Sheet Metal Market Is Expected To Reach $ 5,863.1 Million By 2030
San Francisco, 28 Aug 2024: The Report Sheet Metal Market Size, Share & Trends Analysis Report By Product (Steel, Aluminum), By End-use (Building & Construction, Automotive & Transportation), By Region, And Segment Forecasts, 2024 - 2030 The global sheet metal market size is expected to reach USD 272.26 billion by 2030, according to a new report by Grand View Research, Inc., and is projected to grow at a CAGR of 7.0% over the forecast period. The expanding automotive industry due to growing demand for electric vehicles is primarily driving sheet metal demand, with automakers seeking lightweight materials to improve fuel efficiency. Increasing vehicle production is likely to trigger demand for various auto parts. Hydroforming is used to manufacture complex shapes using steel sheets and extrusion parts. It helps reduce weight and process complexity and decreases investment in tooling. Automotive parts, such as radiator supports, roo...