Metal Working Market Report 2026

The metal working market size has grown steadily in recent years. It will grow from $11.61 billion in 2025 to $12.09 billion in 2026 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to growth of oil and gas infrastructure, expansion of mining operations, rise in industrial and logistics facilities, increased building construction projects, adoption of structural steel fabrication.

The metal working market size is expected to see steady growth in the next few years. It will grow to $14.49 billion in 2030 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to growth of renewable energy infrastructure, rising demand for water and utility metalworks, increase in energy-efficient building projects, expansion of industrial automation, adoption of advanced welding and stamping technologies. Major trends in the forecast period include rising adoption of advanced cutting and forming technologies, increased use of automation and robotic metalworking systems, growth in custom metal fabrication services, expansion of metalworking in pre-engineered and prefabricated buildings, focus on high-precision and complex metal components.

The rising demand for electronic devices is expected to support the growth of the metalworking market in the future. Electronic devices include a broad range of products that operate using electronic components. Metalworking services are essential in the production of consumer electronics, as they enable the creation of precise metal parts used in products such as smartphones and laptops. For example, in May 2023, data from the Japan Electronics and Information Technology Industries Association showed that total electronic device production in Japan reached $6.72 billion (¥771,457 million). Additionally, production of consumer electronic devices rose to $280 million (¥32,099 million) in May 2023, compared with $230.9 million (¥25,268 million) in May 2022. Therefore, increasing demand for electronic devices is expected to drive the expansion of the metalworking market.

Companies in the metalworking industry are focusing on developing robotic welding technologies to increase market share and improve product offerings. Robotic welders automate the welding process in manufacturing, improving accuracy and efficiency through programmable robotic arms that perform welds on metal components, leading to higher productivity and consistent weld quality. For instance, in April 2023, Kemppi Oy, a Finland-based welding company, introduced the Kemppi AX MIG Welder - a durable robotic welding system designed for easy integration, advanced welding performance, and continuous high-demand operations. With a power capacity of 400 to 500 A and equipped with a robotic wire feeder, it is built to handle demanding applications and stringent production targets. The system features precise ignition and an advanced seam-tracking capability to deliver reliable, high-quality welds.

In November 2024, Webco Manufacturing Inc., a U.S.-based precision metal fabrication company, acquired BMF Metal Fabrication LLC for an undisclosed amount. The acquisition is intended to enhance Webco’s metalworking capabilities by incorporating BMF’s rapid-turnaround fabrication services - including laser cutting, precision forming, welding, machining, and assembly - into its operations, enabling better service across multiple industrial sectors. BMF Metal Fabrication LLC is a U.S.-based company specializing in precision fabrication of metal products made from steel, aluminum, and stainless steel.

Major companies operating in the metal working market report are BTD Manufacturing Inc., Mayville Engineering Company Inc., O’Neal Manufacturing Services, Ironform Corporation, United Steel Inc., Tenere Inc., Robinson Metal Inc., Morton Industries LLC, Metalcraft of Mayville Inc., Standard Iron & Wire Works Inc., Monti Inc., PMF Industries Inc., Valmont Industries Inc., Komaspect Pte Ltd., Gulf Steel & Engineering, Matcor Matsu Group Inc., BTD Manufacturing Inc., Mayville Engineering Company Inc., United States Steel Fabrication, The Bradbury Co. Inc.

Asia-Pacific was the largest region in the metal working market in 2025. The regions covered in the metal working market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the metal working market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The metal working market includes revenues earned by entities involved in the forming structure from bare metal servers, laser cutting, welding works, bending works. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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