Latest News- Sheet Metal Fabrication Services Market: Automotive is expected to lead the End-user segment during 2025-2029

The Sheet Metal Fabrication Services Market is being driven by Increasing demand for fabricated metal parts in major end-user industries

The Sheet Metal Fabrication Services Market is expected to grow at a CAGR of 3.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3577.6 million. The manufacturing sector has experienced a significant shift with the advent of 3D printing technology, also referred to as additive manufacturing. This cutting-edge technology constructs three-dimensional objects from digital files, layer by layer. Traditional manufacturing methods, which are subtractive in nature, eliminate excess material, resulting in approximately 60-70% being discarded as scrap, thereby incurring additional costs for reclamation. In contrast, 3D printing optimizes material usage, minimizing wastage and reducing both capital and raw material expenses. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Automotive
  • Industrial machinery
  • Electrical and electronics
  • Aerospace and defense
  • Others
• Material
  • Steel
  • Aluminum
  • Copper/brass
  • Others
• Technology
  • Laser cutting
  • CNC punching
  • Bending/forming
  • Welding
  • Stamping
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for fabricated metal parts in major end-user industries
• Increasing adoption of automation to leverage profitability
• Shift to contract manufacturing

However, the market also witnesses some limitations, which are as follows:

• Lack of skilled workforce
• Increasing price competition due to volatile input cost
• Increasing consolidation activities in the market

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Market Scope in Sheet Metal Fabrication Services Market Research Report

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Research Analysis Overview

The metal fabrication industry offers a range of services for creating sheet metal components through various processes like metal stamping, bending, cutting, forming, and automation. Advanced manufacturing technologies such as industrial automation, digital manufacturing, additive manufacturing, and 3D printing are transforming metalworking, enabling mass production, customization, and high-volume fabrication. Fabrication solutions provide expertise and capabilities in precision engineering, metal processing, and design, utilizing advanced fabrication equipment and engineering for optimal manufacturing efficiency.

Market Research Overview

The sheet metal fabrication sector is a significant segment of the larger industrial machinery and supplies and components market. This market encompasses companies producing presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio's market analysis, the global industrial machinery and supplies and components market will experience growth due to increasing industrial production in process and discrete industries. This expansion is driven by the rising demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages in developing economies. Advanced metal fabrication techniques, such as laser cutting, waterjet cutting, and plasma cutting, are essential for producing the high-quality components required in this dynamic industrial landscape. Custom fabrication services play a crucial role in catering to the unique needs of various industries, further fueling market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/