Metal Fabrication Market (2021 to 2027) – Growth, Trends, COVID-19 Impact and Forecasts

Metal Fabrication Market was valued at US$ 19.6 Bn. in 2021. The Global Metal Fabrication Market size is estimated to grow at a CAGR of 4.7% over the forecast period.

Metal Fabrication Market Overview:

The report explores the Metal Fabrication market's segments (Product, Services, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Metal Fabrication market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Metal Fabrication market's contemporary competitive scenario. Metal Fabrication Market To know about the Research Methodology:- Request Free Sample Report 2021 is considered as a base year to forecast the market from 2022 to 2027. 2021’s market size is estimated on real numbers and outputs of the key players and major players across the globe. The past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysis, especially with the impact of lockdown by region.

Metal Fabrication Market Dynamics:

Rising demand and Increased Utilization for Metal Processing and Machining: The market’s growth is expected to be aided by rising demand for machining and efficient fabrication techniques. The growing demand is fueled by programmed production techniques in the element fabrication sector, which aids in the creation of trustworthy fabrication amenities by removing all harmful activities such as welding and cutting. The increasing demand and supply for metal fabrication across numerous industries, such as automotive, aerospace, military, and manufacturing, are expected to boost the market growth. Increased advancements in sectors like computerization and robotics are paving the way for new technologies and solutions to be implemented in the metal fabrication market. It is expected to rise in the next year due to increased demand for metal processing and machining in various growing economies around the world. Advancements in Technological Tools Used in Metal Fabrications: The metal working market uses a variety of ERP technologies and software. This facilitates data access and speeds up the decision-making process. Companies in the metal fabrication industries are benefiting from an increase in the use of computer-aided manufacturing technologies, which is helping them improve operational efficiency and production. The global metal fabrication market is expected to be driven by technological advances during the forecast period. Lack of Skilled Labor and Development in Additive Technologies: A lack of qualified people and advances in additive construction technology has hindered the market growth. Rapid advancements in additive manufacturing technology are reducing the time required to produce a product. Fabricators can easily design and create complicated items using additive manufacturing, which is a highly flexible manufacturing technique with a lot of room for customization. On a large scale, this method of production is used, but additive manufacturing is expected to be successful. In addition to these, the fluctuations in the prices of raw materials hamper the metal fabrication market growth. Shifting Trends and Advancements: During the forecast period changing development in the financial and manufacturing sectors as well as deployment of automated fabrication methods, expand product applications, and provide profitable prospects for market players. Improvements in automation tools and robotics provide an opportunity to flourish the metal fabrication market through the forecast period.

Metal Fabrication Market Segment Analysis

Based on Service, the Metal Fabrication Market is segmented into metal welding, metal machining, metal cutting, metal folding, metal rolling, metal shearing, metal stamping, and metal punching and metal stamping. Metal cutting holds the greatest proportion of the market and is expected to grow at a CAGR of 6.4% during the forecast period. The segment's growth is expected to be fuelled by rising demand for metal fabrication in industries like automotive. The ever-expanding industrial sector in developing countries is expected to boost the metal fabrication equipment market even more due to the diverse range of welding equipment available, which varies in size, power, and others. The segment has a substantial market share. Cutting machines are used to cut a variety of ferrous and non-ferrous metal into assemblies, individual pieces, and large-scale structures. Because of the operational necessity of welding and shaping metals for various fabrication requirements, welding equipment is prevalent across all industry verticals. Machining equipment is also anticipating the high demand from job shops to automotive to mechanical applications. The Asia Pacific machining equipment market is expected to expand at a CAGR of 4.23% over the forecast period. The segment is driven by an increasing number of small and medium-scale industries and metal workshops in these regions. Based on product, the metal fabrication market is segmented into steel, aluminum, and other metals. The steel fabrication segment expected to grow at a CAGR of 5.3% during the forecast period due to the increase in the number of constructions, rise in demand for metal 3D printing, and increased usage of steel fabrication in the Energy sector is the key market driver. Metal Fabrication Market 1 Based on Application, the Metal Fabrication Market is segmented into Job Shops, Automotive, Aerospace & defense, mechanical applications, and others. The market for automotive segment is expected to grow at a CAGR of 5.3% through the forecast period. Advancement in technology and ease of operations is attributed to the adoption of metal fabrications in the automotive industry are driving segment growth. Owing to the continuously evolving design and material combinations in automobile manufacturing, they have added sustainable demand for this equipment across various industries. Some of the applications comprise laser welding, laser brazing, spot welding, and fabricated metal sheets. Metal cutting machines are the most useful in the mechanical equipment field, followed by welding equipment. The industry needs sheet metal manufactured on a large scale.

Metal Fabrication Market Regional Insights:

The Asia Pacific region held the largest market share accounting for 46.1% in 2021. The Asia Pacific dominates the market because of extensive research and developments in China and India due to the close proximity of development and automotive firms and architecture in this region. Fuelled by rising industrial activity in India, Japan, China, etc. the metal fabrication services are bound to rise in Asia-Pacific. The government schemes like “Make in India” and “Made in China 2025” are promoting industrial activities. North America and Europe are anticipated to grow owing to adopting automation of the market services. The low cost of automated metal fabricated services is expected to drive the market in these regions. The rapid development of infrastructure in the Middle East and Africa boosts the market growth. The objective of the report is to present a comprehensive analysis of the global Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers. The reports also help in understanding the Metal Fabrication Market dynamic and structure by analyzing the market segments and projecting the Metal Fabrication Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Metal Fabrication Market make the report investor’s guide.

