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Sheet Metal Fabrication Services Market Trends

  • Report ID: GMI8380
  • Published Date: Mar 2024
  • Report Format: PDF

Sheet Metal Fabrication Services Market Trends

There is a growing emphasis on sustainable practices in sheet metal fabrication. Companies are adopting eco-friendly materials, energy-efficient processes, and waste reduction strategies to align with environmental regulations and meet customer demands for sustainable products. In the construction sector, the adoption of building information modeling (BIM) is impacting sheet metal fabrication. BIM facilitates collaboration among stakeholders, including fabricators, architects, and contractors, leading to more accurate designs and efficient project execution. On-demand manufacturing, driven by the need for quick turnaround times and low inventory costs, is influencing the sheet metal fabrication landscape. Companies are leveraging digital platforms to connect with clients and provide rapid prototyping and production services. Collaborative robots, or cobots, are being integrated into sheet metal fabrication processes to work alongside human operators. Cobots enhance safety, increase efficiency, and allow for more flexible and adaptive manufacturing workflows. The use of e-commerce platforms for procuring sheet metal fabrication services is increasing. Online platforms provide a transparent and efficient way for customers to submit orders, receive quotes, and manage projects, streamlining the procurement process.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for sheet metal fabrication services was valued at USD 10 billion in 2023 and is anticipated to register a CAGR of over 4.2% between 2024 and 2032, driven by global construction activities globally.

The steel segment held 50% of the sheet metal fabrication services market share in 2023 and is anticipated to grow by 2032, favored by the cost-effectiveness, especially in comparison to certain high-performance alloys.

North America held 19% of the sheet metal fabrication services market share in 2023, favored by innovation, demand for lightweight materials, and production of electric vehicles.

Amada America, Inc., BTD Manufacturing, Dalsin Industries, FABRICATORS & MANUFACTURERS ASSOCIATION, INTERNATIONAL, Hogge Precision Parts Co., Inc., Jaco Products, Jorgenson Metal Rolling & Forming, Inc., Mayville Engineering Company, Inc. (MEC), Miller Metal Fabrication, O'Neal Manufacturing Services (OMS), Prototek Sheetmetal Fabrication, R&D Manufacturing Inc., Ryerson, The Metalworking Group (TMWG) and Wisconsin Metal Parts, Inc

Sheet Metal Fabrication Services Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 250
  • Countries covered: 21
  • Pages: 387
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