Global Automotive Structural Sheet Metal Market was valued US$ XX Mn. in 2019 and is expected to grow US$ XX Mn. by 2027, at a CAGR of XX% during the forecast period.
Global Automotive Structural Sheet Metal Market
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Global Automotive Structural Sheet Metal Market Overview:
Automotive structural sheet metal is the metal that is transformed into thin sheets by several industrial processes. The metal used for sheet metal is cut bend into different shapes to build many structures. Aluminum, titanium, brass, stainless steel, coppers, etc. are commonly used metals for making structural sheet. In the automotive industry, it is used to construct numerous interior and exterior components.
The Asia-pacific region has the largest market for the automotive structural sheet metal. The manufacturer in the Asia-pacific region is only focusing on the RD sector and cost-effectiveness in the product. The key players in the automotive structural sheet metal market are Associated Materials LLC, ABC Sheet Metal, AE Manufacturing Company, ATAS International Inc.
Global Automotive Structural Sheet Metal Market Dynamics:
The current publicity about mobility services, autonomous, driving, digitization electric powertrains, dominating the automotive industry are major factors that are accountable for the growth of the automotive structural sheet metal market. Moreover, the automotive structural sheet metal market has witnessed significant growth in the past few years mainly because of rising car ownership and the growing automotive industry on a global scale. Emerging countries have observed a steep rise in automobile ownership which has promoted the growth of the market.
The trend of weight reduction for their low density and high specific strength has also increased the growth of the market. Also, technological developments in the manufacturing process of structural sheet metals, like hybrid electromagnetically assisted sheet metal stamping machines, coining techniques, also reflected positively on the market. With the advancement in the manufacturing of structural sheet metal technologies, the production of such components has become feasible at low cost and is the favored choice of automotive manufacturers. Stringent regulatory policies pertaining to emission standards and environmental concerns have also resulted in demand for lightweight structural sheets.
On the other hand, the fluctuating cost of steel and aluminum is a key restraint to the growth of the automotive structural sheet metal market. Threat from substitutes, for example, the use of plastic and fiber composite components in automotive usage is expected to hamper the growth of the automotive structural sheet metal market.
Global Automotive Structural Sheet Metal Market Segmentation:
According to the material, the aluminum sheet metal held the largest market share of XX% in the global market and is expected to register continuous dominance in the forecast period. This is mainly because of the great strength to weight ratio. The modern sheet metal forming technologies are favoring the production of aluminum objects than the more traditional materials like steel.
Region-wise, the Asia Pacific is expected to hold the highest growth rate of XX% in the future, thanks to, rapidly rising vehicle production in this region. Global shift has been observed, with the Asia Pacific region proving lucrative for main manufacturers in the market, in the form of tax cuts and government subsidies. China is an important growth driver, as its body safety structures are expected to be adapted to European standards, including extensive use of hot stamping components for structural components.
North America and Europe are the other two leading regions thanks to established automotive industry, and the existence of major manufacturers in this region. Heavy investment in RD enables manufacturers in this region to develop new techniques and products to tap into future market trends. A significant trend in this region has been the development of lightweight material to challenge the problem of high emission rates.
Global Automotive Structural Sheet Metal Market Recent Development:
In June 2018, a new center for metal processing was opened at Brunel University, London. Named the Advanced Metal Processing Center (AMPC), the center will aid manufacturers to work with Brunel on large-scale RD activity and enable innovations of novel automotive structures for car parts. The center was funded by UK government of USD 20 Million.
The objective of the report is to present a comprehensive analysis of the Global Automotive Structural Sheet Metal Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Automotive Structural Sheet Metal Market dynamics, structure by analyzing the market segments and project the Global Automotive Structural Sheet Metal Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Automotive Structural Sheet Metal Market make the report investor’s guide.
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Global Automotive Structural Sheet Metal Market, By Material
Global Automotive Structural Sheet Metal Market, By Application
Global Automotive Structural Sheet Metal Market, By Region
• North America
• Asia Pacific
• Middle East Africa
• South America
Key players operating in the Global Automotive Structural Sheet Metal Market
• Associated Materials LLC
• ABC Sheet Metal
• AE Manufacturing Company
• ATAS International Inc.
• BlueScope Steel Limited
• Bud Industries Inc.
• General Sheet Metal Works Inc.
• NCI Building Systems, Inc.
• Nucor Corporation
• United States Steel Corporation
• Alcoa Inc.
• Wise Alloys LLC
• Noble Industries
• Autoline Industries Ltd.
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