General Construction Products & Machinery

Sheet Metal: Market Size, Growth & Forecast to 2030

The Sheet Metal market is valued at about $350 billion (2026) and is projected to grow at a 4.7% CAGR through 2030. The largest cost driver is Raw Materials Steel and Aluminum (55% of spend). Asia Pacific leads demand at 45%.

Market size
$350.0 bn (2026)
CAGR to 2030
+4.7%
Buyer power
Favours buyers
Tracked suppliers
2500

Projected market growth to 2030

Market size index, 2026 = 100, at the 4.7% CAGR.

1261171091001002026104.72027109.62028114.82029120.22030125.82031

Cost structure

Raw Materials Steel and Aluminum
55%
Energy and Processing Power
15%
Direct Skilled Labor
15%
Logistics and Freight
10%
Tooling and Consumables
5%

Regional demand split

Asia Pacific demand
45%
Europe demand
23%
North America demand
22%
Rest of world demand
10%

Key suppliers

Nucor CorporationArcelorMittalMayville Engineering CompanyThyssenkrupp AGPOSCO HoldingsGestamp Automocion
Read the full Sheet Metal report →

Claight market analysis of proprietary and public data. Full report: /category-intelligence/sheet-metal