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Metal Fabrication Market Outlook by Type, Application, End-Use Industry and Region-Forecast 2021-2031

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Metal Fabrication Market Outlook by Type, Application, End-Use Industry and Region-Forecast 2021-2031

November 18
14:32 2021
Metal Fabrication Market Outlook by Type, Application, End-Use Industry and Region-Forecast 2021-2031
Metal Fabrication Market (Product: Metal Valve, Threaded Products, Machine Shops, Power Boiler & Heat Exchanger, Metal Tank, Metal Can & Container, Architectural & Structural Metal, Spring & Wire, and Others; Raw Material: Iron & Steel, Aluminum, and Others; and End-use Industry: Construction, Automotive, Manufacturing, Energy & Power, Electronics, and Others) – U.S. Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Transparency Market Research delivers key insights on the metal fabrication market in the U.S. The metal fabrication market in the U.S. is estimated to expand at a CAGR of ~2% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the metal fabrication market in the U.S.

The metal fabrication market in the U.S. is broadly affected by several factors, including expansion of the construction sector and ongoing investments in the energy & power industry in the country. Furthermore, the metal fabrication in the U.S. is gaining momentum due to technological innovation in the metal fabrication process in the country.

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U.S. Metal Fabrication Market: Dynamics

Over the past few years, the manufacturing industry has been expanding significantly in the U.S. In terms of manufacturing output, the U.S. ranks second across the globe, after China. Its manufacturing output is 2.5 times higher than that of Japan and Germany combined.  Manufacturers use a majority of industrial fabrication products in the manufacturing industry. Fabrication products are produced by adopting the metal fabrication process. Thus, the expansion of the manufacturing industry is likely to boost the demand for metal fabrication in the U.S. during the forecast period.

In terms of end-use, the metal fabrication market in the U.S. can be segmented into construction, automotive, manufacturing, energy & power, electronics, and others. The construction segment dominated the metal fabrication market in the U.S. in 2020. The construction segment is estimated to expand at a CAGR of 2.28% during the forecast period. Rise in investment in residential and non-residential buildings is estimated to drive the metal fabrication market in the U.S. during the forecast period. Furthermore, automobile is the second largest consumer of metal fabrication in the U.S. Growth of the segment in the market can be ascribed to the rise in the production of motor vehicles in the U.S.

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In terms of raw material, the aluminum segment is anticipated to expand at a rapid pace during the forecast period. The expansion of the segment in the metal fabrication market in the U.S. can be ascribed to forming quality of aluminum that makes the metal ideal for frames and structures of any size.

In terms of product, the architectural & structural metal segment constituted a major share of the metal fabrication market in the U.S. in 2020. The growth of the segment of the metal fabrication market in the country can be ascribed to the rise in the demand for structural steel products in the construction industry.

The metal fabrication market in the U.S. is expected to be expand during the forecast period. The presence of rapidly expanding end-use industries such as automotive & construction; technological advancements; and increase in the presence of major players in the country are some of the major factors that are expected to boost the metal fabrication market in the U.S. The increase in relocation of manufacturing facilities of companies from overseas to the U.S. is anticipated to drive the manufacturing sector in the country. This, in turn, is also estimated to boost the demand for metal fabrication in the U.S.

U.S. Metal Fabrication Market: Key Players

Prominent players operating in the metal fabrication market in the U.S. are Helander, O’Neal Manufacturing Services, BTD Manufacturing Inc., Kapco Metal Stamping, Ballman Metals, Schaumburg Specialties LLC, Mayville Engineering Company, Inc., Watson Engineering Inc., Miro Manufacturing, Inc., Standard Iron & Wire Works Inc., and Ironform.

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About Us

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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