The report below gives a good overview of the Winter 2023 M&A activity in the Metal Fabrication Industry Sector. The global metal fabrication industry is expected to reach $27.7 billion by the end of 2031, growing at a CAGR of 3.3%, during the period 2022-30, as per report published by Transparency Market Research. The metal fabrication industry is witnessing increased revenues due to the application of machine tool technology. With the advancement of fabrication technology and its programming capabilities, machine automation has been integrated into the metal manufacturing process. For instance, the industry's recent adoption of hand-held laser welding technology has resulted in increased welding speed, improved productivity, and accuracy. However, the metal fabrication sector continues to be impacted by labor shortage, inflation, and supply chain disruption. Furthermore, the Russia-Ukraine conflict has led to higher energy costs and volatile raw material prices. Nevertheless, the global supply chain issue has led companies to reshoring industrial activities which is expected to increase the demand in the metal fabrication industry. For example, the recent global supply chain crisis has led Apple to reshore microprocessor production in the US. The manufacturers in the US are anticipated to continue advancing towards smart factory transformations and such initiatives are expected drive the future competitiveness in the metal fabrication industry.
Posted by Jim Zipursky.