Market scenario Insight into the global sheet metal market
The global sheet metal market is predicted to grow significantly in the near future. Industries such as automobiles, aerospace, construction and interiors or architecture are the main demand drivers of this growing market. MM Maschinenmarkt International delves deeper into this industry to understand the many dynamics of the sheet metal industry.
The global sheet metal market size will grow by 69.16 billion dollars during 2018-2022, according to a report by market research firm Technavio. One of the major demand drivers of this market is the automobile sector as the sheet metal can be stamped, cut or bent into shapes which are required by the automobile’s body. With the rise of the auto sector in recent years, the demand for sheet metal has also increased. Some of the other sectors in which sheet metal is used include aerospace, defense, building and construction as well as the interior decoration and architecture sector.
A report by Transparency Market Research states that in terms of geography, North America, Europe, Asia Pacific and Rest of the World (RoW) are the major segments of the global sheet metals market. Whereas, developing regions such as Asia Pacific, especially China and India, are the major markets for sheet metals owing to increasing demand for these metals in the automobile industry. In addition to this, North America and Europe are also projected to be the major consumer of sheet metals due to growth in the building and construction industry in these regions. RoW includes Africa, Australia, and the Middle East.
3D technology for sheet metal production
The Technavio report further adds that incorporation of 3D technologies for sheet metal production is becoming popular in the global market. It goes onto state that vendors in the market are adopting 3D technologies for increasing the speed of work and reducing the overall production time. The new technology is also expected to increase across the automotive and aerospace industries in the near future.
Blechexpo international trade fair for sheet metal working
The sheet metal industry has evolved over time and many new innovations related to this field have been developed in the recent past. Hence, if one wants to know about the latest solutions in the market and the most recent trends in the sector, they should visit exhibitions such as the Blechexpo international trade fair.
This sheet metal working show enables one to get an overview of the industry and also acts a platform where visitors can interact with industry leaders in order to get a better understanding of the specialised sector. The global trade fair is scheduled to be held in Stuttgart, Germany from November 05 – 08, 2019 and is definitely worth a visit. Apart from this, the Schweisstec international trade fair for joining technology is another show that will be held concurrently with Blechexpo 2019.