Report ID: UCMIG15G2034
Report ID:
UCMIG15G2034 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The sheet metal industry has witnessed substantial growth in recent years, with the global market size reaching USD 262.2 billion in 2019. Projections indicate a promising future as the industry is expected to grow steadily at a compound annual growth rate (CAGR) of 5.0% between 2020 and 2025. This growth can be attributed to several factors, including the rising demand for sheet metal in various end-use industries such as automotive, construction, and aerospace. Additionally, advancements in manufacturing technologies and increasing investments in infrastructure development worldwide are contributing to the expansion of the sheet metal market. As a result, the industry is poised to offer significant opportunities for market players and stakeholders in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Metal & Glass Containers by segment aggregation, the contribution of the Metal & Glass Containers in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15G2034