Press Release

Metal Fabrication Market Set to Hit USD 29 Billion Mark by 2030

The Global Metal Fabrication Market size was valued at around USD22 billion in 2024 and is projected to reach USD 29 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.7% during the forecast period, i.e., 2025-30, cites Markntel Advisors in the recent research report. There have been multiple factors behind the growth of this market that includes expansion in the aerospace and automobile sectors, high infrastructural development, and faster economic growth. Further renewable energy initiatives, Water conservation projects, and transportation projects have also been contributing to the growth of the market.

For instance, governments around the world spend on various transportation undertakings, such as the current upgrading project of the largest ports in Europe that need fabricated metals to erect cranes, storage places, and dock construction. The expansion of electric vehicle charging infrastructure worldwide requires fabricated metals for charging stations and support structures. All these point toward the crucial role metal fabrication plays in building and developing transportation infrastructure around the globe.

Transportation networks and renewable energy projects create a robust demand for fabricated metal components. Metal imports have increased over the years because of growth in industry and economic development in developing countries. For instance, in the United States, the value of general and metals increased by USD 47.6 billion around 28.3% to USD 261.5 billion, from 2020 to 2021. It indicates heightened demand for metal products, among steel products and synthetic gemstones, copper, and aluminum products.

Similarly, India's steel imports have reached record levels. From 2024, imports increased by 42.25% year-on-year to 4.7 million metric tons, with China being the leading exporter. This shows the growing need for metal components in developing economies, further states the research report, “Global Metal Fabrication Market Analysis, 2025.”

Global Metal Fabrication Market Segmentation Analysis

Steel Segment Holds the Largest Market Share

Based on the metal type segment, the market is divided into Steel, Aluminum, Titanium, Copper, and Nickel. Out of these, Steel holds around 45% share of the total market. Its tensile strength and durability are high, which makes it a popular choice across industries. The automotive sector depends upon steel for crash-resistant bodies that guarantee safety and durability. In the construction industry, steel is used to construct frames, bridges, and infrastructure development. It possesses a high load-carrying capacity, which makes it fit for big structures. Steel is also used in shipbuilding and aircraft manufacturing because of its capability to deal with harsh conditions.

Furthermore, technological developments in steel production, like high-strength, low-alloy steel, have enhanced its flexibility. The need for strong and transportable materials is also contributing to higher steel consumption. Its strength, cost-effectiveness, and versatility are making it the first choice in industries. All this consolidates its top spot in the industry.

North America Leads the Metal Fabrication Industry Globally

North America has the highest market share of around 46% due to an amazing rise in the automotive industry, aerospace industry, and construction sectors. For instance, according to the Census Bureau information, the manufacturing industry, encompassing the metals fabrication industry in the United States, contributes more than USD2 trillion in GDP per year. The automotive industry, especially, is responsible for most of this growth through new demands reported by the U.S. It involved the Department of Commerce to implement lightweight, efficient fuel-consuming vehicles pegged on the need for improved metal parts.

Also, the aerospace industry is expanding due to the increasing population's need for transportation and defense needs. The United States Department of Defense is one of the major customers of these products to aid in the modernization of military aircraft and defense systems. This modernization consumes high-strength metal alloys and metals through precision fabrication, which is driving construction-related metal-forming fabrication services.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Mayville Engineering Company, BTD Manufacturing Inc., Matcor Matsu Group, Watson Engineering, Iron Form Corporation, PA International, Kapco Metal Stamping, Komaspec, United States Steel Corporation, Nippon Steel Corporation, Aperam, Standard iron and wire works, A.K Steel Holding Corporation, Allegheny Ludlum, Mueller Industries, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?