The report below gives a good overview of the Fall 2023 M&A activity in the Metal Fabrication Industry Sector. The global metal fabrication service market is expected to gain momentum with the increased adoption of automation, machine learning, and robotics, as well as the rising demand from the automotive, aerospace, and defense industries. The industry's cost-effective technical solutions and reduced labor costs are also expected to drive the market. The Asia-Pacific additive manufacturing in the aerospace & defense market is anticipated to generate $3.5 billion in revenue by 2032 with a 23.19% CAGR from 2023 and 2032 as per Inkwood Research. The growth in aviation due to increased travel, coupled with investments in in-house aircraft component manufacturing using additive technology, anticipates positive market growth in the forecast period.
Posted by Jim Zipursky.