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NEW YORK , Aug. 16, 2022 /PRNewswire/ -- Sheet metal fabrication is the process of creating metal structures by bending, welding, cutting, and assembling. It is an engineering process used in the construction of machines, components, and structures from various sheet metals made through material deformation.
The latest report on the sheet metal fabrication services market estimates that the market will register a growth of USD 3.52 bn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 3.47% during the forecast period.
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The sheet metal fabrication services market report covers the following areas:
All Metals Fabricating Inc., BTD Manufacturing, Classic Sheet Metal Inc., Cupples J and J Co. Inc., Diehl Stiftung and Co.KG, Dynamic Aerospace and Defense Ltd., Ironform Corp., Kapco Metal Stamping, Marlin Steel Wire Products LLC, Mayville Engineering Co. Inc., Metal Fab Services Inc., Metal Working Group, Metcam Inc., Moreng Metal Products Inc., Noble Industries Inc., ONeal Manufacturing Services, Otter Tail Corp., Quality Sheet Metal Inc., Ryerson Holding Corp., and Standard Iron and Wire Works Inc. are among some of the major market participants. The key offerings of a few of these vendors are listed below:
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The increasing demand for fabricated metal parts in major end-user industries is driving the growth of the market. Sheet metal fabricated parts are used in various industries such as automotive and aerospace and defense. Moreover, governments are focusing on reducing air pollution and dependency on foreign oil imports, which drives investments in the electric vehicle manufacturing sector.
The lack of skilled workforce is challenging the growth of the market. For instance, welding is a crucial process in sheet metal fabrication. In the US, a large portion of the workforce in the welding industry is on the verge of retirement. This would lead to a serious skill shortage. These factors will hinder the sheet metal fabrication services market growth during the forecast period.
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Sheet Metal Fabrication Services Market Scope
Accelerate at a CAGR of 3.47%
APAC, North America, Europe, South America, and Middle East and Africa
US, China, Japan, South Korea, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
All Metals Fabricating Inc., BTD Manufacturing, Classic Sheet Metal Inc., Cupples J and J Co. Inc., Diehl Stiftung and Co.KG, Dynamic Aerospace and Defense Ltd., Ironform Corp., Kapco Metal Stamping, Marlin Steel Wire Products LLC, Mayville Engineering Co. Inc., Metal Fab Services Inc., Metal Working Group, Metcam Inc., Moreng Metal Products Inc., Noble Industries Inc., ONeal Manufacturing Services, Otter Tail Corp., Quality Sheet Metal Inc., Ryerson Holding Corp., and Standard Iron and Wire Works Inc.
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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