How big is the sheet metal fabrication industry?
Views: 276 Update date: Apr 19,2023
Sheet metal fabrication is the process of cutting, bending, and shaping metal sheets to create a variety of products, from household appliances to industrial machinery. This industry is critical in the manufacturing sector as it provides custom metal parts for a wide range of applications.Size of the Sheet Metal Fabrication Industry
The global sheet metal fabrication market size was valued at USD 276.8 billion in 2020 and is expected to reach USD 380.5 billion by 2028, growing at a CAGR of 4.2% from 2021 to 2028, according to a report by Grand View Research. The growth of this industry is driven by various factors, including increased demand for metal fabricated products in the construction, automotive, and aerospace industries. The sheet metal fabrication industry is highly fragmented, with a large number of small to medium-sized companies operating globally.
The sheet metal fabrication industry plays a critical role in the manufacturing sector by providing custom metal parts for a wide range of applications. Sheet metal fabricators work with a variety of materials, including aluminum, steel, copper, and brass, to produce parts that meet precise specifications.
One of the significant advantages of sheet metal fabrication is its versatility. The process can be used to create a wide range of products, including automotive parts, kitchen appliances, electrical enclosures, and HVAC systems. Sheet metal fabrication is also used in the construction industry to create structural components such as beams, columns, and brackets.
Sheet metal fabrication is a crucial component of many industries, including aerospace, automotive, construction, and electronics. The aerospace industry relies heavily on sheet metal fabrication to produce critical components such as aircraft wings and fuselages. Similarly, the automotive industry uses sheet metal fabrication to create various parts, including engine components, body panels, and exhaust systems.
