BUSINESS: $17.2 Billion Sheet Metal Fabrication Services Market – Global Trajectory & Analytics To 2026 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Sheet Metal Fabrication Services – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.

Global Sheet Metal Fabrication Services Market to Reach $17.2 Billion by the Year 2026

Amid the COVID-19 crisis, the global market for Sheet Metal Fabrication Services estimated at US$14.8 Billion in the year 2020, is projected to reach a revised size of US$17.2 Billion by 2026, growing at a CAGR of 2.6% over the analysis period. The global market for sheet metal fabrication services is growing due to rapid urbanization in many countries and strong R&D investments in various service sectors. The growth is expected to be driven by a growing demand for sheet metal fabrication from many major end users, including military and defense, aerospace and automotive, oil and gasoline, industrial machinery and medical devices, construction, agriculture and consumer products.

The current emphasis on operational efficiency and lean manufacturing has led to an increase in sheet metal forming demand among OEMs. The growth is expected to be driven by innovative prefabrication methods that are being used by sheet metal fabrication service providers in order to meet growing demand. Cobots could be used in metal fabrication to address the growing shortage of labor.

As a result, more metal fabrication plants are using cobots to improve their operational efficiency and product quality. CNC machine tools are becoming more important in sheet metal fabrication. They are used in many applications, including shaping and molding.

steel, one of the segments that were analyzed in this report, is expected to grow at a 3.3% CAGR and reach US$7.7 billion by the end. After an in-depth analysis of the economic consequences of the pandemic, and the resulting economic crisis, the growth rate for the Aluminum segment has been adjusted to 2.5% CAGR over the next seven years.

This segment currently accounts for a 38.9% share of the global Sheet Metal Fabrication Services market. Because of their durability and high strength, aluminum and steel are the most popular metals used for sheet metal fabrication, they also have corrosion resistance properties. Due to its popularity as a building material for large-scale construction projects, steel is expected to continue its strong growth.

The U.S. Market is Estimated at $2.7 Billion in 2021, While China is Forecast to Reach $6 Billion by 2026

The Sheet Metal Fabrication Services market in the U.S. is estimated at US$2.7 Billion in the year 2021. The country currently accounts for a 17. 78% share in the global market. China, the world’s second largest economy, is forecast to reach an estimated market size of US$6 Billion in the year 2026 trailing a CAGR of 3.4% through the analysis period.

Canada and Japan are two other notable geographic markets that are expected to grow at 1.5% & 2%, respectively, over the period. Within Europe, Germany is forecast to grow at approximately 1.8% CAGR while Rest of European market (as defined in the study) will reach US$6.2 Billion by the year 2027. Due to the growing number of construction projects in the region, and the strong defense and aviation industries,

North America is responsible for a large share of the sheet metal fabrication industry. Easy availability of raw materials, and relatively low labor costs are the key factors behind Asia-Pacific’s rapid growth in manufacturing.

In response to the growing demand for sheet metal fabrication services in Asia-Pacific countries, many companies have moved their manufacturing bases to the region.

Key Topics:

I. METHODOLOGY I. EXECUTIVE 1. MARKET OVERVIEW

Manufacturing Activity Dynamics to Impact Market Growth
Pandemic Significantly Disrupts the Metalworking Industry
Significant Impact on the Metal Fabrication Supply Chain
Focus on Automation and Additive Manufacturing Increases in Metal Fabrication Industry
Fabricators Scale up Operations and Increase Investments to Tap Post-Covid Opportunities
An Introduction to Sheet Metal Fabrication Services
Standard Sizes of Sheet Metal
Cold-Rolled vs Hot-Rolled Sheet metal
Sheet Metal Fabrication Processes-An Overview
Global Market Prospects & Outlook
Bend Sheet: The Leading Segment by Form
Steel Represents the Most Widely Used Material for Sheet Metal Fabrication
Automotive and Industrial Machinery: The Major End-Use Segments
Regional Analysis
Recent Market Activity

2. FOCUS ON SELECT PLAYERS (Total 153 Featured)

Action Fabricating, Inc.
BTD Manufacturing
Classic Sheet Metal, Inc.
Dynamic Aerospace and Defense Group (Hydram Engineering Hydram Engineering Ltd.)
Ironform Corporation
Kapco Metal Stamping
Marlin Steel Wire Products
Mayville Engineering Company, Inc.
Metcam, Inc.
Moreng Metal Products Inc.
Noble Industries, Inc.
O’Neal Manufacturing Services
Ryerson Holding Corporation
Standard Iron & Wire Works, Inc.
The Metalworking Group

3. MARKET TRENDS & DRIVERS

Demand for Fabricated Metal Parts from Varied End-Use Sectors Sets the Growth Trend in 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 & Increase in Automaking Operations to Drive Market Gains
Shift towards Electric Vehicles: Tremendous Growth in Store
Role of Sheet Metal Fabrication in Refurbishing Old Automobiles
Industrial Machinery & Equipment Industry to Boost Market Outlook
COVID-19 Outbreak Induces Weakness into Manufacturing & Machinery End-Use Industry
Construction Industry Dynamics to Influence Market Prospects
Rise in Demand for Electronics Devices & Components from Residential & Industrial Sectors to Fuel Market Growth
Sheet Metal Fabrication in Telecommunication Sector
Aerospace & Defense Industry Presents Long-term Opportunities for Sheet Metal Fabrication Services
Trends Impacting the Aerospace Sheet Metal Fabrication
COVID-19 Outbreaks Dents Prospects in Aviation Industry
As an Essential Aspect of Medical Device Innovation, Sheet Metal Fabrication to Transform Medical Sector
Trends Poised to Spearhead Growth in the Sheet Metal Fabrication Services Industry
Rising Significance of Additive Manufacturing for Manufacturing Industry Spurs Growth Opportunities
Advanced Technologies Transform Sheet Metal Fabrication Services
3D CAD Improves Design Quality: Becomes Vital for Metal Fabrication Industry
Laser Technology Aids Automation Trend in Sheet Metal Fabrication
Use of Laser Machines and Communications Systems on the Rise
Nearshoring Emerges as a Notable Trend in Sheet Metal Fabrication Market
Increasing Adoption of Cobots in Metal Fabrication Process to Benefit Market Growth
Issues Confronting Custom Sheet Metal Fabrication

4. GLOBAL MARKET PERSPECTIVE

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/hs6uq6

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