888-776-0942 from 8 AM - 10 PM ET
NEW YORK , Nov. 17, 2022 /PRNewswire/ -- The sheet metal fabrication services market size is estimated to grow by USD 3.52 billion from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 3.47% during the forecast period, according to Technavio. The year-over-year growth rate of the market in 2022 is 3.12%. Get a comprehensive report summary that describes the market size and forecast along with research methodology. The FREE sample report is available in PDF format Sheet Metal Parts
The increasing demand for fabricated metal parts in major end-user industries is driving market growth. The automotive industry needs different types of sheet metal fabricated parts such as enclosures, brackets, and flange plate assembly as well as complex specialty parts. In APAC, the growth of the sheet metal fabrication services market is high owing to the growth in automotive sales. The governments of India and China are focusing on reducing air pollution and dependency on foreign oil imports as well as driving investments in the electric vehicle manufacturing sector. The aerospace and defense sector is also a key end-user of sheet metal products. A rise in global defense spending will increase the demand for sheet metal fabricated products.
The advent of additive manufacturing is a key trend in the market. 3D printing helps in producing complex designs and optimizing the use of the material to minimize wastage. Dies and tools can be quickly printed from a fiber-reinforced polymer. Hence, 3D printing helps reduce costs and the overall lead time. 3D printing can also be used to manufacture cost-effective parts that are priced lower than those manufactured traditionally, which offsets the high initial cost. Such factors will support the sheet metal fabrication services market growth during the forecast period.
Technavio has identified key trends, drivers, and challenges in the market, which will help vendors improve their strategies to stay ahead of their competitors. Buy Now for detailed information on market dynamics
The sheet metal fabrication services market report includes information on the product launches, sustainability, and prospects of leading vendors including All Metals Fabricating Inc., BTD Manufacturing, Classic Sheet Metal Inc., Cupples J and J Co. Inc., Diehl Stiftung and Co.KG, Dynamic Aerospace and Defense Ltd., Ironform Corp., Kapco Metal Stamping, Marlin Steel Wire Products LLC, Mayville Engineering Co. Inc., Metal Fab Services Inc., Metal Working Group, Metcam Inc., Moreng Metal Products Inc., Noble Industries Inc., ONeal Manufacturing Services, Otter Tail Corp., Quality Sheet Metal Inc., Ryerson Holding Corp., and Standard Iron and Wire Works Inc. The key offerings of some of these vendors are listed below:
This report provides a full list of key vendors, their strategies, and the latest developments. Request a FREE PDF Sample Now
The competitive scenario provided in the sheet metal fabrication services market report evaluates, analyzes, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, product innovations, growth strategies, new product launches, growth in market share, and investments.
Get lifetime access to our Technavio Insights! Subscribe to our Basic Plan billed annually at USD 5000
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
Metal Sawing Machine Market by End-user and Geography - Forecast and Analysis 2022-2026: The metal sawing machine market share is expected to increase by USD 770.42 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.29%. This report extensively covers market segmentation by end-user (automotive, general machinery, aerospace and defense, marine, and others) and geography (APAC, Europe , North America , Middle East and Africa , and South America ).
Metal Forming Machine Tools Market by End-user and Geography - Forecast and Analysis 2022-2026: The metal forming machine tools market share is expected to increase by USD 4.89 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.77%. This report extensively covers segmentation by end-user (automotive, industrial machinery, transportation, precision engineering, and others) and geography (APAC, Europe , North America , South America , and Middle East and Africa ).
Sheet Metal Fabrication Services Market Scope
Accelerate at a CAGR of 3.47%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, Japan, South Korea, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
All Metals Fabricating Inc., BTD Manufacturing, Classic Sheet Metal Inc., Cupples J and J Co. Inc., Diehl Stiftung and Co.KG, Dynamic Aerospace and Defense Ltd., Ironform Corp., Kapco Metal Stamping, Marlin Steel Wire Products LLC, Mayville Engineering Co. Inc., Metal Fab Services Inc., Metal Working Group, Metcam Inc., Moreng Metal Products Inc., Noble Industries Inc., ONeal Manufacturing Services, Otter Tail Corp., Quality Sheet Metal Inc., Ryerson Holding Corp., and Standard Iron and Wire Works Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Industrials Market Reports
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
More news releases in similar topics
Metal Fabrication Services Cision Distribution 888-776-0942 from 8 AM - 9 PM ET