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Global Sheet Metal Fabrication Services Market – Industry Analysis and Forecast (2019-2026)


Global Sheet Metal Fabrication Services Market was valued US$17.49 Bn in 2019 and is estimated to reach approximately US$XX  Bn by 2026 at a CAGR of about XX  % during a forecast.

 


Electronics, automobiles, and telecommunication are major industries majorly contributing to the sheet metal fabrication services market. Increasing demand from aerospace and aviation industries and growth in the airlines and defence aircrafts market are driving the sheet metal fabrication services market in the forecast years. Composite material as substitute to metal in automobile industry restrains the sheet metal fabrication services market.

Global sheet metal fabrication services market is segmented by form, by industry verticals and by region. Based on form sheet metal fabrication services market is segmented into bend sheet, punch sheet, cut sheet, other forms. Steel and aluminium are metal segment of sheet metal fabrication services market. Based on industry verticals, sheet metal fabrication services market is segmented into industrial machinery, construction, aerospace and defence, automotive, electronics, telecommunication, others. Geographically sheet metal fabrication services market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

Rising demand for iron and steel in the automobile industry has led to the growing significance of sheet metal fabricators. Bend sheet form segment is driving the sheet metal fabrication services market. Growth of the automotive industry, construction industry, and growth in metal and manufacturing industry are driving the demand for bend sheet in the global market. Cut sheet segment is second largest market and is expected to grow at CAGR of XX%.
 

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Healthcare, Pharmaceuticals, Electronics & Communications, Internet of
Things, Food and Beverages, Aerospace and Defense and other
manufacturing sectors.

 


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