Press release
Metal Fabrication Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
Metal Fabrication Market
The metal fabrication market is expected to grow strongly, from $21.7 billion in 2024 to $22.92 billion in 2025, at a CAGR of 5.6%. The growth is supported by requirements from agricultural machinery manufacturing, the renewable energy sector, urbanization, the marine and shipbuilding sectors, and the demand for metal furniture and fixtures.
Metal Fabrication Market: Expected to grow to $27.06 billion by 2029 at a CAGR of 4.2%. Growth is fueled by automotive industry demand, metal signage, and infrastructure replacement needs. Trends include IoT integration in fabrication processes, technological innovations in metal alloys, and the expansion of manufacturing industries.
What Are the Primary Growth Drivers for the Metal Fabrication Market?
The increasing construction industry is expected to stimulate the growth of the metal fabrication market. Metal fabrication involves the creation of metal structures and components used in construction, offering versatility and customization for various projects. For example, in November 2023, the UK's Office for National Statistics reported a £18,161 million increase in new construction activities, with private sector projects growing by 16.8%. Thus, the expanding construction sector is contributing to the growth of the metal fabrication market.
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Who Are the Dominant Companies Influencing Metal Fabrication Market Trends?
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 Is the Metal Fabrication Market Evolving?
The metal fabrication industry is advancing with technologies such as digital sheet metal forming, allowing for the direct shaping of metal without traditional stamping presses or custom molds. For example, in September 2022, Desktop Metal introduced Figur G15, a digital sheet metal forming technology that uses software-driven ceramic toolheads to form sheet metal on demand. This solution offers flexibility, cost-effectiveness, and agility in metal shaping, catering to the industry's evolving needs.
What Are the Different Segmentations in 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 Region Is at the Forefront of the Metal Fabrication Market?
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 Is Covered In The Metal Fabrication Global Market Report?
- Market Size Analysis: Analyze the Metal Fabrication Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Metal Fabrication Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Metal Fabrication Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Metal Fabrication Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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