The report below gives a good overview of the Fall 2024 M&A activity in the Metal Fabrication Industry Sector. The metal fabrication industry is experiencing robust growth, with the market size anticipated to reach $25.99 billion by 2028, with a projected CAGR of 4.6% during the forecast period. Specific industries such as renewable energy, shipbuilding, and agricultural machinery contribute significantly to market growth. The automotive sector, in particular, is witnessing a surge in demand for fabricated metal parts due to the ongoing transition towards electric vehicles. The construction industry is pivotal in driving the metal fabrication market forward. Metal fabrication is essential for structural integrity and aesthetic appeal with activities ranging from planning and design to developing and maintaining physical structures. According to Oxford Economics, global construction output is projected to grow substantially to approximately $15.2 trillion by 2030. Various applications in the sector are illustrated, with interior applications holding a market share of 32.5% due to the construction demand for interior components, while exterior applications accounted for 27.8% primarily from the automotive and aerospace industries. Moreover, applications related to powertrain, chassis, and safety constituted about 40% of the market share, exhibiting steady growth driven by rising production and safety standards in vehicles. North America led the market in 2023 with a 35% revenue share, attributed to robust manufacturing and infrastructure investments.
Posted by Jim Zipursky.