Metal Fabrication Services Market: How to Leverage on Technology During Covid19 Crisis? Fortune Business Insights

(MENAFN- The Express Wire) Metal Fabrication Services Market: How to Leverage on Technology During Covid19 Crisis? Fortune Business Insights

Posted on Oct 23 2020 5:42 AM

"Metal Fabrication Service Market Size, Share & Industry Analysis, By Service Type (Punching, Stamping, Forming, Welding, Cutting, Polishing, Others), By Material (Steel, Aluminum, Other), By End-User Industry (Oil and Gas, Construction, Aerospace, Marine, Automotive, Military, Others) and Regional Forecast, 2026 "

The rising awareness about green energy sources across the world is transforming the energy and power industry. The trend of green energy is emerging on account of increasing environmental pollution from traditional energy resources. Governments are playing a significant role on conducting awareness programs about clean energy. Fortune Business Insights in a report, titled " Metal Fabrication Service " Market Size, Share & Industry Analysis, By Service Type (Punching, Stamping, Forming, Welding, Cutting, Polishing, Others), By Material (Steel, Aluminum, Other), By End-User Industry (Oil and Gas, Construction, Aerospace, Marine, Automotive, Military, Others) and Regional Forecast, 2026 published the above information.

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Metal fabrication is one of the integral part of industrial operations. It involves several processes that are used to cut, shape, or mold metal structures into final product. Aluminum, brass, copper, gold, and iron, are some of the examples of metal types involved in metal fabrication. The report offers detailed analysis and research during the forecast period (2020-2026) using research methodologies such as  PESTEL analysis and SWOT analysis. Furthermore, the report characterizes the market based on several growth parameters such as the drivers or trends, challenges. It further enlists the key competitors present in competitive landscape and the strategies adopted by them that include  mergers and acquisitions, new product launches, collaborations, and other strategies to gain market presence.

Top Players Overview:

• Helander Metal
• Schaumburg Specialties LLC
• Metal-Fab Service Industries Inc.
• Gothaer Fahrzeugtechnik GmbH
• Ark Alloy LLC
• GG Fabrication Inc.
• American Metal Fab Inc.
• AAP Metal Fabrication Services
• Protolabs
• G.L. Industries Inc.
• Miro Manufacturing Inc. 

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Drivers and Restraints

Paradigm Shift to Automated Fabrication to Boost Market Growth

Presence of technological advancements is witnessed in the metal fabrication market. With an array of benefits over manual fabrication, automated fabrication is likely to propel the metal fabrication market growth in upcoming years. The benefits include lowering prices of metal fabrication services in industry operations using automated fabrication. Additionally, adopting to automated fabrication has resulted in increased efficiency in metal fabrication services around the world. Apart from this, automated fabrication results in fewer mishaps during fabrication process. Rise in alternate technologies such as the Additive technology that uses 3D designs to fabricate metals, is seen as a deterring factor in market growth to some extent.

Key Segmental Overview:

1. By Service Type

• Punching
• Stamping
• Forming
• Welding
• Cutting
• Polishing

2. By Material

• Steel
• Aluminum

3. By End-User Industry

• Oil and Gas
• Construction
• Aerospace
• Marine
• Automotive
• Military

4. By Geography

• North America (USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
•  
• Latin America (Brazil, Mexico, and Rest of Latin America)
• Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

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Key Market Driver Automation of metal fabrication services

Key Market Restraint Rise of alternate technologies

Regional Analysis

Asia-Pacific to Remain Dominant; Automation to Swell North America & Europe Market

In terms of region, the market is grouped into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. Out of these, Asia-Pacific comprising of India, Japan, China, Vietnam, and Bangladesh, is expected to remain dominant and rise further owing to increasing industrial activities. Furthermore, government initiatives like the 'Make in India and 'Make in China 2026 is expected to help the metal fabrication market positively. On the other hand, North America and Europe is likely to grow steadily backed by adopting automated metal fabrication services. Low cost of automated fabrication services will further increase  the market revenue in these regions. Moreover, rapid infrastructure growth in Middle-East and Africa would drive market growth in the forecast period.

Competitive Landscape

Core Industrial Partners Acquires Cal-X Inc. to Strengthen its Position

Several key players in the metal fabrication service market are planning to adopt strategies such as mergers and acquisitions to achieve maximum market share in the forthcoming years. In addition to this, they are planning to launch  automated fabrication services or products with an aim to increase efficiency and gain an edge in the competitive market. Below are a few key latest industrial developments:

Industrial Developments

• August 2020: Appolo Heating, Inc. and J & J Sheet Metal Works, LLC are two subsidiaries of Moro Corporation. J & J is set to add fabrication, installation, and BIM modeling services to augment Appolo Heating. They together will provide an integrated service and product, which would help strengthen their position in the market.
• July 2020: Smucker Laser has added a new Press Brake in order to add Metal Bending Service in the current Metal Fabrication and Laser Cutting Services. The Safan Darley E-Brake 200-4100 Ultra NS 6-axis was added for complex bending capabilities.

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Major Table of Content For Metal Fabrication Service Market:

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market.

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