The report provides an analysis of the global sheet metal fabrication services market for the period from 2015 to 2025, wherein the period from 2017 to 2025 comprises the forecast period and 2016 is the base year.
After thoroughly studying the global sheet metal fabrication services market, it has been observed that this market is likely to grow rapidly in the years to come. A new report titled “Sheet Metal Fabrication Services Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027” suggests that the global sheet metal fabrication services market has gained a significant position in the sector of metalworking across the various regions covered in this report.
According to the analysts who have extensively examined this market, although the global sheet metal fabrication services market is estimated to grow speedily in the coming years, it is anticipated to register a CAGR of only 1.4% during the projected period of eight years, i.e. 2017-2025.
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Key Trends Observed in the Global Sheet Metal Fabrication Services Market
This research report presents some of the key trends influencing the global sheet metal fabrication services market in various geographical regions such as Europe, Asia Pacific, Middle East and Africa, North America, and Latin America.
Some of the key trends include –
- Growth of construction and telecommunication industries and the automotive sector in the developing economies such as the Middle East and Africa and Asia Pacific
- Slow market growth owing to factors such as fluctuations in the prices of raw material
- Rising adoption of prefabrication techniques, inclusion of automation in the process of fabrication and high-quality products supplied by fabrication shops
Global Sheet Metal Fabrication Services Market: Segmentation and Forecast
The market is segmented by material type, form type, end-use industries and region. Material type segment includes aluminum, steel and others.
As the aerospace sector is flourishing the aluminum segment is also likely to show good progress during the forecasted period. It is expected to grab around 40% share of the global sheet metal fabrication services market.
Steel is the significant leader in the material type segment. Punch sheet, cut sheet, and bend/angular form are the main segments by form.
It has been noticed that cut sheet and punch sheet segments together account for more than 50% share of the global sheet metal fabrication services market.
On the basis of end use industry, the sheet metal fabrication services market is divided into aerospace, automotive manufacturing, construction, electronics, food processing, telecommunication, architecture, and other sectors that include energy, medical, and power.
Global Sheet Metal Fabrication Services Market: Regional Forecast
Topographically, North America is the main contributor in the global market for sheet metal fabrication services and is probably likely to remain an important regional player in the global market during the forecasted period. Asia Pacific is additionally prone to rise as a noteworthy regional player because of the speedy industrialization in this region.
The North America sheet metal fabrication services market is estimated to reach a market value of US$ 711.1 Mn by the end of 2025. In Asia Pacific, the sheet metal fabrication services market is likely to exhibit a CAGR of 1.8% in the projected period.
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Global Sheet Metal Fabrication Services Market: Key Vendors
The report profiles some of the leading companies operating in the global sheet metal fabrication services market such as Mayville Engineering Company Inc., Hydram Sheet Metalwork, Classic Sheet Metal, Inc., Marlin Steel Wire Products LLC, Ironform Corporation, All Metals Fabricating, Noble Industries, Inc., The Metalworking Group, Metcam Inc., Standard Iron & Wire Works Inc., Moreng Meta, Inc., Mayville Engineering Company Inc., Kapco Metal Stamping, BTD Manufacturing Inc.
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