The EVS Metal Blog

Metal Fabrication Market to Expand at CAGR of Over 4% Through 2026

Metal Fabrication Market 2025The global metal fabrication market was valued at around US$ 16,824.1 million in 2016 and is anticipated to expand at a CAGR of over 4% through 2026, according to a new report published by DataIntello. Expansion of the market is likely to be driven by rising demand from construction and automotive companies.

The sheet metal fabrication market in North America is expected to expand at a CAGR of over 5% during the forecast period. An increase in automation and technological upgrades are likely to propel the metal fabrication market in the region.

Other key takeaways include:

  • Shifting trends in finance and manufacturing sectors and the adoption of automated fabrication process is expected to boost the metal fab market
  • Increasing demand for machining and efficient fabrication process is expected to boost fabrication market growth
  • Lack of availability of proficient employees and advancements in additive construction technologies has been restraining the industry’s growth
  • Advancements made in the field of automation tools and robotics is expected to create opportunities for metal fabricators and manufacturers during the forecast period

 

 

 

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