Metal Fabrication Market Analysis, Demand Growth, Current Trends 2030 | Rising Demand For Tube Bending Metal Fabrication

July 02 18:08 2022
Metal Fabrication Market Analysis, Demand Growth, Current Trends 2030 |  Rising Demand For Tube Bending Metal Fabrication
Reports and Data | Metal Fabrication Market
The global metal fabrication market size was USD 17.42 Billion in 2021 and is expected to register a revenue CAGR of 3.2%

The global metal fabrication market size is expected to reach USD 22.97 Billion in 2030 and register a revenue CAGR of 3.2% during the forecast period, according to a latest report by Reports and Data. Increasing demand for customized metal fabrication and rising demand for tube bending metal fabrication among consumers are key factors expected to drive market revenue growth during the forecast period. Increasing demand for the fabrication of steel and aluminum metals for the construction of wind and hydro energy plants is expected to drive the market between 2022 and 2030. Steel and aluminum are widely used in small quantities to harness wind energy, increasing its demand. Additionally, metal fabrication in hydro energy provides power generation, thereby, increasing its demand. These factors are expected to increase the adoption of metal fabrication and boost the revenue growth of the market. Furthermore, rising demand for customized metal fabrication according to consumer requirements is another factor that is expected to propel the revenue growth of the market.

However, purchasing the metal materials could be cost-effective, the cost of custom metal tooling is expensive, which are some factors that could hamper the revenue growth of the market. Additionally, the post-metal fabrication process such as painting and deburring could be expensive and time consuming, which are some other factors that could hamper the revenue growth of the market.

Some Key Highlights in the Report

  • Mechanical applications segment is expected to register a steady revenue growth rate over the forecast period. Rising demand for metal fabrications in mechanical applications for improved strength and long durability of the metals is expected to drive the growth of the segment. Metal fabrication is an essential process during the manufacturing of mechanicals as it also helps to assemble the parts and connect the metals, which is another factor expected to propel the revenue growth of the segment.
  • Aluminum segment is expected to register a steady revenue growth rate over the forecast period. Increasing usage of aluminum material for the metal fabrication process in the automotive industry is increasing its adoption. Additionally, the rising adoption of sustainable metal fabrication and increased recycling rate of aluminum material are other factors that are expected to drive the growth of the segment in the near future.

  • The market in Europe is expected to register considerable revenue CAGR over the forecast period. Rapid growth in the automotive and electronic industry is increasing demand for metal fabrication, driving the metal fabrication market revenue growth. The robust presence of aluminum and steel manufacturers in countries in the region is expected to propel market revenue growth.
  • Companies profiled in the global market report include Kaman Corporation, O’Neal Manufacturing Service, BTD Manufacturing, Inc., Matcor-Matsu Group, Inc., Mayville Engineering Company, Inc., Defiance Metal Products, Co., Salasar Techno Engineering Limited, Kirby Building Systems, Zamil Industrial Investment, Co., and Karamtara Engineering Pvt., Ltd
  • In January 2020, Kirby Building Systems, a pioneer and global leader in pre-engineered steel building systems, won His Highness Amir’s award for outstanding factories. Kirby Building Systems won in the Large Industrial Facilities category after a rigorous selection process by a judging panel of experts in the industrial sector. Kirby Building Systems is committed to delivering the best-in-class products to various customer segments.

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For the purpose of this report, Reports and Data has segmented the global metal fabrication market based on type, application, material, and region:

  • Type Outlook (Revenue, USD Billion; 2019-2030)
    • Metal Machining
    • Metal Sheering
    • Metal Forming
    • Metal Welding
    • Metal Folding
    • Metal Cutting
    • Metal Rolling
    • Metal Punching
    • Metal Stamping
  • Application Outlook (Revenue, USD Billion; 2019-2030)
    • Automotive
    • Aerospace & Defence
    • Job Shops
    • Mechanical Application
    • Others
  • Material Outlook (Revenue, USD Billion; 2019-2030)
    • Steel
    • Aluminum
    • Others
  • Regional Outlook (Revenue, USD Billion; 2019-2030)
    • North America
      1. S.
      2. Canada
      3. Mexico
    • Europe
      1. Germany
      2. UK
      3. France
      4. Italy
      5. Spain
      6. Sweden
      7. BENELUX
      8. Rest of Europe
    • Asia Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    • Latin America
      1. Brazil
      2. Rest of LATAM
    • Middle East & Africa
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Israel
      5. Rest of MEA

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