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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.

A global production language

Image caption: Hartmut Rauen, Deputy Executive Director, VDMA.

The publication of a new ‘OPC UA for Machinery’ specification moves the manufacturing industry closer to the goal of a global ‘production language’ for machine tools.

MACH moves to 2021

Given the spread of the COVID-19 Coronavirus, the Manufacturing Technologies Association (MTA) has decided that, to minimise the risks to visitors and exhibitors and to provide the best platform for exhibitors and visitors, the MACH exhibition will now take place from 25-28 January 2021.
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