Global Metal Fabrication Market by Types, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global metal fabrication market is anticipated to expand at a CAGR of around 4% during the forecast period, 2020–2026. Increasing demand for metal processing and machining in the emerging economies is expected to drive the market growth.
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Metal fabrication is the process of building metallic structures and machines using raw metal materials. The process includes forming, bending, shearing, spinning, machining, burning, cutting, and welding to form a final product. The term covers a broad range of activities ranging from sheet metal fabrication for construction projects to machined parts and bespoke products for manufacturers. The metal fabrication industry has broad applications across various industries and consumer products. Standard raw materials used include plate metal, castings, welding wire, sectional metal, fittings, formed and expanded metal, and flat metal. Some of the most popular metal types available for metal fabrication include titanium, brass, aluminum, magnesium, nickel, silver, copper, and gold.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing demand for machining and efficient fabrication process is expected to boost the market growth.
- Growing requirement for programmed production practices in the element fabrication business which helps in manufacturing fabrication amenities reliable as all hazardous operations such as welding and cutting are taken out by cyborgs is fueling the market growth.
- Growing adoption of the latest technologies such as laser saws which is a computerized device makes it comfortable for fabricators to execute cut alloy castings accurately. This, in turn, is driving the growth for the market.
- Shifting trends in finance and manufacturing sectors and the adoption of automated fabrication process is expected to propel the market growth.
- Increasing demand and supply for metal fabrication across various industries such as automotive, aerospace & defense, and manufacturing is anticipated to fuel the market growth.
- Lack of availability of proficient employees and advancements in additive construction technologies has been restraining the growth market.
- Advancements made in the field of automation tools and robotics is expected to create opportunities for the manufacturers during the forecast period.
Competitive Landscape:
Key players operating in the global metal fabrication market are O’Neal Manufacturing Services, Interplex Holdings Pte. Ltd., Komaspec, LancerFab Tech Pvt. Ltd., BTD Manufacturing, Kapco Metal Stamping, Watson Engineering, Inc., Matcor-Matsu Group, STANDARD IRON & WIRE WORKS, INC., PA International, , Mayville Engineering Company, Inc., Core Industries, Aleris Corporation, Mazak Corporation, TRUMPF, DMG MORI., weMFG., R5 Metal Fabricators, Inc., N.W. Metal Fabricators, Inc.
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The Global Metal Fabrication Market has been segmented on the basis of
Types
- Metal Welding
- Metal Machining
- Metal Forming
- Metal Shearing
- Metal Cutting
- Metal Rolling
- Metal Folding
- Metal Punching
- Metal Stamping
Applications
- Job Shops
- Automotive
- Aerospace & Defense
- Mechanical Application
- Others
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Metal Fabrication Market Overview
- Global Metal Fabrication Market Analysis and Forecast by Type
- Global Metal Fabrication Market Analysis and Forecast by Application
- Global Metal Fabrication Market Analysis and Forecast by Sales Channel
- Global Metal Fabrication Market Analysis and Forecast by Region
- North America Metal Fabrication Market Analysis and Forecast
- Latin America Metal Fabrication Market Analysis and Forecast
- Europe Metal Fabrication Market Analysis and Forecast
- Asia Pacific Metal Fabrication Market Analysis and Forecast
- Middle East & Africa Metal Fabrication Market Analysis and Forecast
- Competition Landscape
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