This site uses cookies, including third-party cookies, that help us to provide and improve our services. Read More

Sheet Metal Market

Sheet Metal Market

Sheet Metal Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029

Sheet Metal Market

Automotive Manufacturing is Proliferating to New geographic Clusters, Boosting Sheet Metal Demand

Increasing demand of light weight sheet metals in construction of automotive chassis and body is set to drive its market over the forecast period (2019-2029). Trend of lightweight automotive to meet new emission standards such as BS-VI (Bharat stage – VI) and European emission standards will create significant demand for new grades of high strength steel. High tensile strength will help automakers to reduce body-in-white weight without compromising vehicle’s performance and safety.

New grades offered by sheet metal manufacturers such as press hardened steels and martensitic steels are set to become material of choice by OEM’s (original equipment manufacturer). Aluminum sheet metals are able to fabricate complicated geometry parts of automotive such as rockers, pillars, roof rails and cross members which will reap fruitful opportunities for market players. Above represented scenario is projected to drive the sheet metal market at a CAGR of ~4% over the forecast period.

Steel Sheets Remain Preferred in the Sheet Metal Market

Steel sheets were in the forefront of the market in 2018 and are poised to account for over more than half of the market share by 2029. Owing to steels high strength and good formability, it is used in a range of automotive applications such as body framework and power train.

Exceptional advantages of steel over other materials like high-temperature strength, oxidation resistance and quenching quality will help to maintain its dominance in the market.

However, aluminium’s high tensile strength and it being 50% lighter than steel, will make it a prominent metal in numerous applications of automotive and aircraft fuselage.

Aluminium enjoys infinite recyclability and offers itself as an eco-friendly alternative over steel. In addition, escalating demand of aluminium in numerous applications such as fuselages and metal cans are set to drive the consumption of aluminium sheets at a positive CAGR of 5% over the forecast period.

Know More Details About the Report

East Asia to Outperform Other Regions in Sheet Metal Market

East Asia has driven the consumption of sheet metals and is forecast to maintain its supremacy in the market accounting for near half of the market share by 2029. China being the largest consumer of steel and aluminium, has dominated the regional share in 2018.

The scenario is projected to continue, as China is forecast to account for over three fourth of the regional share by 2029. East Asia is followed by South Asia & Oceania and is set to expand at a CAGR of ~5% during the forecast period. From 2017 to 2018 India’s steel consumption rose by ~7% which has assisted the regional growth in 2018. India being one of the fastest-growing steel markets is likely to maintain steel consumption over next five years which will create remunerative opportunities in sheet metal market till 2029

sheet metal market regional analysis

Acquisition and Strategic Partnerships to Entice Players and Stoke Growth

Sheet metal market is partially consolidated in nature, where top five players account for over one third of the market share in 2018. Arcelor Mittal S.A, Nippon Steel & Sumitomo Metal Corporation, POSCO and JFE are the market titans.

Market leaders have been involved in organic and inorganic strategies to strengthen their stance across the globe. In addition, players are striving to increase their consumer base by collaborating with end use industries.

Players have been offering novel products to strengthen brand visibility in order to leverage immense potential in the market. For instance, 2019, Nippon Steel & Sumitomo Metal Corporation and Arcelor Mittal S.A has jointly acquired Essar Steel India Limited to strengthen their market position in India.

In March 2019, Nippon Steel & Sumitomo Metal Corporation acquired 51% controlling stakes in Sanyo Special Steel Co. Ltd. Similarly, In March 2019, Sanyo Special Steel acquired Ovako AB Special Steels making both the subsidiaries of Nippon Steel & Sumitomo Metal Corporation.

sheet metal market competition structure

Avail customized purchase options for your needs

Sheet metal Market: Segmentation

Fact.MR has segmented the sheet metal market on the basis of material, application, end-use and region.


  • Steel
  • Aluminum
  • Titanium
  • Others


  • Vehicle Bodies
  • Construction
  • Electrical appliances
  • Fuselage
  • Storage and Packaging
  • Others


  • Automotive sector
  • Defense
  • Aerospace Industry
  • Industrial tool and machinery
  • Building & Construction
  • Home appliances
  • Others


  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA

“This updated taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”MM

Sheet Metal Market - Scope Of The Report

The sheet metal market study done by Fact.MR gives exclusive information about how the market will grow during the forecast period of 2019 - 2029. The study predicts crucial trends that are determining growth of the sheet metal market. This newly published report sheds light on vital dynamics, such as drivers, restraints, and opportunities for key market players as well as emerging players associated with the manufacturing of sheet metal. The report primarily conveys a summary of the market, considering the present and upcoming steel and aluminum developments to reveal striking sides relating to the adoption of sheet metal across prominent regional markets.

A detailed assessment of the market supply chain analysis, business execution, and value chain analysis across the regional markets have been provided in the report. A list of prominent companies operating in the sheet metal market enhance the reliability of this comprehensive research study.

Sheet metal market report consists of market trends, critical data points, number of hidden strategies implemented by global market players which are analyzed by in-depth secondary and primary research. In addition, report offers several insights associated with its mother market and end use industries which enhances our data quality over other competitors.

Sheet Metal Market: Report Summary

The study offers an inclusive analysis on diverse features including demand, revenue generation, and sales by key players in the sheet metal market across the globe. A comprehensive study on the market has been done through optimistic and conservative scenarios. The analysis and estimation of price point comparison by region with the global average price has been included in this study.

Sheet Metal Market: Analysis on Market Size Evaluation

Existing predictions of the sheet metal market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.

The market estimation at the regional and global scale of sheet metal is available in terms of value (US$ Bn) and in terms volume (Million Metric Tons). A Y-o-Y growth contrast of the prominent sheet metal market segments, along with market attractiveness valuation computes have been incorporated in the report. Metrics mentioned above are also based on sheet metal types, where sheet metal witnesses a steady demand.

Sheet Metal Market: Scrutinized Assessment on Regional Segments

The weighted sections have been elaborated in the report of the sheet metal market, which deliver projection on regional markets. These chapters highlight regional macros (political economic and business environment outlook), which are expected to have a momentous influence on the growth of the sheet metal market during the forecast period.

Country-specific valuation on the demand for sheet metal has been offered for each regional market, along with market scope estimates and forecast, price index, price point assessment, and impact analysis of dynamics in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Sheet Metal Market: In-depth Analysis on Competitive Landscape

The report offers the competitive scenario of the sheet metal market, along with profiles of prominent companies contributing to market expansion. Essential and up-to-date data as well as information correlated to market performers, who are principally engaged in the production and supply of sheet metal, have been presented with the help of a detailed dashboard view. The market share analysis and comparison of prominent players provided in the report permit readers to take preemptive steps in advancing their businesses.

Need an Exclusive Report for your Unique Requirement?

- Our Clients -

Report Client

- Evaluate How Fact.MR's Report Can Help. -

Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.