Global Sheet Metal Fabrication Services Strategic Business Report 2023: Smart Factory Solutions to Help Sheet Metal Fabrication Companies Overcome Pandemic-Triggered Challenges
Global Market for Sheet Metal Fabrication Services
Dublin, March 08, 2023 (GLOBE NEWSWIRE) -- The "Sheet Metal Fabrication Services: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Sheet Metal Fabrication Services Market to Reach $19.6 Billion by 2030
The global market for Sheet Metal Fabrication Services estimated at US$15.3 Billion in the year 2022, is projected to reach a revised size of US$19.6 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2022-2030.
Steel, one of the segments analyzed in the report, is projected to record a 3.5% CAGR and reach US$8.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Aluminum segment is readjusted to a revised 2.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.7 Billion, While China is Forecast to Grow at 4% CAGR
The Sheet Metal Fabrication Services market in the U.S. is estimated at US$2.7 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.1 Billion by the year 2030 trailing a CAGR of 4% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.1 Billion by the year 2030.
Looking Ahead to 2023
The global economy is at a critical crossroads with a number of interlocking challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.
Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. Year 2023 is expected to be tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
What`s New for 2023?
Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year
No. of Pages
2022 - 2030
Estimated Market Value (USD) in 2022
Forecasted Market Value (USD) by 2030
Compound Annual Growth Rate
Key Topics Covered:
Impact of COVID-19 Pandemic and Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
Manufacturing Activity Dynamics to Impact Market Growth
Pandemic Significantly Disrupts the Metalworking Industry
Significant Impact on the Metal Fabrication Supply Chain
Focus on Automation and Additive Manufacturing Increases in Metal Fabrication Industry
Fabricators Scale up Operations and Increase Investments to Tap Post-Covid Opportunities
An Introduction to Sheet Metal Fabrication Services
Standard Sizes of Sheet Metal
Cold-Rolled vs Hot-Rolled Sheet metal
Sheet Metal Fabrication Processes-An Overview
Global Market Prospects & Outlook
Bend Sheet: The Leading Segment by Form
Steel Represents the Most Widely Used Material for Sheet Metal Fabrication
Automotive and Industrial Machinery: The Major End-Use Segments
Recent Market Activity
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
MARKET TRENDS & DRIVERS
Demand for Fabricated Metal Parts from Varied End-Use Sectors Sets the Growth Trend in Sheet Metal Fabrication Services Market
Automation of Sheet Metal Fabrication Services Transforms Industry Operations
Industry 4.0: The Future of Sheet Metal Fabrication Services
Major Industry 4.0 Technologies
Smart Factory Solutions to Help Sheet Metal Fabrication Companies Overcome Pandemic-Triggered Challenges
Demand for Automobiles & Increase in Automaking Operations to Drive Market Gains
Car Production YoY % Growth in 2020 Across Major Regional Markets
Shift towards Electric Vehicles: Tremendous Growth in Store
Global EV Sales (In Million Units) by Region for the Years 2019, 2025 & 2030
Role of Sheet Metal Fabrication in Refurbishing Old Automobiles
Industrial Machinery & Equipment Industry to Boost Market Outlook
COVID-19 Outbreak Induces Weakness into Manufacturing & Machinery End-Use Industry
Construction Industry Dynamics to Influence Market Prospects
Rise in Demand for Electronics Devices & Components from Residential & Industrial Sectors to Fuel Market Growth
Sheet Metal Fabrication in Telecommunication Sector
Aerospace & Defense Industry Presents Long-term Opportunities for Sheet Metal Fabrication Services
Trends Impacting the Aerospace Sheet Metal Fabrication
COVID-19 Outbreaks Dents Prospects in Aviation Industry
Increased Aerospace Manufacturing Will Spur Parallel Increase in Demand for Metal Fabrication Services Chemicals: Global Fleet of Commercial Aircraft in 2036 by Region (in Units)
As an Essential Aspect of Medical Device Innovation, Sheet Metal Fabrication to Transform Medical Sector
Trends Poised to Spearhead Growth in the Sheet Metal Fabrication Services Industry
Rising Significance of Additive Manufacturing for Manufacturing Industry Spurs Growth Opportunities
Advanced Technologies Transform Sheet Metal Fabrication Services
3D CAD Improves Design Quality: Becomes Vital for Metal Fabrication Industry
Laser Technology Aids Automation Trend in Sheet Metal Fabrication
Use of Laser Machines and Communications Systems on the Rise
Nearshoring Emerges as a Notable Trend in Sheet Metal Fabrication Market
Increasing Adoption of Cobots in Metal Fabrication Process to Benefit Market Growth
Issues Confronting Custom Sheet Metal Fabrication
FOCUS ON SELECT PLAYERS (Total 153 Featured)
All Metals Fabricating, Inc
BTD Manufacturing, Inc.
Classic Sheet Metal, Inc.
Dynamic Aerospace and Defense Group (Hydram Engineering)
Kapco Metal Stamping
Marlin Steel Wire Products LLC
Mayville Engineering Company, Inc.
Moreng Metal Products, Inc.
Noble Industries, Inc.
O'Neal Manufacturing Services.
Osh Cut LLC
Ryerson Holding Corporation
Standard Iron & Wire Works, Inc.
The Metalworking Group
For more information about this report visit https://www.researchandmarkets.com/r/7qbaot
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900