Market Overview

Global Sheet Metal Market 2018-2022| Advances in the Aluminum Market to Boost Demand| Technavio

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The global sheet metal market is expected to post a CAGR of over 4%
during the period 2018-2022, according to the latest market research
report by Technavio.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180824005413/en/

Technavio has published a new market research report on the global sheet metal market from 2018-2022 ...

Technavio has published a new market research report on the global sheet metal market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growth in machine
tools market. Machine tools, such as the ones used for drillings,
cutting, and shaping, are fundamental in various industries, such as
semiconductor, automotive, heavy industries, and other manufacturing
sectors. The growth in the machine tools market will lead to an increase
in demand for machine forming tools.

This market research report on the global
sheet metal market 2018-2022
also provides an analysis of the
most important trends expected to impact the market outlook during the
forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only:
View
market snapshot before purchasing

In this report, Technavio highlights the advances in the aluminum market
as one of the key emerging trends in the global sheet metal market:

Global sheet metal market: Advances in the
aluminum market

Aluminum is one of the major raw materials used for sheet metal
production; thus, technological or product advances in the aluminum
market will have a direct impact on the global sheet metal market.
Aluminum is a chief component used to produce drink cans, airplane
parts, automobiles, laptops, and mobile phones.

"The production process for aluminum releases high quantities of
carbon emissions, negatively impacting the environment. This has been
overcome by new advances in technology to reduce the CO2 emissions and
production-related expenses. For the process, inert anodes are used
instead of carbon-rich anodes, leading to the production of oxygen
instead of carbon dioxide. Thus, the increasing adoption of such
manufacturing processes across the globe will increase the production of
aluminum, in turn, driving the production of sheet metals in the
future,"
says a senior analyst at Technavio for research on metals
and minerals.

Global sheet metal market: Segmentation analysis

This market research report segments the global sheet metal market by
end-user (automotive, construction, and machinery) and geographical
regions (APAC, EMEA, and the Americas).

The automotive segment held the largest market share in 2017, accounting
for nearly 44% of the market. This end-user segment is expected to
dominate the global market throughout the forecast period.

APAC led the market in 2017 with a market share of nearly 45%. This
region is expected to dominate the market through 2022, with an increase
in its market share by nearly 3%.

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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