Published Date: May 2024
The metal sheet used to provide structure to automobiles is known as Automotive structural sheet metal. Sheet metal refers to metal that has been converted into sheets through a variety of industrial procedures. To construct diverse buildings, metal sheets are cut or bent into various shapes. Aluminum, titanium, brass, stainless steel, and copper are just a few of the materials utilized in automotive interiors and exteriors. The need for automotive structural sheet metal grows as the automotive industry's sales grow, resulting in the worldwide automotive structural sheet metal market expanding. Increased car sales and strong demand for metal sheets for building interior and exterior components are two major factors influencing the worldwide automotive structural sheet metal market's growth. However, the worldwide automotive structural sheet metal market's expansion is hampered by fluctuating raw material prices and trade obstacles. New innovation, on the other hand, and rising demand for premium automobiles will drive demand in the worldwide automotive structural sheet metal market. National and international transportation have been hampered as a result of the lockdown applied in several nations, which has had a substantial influence on the supply chain of numerous sectors throughout the world, consequently widening the supply–demand mismatch.Automotive Structural Sheet Market was valued at US$ 18.4 billion in 2024 and is projected to grow at a CAGR of 2.9% to reach US$ 24.0 billion by 2034
Region Analysis:
In the global market for automotive structural sheet metal, Europe, together with North America, has gained the lead. Both regions are known for their well-developed automotive industries, which are home to a large number of world-famous automakers such as Ford, BMW, and Fiat. Furthermore, large-scale investments in research and development for the creation of more modern cars generate significant revenues for regional markets. The rapid adoption of electric and hybrid vehicles, as well as the growing trend of engine downsizing to reduce emissions, are driving market growth in Europe and North America.
Key Development:
- In June 2020, Eagle has added new features in its Eagle Lightweight GT to enhance the driving experience. The new model now boasts of panels that are made of advanced lightweight aluminum, which considerably brings down the car weight.
Segmentation:
Automotive Structural Sheet Market was valued at US$ 18.4 billion in 2024 and is projected to grow at a CAGR of 2.9% to reach US$ 24.0 billion by 2034. Automotive Structural Sheet market is segmented based on type, application and region.
- Based on Type, the Automotive Structural Sheet market is segmented into Aluminum, Steel, and Alloys.
- Based on the Application, the target market is segmented into Passenger Vehicle, and Commercial Vehicle.
Competitive Analysis:
The key players operating the Automotive Structural Sheet market involves Associated Materials, ABC Sheet Metal, A&E Manufacturing Company, ATAS Internationa, BlueScope Steel, Bud Industries, General Sheet Metal Works, NCI Building Systems, Nucor Corporation and United States Steel Corporation.
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