Thailand Sheet Metal Market (2024-2030) | Outlook, Share, Size, Growth, Companies, Forecast, Value, Industry, Analysis, Revenue & Trends

Thailand Sheet Metal Market Synopsis

The sheet metal market in Thailand is projected to grow at a CAGR of 4.5% from 2020-2026. The increasing demand for automobiles, construction projects and IT industry are the major drivers for the growth of this market. Furthermore, government initiatives such as ???Thailand 4.0??? and ???Make-in-Thailand??? are expected to create more opportunities in this sector along with other industries such as aerospace and defense sectors which will trigger further growth prospects in the coming years..

Market Drivers

The automotive industry in Thailand has been on an upward trend since 2018 due to increasing consumer demand and investments by automakers across different segments like SUVs, pick-up trucks etc., thus driving up the need for sheet metal components used in auto production. This also increases domestic production that can be exported which boosts investment into manufacturing plants as well as associated services related to sheet metal components.In 2019, there was an increase of around 8% year on year (YoY) spending on public infrastructure projects including bridges, roads, airports, dams, railways etc., across regions within Thailand.This rise in spending led to increased demand for building materials such as sheet metal products which boosted their sales significantly during this period.

Challenges of the Market

The automotive industry in Thailand has been on an upward trend since 2018 due to increasing consumer demand and investments by automakers across different segments like SUVs, pick-up trucks etc., thus driving up the need for sheet metal components used in auto production. This also increases domestic production that can be exported which boosts investment into manufacturing plants as well as associated services related to sheet metal components.In 2019, there was an increase of around 8% year on year (YoY) spending on public infrastructure projects including bridges, roads, airports, dams, railways etc., across regions within Thailand.This rise in spending led to increased demand for building materials such as sheet metal products which boosted their sales significantly during this period.

Covid-19 Impact on the Market

The impact of Covid-19 on the Thailand Sheet Metal market has been significant. With a nationwide shutdown and closure of businesses, the demand for sheet metal products in Thailand dropped significantly. This has led to a drop in prices for sheet metals as well as a decrease in production due to decreased orders from customers.

Key Players of the Market

The key players in the Thailand Sheet Metal Market are NS BlueScope (Thailand) Co Ltd, Thailand Union Group PCL., Central Engineering & Machinery Co., Ltd., Samutprakarn Steel Processing Co,.Ltd etc. These companies have seen their businesses adversely impacted by the pandemic but have also implemented strategies to adjust operations and adapt to changing customer demands. They have focused on increasing digitalization of processes, diversifying product offerings and optimizing supply chains post COVID-19 restrictions to stay competitive in these challenging times.

Key Highlights of the Report:

• Thailand Sheet Metal Market Outlook
• Market Size of Thailand Sheet Metal Market, 2023
• Forecast of Thailand Sheet Metal Market, 2030
• Historical Data and Forecast of Thailand Sheet Metal Revenues & Volume for the Period 2020-2030
• Thailand Sheet Metal Market Trend Evolution
• Thailand Sheet Metal Market Drivers and Challenges
• Thailand Sheet Metal Price Trends
• Thailand Sheet Metal Porter's Five Forces
• Thailand Sheet Metal Industry Life Cycle
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By Material for the Period 2020-2030
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By Steel for the Period 2020-2030
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By Aluminum for the Period 2020-2030
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By Others for the Period 2020-2030
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By End-use for the Period 2020-2030
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By Automotive & Transportation for the Period 2020-2030
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By Building & Construction for the Period 2020-2030
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By Industrial Machinery for the Period 2020-2030
• Historical Data and Forecast of Thailand Sheet Metal Market Revenues & Volume By Others for the Period 2020-2030
• Thailand Sheet Metal Import Export Trade Statistics
• Market Opportunity Assessment By Material
• Market Opportunity Assessment By End-use
• Thailand Sheet Metal Top Companies Market Share
• Thailand Sheet Metal Competitive Benchmarking By Technical and Operational Parameters
• Thailand Sheet Metal Company Profiles
• Thailand Sheet Metal Key Strategic Recommendations