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Global Metal Fabrication Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Chemical and Materials
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Metal Fabrication Market, By Service (Metal Welding, Metal Machining, Metal Forming, Metal Shearing, Metal Cutting, Metal Folding, Metal Rolling, Metal Stamping and Metal Punching), Material (Steel, Aluminum, Others), End-Users (Construction, Automotive, Aerospace, Manufacturing, Energy and Power, Electronics, Others) – Industry Trends and Forecast to 2029.

Metal Fabrication Market

Global Metal Fabrication Market Analysis and Size

The increased advancements in domains such as computerization and robotics are paving the way for new age technologies and solutions to be implemented in the global metal fabrication market. Over the forecasted period, rising demand for metal processing and machining in various growing nations around the world is expected to boost the global metal fabrication market. Consequently, the market is anticipated to witness lucrative growth.

  • Global Metal fabrication Market was valued at USD 20.0 billion in 2021 and is expected to reach USD 29.46 billion by 2029, registering a CAGR of 4.7% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Global Metal Fabrication Market Definition

Metal fabrication is producing metal structures and assemblies from raw metalwork elements. This is referred to be a value-added service since it uses multiple methods such as metal welding, metal machining, metal shaping, and metal cutting to totally distort the raw material and build a completely new structure. Welding, cutting, machining, and shearing are just a few of the value-added services offered by metal fabrication facilities. Metal fabricators provide value to their customers by offering a comprehensive range of services in one location.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

By Service (Metal Welding, Metal Machining, Metal Forming, Metal Shearing, Metal Cutting, Metal Folding, Metal Rolling, Metal Stamping and Metal Punching), Material (Steel, Aluminum, Others), End-Users (Construction, Automotive, Aerospace, Manufacturing, Energy and Power, Electronics, Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

O'Neal Manufacturing Services (U.S.), Interplex Holdings Pte. Ltd. (Singapore), Komaspec (China), LancerFab Tech Pvt. Ltd. (India), BTD Manufacturing (U.S.), Kapco Metal Stamping (U.S.), Watson Engineering, Inc. (U.S.), Matcor-Matsu Group (Canada), STANDARD IRON and WIRE WORKS, INC. (U.S.), PA International (Belgium), Mayville Engineering Company, Inc. (U.S.), Aleris Corporation (U.S.), Mazak Corporation (Japan), TRUMPF (Germany), DMG MORI. (Germany), weMFG. (U.S.), R5 Metal Fabricators, Inc. (U.S.) and N.W. Metal Fabricators, Inc., (U.S.)

Market Opportunities

  • Advancements made in the field of automation tools and robotics
  • Adoption of automated fabrication process
  • Shifting trends in finance and manufacturing sectors

Metal fabrication Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

  • Increased Utilization

The increasing demand for machining and efficient fabrication processes is estimated to carve a way for the market's growth. Additionally, the growing need for programmed production techniques in the element fabrication industry, which aids in the manufacture of dependable fabrication amenities by removing all dangerous processes such as welding and cutting to cyborgs, is propelling the market forward. The rising demand and supply for metal fabrication across various industries such as automotive, aerospace and defense, and manufacturing will further fuel the growth rate of metal fabrication market.

Additionally, the increasing requirement for pre-programmed production practices in industry of element fabrication will also drive market value growth. The improvement in the supply chain through the adoption of various advanced solutions is also projected to bolster the growth of the market.

Opportunities

  • Shifting Trends and Advancements

Furthermore, shifting trends in finance and manufacturing sectors and the adoption of automated fabrication processes further enhance product applications and extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the advancements made in the field of automation tools and robotics will further expand the future growth of the metal fabrication market.

Restraints/Challenges Global Metal Fabrication Market

  • Lack of Professionals

A lack of qualified people and advances in additive construction technologies have hindered the growth market.

  • High Cost

Also, the fluctuations in the prices of raw materials will prove to be a demerit for the metal fabrication market. Therefore, this will challenge the metal fabrication market growth rate.

This metal fabrication market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the metal fabrication market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Metal fabrication Market

The recent outbreak of coronavirus had a negative impact on the metal fabrication market. The implementation of numerous rules and precautionary lockdowns, social distance standards, and import/export bans imposed by governments to curb the spread of disease has hampered the market as there were severe disruptions in various manufacturing as well as the halt of cross-border supply chain of raw materials. This led to huge financial setback for the market. Over the forecast period, the aforementioned determinants will weigh the market's revenue trajectory over the forecast period.

