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Global sheet metal market to reach US$ 86 billion by 2027

According to updated research (from ResearchAndMarkets.com), amidst the COVID-19 crisis, the global market for sheet metal estimated at US$ 71.9 billion in the year 2020, is projected to reach a revised size of US$ 86 billion by 2027, growing at a CAGR of 2.6% over the analysis period 2020-2027.

Fixing on the future

New aerospace fasteners’ market research from Technavio indicates negative growth in the short term as the business impact of COVID-19 spreads. The aerospace fasteners market will grow by US$ 2.51 billion from 2020-2024, according to the analyst. The aerospace fasteners market is expected to post a year-over-year growth rate of 5.89%. Around 36% of growth will originate from the North America region.

Global fibre laser market

The global fibre laser market size is poised to grow by US$ 8.33 billion during 2020-2024, progressing at a CAGR of over 11% throughout the forecast period, according to the latest report by analyst, Technavio. The report offers up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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