Global sheet metal fabrication services market to reach

Dublin, Aug. 08, 2022 (GLOBE NEWSWIRE) — The “Sheet Metal Fabrication Services – Global Market Trajectory & Analytics” report has been added to from ResearchAndMarkets.com offer.

Global sheet metal fabrication services market to reach $17.2 billion by 2026

Amid the COVID-19 crisis, the global sheet metal fabrication services market estimated at US$15.3 billion in 2022 is expected to reach a revised size of US$17.2 billion by 2026, growing at a CAGR of 2.6% over the analysis period. .

Sheet metal fabrication refers to the subtractive processing method of cutting sheet metal into parts. The growth of the global market is driven by rapid urbanization in many developing regions and a robust trend of R&D investments in several service sectors. The growing demand for sheet metal fabrication by a wide range of major end users such as military and defense, aerospace, automotive, oil and gas, industrial machinery, medical devices, construction, agriculture, consumer products and electronics should drive growth.

Additionally, the current focus on improving operational efficiency and lean manufacturing is contributing to the increased demand for the sheet metal forming process among OEMs. Innovative prefabrication techniques adopted by sheet metal fabrication service providers to meet growing demand are expected to further drive growth. The growing labor shortage could be solved by adopting cobots in metal fabrication processes. Consequently, an increasing number of metal fabrication facilities are adopting cobots to improve operational efficiency and improve product quality.

The US market is estimated at $2.7 billion in 2022, while China is expected to reach $6 billion by 2026
The sheet metal fabrication services market in the United States is estimated to be worth US$2.7 billion in 2022. The country currently accounts for a 17.78% share of the global market. China, the second largest economy in the world, is expected to reach an estimated market size of US$6 billion in 2026 growing at a CAGR of 3.4% over the analysis period. Other noteworthy geographic markets include Japan and Canada, each forecasting growth of 1.5% and 2% respectively over the analysis period. In Europe, Germany is expected to grow at a CAGR of around 1.8%, while the rest of the European market (as defined in the study) will reach US$6.2 billion by the end of the year. analysis period.

Select competitors:

  • All Metal Manufacturing, Inc.
  • BTD Manufacturing, Inc.
  • Classic Sheet Metal, Inc.
  • Aeronautics and Defense Dynamic Group (Hydram Engineering)
  • Ironform Corporation
  • Kapco Metal Stamping
  • Marlin LLC Steel Wire Products
  • Mayville Engineering Company, Inc.
  • Metcam, Inc.
  • Moreng Metal Products, Inc.
  • Noble Industries, Inc.
  • O’Neal Manufacturing Services.
  • Osh Cut LLC
  • Ryerson Holding Company
  • Standard Iron & Wire Works, Inc.
  • The Metallurgy Group

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND DRIVERS

  • The demand for fabricated metal parts in various end-use sectors defines the growth trend of the sheet metal fabrication services market
  • Automation of sheet metal fabrication services transforms industry operations
  • Industry 4.0: The future of sheet metal fabrication services
  • Smart factory solutions to help sheet metal fabrication companies overcome pandemic-triggered challenges
  • Demand for automobiles and increase in automobile manufacturing operations to drive market gains
  • Transition to electric vehicles: meteoric growth of the store
  • Role of sheet metal fabrication in the refurbishment of vintage automobiles
  • Industrial machinery and equipment industry to drive market outlook
  • COVID-19 Outbreak Induces Weakness in Manufacturing and Machinery End-Use Industry
  • Construction Industry Dynamics to Influence Market Outlook
  • Rising demand for electronic devices and components from residential and industrial sectors to fuel market growth
  • Sheet metal fabrication in the telecommunications sector
  • The Aerospace and Defense Industry Presents Long-Term Opportunities for Sheet Metal Fabrication Services
  • Trends Impacting Aerospace Sheet Metal Fabrication
  • Rise in aerospace manufacturing will drive a parallel rise in demand for metal fabrication services
  • As an essential aspect of medical device innovation, sheet metal fabrication to transform the medical industry
  • Trends poised to spearhead growth in the sheet metal fabrication services industry
  • The growing importance of additive manufacturing for the manufacturing industry is driving growth opportunities
  • Advanced technologies are transforming sheet metal fabrication services
  • 3D CAD improves design quality: it becomes vital for the metal fabrication industry
  • Laser technology contributes to automation trend in sheet metal fabrication
  • Growing use of laser machines and communication systems
  • Nearshoring emerges as a notable trend in the sheet metal fabrication market
  • Increase adoption of cobots in metal fabrication process to take advantage of market growth
  • Custom Sheet Metal Fabrication Issues

4. GLOBAL MARKET OUTLOOK

III. MARKET ANALYSIS

IV. COMPETITION

For more information on this report visit https://www.researchandmarkets.com/r/i7srx9

  • Global sheet metal fabrication services market

        

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