The report below gives a good overview of the Summer 2022 M&A activity in the Metal Fabrication Industry Sector. The global Metal Fabrication market was valued at $17.4 billion in 2021 and is expected to reach $23.0 billion by 2030, growing at a CAGR of 3.2% during the period 2021-30, as per research published by Reports and Data. The global metal fabrication market is expected to witness significant growth in the future because of various factors such as rapid adoption of cutting-edge metal fabrication technologies and the increasing need for heat-resistant and highly durable metal. However, factors such as skilled labor scarcity, storage, & warehouse space constraints, along with increased spare parts costs, machinery, and energy expenses, are creating challenges for the global metal fabrication industry. Prices of steel, aluminum, iron, copper, and nickel have reduced in second quarter of 2022, due to recessionary fears. Hence the metal fabrication industry is expected to experience significant volatility during 2022. However, rising demand for tube bending metal fabrication, increasing adoption of metal fabrication in construction, and customized metal fabrication demand are anticipated to drive growth in the future.
Posted by Jim Zipursky.