GENERAL NEWS
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 .
Automotive , one of the segments analysed in the report , is projected to record a 2.6 % CAGR and reach US $ 37.3 billion by the end of the analysis period . After an early analysis of the business implications of the pandemic and its induced economic crisis , growth in the construction segment has been readjusted to a revised 2.1 % CAGR for the next seven-year period .
“ The sheet metal market in the U . S . is estimated at US $ 19.4 billion in the year 2020 . China , the world`s second largest economy , is forecast to reach a projected market size of US $ 17.2 billion by the year 2027 , trailing a CAGR of 4.8 % over the analysis period 2020 to 2027 . Among the other noteworthy geographic markets are Japan and Canada , each forecast to grow at 0.6 % and 1.9 % respectively over the 2020-2027 period . Within Europe , Germany is forecast to grow at approximately 1.2 % CAGR ,” said the report .
In the global ‘ Machinery ’ segment of the report , the USA , Canada , Japan , China and Europe will drive the 2.6 % CAGR estimated for this segment . These regional markets , accounting for a combined market size of
US $ 10.8 billion in the year 2020 , will reach a projected size of US $ 13 billion by the close of the analysis period . China will remain among the fastest growing in this cluster of regional markets .
“ Led by countries such as Australia , India and South Korea , the market in Asia-Pacific is forecast to reach US $ 11.8 billion by the year 2027 , while Latin America will expand at a 3.9 % CAGR throughout the analysis period ,” concluded the report .
The automation race
According to the International Federation of The country with the highest robot density Robotics ( IFR ), the average robot density in by far remains Singapore with 918 units per the manufacturing industry hit a new global 10,000 employees in 2019 . The electronics record of 113 units per 10,000 employees . industry , especially semiconductors and By region , Western Europe ( 225 units ) and computer peripherals , is the primary the Nordic European countries ( 204 units ) customer of industrial robots in Singapore have the most automated production , with shares of 75 % of the total operational followed by North America ( 153 units ) and stock . South East Asia ( 119 units ).
“ South Korea comes second with 868
The world ´ s top ten most automated units per 10,000 employees in 2019 . Korea countries are : Singapore ( 1 ); South Korea ( 2 ); is a market leader in LCD and memory chip Japan ( 3 ); Germany ( 4 ); Sweden ( 5 ); Denmark manufacturing with companies such as ( 6 ); Hong Kong ( 7 ); Chinese Taipei ( 8 ); USA Samsung and LG on top , as well as a major ( 9 ) and Belgium and Luxemburg ( 10 ). This production site for motor vehicles and the is according to the latest World Robotics manufacturing of batteries for electric cars ,” statistics , issued by the International commented the IFR . Federation of Robotics ( IFR ).
Japan ( with 364 robots per 10,000
“ Robot density is the number of employees ) and Germany ( 346 units ), rank operational industrial robots third and fourth respectively . Japan is the relative to the number of world ´ s predominant robot manufacturing workers ,” said Milton Guerry , country - where even robots assemble
President of the International robots : 47 % of global robot production
Federation of Robotics . “ This is made in Japan . The electrical and level measurement allows electronics industry has a share of 34 %, comparisons of countries with the automotive industry 32 % and the different economic sizes in the metal and machinery industry 13 % of the dynamic automation race over Left : Milton Guerry , President of the time .” International Federation of Robotics .
operational stock . Germany is by far the largest robot market in Europe with 38 % of Europe ’ s industrial robots operating in factories there . Robot density in the German automotive industry is among the highest in the world . Employment in this sector rose continuously from 720,000 people in 2010 to almost 850,000 people in 2019 .
Sweden remains in fifth position with a robot density of 274 units operating with a share of 35 % in the metal industry and another 35 % in the automotive industry . “ Robot density in the United States increased to 228 robots . In 2019 , the U . S . car market was again the second largest car market in the world , following China , with the second largest production volume of cars and light vehicles . Both USA and China are considered highly competitive markets for car manufacturers worldwide ,” continued the IFR .
“ The development of robot density in China continues dynamically . Today , China ’ s robot density in the manufacturing industry ranks fifteenth worldwide . Next to car production , China is also a major producer of electronic devices , batteries , semiconductors and microchips ,” it concluded .
6 | sheetmetalplus . com | ISMR March 2021