Sheet Metal Market Report 2026

The sheet metal market size has grown strongly in recent years. It will grow from $336.94 billion in 2025 to $356.11 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to growth in automotive manufacturing, expansion of aerospace industry, development of home appliance and consumer goods, increased demand in defense applications, adoption of traditional rolling and forging processes.

The sheet metal market size is expected to see strong growth in the next few years. It will grow to $451.26 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising demand for lightweight construction materials, expansion in electric vehicle manufacturing, adoption of advanced automation and smart manufacturing, growth in aerospace and defense sectors, increasing use of specialty metals and coated sheet metals. Major trends in the forecast period include rising adoption of lightweight and high-strength sheet metals, integration of advanced cutting and stamping technologies, expansion of coating and surface finishing techniques, increasing use of titanium and specialty alloys, growth in automotive, aerospace, and home appliance applications.

The ongoing expansion of the construction sector is expected to drive the growth of the sheet metal market in the coming years. Sheet metal refers to thin, lightweight, high-strength flat sheets made from highly conductive materials such as iron, copper, brass, nickel-iron alloys, and others, and processed using techniques including cutting, shaping, drawing, and shearing. The construction sector is expanding due to factors such as population growth, urbanization, and low interest rates on construction activities. The sector extensively uses sheet metal as a construction material because of advantages such as a low weight-to-thickness ratio, high strength, and durability, which collectively support market growth. For example, in May 2023, according to reports released by the United States Census Bureau, a US-based government agency, construction spending rose from $1.76 trillion in March 2022 to $1.83 trillion in March 2023, representing a 3.8% increase. Therefore, the continued growth of the construction sector is fueling the expansion of the sheet metal market.

Major companies operating in the sheet metal market are concentrating on the development of advanced solutions, such as fully automated punch-laser combination machines with connected manufacturing capabilities, to address the growing need for higher productivity, automation, and Industry 4.0-enabled fabrication workflows across the automotive, aerospace, and general industrial sectors. A fully automated punch-laser combination machine combines high-power laser cutting and CNC punching with automated material handling and digital connectivity, allowing precise sheet metal processing in a single setup while minimizing changeover time, manual involvement, and production bottlenecks compared with separate laser and punching systems. For example, in September 2024, TRUMPF Inc., a US-based machine tool and laser technology company, introduced the TRUMPF Fully Automated Punch-Laser Combination Machine for Connected Manufacturing to the North American market, an advanced sheet metal fabrication solution designed to seamlessly integrate laser cutting, punching, and automation with smart factory connectivity. The system includes automated loading and unloading, real-time machine communication, and modular automation extensions that enable flexible production configurations, delivering substantial improvements in cycle times, throughput, and digital traceability compared with conventional standalone equipment.

In April 2023, Seer Group LLC, a US-based company, acquired a majority stake in Border Sheet Metal & Heating. This strategic move provides Border Sheet Metal & Heating with additional resources and support from The SEER Group, fostering continued growth while retaining its identity and leadership under LeaAnn and Greg Brouillard. Border Sheet Metal & Heating, a US-based HVAC contracting and sheet metal fabrication company, benefits from this acquisition to sustain its growth trajectory.

Major companies operating in the sheet metal market report are Arconic Corporation, Alcoa Corporation, Baosteel Group Corporation, JFE Holdings Inc., Nippon Steel Corporation, POSCO Holdings Inc., United States Steel Corporation, ArcelorMittal S.A., Constellium SE, General Sheet Metal Works Inc., Hindalco Industries Limited, Kaiser Aluminum Corporation, Nucor Corporation, Tata BlueScope Steel Pvt. Ltd., Tata Steel Limited, BlueScope Steel Limited, ATAS International Inc., SSR Metals Private Limited, Sheet Metal Fabrication Companies, Maysteel Industries LLC, Aalco Metals Ltd., Ellwood Group Inc.

Asia-Pacific was the largest region in the sheet metal market in 2025. The regions covered in the sheet metal market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sheet metal market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The sheet metal market consists of sales of iron, copper, brass, nickel-iron alloys, and tin. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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