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Metal Shaping in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 2591 August 2024 Spotlight Report

Revenue

€70.4bn

2019-2024 6.1 %
2024-2029 X.X %

Employees

420k

2019-2024 2.3 %
2024-2029 X.X %

Businesses

18,340

2019-2024 0.9 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Metal Shaping in Europe industry analysis

The European metal shaping industry, a key player in the region's manufacturing sector, has seen shifting fortunes over the past several years. Metal shaping is strongly tied to the performance of downstream sectors like motor vehicle manufacturing and construction, using its expertise in forging, pressing, stamping, and powder metallurgy to create end-products and intermediate goods. While Europe’s construction sector has seen upward trends, enhancing demand for shaped metal, challenges spurred by heating energy costs, particularly in Germany, Italy, France, and Austria, have nudged industry players to adopt energy-efficient strategies. Industry revenue is expected to tumble at a compound annual rate of 6.1% over the five years through 2024 to €70.4 billion – including an estimated 3.6% slump over the current year.

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Industry Statistics and Trends

Metal Shaping in Europe key trends

Increasing energy costs are impacting metal shapers.

 

Particularly in high-cost countries like Germany and Italy, this trend drives companies towards energy-efficient strategies to maintain competitiveness.

Motor vehicle manufacturing fluctuations have affected metal shapers' sales.

 

Despite production dips and semiconductor shortages, opportunities are growing in the electric vehicle market, spurring sales of specialised products.

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Metal Shaping in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Metal Shaping in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 6.1 % over the past five years, to reach an estimated €70.4bn in 2024.

Trends and Insights

The industry is reliant on European construction activity

  • The performance of the European construction sector is a partial determinant of demand for shaped metal. This includes structural components like bras, rods and tubes, as well as architectural elements for decorative or functional purposes.

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Metal Shaping in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

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Revenue

€70.4bn

2019-2024 6.1 %
2024-2029 X.X %

Employees

420k

2019-2024 2.3 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 2.3 % *
  • Job Growth

Top 5 Countries

  1. Luxembourg +10.7%
  2. Russia +10.6%
  3. Sweden +8.1%
  4. Switzerland +6.5%
  5. Bosnia & Herzegovina +6.0%

Bottom 5 Countries

  1. Belgium -10.1%
  2. Latvia -6.8%
  3. Greece -5.1%
  4. Norway -4.8%
  5. Ireland -2.2%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Metal Shaping in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
ArcelorMittal SA
76,351.8
10,003.2
13.1
Thyssenkrupp Steel Europe AG
18,500.0
6,300.0
34.1
Salzgitter AG
12,200.0
1,000.0
8.2

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Metal Shaping in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Metal Shaping industry in Europe in 2024?

The market size of the Metal Shaping industry in Europe is €70.4bn in 2024.

How many businesses are there in the Metal Shaping in Europe industry in 2024?

There are 18,340 businesses in the Metal Shaping industry in Europe, which has grown at a CAGR of 0.9 % between 2019 and 2024.

Has the Metal Shaping industry in Europe grown or declined over the past 5 years?

The market size of the Metal Shaping industry in Europe has been declining at a CAGR of 6.1 % between 2019 and 2024.

What is the forecast growth of the Metal Shaping industry in Europe over the next 5 years?

Over the next five years, the Metal Shaping industry in Europe is expected to grow.

What does the Metal Shaping in Europe include?

Sheets and plates and Tubes and pipes are part of the Metal Shaping industry.

Which countries have the most businesses in the Metal Shaping industry in Europe?

The European country with the most businesses in the Metal Shaping industry is Czechia.

How competitive is the Metal Shaping industry in Europe?

The level of competition is high and increasing in the Metal Shaping industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

Manufacturers in this industry are primarily involved in shaping, altering, and finishing metal pieces through forging, pressing, stamping, roll-forming, and powder metallurgy. The activities typically involve transforming metal into end-products or intermediate goods that will be used in numerous sectors, from automotive and construction to aerospace and machinery manufacturing.

Related Terms

ForgingPressingStampingRoll-FormingPowder Metallurgy

What's included in this industry?

Sheets and platesTubes and pipesBars and rodsForgings

Companies

ArcelorMittal SAThyssenkrupp Steel Europe AGSalzgitter AG

Industry Code

ISIC 2006

2591 - Forging, pressing, stamping and roll-forming of metal; powder metallurgy in Europe

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Performance

Key Takeaways

The industry is reliant on European construction activity

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Metal Shaping in Europe industry (2011 -2029)
  • Employees in the Metal Shaping in Europe industry (2011 -2029)
  • Business in the Metal Shaping in Europe industry (2011 -2029)
  • Profit in the Metal Shaping in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Metal Shaping in Europe industry?


Outlook

Analysis

What's driving the Metal Shaping in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Metal Shaping in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Metal Shaping in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

The versatility of metal sheets, plates, tubes, pipes, bars and rods is the industry. These materials play an integral role in sectors like vehicle manufacturing, construction and renewable energy, adapting to demand for lightweight, high-strength solutions.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Metal Shaping in Europe industry's products and services performing?

Analysis

What are innovations in the Metal Shaping in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Metal Shaping in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Economies of scale drive concentration for metal shapers. Manufacturers that have large-scale operations can lower per-unit costs and deliver competitive pricing, alongside maintaining high-quality standards, propelling them ahead in the market competition.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 9 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for ArcelorMittal SA
  • Countries of operation for Thyssenkrupp Steel Europe AG
  • Countries of operation for Salzgitter AG
  • Countries of operation for Tata Steel Ltd
  • Countries of operation for Voestalpine AG
  • Countries of operation for Gestamp Automoción SA
  • Countries of operation for Amada Co Ltd
  • Countries of operation for Melrose Industries plc
  • Countries of operation for AIDA Engineering Ltd

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulation pushes towards a greener steel industry in Europe. Government regulations and policy initiatives are steering the industry towards more sustainable and environmentally friendly practices. Both legislative mandates and incentives are driving this shift.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Metal Shaping in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Profitability in the metal shaping sector is weathering ongoing challenges. Pandemic-induced disruptions and elevated costs over the four years through 2024 have pressured profit, driving manufacturers towards alternative materials and higher-margin projects.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Metal Shaping in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.