Metal Fabrication Market Scope: Inquire before buying

Global Metal Fabrication Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 19.6 Bn.
Forecast Period 2022 to 2027 CAGR: 4.7% Market Size in 2027: US $ 25.82 Bn.
Segments Covered: by Product • Steel • Aluminum • Others
by Application • Job shops • automotive • Aerospace & defense • Mechanical applications
by Services • Metal welding • Metal cutting • Metal shearing • Metal stamping • Metal rolling • Metal punching

Metal Fabrication Market, by Region

• North America • Europe • The Asia Pacific • Middle East and Africa • South America

Metal Fabrication Market Key Players:

Salasar Techno Engineering Ltd • Kirby building systems • Zamil industrial investment co • Karamtara engineering pvt ltd • ISGEC heavy engineering ltd • Interplex holdings • Kapco metal stamping • Watson engineering • Komaspec • Aleris corporation • Mazak corporation • PA international • IRON and WIRE Works • Mayville engineering company

Frequently Asked questions

1. What is the market size of the Metal Fabrication Market in 2020? Ans. The market size metal fabrication market in 2020 was $19.6 Billion. 2. What are the different segments of the Metal Fabrication Market? Ans. The metal fabrication market is divided into services, applications and products. 3. Who are the key players in the market? Ans. Salasar Techno engineering ltd, Kirby buildings, Zamil industrial investments, Karamtara engineering is a major company. 4. What is the study period of this market? Ans. The Metal fabrication market will be studied from 2021 to 2027. 5. Which region is expected to hold the highest market share? Ans. The Asia Pacific dominates the market share in the metal market.
1. Global Radio Access NetworkSize: Research Methodology 2. Global Radio Access Network Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Radio Access Network Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Radio Access Network Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Radio Access Network Size Segmentation 4.1. Global Radio Access Network Size, by product (2021-2027) • Steel • Aluminum • Others 4.2. Global Radio Access Network Size, by application (2021-2027) • Job shops • automotive • Aerospace & defense • Mechanical applications 4.3. Global Radio Access Network Size, by the services (2021-2027) • Metal welding • Metal cutting • Metal shearing • Metal stamping • Metal rolling • Metal punching 5. North America Radio Access Network (2021-2027) 5.1. North America Radio Access Network Size, by Type (2021-2027) • Steel • Aluminum • Others 5.2. Global Radio Access Network Size, by application (2021-2027) • Job shops • automotive • Aerospace & defense • Mechanical applications 5.3. Global Radio Access Network Size, by services (2021-2027) • Metal welding • Metal cutting • Metal shearing • Metal stamping • Metal rolling • Metal punching 5.4. North America Gas Turbine, by Country (2021-2027) • United States • Canada • Mexico 6. European Radio Access Network (2021-2027) 6.1. European Gas Turbine, by type (2021-2027) 6.2. European Gas Turbine, by application (2021-2027) 6.3. European Gas Turbine, by technology (2021-2027) 6.4. European Gas Turbine, by Country (2021-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest of Europe 7. Asia Pacific Radio Access Network (2021-2027) 7.1. Asia Pacific Gas Turbine, by type (2021-2027) 7.2. Asia Pacific Gas Turbine, by application (2021-2027) 7.3. Asia Pacific Gas Turbine, by technology (2021-2027) 7.4. Asia Pacific Gas Turbine, by Country (2021-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest of APAC 8. The Middle East and Africa Radio Access Network (2021-2027) 8.1. The Middle East and Africa Gas Turbine, by type (2021-2027) 8.2. The Middle East and Africa Gas Turbine, by application (2021-2027) 8.3. The Middle East and Africa Gas Turbine, by technology (2021-2027) 8.4. The Middle East and Africa Gas Turbine, by Country (2021-2027) • South Africa • GCC • Egypt • Nigeria • Rest of ME&A 9. Latin America Radio Access Network (2021-2027) 9.1. Latin America Gas Turbine, by type (2021-2027) 9.2. Latin America Gas Turbine, by application (2021-2027) 9.3. Latin America Gas Turbine, by technology (2021-2027) 9.4. Latin America Gas Turbine, by Country (2021-2027) • Brazil • Argentina • Rest of Latin America 10. Company Profile: Key players 10.1. Company Name 1 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Salasar Techno Engineering Ltd 10.3. Kirby building systems 10.4. Zamil industrial investment co 10.5. Karamtara engineering pvt ltd 10.6. ISGEC heavy engineering ltd 10.7. Interplex holdings 10.8. Kapco metal stamping 10.9. Watson engineering 10.10. Komaspec 10.11. Aleris corporation 10.12. Mazak corporation 10.13. PA international 10.14. IRON and WIRE Works 10.15. Mayville engineering company

About This Report

Report ID 13591
Category Material & Chemical
Published Date sep 2019
Updated Date May 2022
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