Metal Fabrication Industry Set for 3.4% CAGR Through 2030 with APAC Leading the Charge

(MENAFN- P&S Intelligence) According to the latest market research study published by P&S Intelligence, the global metal fabrication market is poised for steady growth, with projected revenues reaching USD 27.4 billion by 2030, up from USD 22.4 billion in 2024. This expansion, at a CAGR of 3.4% during 2024–2030, is driven by the integration of automated fabrication processes and the rapid pace of infrastructure development activities.

Metal fabrication involves processes such as casting, cutting, forging, welding, and machining to create durable and cost-effective structures. The final products are utilized in various ways depending on the specific metal, process used, and their structure. The most-common applications for them are bolts, screws, cutlery, and pipes & fittings.

Key Insights

• The market is segmented by metal type into aluminum, steel, copper, and magnesium, with each offering unique advantages for specific applications.
• Service types in the market include cutting, casting, forging, machining, and welding, catering to diverse industrial requirements.
• End users of metal fabrication services encompass aerospace, automotive, construction, electronics, manufacturing, and power & utilities sectors, reflecting the market's broad applicability.
• Asia-Pacific stands as both the largest and fastest-growing region in the metal fabrication market, driven by rapid industrialization and infrastructure development.
• The adoption of automated fabrication procedures is simplifying processes, enhancing precision, and reducing labor costs, thereby boosting market growth.
• Automation in fabrication processes brings sophistication to the value chain, utilizing technologies like AI and IoT to design solutions that work closely with human laborers, resulting in higher consistency and reduced worker fatigue.
• The market is characterized as fragmented, indicating the presence of numerous players contributing to its dynamic nature.
• The integration of digital technologies and platforms in automation aids in optimizing workflow, maintaining quality standards, and ensuring worker safety.
• The use of automation allows for the handling of both large and small parts conveniently, making it a cost-effective solution for various fabrication needs.
• The final products of metal fabrication are known for their strength, durability, and resistance to high temperatures, making them suitable for a wide range of applications.

MENAFN03062025005304011875ID1109630341