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 to make various machines, components, and sheet metal structures made by deforming materials.
According to the latest sheet metal fabrication services market report, the market will grow by $3.52 billion from 2021 to 2026. Moreover, the market growth rate will accelerate by 3.47% on average during the forecast period.
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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 the main market players. The main products of some of these vendors are listed below:
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Growing demand for fabricated metal parts in major end user industries is driving market growth. Sheet metal parts are used in various industries such as automotive, aerospace and defense. In addition, the government is focused on reducing air pollution and reducing dependence on oil imports from abroad, which stimulates investment in the production of electric vehicles.
The lack of skilled labor hinders the growth of the market. For example, welding is an important process in the manufacture of sheet metal. In the United States, the majority of the workforce in the welding industry is on the verge of retirement. This will lead to an acute shortage of skills. These factors will hinder the growth of the sheet metal fabrication services market during the forecast period.
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. и Standard Iron and Wire Works Inc.
Analysis of the parent market, drivers and barriers to market growth, analysis of fast-growing and slow-growing segments, the impact of COVID-19 and future consumer dynamics, and an analysis of market conditions during the forecast period.
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