Market Overview:
The global sheet metal market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for smart appliances across different applications, especially in commercial and residential sectors. Sheet metal is used in various appliances such as refrigerators, dishwashers, ovens, coffee makers and cooktops among others. Increasing demand for energy-efficient and smart appliances is driving the growth of sheet metal market globally. In terms of type, the global sheet metal market can be segmented into smart refrigerators, smart dishwashers,smart ovens ,smart coffee maker ,smart cookware and cooktop among others .
Product Definition:
Sheet metal is a material made from an alloy of copper and zinc. It is a malleable metal that can be easily shaped by hammering, rolling, or pressing. Sheet metal is often used in automobile bodies, electrical boxes, and other industrial applications.
Smart Refrigerators:
Smart refrigerators are equipped with multiple temperature sensors and controlled by microprocessor, which makes it more intelligent than traditional fridges. The growth of smart appliances is attributed to the growing demand for energy-efficient products that can be operated using mobile apps on smartphones or through remote access.
The increasing need for improved energy efficiency in residential applications has led to the introduction of several innovative technologies including heat pumps and super-insulation, which have a major impact on market growth.
Smart Dishwashers:
Smart dishwashers are a new concept in the household appliances industry. They are considered as an advanced level of automated washers that can be used for both residential and commercial purposes. The product is equipped with several innovative features, such as it has sensors which detect soil or any foreign objects on the dishes, it will stop working until the item is removed from the plate or bowl, and also have options to add time delay before finishing your task which usually takes less time than regular wash cycles.
Application Insights:
The residential application segment led the global sheet metal market in 2017 and is projected to witness significant growth over the forecast period. Rapid urbanization coupled with rising disposable income levels in developing countries such as India, China and Brazil is expected to drive demand for residential products. Furthermore, increasing penetration of smart appliances has paved way for integrated kitchen equipment that enables users to monitor food preparation through smartphone or tablet apps. This trend is expected to have a positive impact on product demand over the next seven years.
The commercial sector includes hotels, restaurants and bars among others which use large number of advanced products daily without human contact interaction or service requirement at all times.
Regional Analysis:
Asia Pacific dominated the global sheet metal market in 2017 and is expected to continue its dominance over the forecast period. The growth of Asia Pacific can be attributed to increasing demand for smart appliances from developing countries such as India, China, and Japan. Furthermore, rising disposable income coupled with rapid urbanization in these countries will boost product sales further driving industry growth.
The European region accounted for a significant share of global revenue in 2017 owing to high consumer awareness regarding energy-efficient products along with growing environmental concerns pertaining to carbon footprints associated with various appliances usage patterns. Moreover, stringent government regulations aimed at reducing greenhouse gas emissions by 20% by 2020 are anticipated to drive product adoption across Europe over the next eight years.
Growth Factors:
- Increasing demand from the automotive and construction industries
- Growing popularity of lightweight and fuel-efficient vehicles
- Rising demand for customized sheet metal products
- Technological advancements in sheet metal fabrication processes
- Growing awareness about the benefits of using sheet metal products
Scope Of The Report
Report Attributes
Report Details
Report Title
Sheet Metal Market Research Report
By Type
Smart Refrigerators, Smart Dishwashers, Smart Oven, Smart Coffee Maker, Smart Cookware, Cooktop, Other Appliances
By Application
Commercial, Residential
By Companies
Whirlpool, LG Electronics, Dongbu Daewoo Electronics, AB Electrolux, Panasonic, Haier Group, Samsung Electronics, Koninklijke Philips, General Electric, Onida, SectorQube, Dacor
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Sheet Metal Market Report Segments:
The global Sheet Metal market is segmented on the basis of:
Types
Smart Refrigerators, Smart Dishwashers, Smart Oven, Smart Coffee Maker, Smart Cookware, Cooktop, Other Appliances
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Residential
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Whirlpool
- LG Electronics
- Dongbu Daewoo Electronics
- AB Electrolux
- Panasonic
- Haier Group
- Samsung Electronics
- Koninklijke Philips
- General Electric
- Onida
- SectorQube
- Dacor
Highlights of The Sheet Metal Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Smart Refrigerators
- Smart Dishwashers
- Smart Oven
- Smart Coffee Maker
- Smart Cookware
- Cooktop
- Other Appliances
- By Application:
- Commercial
- Residential
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Sheet Metal Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Sheet metal is a thin sheet of metal that has been formed into a specific shape. It can be used for a variety of purposes, including building structures and vehicles.
Some of the major companies in the sheet metal market are Whirlpool, LG Electronics, Dongbu Daewoo Electronics, AB Electrolux, Panasonic, Haier Group, Samsung Electronics, Koninklijke Philips, General Electric, Onida, SectorQube, Dacor.
The sheet metal market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Sheet Metal Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Sheet Metal Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sheet Metal Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Sheet Metal Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Sheet Metal Market Size & Forecast, 2020-2028
4.5.1 Sheet Metal Market Size and Y-o-Y Growth
4.5.2 Sheet Metal Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Smart Refrigerators
5.2.2 Smart Dishwashers
5.2.3 Smart Oven
5.2.4 Smart Coffee Maker
5.2.5 Smart Cookware
5.2.6 Cooktop
5.2.7 Other Appliances
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Residential
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sheet Metal Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Sheet Metal Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Smart Refrigerators
9.6.2 Smart Dishwashers
9.6.3 Smart Oven
9.6.4 Smart Coffee Maker
9.6.5 Smart Cookware
9.6.6 Cooktop
9.6.7 Other Appliances
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Residential
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Smart Refrigerators
10.6.2 Smart Dishwashers
10.6.3 Smart Oven
10.6.4 Smart Coffee Maker
10.6.5 Smart Cookware
10.6.6 Cooktop
10.6.7 Other Appliances
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Residential
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Smart Refrigerators
11.6.2 Smart Dishwashers
11.6.3 Smart Oven
11.6.4 Smart Coffee Maker
11.6.5 Smart Cookware
11.6.6 Cooktop
11.6.7 Other Appliances
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Residential
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Smart Refrigerators
12.6.2 Smart Dishwashers
12.6.3 Smart Oven
12.6.4 Smart Coffee Maker
12.6.5 Smart Cookware
12.6.6 Cooktop
12.6.7 Other Appliances
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Residential
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Smart Refrigerators
13.6.2 Smart Dishwashers
13.6.3 Smart Oven
13.6.4 Smart Coffee Maker
13.6.5 Smart Cookware
13.6.6 Cooktop
13.6.7 Other Appliances
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Residential
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Sheet Metal Market: Competitive Dashboard
14.2 Global Sheet Metal Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Whirlpool
14.3.2 LG Electronics
14.3.3 Dongbu Daewoo Electronics
14.3.4 AB Electrolux
14.3.5 Panasonic
14.3.6 Haier Group
14.3.7 Samsung Electronics
14.3.8 Koninklijke Philips
14.3.9 General Electric
14.3.10 Onida
14.3.11 SectorQube
14.3.12 Dacor
