[225+ Pages Research Report] According to the recent research report; the global Fabricated Metals Market in 2019 was approximately USD 20.02 Billion. The market is expected to surge at a CAGR of 3.48% and is anticipated to surpass USD 24.57 Billion by 2026. Top market players in the market are Toyo Seikan Kaisha, Ltd., Ball Corporation, Rivers Metal Products Inc., The Timken Company, Valmont Industries Inc. and others.
/EIN News/ — New York, NY, April 19, 2021 (GLOBE NEWSWIRE) — Facts and Factors have published a new research report titled “Fabricated Metals Market by Type (Architectural & Structural Metals Products, Screws, Nuts, And Bolts, Tanks & Shipping Containers, Cutlery And Hand Tools, Boilers And Coating And Heat Treating, and Others) By End User (Machinery, Equipment, Construction, Automobile, And Others) By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026”.
“According to the research report, the global Fabricated Metals Market was estimated at USD 20.02 Billion in 2019 and is expected to reach USD 24.57 Billion by 2026. The global Fabricated Metals Market is expected to grow at a compound annual growth rate (CAGR) of 3.48% from 2019 to 2026”.
Fabricated Metals Market: Key Market Insights Overview
Fabricated metal is a component used in the manufacturing of durable goods and transforms metal into intermediate or end items that are not computers, electronics, or metal furniture. The global fabricated metal industry consists primarily of facilities that produce metal shapes and conduct metal finishing processes, which involve surface preparation. Main manufactured metal items include, screw machine products and bolts, hand tools and hardware, cutlery, metal containers, and pipes and pipe fittings.
During the manufacturing process, many metal fabricators now use Computer-Aided Design (CAD) or Computer-Aided Manufacturing (CAM). Players can create a 3-D prototype of an object using CAD and CAM software before starting the actual metalwork.
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Key Questions Answered in this Report
1) What were the pre and post-business impacts of COVID-19 on the Fabricated Metals Market?
2) What is the market size, share of the Fabricated Metals Market?
3) Who are the top market players in Fabricated Metals Market?
4) What will be the future market of Fabricated Metals Market?
- Market Size & Forecast by Revenue | 2020−2026
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Market Segmentation – A detailed analysis by product, by types, end-user, applications, segments, and geography
- Competitive Landscape – Top key vendors and other prominent vendors
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Fabricated Metals Market: Industry Major Market Players
- The Timken Company
- Valmont Industries Inc.
- Mueller Industries, Inc.
- Illinois Tool Works Inc.
- Toyo Seikan Kaisha, Ltd.
- Ball Corporation
- Rivers Metal Products Inc.
- Flowserve Corporation
- Schaeffler Technologies AG & Co. KG
- Smith International Inc.
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Some sub-sectors of the fabricated metal products industry may be reliant, for example, engine manufacturers who make components for construction metal products or hand tool makers who use metals manufactured by heat treating companies. The cluster’s firms often buy services as inputs, such as distribution services that deliver inputs to the site.
The profitability of the metal fabrication industry is dependent on economic growth because demand is driven by the economy. Metal fabrication has grown into a strong and intense industry since the economic recovery following the last recession, and it continues to recalibrate and thrive. Attempting to sustain stable revenue levels by diversifying and trying to follow the competitive formula of previous years, rather than relying on a few major ventures to maintain a yearly profit, is one of the current changes.
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The global fabricated metal market is being driven by an increase in demand for fabricated metal products in the automotive industry, mainly due to the high demand for passenger and commercial vehicles. Furthermore, the global fabricated metal market is being fueled by steady growth in the construction industry. Governments all over the world are investing heavily in infrastructure upgrades and growth. For example, the United States government intends to spend USD 1.7 trillion over the next ten years to rebuild the country’s infrastructure. Construction projects need a steady supply of fabricated metal parts due to their high technology and material requirements.
Governments all over the world are constantly investing heavily in infrastructure research and development. Construction ventures, on the other hand, are dependent on technology and materials, necessitating a steady supply of manufactured metal parts. As a result, the demand for fabricated metal will grow. The combined industries of building/piping, manufacturing, and design drive the global demand for metal fabrication. Metal fabrication, on the other hand, is a labor-intensive method that is one of the most critical cost elements after raw materials. As a result of increasing labor costs and the scarcity of skilled labor, manufacturers are expected to operate with tighter margins, potentially reducing local and small-scale supply bases.
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Asia Pacific is projected to Dominate Global Fabricated Metals Market Growth
The global fabricated metal market can be divided into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The global fabricated metal market is projected to be dominated by the Asia Pacific. Due to low labor costs and abundant raw materials, the global fabricated metal market in the area is expected to grow rapidly during the forecast period. As a result, several multinational corporations have set up manufacturing operations in the Asia Pacific. However, such manufacturing firms depend heavily on fabricated metal goods, fueling the global fabricated metal market’s expansion. China, India, Japan, and Indonesia all play a major role in the region’s global fabricated metal industry.
In developing metal processing industries, countries such as Vietnam, Turkey, Thailand, and Brazil, among others, have shown a strong demand for fabrication machines.
Another important area in the global fabricated metal market is Europe. The presence of automakers like BMW, Volkswagen, Mercedes-Benz, and Audi in Europe is improving the region’s global fabricated metal industry. In Europe, Germany, the United Kingdom, Spain, and France are major contributors to the global fabricated metal industry. Furthermore, the United States’ increased investment in the aerospace and defense industry is opening up new prospects in the global fabricated metal market. The aerospace industry contributed USD 143 billion in export sales to the American economy in 2017.
Browse the full “Fabricated Metals Market by Type (Architectural & Structural Metals Products, Screws, Nuts, And Bolts, Tanks & Shipping Containers, Cutlery And Hand Tools, Boilers And Coating And Heat Treating, and Others) By End User (Machinery, Equipment, Construction, Automobile, And Others) By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026” report at https://www.fnfresearch.com/fabricated-metals-market.
The global fabricated metals market is segmented as follows:
- Architectural & Structural Products
- Screws, Nuts, and Bolts
- Tanks & Shipping Containers
- Cutlery and Hand Tools
- Coating and Heat Treating
By End User:
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
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