The report below gives a good overview of the Spring 2022 M&A activity in the Metal Fabrication Industry Sector. The global Metal Fabrication market was valued at $20 billion in 2021, and is expected to reach $29 billion by 2029, growing at a CAGR of 4.7% during the period 2022-2029 as per research published by Data Bridge Market Research. It is expected that rising demand for metal processing and machinery in various developing countries worldwide is likely to boost the global metal fabrication market. Steel and aluminum are the most used metals for sheet metal fabrication, primarily due to their durability, high strength, and corrosion resistance. Steel is expected to continue making strong gains in the market, given its importance as a prominent building material in large-scale construction projects. Around 96% of organizations have predicted that their sales and revenue will increase in 2022, led by recovery and growth in the construction and commercial air travel sectors, as per research published by Aptean. New age technologies and solutions like computerization and robotics are expected to be implemented in the global metal fabrication market. The global Sheet Metal Fabrication Services market size is projected to reach $17 billion by 2026 as per research published by MarketResearch.com. The utilization of innovative prefabrication techniques adopted by sheet metal fabrication service providers are expected to drive the growth of this industry.
Posted by Jim Zipursky.