NEWS

Sheet Metal Fabrication Services Market to Reach $25.51 Billion By 2032

The global sheet metal fabrication services market is projected to grow from $18.93 billion in 2024 to $25.51 billion by 2032, at a compound annual growth rate (CAGR) of 3.8%. This growth is driven by increasing urbanization, infrastructure development, and the adoption of automated processes and advanced software tools like Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM). The market is also benefiting from the efficient use of raw materials and cost-effective production methods. The market is segmented by material type, with steel holding the largest share due to its strength, durability, and versatility. The industry is also driven by demand from various sectors, including construction, aerospace, automotive, and electronics. Regionally, North America, Europe, and Asia-Pacific are key markets, with major players like TRUMPF GmbH + Co. KG and AMADA Co., Ltd. leading the industry through innovative technologies and strategic acquisitions. Recent developments, such as the launch of advanced laser cutting and 3D printing systems, are expected to further drive market growth.