At what pace is the metal fabrication market growing, and what is its estimated value?
The metal fabrication market size has grown strongly in recent years. It will grow from $21.7 billion in 2024 to $22.92 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to agricultural machinery manufacturing requirements, renewable energy sector growth, increasing urbanization, growth in marine and shipbuilding sectors, demand for metal furniture and fixtures.
The metal fabrication market size is expected to see steady growth in the next few years. It will grow to $27.06 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to increasing demand from automotive industry, demand for metal signage and advertising materials, replacement demand for aging infrastructure, replacement demand for aging infrastructure, demand for metal enclosures in electronics industry. Major trends in the forecast period include integration of internet of things (IoT) in fabrication processes, expansion of manufacturing industries, technological innovation in metal alloys, infrastructure development, construction sector expansion.
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How have varous drivers impacted the growth of the metal fabrication market?
The increasing construction industry is expected to drive the growth of the metal fabrication market forward. The construction industry refers to a wide range of activities related to the planning, design, development, construction, renovation, and maintenance of physical structures and infrastructure. Metal fabrication is used in the construction industry to provide essential structural, aesthetic elements for buildings due to its versatility, and customization options. For instance, in November 2023, according to the Office for National Statistics, a UK-based government department, new construction activities saw an increase of £18,161 million ($19.96 million) in 2022, with private sector projects growing by 16.8% and public sector projects rising by 13.1%. Therefore, the increasing construction industry is expected to propel the growth of the metal fabrication market.
What are the primary segments of the metal fabrication market?
The metal fabrication market covered in this report is segmented –
1) By Type: Cutting, Machining, Welding, Bending, Other Types
2) By Material Type: Steel, Aluminum, Others Material Type
3) By End-Use Industry: Manufacturing, Power And Utilities, Construction, Oil And Gas, Other End-User Industries
Subsegments:
1) By Cutting: Laser Cutting, Plasma Cutting, Waterjet Cutting, Flame Cutting, Mechanical Cutting
2) By Machining: CNC Machining, Turning, Milling, Drilling, Grinding, Electrical Discharge Machining (EDM)
3) By Welding: Arc Welding, MIG Welding (Metal Inert Gas), TIG Welding (Tungsten Inert Gas), Resistance Welding, Laser Welding, Spot Welding, Submerged Arc Welding (SAW)
4) By Bending: Manual Bending, CNC Bending, Press Brake Bending, Roll Bending
5) By Other Types: Casting, Stamping, Forging, Extrusion, Forming, Punching, Assembly
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Which firms are leading the metal fabrication market?
Major companies operating in the metal fabrication market are Interplex Holdings Pte. Ltd., Kaman Corporation, Mayville Engineering Comp. Inc., O’Neal Manufacturing Services, BTD Manufacturing Inc., Ironform Corporation, Kapco Metal Stamping, Standard Iron & Wire Works Inc., CGI Automated Manufacturing, Hartwell Manufacturing, Matcor-Matsu Group Inc., Komaspec, Adey Steel Ltd., Richlind Metal Fabricators, Watson Engineering Inc., LancerFab Tech Pvt. Ltd., PMS Fabrications Ltd., Gray Fabrication Ltd., Mudersbach GmbH & Co. KG, Lycett Fabrications Ltd., London Steel Fabrication Ltd., M J Ellis Manufacturing, Helander Metal, Schaumburg Specialties LLC, Ark Alloy LLC
How will industry trends affect the trajectory of the metal fabrication market?
Major companies operating in the metal fabrication industry are concentrating on innovative advancements such as digital sheet metal forming technology to stay competitive and meet evolving market demands. This digital sheet metal forming technology process allows for the direct shaping of standard sheet metal on demand from a digital design file without the need for traditional stamping presses, custom tools, molds, or dies. For instance, in September 2022, Desktop Metal, a US-based manufacturing company, introduced the Figur G15, a new digital sheet metal forming technology. It is the first commercially available machine tool platform to shape sheet metal on demand without custom tooling. The Figur G15 uses patent-pending digital sheet forming (DSF) technology, which involves a software-driven ceramic toolhead on an XY gantry that forms sheet metal with up to 2,000 lbs of force. The Figur G15 are cost-effective, flexible, and agile solution for digital sheet metal forming.
Which geographic trends are shaping the metal fabrication market, and which region has the highest market share?
Asia-Pacific was the largest region in the metal fabrication market in 2024. The regions covered in the metal fabrication market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Metal Fabrication Market Report 2025 Offer?
The metal fabrication market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Metal fabrication refers to the process of transforming raw metal materials into finished products through various techniques such as cutting, shaping, bending, welding, and assembling. This can involve a wide range of metals, including steel, aluminum, copper, and others. The final products of metal fabrication can range from simple components, such as brackets or frames, to complex structures
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