The report below gives a good overview of the Summer 2023 M&A activity in the Metal Fabrication Industry Sector. The global metal fabrication Market, valued at $20.5 billion in 2022, is projected to grow at a CAGR of 4.7% and reach $28.3 billion by 2029, as stated by maximum market research. The market's growth is driven by the increasing demand for machining and efficient fabrication techniques, facilitated by programmed production methods in the sector. This enables the creation of reliable fabrication facilities by eliminating harmful activities. The market is expected to be boosted by the rising demand and supply for metal fabrication in various industries, including automotive, aerospace, military, and manufacturing. Currently, the Asia-Pacific region dominates the market, led by China and India, where extensive research and development activities are taking place in proximity to development and automotive firms, followed by Europe. Industrialized countries, such as Germany, France, and Italy, are expected to fuel the demand further in the near future. With the global market environment being ravaged by the COVID-19 pandemic, digitalization across industries is accelerating at a rapid rate, and therefore, the implementation of smart automation & sustainable production in the industry has become vital for maximized outputs and minimized cost.
Posted by Jim Zipursky.