Asia Pacific to Continue to Lead with Healthy Future Growth ProspectsAsia Pacific contributed the dominant share of around 33% to the revenue of the global automotive sheet metal components market in 2016. 60% of the total weight of a vehicles is made of steel components.Europe contributed more than 25% to the global automotive sheet metal components market in the said year, with Germany being the dominant market.. Ltd. The usage of steel as an automotive sheet metal component is expected to remain strong over the report’s forecast period as well.7% from 2017 to 2025 to account for US$142. holding the dominant share. There are numerous grades of steel available in the market to best suit the specific requirements as per application.

Global Automotive Sheet Metal Components Market: SnapshotThe transportation industry, one of the leading contributors of polluting agents to the environment due to the mounting numbers of vehicles across the globe, has been under the radar of environmentalists for a long while. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information., and Omax Autos Ltd.. These factors are expected to be the key factors to drive the global market for automotive sheet metal components market over the next few years. In terms of revenue, North America generated around 20% of the total revenues in the global automotive sheet metal components market in 2016, with the market in the U.High-strength Steel to Continue to Witness Strong DemandSteel sheet components are the most widely used material in the automotive sector. Some of the leading companies operating in the global automotive sheet metal components market profiled in the report are Novelis Inc. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. The automotive sheet metal components market in North America is projected to expand significantly during the forecast period. Steel allows good corrosion resistance while maintaining weldability and formability.Browse the Report : /automotive-sheet-metal.About UsTransparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. China is the leading automotive sheet metal components market in Asia Pacific.41 bn in 2025., Aleris International Inc..Transparency Market Research estimates that the global automotive sheet metal components market, which was valued at US$104. Therefore, downsizing of engine in order to ensure fuel efficient and environment-friendly attribute in vehicles has been propelling the demand for high strength steel, which are more durable and lighter than standard steel. To change the situation, the strict regulations imposed on vehicle-makers to bring to explosion proof ip camera Manufacturers the market vehicles with higher rate of fuel efficiency are force-feeding the vehicle of development in the automotive industry. The country has huge resource and technological capabilities in the automotive sector. Stringent emission norms and automobile standards has been emphasizing automakers to develop lightweight vehicles. Aluminum and steel sheet metals are being designed in much more refined and thinner forms as compared to old times in order to make them applicable for lighter automobile applications. The rising applications of sheet metal components in new segment of vehicles such as electric and hybrid cars are expected to bolster the growth of the market in Europe at a healthy rate over the forecast period. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. On the way to being more fuel efficient, engine downsizing and lighter vehicle parts are some of the most notable changes to have been observed in vehicles of late.


In order to make vehicles and their engines lighter, automobile manufacturers are demanding suppliers to provide lightweight sheet metal components to support the performance of lighter vehicle engines., O’Neal Manufacturing Services, General Stamping and Metal Works, Larsen Manufacturing, LLC, Amada Co.30 bn in 2016, will exhibit a CAGR of 3. Moreover, increasing demand for passenger vehicles in China and India is propelling the growth of automotive sheet metal components market in the Asia Pacific region.