On the brighter side, governments have been forced to enable the production of various healthcare equipment, beds, and other products with a limited labor workforce, which has fueled demand for metal fabrication equipment in the market. However, as the economy improves and governments remove limitations on manufacturing, demand for metal fabrication equipment is expected to increase in the future years.

Recent Development

  • In December 2020, Jungheinrich, a German firm specializing in warehousing, material handling equipment, and material flow engineering, formed a partnership with Trumpf. TRUMPF would deliver TruTops, a production-control software that helps producers make their logistics more effective and efficient, as part of this partnership. Jungheinrich would also provide autonomous sheet metal component delivery between various storage places and machine instruments.

Global Metal fabrication Market Scope

The metal fabrication market is segmented on the basis of service, material and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Service

  • Metal Welding
  • Metal Machining
  • Metal Forming
  • Metal Shearing
  • Metal Cutting
  • Metal Folding
  • Metal Rolling
  • Metal Stamping 
  • Metal Punching

On the basis of service, the metal fabrication market has been segmented into metal welding, metal machining, metal forming, metal shearing, metal cutting, metal folding, metal rolling, metal stamping and metal punching. Metal cutting is further segmented into, machining centers, lathe machines, drilling, grinding, horning, and lapping machines, laser, ion beam, and ultrasonic machines, gear cutting machines, sawing and cutting-off machines and other handling and cutting equipment. Metal welding is further segmented into arc welding, oxy-fuel welding, laser beam welding and other types of welding. Forming is further segmented into forging machines and hammers, bending, folding, and straightening machines, shearing, punching, and notching machines, wire forming machines, and other presses and metal forming machines.

Material

  • Steel
  • Aluminum
  • Others

The metal fabrication market has also been segmented on the basis of material into steel, aluminum and others.

End-Users

  • Construction
  • Automotive
  • Aerospace
  • Manufacturing
  • Energy and Power
  • Electronics
  • Others

On the basis of end-users, the metal fabrication market is segmented into construction, automotive, aerospace, manufacturing, energy and power, electronics and others.

Metal fabrication Market Regional Analysis/Insights

The metal fabrication market is analyzed and market size insights and trends are provided by country, service, material and end-users as referenced above.

The countries covered in the metal fabrication market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the metal fabrication market because of the extensive research and development in China and India due to the close proximity of development and automotive firms, architecture and automotive within the region.

On the other hand, North America is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the region's huge automotive and ancillary industries.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Metal fabrication Market Share Analysis

The metal fabrication market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to metal fabrication market.

Some of the major players operating in the metal fabrication market are

  • O'Neal Manufacturing Services (U.S.)
  • Interplex Holdings Pte. Ltd. (Singapore)
  • Komaspec (China)
  • LancerFab Tech Pvt. Ltd. (India)
  • BTD Manufacturing (U.S.)
  • Kapco Metal Stamping (U.S.)
  • Watson Engineering, Inc. (U.S.)
  • Matcor-Matsu Group (Canada)
  • STANDARD IRON and WIRE WORKS, INC. (U.S.)
  • PA International (Belgium)
  • Mayville Engineering Company, Inc. (U.S.)
  • Aleris Corporation (U.S.)
  • Mazak Corporation (Japan)
  • TRUMPF (Germany)
  • DMG MORI (Germany)
  • weMFG. (U.S.)
  • R5 Metal Fabricators, Inc. (U.S.)
  • N.W. Metal Fabricators, Inc., (U.S.)


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Frequently Asked Questions

The Metal Fabrication Market will exponentially expand by $29.46 billion during the forecast period
The Metal Fabrication Market is Estimated to register a CAGR of 4.7% from 2022 to 2029.
The Major Companies Operating in the Metal fabrication Market are O'Neal Manufacturing Services (U.S.), Interplex Holdings Pte. Ltd. (Singapore), Komaspec (China), LancerFab Tech Pvt. Ltd. (India), BTD Manufacturing (U.S.), Kapco Metal Stamping (U.S.), TRUMPF (Germany), DMG MORI. (Germany), weMFG. (U.S.), R5 Metal Fabricators, Inc. (U.S.) and N.W. Metal Fabricators, Inc., (U.S.).
The Countries Covered in the Metal Fabrication Market Report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.