Advanced Packaging Technologies Market 2026 (1)

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Global Sheet Metal Fabrication Services Market -
Snapshot The global sheet metal fabrication
services market is anticipated to expand at a
CAGR of 1.7 during the forecast period 2018 to
2026. This is due to growing demand for ready to
install fabrication products and components in
several end-use industries such as industrial
machinery, automotive, construction, and others.
Sheet metal fabrication service providers are
adopting prefabrication techniques to meet the
increased demand. This is expected to contribute
to the growth of the sheet metal fabrication
services market. Sheet metal fabrication services
are an integral part of various end-use
industries. With increased demand in the Asia
Pacific region, manufacturers are shifting their
base to this region which is boostingthe growth
of the sheet metal fabrication services market in
Asia Pacific.The market in Asia Pacific is
expected to growat a CAGR of 2.3 over the
forecast period. Get Sample Copy
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sample.php?flagSrep_id29378 Investment in
various industry verticals such as automotive,
industrial machinery, construction and
electronics, aerospace, and defense are expected
to create new opportunities for the sheet metal
fabrication services market. In terms of industry
vertical, industrial machinery segment held the
major share of US 879.9 Mn in 2017 and is
anticipated to expand at a CAGR of 2.1 during
the forecast period. The dominance of the
industrial machinery segment is attributed to the
rise in production of various industrial
machineries in North America and Asia Pacific.
Increasing demand for electronic products in
these regions for residential and industrial
industry is driving the sheet metal fabrication
services market. Manufacturing in North America
continues to evolve and hence remains a driving
force of innovation. Manufacturers in the United
States use technology to invent new machinery
products which increases the demand for sheet
metal fabrication. Asia Pacific will reinforce
its position as the worlds largest construction
market over the coming decade. Sheet metals such
as steel and aluminum are strong, durable, and
corrosion resistant and are often used in the
construction industry. Sheet metals are used to
form door frames, pipes, and staircases. Grab an
exclusive PDF Brochure of this report
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sample.php?flagBrep_id29378 The sheet metal
fabrication services market is segmented in terms
of form, material, industry verticals, and
geography. By form, the market is divided into
bend sheet, punch sheet, cut sheet, and other
forms. The bend sheet segment is expected to
expand at a high CAGR of 1.9 during the
forecast period due to its applications in
construction, telecom, electronics, and
manufacturing industries across the globe. Rise
in urbanization and increased construction
activities are driving the growth of the bend
sheet segment globally. For most applications
however, bending will produce essentially no
change in the thickness of the sheet metal. By
material, the market is classified into steel,
aluminum, and others. Steel is further segmented
into grade 301 stainless, grade 304 stainless,
grade 316 stainless, grade 410 stainless, and
others. Grade 301 stainless and grade 304
stainless dominated the market revenue share in
2017. The steel segment is expected to register
CAGR growth of 1.9 over the forecast period
dueto its high performance, availability, and
high adoption in various industries. Steel is
quickly becoming the building material of choice
for many large construction contractors. Steel
beams and columns, joists, studs, and aluminum
framing are the common applications of steel
sheets in the construction industry.
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By industry verticals, the market is segmented
into industrial machinery, construction,
aerospace defense, automotive, electronics,
telecommunication, and others (medical, energy
and power, etc.). The construction segment is
expected to expand at a CAGR of 1.6 during the
forecast period due to the growth of the sheet
metal fabrication services market in APAC and MEA
regions. Asia Pacific is becoming a major hub
for various construction activities due to rapid
urbanization in this region. Construction is a
sector where sheet metal is extensively used for
various applications such as cladding used to
cover the buildings. Anti-slip surfaces can also
be made by sheet metal fabrication. Request For
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arch.com/sample/sample.php?flagCRrep_id29378 No
rth America is anticipated to account for major
market share due to increased construction
projects and strong defense and aviation
industry. The market in Asia Pacific is projected
to witness highest CAGR of 2.3 due to increased
manufacturing and construction activities in this
region. Various industries such as construction,
automotive, industrial machinery, and electronics
are in the process of expanding their facilities
in this region. Growth of the manufacturing
industry is due to the easy availability of raw
materials and cheap labor. Moreover, Asia Pacific
is witnessing growth in the construction
industry owing to rapid rise in urbanization. The
global sheet metal fabrication services market is
highly diversified. Sheet metal fabrication
service providers are developing new products and
services by incorporating advanced technologies.
Some of the industry participants of the global
sheet metal fabrication services market are All
Metals Fabricating, Inc., BTD Manufacturing,
Inc., Classic Sheet Metal, Inc., Dynamic
Aerospace and Defense Group (Hydram
Engineering), Ironform Corporation, Kapco Metal
Stamping, Marlin Steel Wire Products LLC,
Mayville Engineering Company, Inc., Metcam, Inc.,
Moreng Metal Products, Inc., Noble Industries,
Inc., ONeal Manufacturing Services., Ryerson
Holding Corporation, Standard Iron Wire Works,
Inc., and The Metalworking Group.