Global Metal Fabrication Service Market Size, Share, Growth Analysis, By Service(Metal Welding, Metal Machining), By Material(Steel, Aluminum), By End users(Construction, Automotive)

Description

Global Metal Fabrication Service Market size was valued at USD 20.94 billion in 2022 and is poised to grow from USD 21.92 billion in 2023 to USD 31.66 billion by 2031, growing at a CAGR of 4.7% during the forecast period (2024-2031).

Metal fabrication has become integral across diverse industries including manufacturing, hardware, hand tools, and building construction, with developing nations poised to drive market growth owing to rapid urbanization and industrial expansion necessitating increased construction projects. The automotive sector's expansion also directly impacts the metal fabrication service market, as customers increasingly opt for customized and modern designs. Furthermore, the transition from sand casting to die casting is expected to significantly enhance market prospects due to die casting's superior fabrication capabilities. Additionally, the rising demand for metal processing and machining globally is set to further bolster the market, while the integration of various software and ERP technologies promises ample growth opportunities in the foreseeable future.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Metal Fabrication Service Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Metal Fabrication Service Market Segmental Analysis

On the basis of service, the global metal fabrication service market is segmented into metal welding, metal machining, metal forming, metal shearing, metal cutting, metal folding, metal rolling, metal stamping, and metal punching. On the basis of material, Metal Fabrication Service Market is segmented into steel, metals and others. On the basis of end users, Metal Fabrication Service Market is segmented into construction, automotive, aerospace, manufacturing, energy and power, electronics, and others. On the basis of region, it is segmented into North America, Middle-East, Africa, and Asia-pacific.

Drivers of the Global Metal Fabrication Service Market

Die casting is poised to drive the uptake of metal fabrication across diverse industrial endeavors due to its reduced need for machining and finishing compared to sand casting. Offering superior dimensional precision and heightened production efficiency, die casting molds molten metal in dies rather than molds. This method finds extensive application in crafting automotive components, decorative hardware, and numerous other small-scale parts.

Restraints in the Global Metal Fabrication Service Market

The initial investment for implementing cutting-edge fabrication technology is high, compounded by the need for supplementary installations such as edge-smoothing mechanisms, consequently driving up overall installation costs. Moreover, the ongoing maintenance expenses further burden businesses, potentially impeding market expansion.

Market Trends of the Global Metal Fabrication Service Market

The increasing adoption of welding robots across automotive, electrical, and electronics sectors, coupled with the integration of advanced materials such as carbon fibers into industrial operations, is poised to drive significant momentum in metal fabrication robotics moving forward.

Product Code: SQMIG15J2028

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Metal Fabrication Service Market by Service

Market Overview
Metal Welding
Metal Machining
Metal Forming
Metal Shearing
Metal Cutting
Metal Folding
Metal Rolling
Metal Stamping
and Metal Punching

Global Metal Fabrication Service Market by Material

Market Overview
Steel
Aluminum
Others

Global Metal Fabrication Service Market by End users

Market Overview
Construction
Automotive
Aerospace
Manufacturing
Energy and Power
Electronics
and Others.

Global Metal Fabrication Service Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

ThyssenKrupp AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
O'Neal Industries
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Allegheny Technologies Incorporated
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Precision Castparts Corp.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sandvik AB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Tata Steel Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ArcelorMittal S.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
United States Steel Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nippon Steel Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Valmont Industries, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
AK Steel Holding Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Allegheny Ludlum
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Outokumpu Oyj
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
POSCO
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Worthington Industries, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Voestalpine AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Carpenter Technology Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mueller Industries, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Haynes International, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Aperam S.A.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
In September 2022, Victaulic Acquired Tennessee Metal Fabricating Corporation. The Tennessee Metal Fabricating Corporation brings decades of construction fabrication experience specializing in water, wastewater and infrastructure projects throughout North America.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
In September 2022, Attard Engineering unveiled a complete range of cnc machining, welding and metal fabrication services to design and manufacture different products in Australia.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
In August 2022, Desktop Metal Introduces All-New Digital Sheet Metal Forming Technology with Figur G15. The Figur G15 uses patent-pending Digital Sheet Forming (DSF) technology in which a software-driven ceramic tool head on a gantry shapes standard sheet metal into parts with up to 2,000 lbs of force.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Metal Fabrication Service Market Size, Share, Growth Analysis, By Service(Metal Welding, Metal Machining), By Material(Steel, Aluminum), By End users(Construction, Automotive) - Industry Forecast 2024-2031