The report below gives a good overview of the Fall 2022 M&A activity in the Metal Fabrication Industry Sector. The global metal fabrication industry is expected to reach $23.0 billion by 2030, as per report published by Reports and Data. The revenue for this industry is expected to grow at a CAGR of 3.2% during the period 2022-30. The rapid adoption of advanced metal fabrication technologies and the increasing infrastructure demand are anticipated to fuel the industry's growth in the coming years. However, lack of skilled labor and supply chain constraints are expected to hamper the growth of the Metal Fabrication market. For example, in the United States, a large portion of the workforce from the Metal Fabrication industry is nearing retirement, which may result in a severe skilled labor shortage. Furthermore, the Russia-Ukraine conflict has disrupted supply chains, prompting the companies in this industry to reconsider and reorganize the supply chain network. Hence, companies are refocusing their efforts to build a new supply chain network that will be reliable and better adaptable to emerging geo-political tensions. Nevertheless, the rapid adoption of new technologies and increased infrastructure spending by the public and private sector are expected to be the primary growth drivers in the industry. The adoption of automated fabrication technologies is expected to overcome the labor shortage issue and improve overall operational efficiency.
Posted by Jim Zipursky.