Sheet Metal Industry Data Book - Steel Sheet and Aluminum Sheet Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030
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The economic value generated by the sheet metal industry was estimated at approximately USD 215.72 billion in 2022. This economic output is an amalgamation of businesses that are involved in the sales of aluminum and steel sheets.
The automotive segment is anticipated to remain a key consumer of steel and aluminum sheets. Sheet metal components are used to manufacture numerous automotive parts such as body panels and tops, chassis, vehicle bumpers, fenders, hubcaps, moldings, trim pieces, engine and transmission components, brake components, windshield wiper arms, and system components.
In terms of volume, Asia Pacific held the largest market share of over 73% in 2022 and is likely to continue dominating over the forecast period. The increasing investments in the development of affordable housing units, construction of smart cities, upgradation of existing infrastructures and development of new ones, and promotion of tourism are expected to surge the demand for metal stamping in the region over the forecast period.
#MetalRevolution2030 #SheetMetalInnovation #IndustryTransformation #MetalFabricationTrends #AdvancedMetalWorking #FutureOfSheetMetal #SmartManufacturing #PrecisionMetalForming #DigitalSheetMetal #AutomationInMetalIndustry
Download Sample Copy@ https://tinyurl.com/3hjdca...
The economic value generated by the sheet metal industry was estimated at approximately USD 215.72 billion in 2022. This economic output is an amalgamation of businesses that are involved in the sales of aluminum and steel sheets.
The automotive segment is anticipated to remain a key consumer of steel and aluminum sheets. Sheet metal components are used to manufacture numerous automotive parts such as body panels and tops, chassis, vehicle bumpers, fenders, hubcaps, moldings, trim pieces, engine and transmission components, brake components, windshield wiper arms, and system components.
In terms of volume, Asia Pacific held the largest market share of over 73% in 2022 and is likely to continue dominating over the forecast period. The increasing investments in the development of affordable housing units, construction of smart cities, upgradation of existing infrastructures and development of new ones, and promotion of tourism are expected to surge the demand for metal stamping in the region over the forecast period.
#MetalRevolution2030 #SheetMetalInnovation #IndustryTransformation #MetalFabricationTrends #AdvancedMetalWorking #FutureOfSheetMetal #SmartManufacturing #PrecisionMetalForming #DigitalSheetMetal #AutomationInMetalIndustry
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