Global Metal Fabrication Market Size will Reach $18.28 Billion

Global Metal Fabrication Market Overview

According to Global Market Monitor, the global metal fabrication market size will reach $18.28 billion and is expected to grow to $22.85 billion by 2028. Metal fabrication refers to the process of manufacturing structures and machines from a variety of original metal materials, including assembling, forming, machining, welding, burning, and cutting to produce the finished product.

Metal Fabrication Market Trends

Metal fabrication is a value-added process involving the manufacture of structures, parts, and machines. The industry is currently highly cyclical and dynamic, and its expansion depends on various end-use sectors. End-use segmentation of the global metal fabrication market includes energy, construction, aerospace, and automotive.The usage of robotics and automation equipment is expanding in the sector. In metal production, automation is utilized to boost productivity and cut labor costs. Automated manufacturing systems in the metal fabrication sector contribute to the safety of manufacturing facilities by having robots do all crucial tasks like welding and cutting.

Metal Fabrication Market SWOT

The construction industry is the largest downstream application area with a market share of 25.86% in 2022. Investments in the construction industry are on the rise to support the growing residential and industrial needs, thus propelling infrastructure development activities across various regions, and major infrastructure projects in line related to water conservation, renewable energy, transportation, and other key aspects of the economy. Moreover, railway and highway lengths are constantly being increased, and airports are being upgraded with better facilities to ensure better and smoother connectivity. Thus, the need for various residential complexes, factories, malls, flyovers, roads, and other industrial setups will rise. To fulfill these necessary infrastructure needs, construction, and industrialization would be in full swing. Hence, the accelerating rate of infrastructure development and the rising investments for the same are likely to significantly propel the metal fabrication market growth in this decade.

S	Development of economy and technology
	Diverse distribution channel
	Excellent performance leads to large demand.
W	Fierce competition within the industry
	Low-end product competition in some developing regions
	Raw material price fluctuations
O	Increasing downstream demand
	Government policy support
	Growing opportunities in emerging markets, such as Asia Pacific
T	Unbalanced areas of technological development
	Adverse effects of trade policy