Metal Fabrication: Core Growth Enabler in the Role Of The Construction Industry in Driving Metal Fabrication Market Growth Market, 2025

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What Will the Metal Fabrication Industry Market Size Be by 2025?
In past years, the size of the metal fabrication market has seen consistent growth. It is projected to expand from $21.7 billion in 2024 to $22.55 billion in 2025, representing a compound annual growth rate (CAGR) of 4.0%. This growth during the historic period has been primarily driven by factors such as the need for manufacturing agricultural machinery, the expansion of the renewable energy sector, rising urbanization, development in the marine and shipbuilding sectors, and an increase in demand for metal furniture and fixtures.

What's the Long-Term Growth Forecast for the Metal Fabrication Market Size Through 2029?
The expectation is for substantial stable expansion in the metal fabrication market over the next few years. The projected growth is a rise to $26.17 billion in 2029, with a compound annual growth rate (CAGR) of 3.8%. Factors contributing to the growth trajectory in the forecast period include the escalating demand from the automotive sector, the need for metal advertising and signage materials, the replacement demand due to aging infrastructure, and the demand for metal cases in the electronics field. The forecast period also anticipates major developments such as the incorporation of the internet of things (IoT) into the fabrication processes, the enlargement of manufacturing sectors, technological advancements in metal alloys, infrastructure enhancements, and growth of the construction sector.

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What Are the Key Growth Drivers Fueling the Metal Fabrication Market Expansion?
The growth of the metal fabrication market is predicted to be fueled by the expanding construction industry. The term "construction industry" encapsulates a variety of tasks, including planning, designing, constructing, renovating, and preserving physical buildings and infrastructure. The use of metal fabrication in this sector, owing to its adaptability and customization potential, provides necessary structural and aesthetic features for structures. For example, in November 2023, the UK government's Office for National Statistics reported an £18,161 million ($19.96 million) rise in new construction activities in 2022, with a 16.8% growth in private sector projects and a 13.1% increase in public sector projects. Consequently, the growing construction industry is anticipated to boost the metal fabrication market's expansion.

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What Are the Key Trends Driving Metal Fabrication Market Growth?
Leading entities in the metal fabrication industry are emphasizing on cutting-edge progression such as digital sheet metal forming technology to remain competitive and satisfy changing market needs. This innovative technology allows conventional sheet metal shaping upon request from a digital design file, eliminating the requirement for traditional stamping presses, custom tools, molds, or dies. For example, Desktop Metal, an American manufacturing firm, unveiled the Figur G15 in September 2022, introducing a fresh approach to digital sheet metal forming technology. It stands as the first commercially accessible machine tool platform to mold sheet metal on demand without the need for bespoke tooling. The Figur G15 employs a patent-pending digital sheet forming (DSF) technology, which utilizes a software-controlled ceramic toolhead on an XY gantry, enabling the formation of sheet metal with a force of up to 2,000 lbs. Thus, the Figur G15 presents a cost-efficient, adaptable, and agile solution for digital sheet metal shaping.

How Is the Metal Fabrication Market Segmented?
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 Companies Are Leading the Charge in Metal Fabrication Market Innovation?
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

Which Regions Are Leading the Global Metal Fabrication Market in Revenue?
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.

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