Role Of Metalworking In Construction And Automobile Sectors: A Key Catalyst Accelerating Metal Working Market Growth in 2025

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Metal Working Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the metal working market has seen a consistent increase in the past few years. The market, which is projected to surge from $11.36 billion in 2024 to $11.78 billion in 2025, is expected to experience a compound annual growth rate (CAGR) of 3.6%. This growth during the historic period is largely due to factors such as advancements in materials, automation and integration of CNC, global expansion of the market, increasing demand for specialized components and changing manufacturing practices.

Metal Working Market Size Forecast: What's the Projected Valuation by 2029?
The market size of metal working is projected to undergo consistent expansion in the coming years, eventually reaching a value of "$14.26 billion in 2029. This represents a compound annual growth rate (CAGR) of 4.9%. This projected growth for the forecast period is linked to the increased use of additive manufacturing, expansion to global markets, emphasis on sustainable operations, advancements in intelligent manufacturing, and surge in customization demand. Notable trends expected during this forecast period include the integration of industry 4.0, development of advanced materials, implementation of additive manufacturing, focus on sustainability and environmental-friendly practices, as well as precision machining and CNC technologies.

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What Are the Drivers Transforming the Metal Working Market?
The expansion of manufacturing sectors is poised to drive the metalworking market's growth in the future. These sectors involve the creation of goods via manual work or machinery, including the management of industrial equipment installation and repair, and outsourcing tasks to external parties. The metalworking industry is critical as it gives the necessary machines and materials for economical operations, offering substantial applications in construction and automotive-related metalworking. For example, data from the US Bureau of Labor Statistics, a federal bureau in the United States, noted an increase in the number of establishments in private industry engaged in fabricated metal product manufacturing. The figures rose from 59265 establishments in the fourth quarter of 2021 to 60032 establishments in the third quarter of 2022. As such, the burgeoning development of manufacturing sectors is fueling the advancement of metalworking.

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What Long-Term Trends Will Define the Future of the Metal Working Market?
Advanced facility expansion is a strategic trend in the metalworking market. In November 2022, US-based Kennametal Limited inaugurated a new insert manufacturing facility for metal cutting. This facility integrates smart manufacturing systems to enhance quality and meet the increasing demand from the Asia-Pacific region.

Which Segments in the Metal Working Market Offer the Most Profit Potential?
The metal working market covered in this report is segmented -

1) By Type: Cutting, Forming, Welding, Stamping, Punching, Rolling, Other Types
2) By Segment: Structural Steel Fabrication, Architectural Aluminum Fabrication, Architectural Steel Fabrication, Pre-Fabricated Buildings, Pre-Engineered Buildings, Other Segments
3) By Application: Oil And Gas, Mining, Energy And Utilities, Water, Industrial And Logistics, Building Construction, Other Applications

Subsegments:
1) By Cutting: Laser Cutting, Plasma Cutting, Waterjet Cutting, Flame Cutting
2) By Forming: Forging, Extrusion, Bending, Drawing
3) By Welding: MIG Welding, TIG Welding, Arc Welding, Spot Welding
4) By Stamping: Progressive Die Stamping, Transfer Die Stamping, Four-Slide Stamping
5) By Punching: CNC Punching, Turret Punching, Mechanical Punching
6) By Rolling: Hot Rolling, Cold Rolling, Thread Rolling
7) By Other Types: Drilling, Grinding, Machining

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Which Firms Dominate the Metal Working Market by Market Share and Revenue in 2025?
Major companies operating in the metal working market include Atlas Copco Group, BTD Manufacturing Inc., Colfax Corporation, DMG Mori Co Ltd., HMT Limited, Robert Bosch GmbH, Komaspect Pte Ltd., Standard Iron & Wire Works Inc., Sandvik AB, Trumpf GmbH + Co KG, Matcor Matsu Group Inc., AMADA Group, Qatar National Aluminum Panel Co, Gulf Steel & Engineering, CLIC Qatar Trading Company WLL, Valmont Industries Inc., Mayville Engineering Company Inc., PMF Industries Inc., Monti Inc., Nucor Corporation, Freeport-McMoRan Inc., United States Steel Corporation, Alcoa Corporation, Steel Dynamics Inc., Reliance Steel & Aluminum Co, O'Neal Manufacturing Services, Ironform Corporation, United Steel Inc., Tenere Inc., Robinson Metal Inc., Morton Industries LLC, Metalcraft of Mayville Inc., The Timken Company, The Bradbury Co Inc.

Which Regions Offer the Highest Growth Potential in the Metal Working Market?
Asia-Pacific was the largest region in the metal working market in 2024. The regions covered in the metal working market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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