Global Sheet Metal Fabrication Services Market 2019-2023
- Published: Jun 2019
- Pages: 124
- SKU: IRTNTR31429
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The global sheet metal fabrication services market size will grow by USD 3.04 billion during 2019-2023. This market report provides a detailed analysis of the market by end-users (automotive industry, industrial machinery industry, electrical and electronics industry, aerospace and defense industry, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Da Ming International Holdings Ltd., Mayville Engineering Co. Inc., O’Neal Industries Inc., Otter Tail Corp., and Ryerson Holding Corp.
A few of the key findings from the sheet metal fabrication services market analysis report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Global Sheet Metal Fabrication Services Market Overview
The increasing demand for fabricated metal parts from major end-user industries is one of the primary factors that will drive the growth of the market. The automotive and aerospace and defense industries are the significant end-users of fabricated sheet metal. Investments in these industries across the world will boost the growth of the market in focus over the forecast period. The current focus on lean manufacturing and enhancing operational efficiency are increasing the demand for sheet metal forming process among OEMs.
Additionally, upcoming sheet metal fabrication services market trends such as the increasing adoption of cobots in the metal fabrication process will also contribute to the growth of the market. Cobots works in collaboration with humans. The rising shortage of labor can be addressed by using cobots in the metal fabricating industry. Cobots use specialized sensors and robot controllers. They are effective in reducing safety costs. They have in-built sensors to detect the presence of humans in proximity. To improve their operational efficiency and enhance product quality, there is an increasing number of metal fabrication shops are adopting cobots. Such factors will fuel the growth of the sheet metal fabrication services market, which will register over 3% CAGR during the forecast period.
Top Sheet Metal Fabrication Services Companies Covered in this Market Research Report
The market is highly fragmented. This report provides an analysis of the competitive landscape and offers information on the products offered by various companies. This will help clients in improving their market positions. The report also provides a detailed analysis of the upcoming sheet metal fabrication services market trends and challenges and how they influence market growth. This will aid companies in creating effective strategies to leverage the upcoming market growth opportunities.
The report offers a detailed analysis of a few leading companies, including:
- Da Ming International Holdings Ltd.
- Mayville Engineering Co. Inc.
- O’Neal Industries Inc.
- Otter Tail Corp.
- Ryerson Holding Corp.
Sheet Metal Fabrication Services Market Segmentation Based on End-users
- Automotive industry
- Industrial machinery industry
- Electrical and electronics industry
- Aerospace and defense industry
- Others
During 2018, the automotive industry accounted for the largest market share. The automotive industry is the primary end-user of metal fabrication services. However, the industrial machinery industry segment is expected to be the largest end-user to the market in 2023. The rising demand for products from the oil and gas, construction, mining, and chemical and petrochemical is contributing to the expansion of manufacturing units. As a result, the demand for fabricated metal parts is increasing to engineer industrial machinery and equipment such as valves, gaskets, and electrical machinery.
Sheet Metal Fabrication Services Market Segmentation Based on Geographic Region
- APAC
- Europe
- MEA
- North America
- South America
APAC held the largest market share in 2018. The region will register the fastest growth over the forecast period and maintain its dominance in 2023. The demand for fabricated sheet metal will be significant from China, Australia, Japan, India, and South Korea in the coming years. The growing construction, automotive, and aerospace and defense industries is contributing to the growth of the market in the region. Also, government initiatives to increase investments in manufacturing industries and favorable trade policies are increasing the demand for sheet metal fabrication services in APAC.
Key Highlights of the Sheet Metal Fabrication Services Market Forecast Report for the Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the sheet metal fabrication services market during the next five years
- Precise estimation of the global sheet metal fabrication services market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the sheet metal fabrication services industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of sheet metal fabrication services companies
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY END-USER
- Market segmentation by end-user
- Comparison by end-user
- Automotive industry - Market size and forecast 2018-2023
- Industrial machinery industry - Market size and forecast 2018-2023
- Electrical and electronics industry - Market size and forecast 2018-2023
- Aerospace and defense industry - Market size and forecast 2018-2023
- Others - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Advent of additive manufacturing
- Increasing focus on nearshoring in fabrication industry
- Increasing adoption of cobots in metal fabrication process
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Da Ming International Holdings Ltd.
- Mayville Engineering Co. Inc.
- O’Neal Industries Inc.
- Otter Tail Corp.
- Ryerson Holding Corp.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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