Thriving Construction and Aviation Industries to Drive Growth Prospects for Sheet Metal Fabrication Services Market

The growth of the sheet metal fabrication services market across the globe can be linked to the thriving automotive industry, which is creating a heightened demand for these services. The growing disposable income of the people living in the developing nations has created a strong demand for automobiles and this is boosting the growth of the automotive industry, which in turn is favoring the growth of the sheet metal fabrication services market. The coming years will see the demand for cheap entry-level vehicles in developing nations. This will also fuel the demand for sheet metal fabrication services across these nations.  

According to Transparency Market Research (TMR), the global sheet metal fabrication services market is expected to exhibit a slow 1.4% CAGR from 2017 to 2025. In the following blog post, TMR answers three important questions regarding the global sheet metal fabrication services market. 

Q. Which metal will see the most demand in the global sheet metal fabrication services market?

Of the many metals such as steel and aluminum, it is steel that will continue to witness an overwhelming demand from market players. Steel is in high demand from the construction industry. Since the construction industry is thriving on account of rapid urbanization across developing nations, the steel segment is expected to boom. 

Aluminum on the other hand will witness demand from the aerospace and automotive sectors and account for over 40% of the total market by 2025. The light weight of aluminum is one of the key reasons why they are preferred over steel for as a material of choice in the automotive sector. Aluminum also has a high strength to weight ratio and thus, used in modern lightweight aircraft. 


Q. What are the factors mainly driving the global sheet metal fabrication services market?

The global sheet metal fabrication services market is chiefly driven by the growth of the aerospace and aviation industries in recent times, which has led to a high a demand for these services. Sheet metal fabrication services play a key role in military aircraft industry and this will boost the growth of the market. The growing need for technological advancements and sophistication in military aircrafts will also create a heightened demand for sheet metal fabrication services in the years to come. 

Q. Which regions are anticipated to be key markets for sheet metal fabrication services?

The sheet metal fabrication services market will do particularly well in Europe and North America on account of the presence of several aviation giants in these regions. North America is leading presently in this market and shall continue to hold its leading position in the years to come. The North America market for sheet metal fabrication services is anticipated to be worth US$711.1 mn by 2025 after being valued at US$635.7 mn in 2016. However, it is Asia Pacific which will witness a faster growth in the market in the period from 2017 to 2025. 

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