The Business Research Company Global Metal Fabrication Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, United Kingdom, July 1, 2022 /EINPresswire.com/ — According to the “Metal Manufacturing Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026” published by The Business Research Company, the manufacturer Metals market size is expected to grow from $3,023.2 billion in 2021 to $3,425 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The global metal fabrication market size is expected to reach USD 4,542.55 billion in 2026 with a CAGR of 7.3%.
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The metal fabrication market includes metal sales by entities ((organizations, sole proprietorships and partnerships) that operate iron and steel foundries, steel mills and/or ferroalloy fabrication businesses, and /or entities that undertake the production of alumina and aluminum and In processing.
Global Metal Fabrication Market Trends
Industrial robotics is gaining momentum among companies in the metalworking industry. This is mainly because industrial robotics helps companies reduce labor costs, improve workplace safety, and increase productivity and efficiency. Industrial robots have many applications in the metal industry, performing tasks such as material handling, arc welding, spot welding, cutting and press maintenance.
Segments of the global metal fabrication market
The global metal fabrication market is segmented:
By type: steel and steel mills and ferroalloy manufacturing, production and processing of non-ferrous metals, production and processing of alumina and aluminum, foundries, manufacturing of steel products
By type of metal: aluminium, beryllium, bismuth, cadmium, cerium, chromium, cobalt, others
By end user: construction, manufacturing, other
Sub-segments covered: crude steel, pig iron, ferroalloys, smelting and refining of non-ferrous metals (except aluminum), rolling, drawing, extrusion and alloying of copper, rolling, drawing and extrusion of non-ferrous metals (except copper and aluminium), secondary smelting, refining and alloying of non-ferrous metals (except copper and aluminium), manufacturing of aluminum products from purchased aluminium, secondary smelting and alloying of aluminium, alumina refining and primary aluminum production, ferrous metal smelters, non-ferrous metal smelters, manufacture of iron and steel pipes and tubes, Roll and Draw
By Geography: The global metal fabrication market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest share.
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The Global Metal Fabrication Market Report 2022 is part of a series of new reports from The Business Research Company that provide overviews of the global Metal Fabrication market, analysis of the Metal Fabrication industry and forecasts of market size and growth of metal fabrication market, global metal fabrication market share, metal fabrication worldwide. Market segments and geographies, Metal Fabricating industry trends, Metal Fabricating market players, Revenues, profiles and market shares of major Metal Fabricating market competitors. The Metal Fabrication Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
TBRC’s Global Metal Fabrication Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Main market players: Arcelor Mittal, POSCO, Nippon Steel & Sumitomo Metal, JFE and TATA Steel Group.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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The Business Research Company has published over 1,000 industry reports covering over 2,500 market segments and 60 geographies. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. Reports are updated with detailed analysis of the impact of COVID-19 on various markets.
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