Metal Fabrication Service Market Size, Share & Industry Analysis, By Service Type (Punching, Stamping, Forming, Welding, Cutting, Polishing, Others), By Material (Steel, Aluminum, Other), By End-User Industry (Oil and Gas, Construction, Aerospace, Marine, Automotive, Military, Others) and Regional Forecast, 2023-2030

Industrial activity is an integral part of society and nations. Industrial activity is the economic lifeline of the world. Serval industrial activities are interrelated and dependant on each other. Metal Fabrication services are one of the backbones of industrial operations. 

Metal fabrication is a broad term which includes several processes. It refers to any process that cuts, shapes or molds metal into final product. Some of the most popular metal types available for metal fabrication include aluminum, titanium, brass, copper, gold, iron, nickel, silver, magnesium, iron tin, titanium, and various grades of steel. Raw metals used for metal fabrication are sheet metal, metal rods, metal bars, and metal billets.

Metal fabrication services are employed by contractors, other equipment manufacturers, and value-added resellers. Several manufacturing units have in-house fabrication workshops to cater to their own needs. Metal fabrication includes machines like hydraulic presses, rolling machine, cutting apparatus, etc. Various types of welding machines are available in the fabrication workshops.

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On the basis of service types, the metal fabrication service market can be segmented into Metal Punching, Metal Stamping, Metal Forming, Metal Welding, Metal Cutting, Metal Polishing, and other services. Based on material, the metal fabrication service market is segmented as steel, aluminum, and other metals. On the basis of end-user industry, the metal fabrication service market can be segmented into Oil and Gas, Construction, Aerospace, Marine, Automotive, Military, etc.  

The major market driver for the global metal fabrication service market is the shift towards automated fabrication. The automation of fabrication services has resulted in lower prices. The automation has also increased the efficiency of the fabrication process. The automation has resulted in fewer accidents during fabrication process.

The key market restraint for the global metal fabrication service market is the rise of alternate technologies. The additive technology has been gaining traction, and several large corporations are investing in it to develop commercial capability.

Key Players Covered

Some of the major companies that are present in the metal fabrication service market are Helander Metal, Schaumburg Specialties LLC, Metal-Fab Service Industries, Inc., Gothaer Fahrzeugtechnik GmbH, Ark Alloy, LLC, GG Fabrication Inc., American Metal Fab, Inc., AAP Metal Fabrication Services, Protolabs, P.G.L. Industries, Inc., and Miro Manufacturing Inc.

Segmentation

Regional Analysis:

The global metal fabrication services market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific is the dominant player in the fabrication service market. Fuelled by rising industrial activity in India, Japan, China, Vietnam, Bangladesh, etc. the metal fabrication services are bound to rise in Asia-Pacific. Government schemes like ‘Make in India” and “Made in China 2025’ are promoting industrial activities. Several industries in North America and Europe are adopting automation of metal fabrication services. Low cost of automated metal fabricated services is driving the market upwards in theses two regions. Rapid infrastructure development in Middle-east and Africa region is expected to provide boost for the metal fabrication industry.          

Key Industry Developments

• In August 2019, Appolo Heating, Inc. and J&J Sheet Metal Works, LLC are two subsidiaries of Moro Corporation. From August 2019, J&J is going to add fabrication, installation, and BIM modeling services to augment Appolo Heating. They will provide an integrated service and product.


• In July 2019, Smucker Laser has added a new Press Brake in order to add Metal Bending Service in the current Metal Fabrication and Laser Cutting Services. The Safan Darley E-Brake 200-4100 Ultra NS 6-axis was added for complex bending capabilities.


• In July 2019, CORE Industrial Partners which is a Chicago based private equity firm, has acquired Cal-X Inc., a provider of precision machining and sheet metal fabrication rapid prototyping services. Cal-X offers rapid prototyping and short-run production services through its in-house capabilities.