Automotive structural sheet metal market has witnessed a significant surge, mainly due to the current hype regarding the mobility services, autonomous, driving, digitization and electric powertrains, dominating the automotive industry. With the current boom in automotive production, across the globe the automotive chassis and exterior account for a major share, leading to the development of the automotive structural sheet metal market. Weight reduction in vehicles, is another major trend in the market that is expected to boost the demand, with manufacturers opting for lightweight materials to ensure reduction in emission rates. With major manufacturers and suppliers in the automotive industry competing at global level, the intensity of competition within the automotive industry, has increased. Such intense competition is pushing various manufacturers and suppliers, across the supply chain to develop high quality structural sheet metal to acquire greater market share.
Fluctuating cost of steel is expected to be a major retraining factor in the automotive structural sheet metal market. The increasing demand for steel is directly proportional to the increasing demand for automobiles, across the globe. Raw materials are the biggest cost driver for the automotive industry with approximately 22% of an automaker’s operational costs depending on steel.
Key Players
The key players of global Automotive Structural Sheet Metal market are Associated Materials LLC(U.S.), ABC Sheet Metal(U.S.), A&E Manufacturing Company(U.S.), ATAS International Inc(U.S.), BlueScope Steel Limited(Australia), Bud Industries Inc(U.S.), General Sheet Metal Works Inc(U.S.), NCI Building Systems(U.S.), Inc., Nucor Corporation(U.S.), United States Steel Corporation(U.S.), Alcoa Inc(U.S.), Wise Alloys LLC(U.S.), Noble Industries(U.S.), Autoline Industries Ltd(India) and Prototek(India). In 2016, these companies accounted for a share of XX% of the global market.
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