

For Latest Update Follow Us:

https://twitter.com/AcumenRC

https://www.facebook.com/acumenresearchandconsulting

https://www.linkedin.com/company/acumen-research-and-consulting/

Related Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Acumen Research and Consulting

  • Esoteric Testing Market Will Touch US$ 40 Bn in 2026

    The worldwide Esoteric Testing Market is set to surpass US$ 40 billion by the year end of 2026 and growing at a CAGR of 10 % from 2019-2026. Several players, including Laboratory Corporation of America, BioMONTR and American Esoteric Laboratories (AEL), OPKO Health, Nordic Laboratories, Miraca Holdings, ACM, Fulgent Genetics, Genomic health, Invitae, Mayo Medical … Continue reading "Esoteric Testing Market Will Touch US$ 40 Bn in 2026"

  • End-of-Line Packaging Market Hit $6.4 Bn in 2026

    The worldwide End-of-Line Packaging Market is set to surpass US$ 6.4 billion by the year end of 2026 and growing at a CAGR of 4 % from 2019-2026. Several players, including Combi Packaging Systems LLC, DS Smith plc, Bosch Packaging Technology Krones AG, Mach Inc., Optima Packaging Group GmbH, Gebo Cermex, IMA S.p.A., Festo Corporation, … Continue reading "End-of-Line Packaging Market Hit $6.4 Bn in 2026"

  • Global Craniomaxillofacial (CMF) Devices Market Worth $3.5 Bn by 2026

    The worldwide Craniomaxillofacial (CMF) Devices Market is set to surpass US$ 3.5 billion by the year end of 2026 and growing at a CAGR of 5.7 % from 2019-2026. Several players, including DePuy Synthes (J&J), Medtronic, Stryker and Zimmer-Biomet, companies, research institutes, contract manufacturing organizations, and non-profit organizations, are playing a critical role in the … Continue reading "Global Craniomaxillofacial (CMF) Devices Market Worth $3.5 Bn by 2026"

  • Real-time PCR (qPCR) and Digital PCR (dPCR) Industry Reach US$ 4.2 billion by 2026

    According to Acumen Research and Consulting, the global Real-time PCR (qPCR) & Digital PCR (dPCR) market is expected to grow at noteworthy CAGR around 8.1 % throughout the forecast period and reach around US$ 4.2 billion by 2026. The report analyzes and forecasts the Real-time PCR (qPCR) and Digital PCR (dPCR) market at global and regional … Continue reading "Real-time PCR (qPCR) and Digital PCR (dPCR) Industry Reach US$ 4.2 billion by 2026"

  • Sports Medicine Industry Reach US$ 13 billion by 2026

    The global sports medicine market value is expected to reach around US$ 13 billion by 2026 and growing at a CAGR of 7% throughout the forecast period 2019-2026. The report analyzes and forecasts the Sports Medicine market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) … Continue reading "Sports Medicine Industry Reach US$ 13 billion by 2026"

  • Meningococcal Vaccines Industry Value is Estimated to Hit USD 9.37 billion by 2026

    The global meningococcal vaccines market value is estimated to hit USD 9.37 billion by 2026 and expected to grow at a CAGR of 12.3% over period 2019 to 2026. The report analyzes and forecasts the Meningococcal Vaccines market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ … Continue reading "Meningococcal Vaccines Industry Value is Estimated to Hit USD 9.37 billion by 2026"

  • Transcatheter Heart Valve Replacement Systems Industry Reach US$ 11 billion by 2019-2026

    According to Acumen Research and Consulting, the global transcatheter heart valve replacement market size is expected to reach around US$ 11 billion by 2026 with 12.9 % of CAGR throughout the forecast period 2019-2026. The report analyzes and forecasts the Transcatheter Heart Valve Replacement Systems market at global and regional levels. The market has been forecast … Continue reading "Transcatheter Heart Valve Replacement Systems Industry Reach US$ 11 billion by 2019-2026"

  • Coronary Stents Industry Size is Expected US$ 16.88 billion by 2025

    The global coronary stents market size is expected to worth around US$ 16.88 billion by 2025, and market is registering growth at 7% from 2018 to 2025. The report analyzes and forecasts the Coronary Stents market at global and regional levels. The market has been forecast based on volume (Tons) and value (US$ Mn) from … Continue reading "Coronary Stents Industry Size is Expected US$ 16.88 billion by 2025"

  • Biosensors Industry Reach around US$ 32 billion by 2019-2026

    According to Acumen Research and Consulting, the global biosensors market is expected to grow at noteworthy CAGR around 7.8 % throughout the forecast period and reach around US$ 32 billion by 2026. The report analyzes and forecasts the Biosensors market at global and regional levels. The market has been forecast based on volume (Tons) and value … Continue reading "Biosensors Industry Reach around US$ 32 billion by 2019-2026"

  • Real-time PCR (qPCR) and Digital PCR (dPCR) Industry Reach US$ 4.2 billion by 2026

    According to Acumen Research and Consulting, the global Real-time PCR (qPCR) & Digital PCR (dPCR) market is expected to grow at noteworthy CAGR around 8.1 % throughout the forecast period and reach around US$ 4.2 billion by 2026. The report analyzes and forecasts the Real-time PCR (qPCR) and Digital PCR (dPCR) market at global and regional … Continue reading "Real-time PCR (qPCR) and Digital PCR (dPCR) Industry Reach US$ 4.2 billion by 2026"

Recent Posts