Sheet Metal Fabrication Services Market - By Service Type, Material, End Use Industry- Global Forecast, 2025 - 2034

Sheet Metal Fabrication Services Market Size

The global sheet metal fabrication services market was valued at USD 10.3 billion in 2024, with expectations to reach USD 15.2 billion by 2034, growing at a CAGR of 4%.
 

The market for sheet metal fabrication services is growing at a consistent rate and increasing demand from various sectors is the main reason. The shift towards implementation of automation along with adoption of modern manufacturing techniques is one of the most important trends in the market. The shift to lightweight yet strong metal parts composites in the automotive and aerospace industries is supporting the growth of the market. 
 

Industries that use sheet metal fabrication services includes automotive, aerospace, construction, electronics, as well as industrial machinery. In the automotive industry, vehicles have body parts and structural frames made of sheet metal. The fabricated sheet metal in the aerospace sector is used in the construction of fuselages, wings and the internal structures of the aircrafts. Meanwhile, Metal fabrication in construction refers to the creation of structural and framing components for roofs, walls, and HVAC units.  Increased industrialization coupled with enhanced global manufacturing activities is a primary driver of growth as economies all over the world are increasing their output capabilities. Increasing adoption of industrial machinery and high precision manufacturing of consumer electronics and heavy equipment drives the need for fabricated metal parts which, in turn, accelerates growth. 
 

Increased investments in construction activities have been another driving factor to the market growth. The fabrication of top-notch metals is required for bridges, skyscrapers, and commercial buildings to cater to the demands of urbanization and infrastructure expansion. The global adoption of smart cities together with green construction developments is increasing the need custom fabricated metal designs.
 

According to the recent data published by the International Organization of Motor Vehicle Manufacturers (OICA), in 2022, the production of automotive vehicles at the global level was 84,830,376 units, and in 2023, the automotive output increased to 93,546,599 units, representing a year-on-year growth rate of 10.3%. This shows opportunities for sheet metal fabrication services in automotive industry as well.
 

Sheet Metal Fabrication Services Market Trends

Recent innovations targeting sustainable approaches within sheet metal fabrication are emerging. In response to market environmental sustainability pressures, firms are using green materials, conserving energy, redesigning processes to minimize waste, and integrating their activities into the ecological policies of the region.

The emergence of Building Information Modeling (BIM) is changing the practices of sheet metal fabrication in the construction sector. BIM automates aspects of project design and enables collaboration between a fabricator, architect, contractor, etc., improving design quality and accelerating project delivery. Many industries characterized by short lead times and low inventory levels have embraced on demand manufacturing practice. Companies can easily interact with their customers and provide services such as rapid prototyping and production fulfilment or order fulfilment without any hassle. In sheet metal fabrication, some human workers are being provided with collaborative robots, also known as cobots. Cobots improve safety, efficiency, and responsiveness within manufacturing processes which in turn fosters flexibility in working procedures. There is an increasing tendency to issue orders for sheet metal fabrication services via e-commerce platforms. The clients can place orders, obtain quotes, and oversee project activities easily, thereby enhancing the purchasing experience.
 

Sheet Metal Fabrication Services Market Analysis

The market by service type is segmented into cutting, punching, stamping, forming, bending, welding, finishing, others. The cutting accounted for 25.1% of the market share in 2024 and is expected to grow with the CAGR of 4.1% in 2034.
 

• The evolution of laser cutting and water jet cutting technologies is promoting growth in the demand for cutting services by enabling high accuracy and efficiency levels. Increased need for custom sheet metal components across industries is propelling the need for advanced cutting services. Other than cutting service type automated punching systems make punching services faster and more efficient while growing on reintegrated punching services. Stamping services are largely augmented by the need for the punched parts in cars and airplanes which are produced in large quantities. Increasing use of formed parts in aerospace and automotive industries are sustaining the growth of forming services. Various industries such as construction, manufacturing, and electronics are employing these services which leads to growth in these services. A broad range of services draws in customers looking for comprehensive solutions, from diverse application areas like aerospace, automotive, and construction, leading to growth in the market.
   
• For instance, in 2024, Airbus delivered 766 commercial aircraft at the global level, fulfilling orders for 86 customers globally. This was 4% higher than in the year 2023. This indicates an increase order for precision sheet metal fabrication in aircraft fuselages, wings, and other parts which is propelling the growth of the market due to increase in aerospace manufacturing.
   

The market is segmented into steel, aluminium, silver, others by material. Steel holds the market size of USD 4.7 billion in 2024 and expected to grow at a faster rate of 4% CAGR.
 

• Cost effectiveness, durability, and strength make steel the most preferred material in the sheet metal fabrication services market. Steel is used in construction, automotive, as well as industrial purposes, due to its ability to be easily machined into structural frameworks, machinery components, and heavy equipment. Advancements in coated steel and stainless steel have helped advance corrosion resistance as well. Lastly, the sustainability efforts tied to the recyclability of steel aid being most adopted in precision engineered metal components, enabling numerous industries to benefit. 
   
• For instance, the World Steel Association reported that in 2023 crude steel production for the 71 countries was 135.7 million tons (Mt) in December 2023. This ensures the steady supply for sheet metal fabrication, supporting demand in various industries like automotive, construction, and industrial sectors, driving market growth through increased manufacturing activities.
   

