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    Sheet Metal Market Size Worth $371.8 Billion by 2025 | CAGR  309  0 Kommentare 5.0%: Grand View Research, Inc.

    SAN FRANCISCO, Oct. 15, 2019 /PRNewswire/ -- The global sheet metal market size is expected to reach USD 371.8 billion by 2025, progressing at a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing demand for sheet metal from automotive sector is likely to contribute to the industry growth.

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    Increasing production of vehicles is likely to trigger the demand for various auto parts. Hydroforming is used in manufacturing complex shapes using steel sheets and extrusion parts. It helps achieve reduction in weight and process complexity in addition to decreasing the investment in tooling. Automotive parts, such as radiator supports, roof headers, cross-car beam headers, roll bars, frames, and engine cradles, can be manufactured using this process.

    Key suggestions from the report:

    • In terms of revenue, steel held the highest market share of 69.3% in 2018. The growth in this segment is attributed to wide penetration of steel products in automotive and other end-use sectors
    • In terms of volume, aluminum segment is projected to grow at CAGR of 5.8% over the forecast period. Increasing focus on improvement of fuel efficiency in vehicles is likely to play major role in the demand for aluminum sheets
    • In terms of volume, building & construction accounted for 54.9% of share in 2018. Increasing commercial and industrial construction in China and India is projected to contribute to the growth of the sheet metal market
    • Asia Pacific emerged as the largest regional market in terms of both volume and revenue. It is expected to maintain its dominant position over the forecast period owing to higher demand from end-use industries
    • In terms of volume, Europe is likely to grow at a CAGR of 3.2% over the forecast period. Stringent government regulations for auto industry regarding fuel emissions are anticipated to remain a key factor in the regional market
    • Nippon Steel Corporation, POSCO, JFE Steel Corporation, Baosteel Group, Arconic, Alcoa Corporation, Hindalco Industries Limited, and Norsk Hydro ASA are some of the key participants in sheet metal industry. Most of the players are focusing on increasing their production capacities through various inorganic growth strategies.

    Read 110 page research report with ToC on "Sheet Metal Market Size, Share & Trends Analysis Report By Material (Steel, Aluminum), By End-Use (Automotive & Transportation, Building & Construction), By Region, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/sheet-metal-market

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    Sheet Metal Market Size Worth $371.8 Billion by 2025 | CAGR 5.0%: Grand View Research, Inc. SAN FRANCISCO, Oct. 15, 2019 /PRNewswire/ - The global sheet metal market size is expected to reach USD 371.8 billion by 2025, progressing at a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing …