The report below gives a good overview of the Fall 2021 M&A activity in the Metal Fabrication Industry Sector. The global sheet metal fabrication services market size was valued at $15.81 billion in 2020 and is estimated to grow at a CAGR of 3.46% to reach $16.31 billion by 2021, as per research published by Research and Markets. The increasing investments in major end users of automotive, aerospace, and military industries, will propel the growth in the global sheet metal fabrication services market. The demand for sheet metal fabrication is being fueled by OEM's increasing focus on improving operational efficiency and lean production. Innovative prefabrication techniques adopted by sheet metal fabrication service providers is expected to drive future growth. Adopting cobots in metal fabrication processes could help to mitigate the growing labor shortage. It will also improve operating efficiency and product quality. Steel and aluminum are the most used metals for sheet metal manufacturing. The global steel demand in 2021 is expected to increase by 4.1%, as per report published by OECD. The industry structure, government support measures, and the balance struck by individual governments between virus containment and promoting economic activity, will play a major role in the recovery in the steel demand. Strong steel demand coupled with growth in the automotive and other sectors such as construction, equipment, and transportation, is expected to drive growth in the metal fabrication industry.
Posted by Jim Zipursky.