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Global Sheet Metal Fabrication Services Market 2019-2023 - Product Image

Global Sheet Metal Fabrication Services Market 2019-2023

  • ID: 4801817
  • Report
  • June 2019
  • Region: Global
  • 124 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • O’Neal Industries Inc.
  • Otter Tail Corp.
  • Ryerson Holding Corp.
  • MORE
Global Sheet Metal Fabrication Services Market: About this market

Sheet metal fabrication is an engineering process used in the construction of machines components and structures from various sheet metals made through material deformation. This sheet metal fabrication services market analysis considers sales from automotive industry, industrial machinery industry, electrical and electronics industry, aerospace and defense industry, and others. Our analysis also considers the sales of sheet metal fabrication services in APAC, Europe, North America, South America, and MEA. In 2018, the automotive industry segment had a significant market share. However, the industrial machinery segment is expected to be the largest end-user to the market in 2023. Factors such as rising demand for products from the oil and gas, construction, mining, and chemical and petrochemical will play a significant role in the industrial machinery segment to maintain its market position. Also, our global sheet metal fabrication services market report also looks at factors such as increasing demand for fabricated metal parts in major end-user industries, increasing adoption of automation to leverage profitability, shift to contract manufacturing. However, lack of skilled workforce, increasing price competition due to volatile input cost, increasing consolidation activities in the market may hamper the growth of the sheet metal fabrication services industry over the forecast period.

Global Sheet Metal Fabrication Services Market: Overview

Increasing demand for fabricated metal parts from major end-user industries

Despite the emergence of carbon fiber, sheet metal forming plays a crucial role in the automotive and aerospace and defense industries. Metals are the major raw materials used in these industries as they can easily be transformed and made into shapes as per application requirement. With the current focus on lean manufacturing and increasing operational efficiency, including cost-cutting, sheet metal forming process will be a valuable service for OEMs. Since automotive and aerospace and defense industries are the major end-users in the global sheet metal fabrication services market, the increasing investments in these industries will drive the global sheet metal fabrication services market at a CAGR of over 3% during the forecast period.

Increasing adoption of cobots in the metal fabrication process

A cobot works alongside humans without physical separation or any caging requirement. These cobots use specialized sensors and robot controllers for operation thereby increasing the operational efficiency and safety in the process line. They are used to ease programming and reduce safety costs. They are built using sensors, such as torque sensors and built-in safety sensors, to identify the presence of humans near them. Thus, such advances in sheet metal fabrication services are expected to boost market growth during the forecast period.

Competitive Landscape

With the presence of several major players, the global sheet metal fabrication services is highly fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sheet metal fabrication services manufacturers, that include Da Ming International Holdings Ltd., Mayville Engineering Co. Inc., O’Neal Industries Inc., Otter Tail Corp., and Ryerson Holding Corp.

Also, the sheet metal fabrication services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • O’Neal Industries Inc.
  • Otter Tail Corp.
  • Ryerson Holding Corp.
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY END-USER
  • Market segmentation by end-user
  • Comparison by end-user
  • Automotive industry - Market size and forecast 2018-2023
  • Industrial machinery industry - Market size and forecast 2018-2023
  • Electrical and electronics industry - Market size and forecast 2018-2023
  • Aerospace and defense industry - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by end-user
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Advent of additive manufacturing
  • Increasing focus on nearshoring in fabrication industry
  • Increasing adoption of cobots in metal fabrication process
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Da Ming International Holdings Ltd.
  • Mayville Engineering Co. Inc.
  • O’Neal Industries Inc.
  • Otter Tail Corp.
  • Ryerson Holding Corp.
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Global metals and mining market
Exhibit 02: Segments of global metals and mining market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: End-user - Market share 2018-2023 (%)
Exhibit 18: Comparison by end-user
Exhibit 19: Automotive industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 20: Automotive industry - Year-over-year growth 2019-2023 (%)
Exhibit 21: Industrial machinery industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 22: Industrial machinery industry - Year-over-year growth 2019-2023 (%)
Exhibit 23: Electrical and electronics industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 24: Electrical and electronics industry - Year-over-year growth 2019-2023 (%)
Exhibit 25: Aerospace and defense industry - Market size and forecast 2018-2023 ($ millions)
Exhibit 26: Aerospace and defense industry - Year-over-year growth 2019-2023 (%)
Exhibit 27: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 28: Others - Year-over-year growth 2019-2023 (%)
Exhibit 29: Market opportunity by end-user
Exhibit 30: Customer landscape
Exhibit 31: Market share by geography 2018-2023 (%)
Exhibit 32: Geographic comparison
Exhibit 33: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 34: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 35: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 36: North America - Year-over-year growth 2019-2023 (%)
Exhibit 37: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 38: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 39: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 40: South America - Year-over-year growth 2019-2023 (%)
Exhibit 41: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 42: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 43: Key leading countries
Exhibit 44: Market opportunity
Exhibit 45: Impact of drivers and challenges
Exhibit 46: Vendor landscape
Exhibit 47: Landscape disruption
Exhibit 48: Vendors covered
Exhibit 49: Vendor classification
Exhibit 50: Market positioning of vendors
Exhibit 51: Da Ming International Holdings Ltd. - Vendor overview
Exhibit 52: Da Ming International Holdings Ltd. - Business segments
Exhibit 53: Da Ming International Holdings Ltd. - Organizational developments
Exhibit 54: Da Ming International Holdings Ltd. - Geographic focus
Exhibit 55: Da Ming International Holdings Ltd. - Segment focus
Exhibit 56: Da Ming International Holdings Ltd. - Key offerings
Exhibit 57: Mayville Engineering Co. Inc. - Vendor overview
Exhibit 58: Mayville Engineering Co. Inc. - Organizational developments
Exhibit 59: Mayville Engineering Co. Inc. - Key offerings
Exhibit 60: O’Neal Industries Inc. - Vendor overview
Exhibit 61: O’Neal Industries Inc. - Organizational developments
Exhibit 62: O’Neal Industries Inc. - Key offerings
Exhibit 63: Otter Tail Corp. - Vendor overview
Exhibit 64: Otter Tail Corp. - Business segments
Exhibit 65: Otter Tail Corp. - Organizational developments
Exhibit 66: Otter Tail Corp. - Segment focus
Exhibit 67: Otter Tail Corp. - Key offerings
Exhibit 68: Ryerson Holding Corp. - Vendor overview
Exhibit 69: Ryerson Holding Corp. - Organizational developments
Exhibit 70: Ryerson Holding Corp. - Geographic focus
Exhibit 71: Ryerson Holding Corp. - Key offerings
Exhibit 72: Validation techniques employed for market sizing
Exhibit 73: Definition of market positioning of vendors


Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • O’Neal Industries Inc.
  • Otter Tail Corp.
  • Ryerson Holding Corp.
  • MORE
The following companies are recognised as the key players in the global automotive steering lock system market: Da Ming International Holdings Ltd., Mayville Engineering Co. Inc., O’Neal Industries Inc., Otter Tail Corp., and Ryerson Holding Corp.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing adoption of cobots in the metal fabrication process”

According to the report, one of the major drivers for this market is the increasing demand for fabricated metal parts from major end-user industries.

Further, the report states that one of the major factors hindering the growth of this market is the lack of skilled workforce.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Da Ming International Holdings Ltd.
  • Mayville Engineering Co. Inc.
  • O’Neal Industries Inc.
  • Otter Tail Corp.
  • Ryerson Holding Corp.
Note: Product cover images may vary from those shown
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