Based on end use industry the sheet metal fabrication services market is segmented by aerospace & defence, automotive, construction, electronics, industrial machinery, telecommunication, others. The aerospace & defence segment holds a significant share of 30.3% of the market in 2024.
 

• Owing to its requirement of finely crafted metallic parts, the aerospace and defense industries lead to the use of sheet metal fabrication services. The making of aircraft fuselages, wings and landing gear, along with engine components, utilizes super alloys like aluminum, which are further processed using advanced cutting, welding and machining technologies. The defense industry also spends a significant amount on military vehicles, ships, and even weapon systems which all need corrosion resistant materials and added structural robustness to ensure survivability in harsh conditions.  
   
• The growth in spending for nearly every nation’s defense is contributing to the acceleration in the production of commercial aircraft, all of which has a direct effect on the consumption of fabricated metal pieces. Airbus and Boeing are good examples of this as they have had steady growth in demand and thus require a lot of sheet metal fabrication.
   
• For instance, in the India Union Budget 2023, approximately USD 72.38 Bn is allocated towards the total defence budget for Financial Year (FY) 2023-24. This shows a positive and continuous growth opportunity for sheet metal fabrication service market in this sector.
   

In the sheet metal fabrication services market North America dominated the market by accounting USD 3.1 billion in 2024 and is expected to grow at a CAGR of 4.2% in 2034.
 

Fabrication services are very crucial and the electric vehicles alongside the innovation in the automotive industry are driving the growth and development. These factors in addition to the lightweight material production allow an increase in demand for North America especially in U.S. The business and infrastructural building sectors in North America is the reason for the increase in demand for HVAC systems, architectural elements and structural components that need sheet metal fabrication. The North America region also has a powerful aerospace and defence industry which means the demand for fabrication services also increases. The boost in airplane, spacecraft, and defence component manufacturing raises the demand for sheet metal fabrication. The regional presence is highly active in this sector which creates the need for fabrication services.
 

In 2023, the U.S. government allocated funds over USD 220 billion to support 32,000+ initiatives for 4,500 communities across all 50 states, the District of Columbia and other US territories. This contribution vastly improves the demand in sheet metal fabrication services, as the custom manufactured metal parts for bridges, roads, airports, and clean energy facilities are prerequisites for the greatly needed infrastructure development. Additionally, the economic boost leads to more construction which increases the demand for precise components, structural supports, and metal enclosures which enables boost, innovation, and automation in the industrial region of the U.S.
 

Sheet Metal Fabrication Services Market Share

In the sheet metal fabrication services industry, Amada America, Inc., BTD Manufacturing, Dalsin Industries, Hogge Precision Parts Co., Inc., Jorgenson Metal Rolling & Forming, Inc., Mayville Engineering Company, Inc. (MEC), are the top 5 companies which holds a large share due to their broad product portfolio and established market position. These companies benefit from their global presence and brand name in the market.
 

For instance, in January 2023, Lincoln Electric announced the launch of its new TruArc 350 plasma cutting system. The TruArc 350 is a high-performance plasma cutting system that is designed for use in a variety of applications. The system features a number of advanced features, such as a new cutting torch and a digital controller.
 

Sheet Metal Fabrication Services Market Companies

Some of the eminent market participants operating in the sheet metal fabrication services industry include:

• Amada America, Inc.
• BTD Manufacturing
• Dalsin Industries
• Hogge Precision Parts Co., Inc.
• Jorgenson Metal Rolling & Forming, Inc.
• Mayville Engineering Company, Inc. (MEC)
• Miller Metal Fabrication
• O'Neal Manufacturing Services (OMS)
• Prototek Sheetmetal Fabrication
• R&D Manufacturing Inc.
• Ryerson
• The Metalworking Group (TMWG)
• Wisconsin Metal Parts, Inc.
   

In October 2023, JSP’s Angul unit, located in Odisha, was set to become India’s biggest single-location steel manufacturing plant. The capacity of the current Angul plant is estimated to be 5.6 mtpa per annum. However, the plan was to double it to 11 mtpa and 24 mtpa by 2023 and 2027, respectively.
 

Sheet Metal Fabrication Services Industry News

• In July 2023, ArcelorMittal Nippon Steel India a joint venture between ArcelorMittal and Nippon Steel, two of the world's leading steelmakers - and Festo India, the world's leading manufacturer and supplier of automation technology and specialized education, announced signing an MoU at the Festo Corporate Center in Stuttgart, Germany.
   
• In March 2022, Vulcan Industries plc acquired Aptec Ltd., a sheet metal fabrication company specializing in metal forming, bending, and laser cutting.
   
• In February, CGI Automated Manufacturing acquired Richlind Metal Fabricators, a provider of precision sheet metal fabrication and machining services.
   

The sheet metal fabrication services market research report includes an in-depth coverage of the industry with estimates and forecast in terms of revenue in USD Billion from 2021 – 2034 for the following segments:

Click here to Buy Section of this Report

Market, By Service Type

• Cutting
• Punching
• Stamping
• Forming
• Bending
• Welding
• Finishing
• Others

Market, By Material

• Steel
• Aluminum
• Silver
• Others

Market, By End Use Industry

• Aerospace & defence
• Automotive
• Construction
• Electronics
• Industrial machinery
• Telecommunication
• Others 

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada
• Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific 
  • China
  • India
  • Japan
  • Australia
  • South Korea
• Latin America 
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa 
  • Saudi Arabia
  • South Africa
  • UAE