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Sheet Metal Fabrication Services Market size is set to grow by USD 3.31 billion from 2024-2028, Increasing demand for fabricated metal parts in major end-user industries to boost the market growth, Technavio

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NEW YORK, July 26, 2024 /PRNewswire/ — The global sheet metal fabrication services market size is estimated to grow by USD 3.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 3.27% during the forecast period. Increasing demand for fabricated metal parts in major end-user industries is driving market growth, with a trend towards advent of additive manufacturing. However, lack of skilled workforce poses a challenge. Key market players include All Metals Fabricating Inc., BTD Manufacturing, Classic Sheet Metal Inc., Cupples J and J Co. Inc., Diehl Stiftung and Co. KG, Dynamic Aerospace and Defense Ltd., Ironform Corp., Kapco Metal Stamping, Marlin Steel Wire Products LLC, Mayville Engineering Co. Inc., Metal Fab Services Inc., Metal Working Group, Metcam Inc., Moreng Metal Products Inc., Noble Industries Inc., ONeal Manufacturing Services, Otter Tail Corp., Quality Sheet Metal Inc., Ryerson Holding Corp., and Standard Iron and Wire Works Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Automotive, Industrial machinery, Electrical and electronics, Aerospace and defense, and Others) and Geography (APAC, North America, Europe, South America, and Middle East and Africa)

Region Covered

APAC, North America, Europe, South America, and Middle East and Africa

Key companies profiled

All Metals Fabricating Inc., BTD Manufacturing, Classic Sheet Metal Inc., Cupples J and J Co. Inc., Diehl Stiftung and Co. KG, Dynamic Aerospace and Defense Ltd., Ironform Corp., Kapco Metal Stamping, Marlin Steel Wire Products LLC, Mayville Engineering Co. Inc., Metal Fab Services Inc., Metal Working Group, Metcam Inc., Moreng Metal Products Inc., Noble Industries Inc., ONeal Manufacturing Services, Otter Tail Corp., Quality Sheet Metal Inc., Ryerson Holding Corp., and Standard Iron and Wire Works Inc.

Key Market Trends Fueling Growth

The sheet metal fabrication services market is experiencing significant transformation due to the adoption of 3D printing technology, also known as additive manufacturing. This innovative technology constructs 3D objects using digital files and builds the product in thin layers. Traditional manufacturing techniques are subtractive in nature, resulting in high material wastage and added costs for reclaiming scrap. In contrast, 3D printing optimizes material usage and reduces raw material and capital costs. Moreover, 3D printing enables the production of complex geometries that are challenging to manufacture through traditional methods. In the context of sheet metal fabrication, this technology is particularly beneficial for creating dies used in machine tools for punching processes. Dies, such as V-shaped, U-shaped, and 90-degree angle production, are expensive and have long lead times, delaying the metal processing process. With the advent of 3D printers, dies and tools can be produced quickly and cost-effectively using fiber-reinforced polymer. Furthermore, 3D printing allows for the manufacture of cost-effective parts that are significantly cheaper than traditionally manufactured parts, offsetting the high initial cost of the 3D printer. The advancements in 3D printing technology and its increasing adoption are expected to lead to a complete shift in the manufacturing process, ultimately driving the growth of the global sheet metal fabrication services market during the forecast period. 

Sheet metal fabrication is a thriving industry, focusing on creating metal products from flat metal sheets. Key trends include assembly networks for improved operational efficiency, novel materials like aluminum, brass, silver, stainless steel, carbon steel, and high strength alloys. Infrastructure investments in bending technology, such as plasma and 3D printing, and machining processes like cutting, welding, and robots, drive affordability and durability. Prominent players leverage machine learning for defect reduction. Lightweight components, essential in the defense and space industries, are in high demand. Metal cutting and bending technology advancements, including plasma and 3D printing, revolutionize production. The construction sector and infrastructure sectors rely on sheet metal fabrication for metal reinforcements in skyscrapers, railway bridges, residential units, and industrial shades. Ductwork, rain gutters, and other applications further expand the market. The defense sector continues to invest in sheet metal fabrication for defense equipment, satellites, and rockets. 

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Market Challenges

The sheet metal fabrication industry is experiencing a resurgence due to increased demand for commodities, leading to the modernization of manufacturing units. CNC machines are replacing traditional fabrication shop floor machines, enhancing efficiency, product quality, and customer satisfaction. However, a significant challenge arises from the lack of a skilled workforce, particularly in welding. This process accounts for approximately 80% of the cost in the field. The shortage of welders is a pressing issue, with the US, India, and China facing this problem acutely. The American Welding Society predicts a deficit of 400,000 welders in the US alone by 2024. The manufacturing sector’s lack of qualified labor results in increased labor costs due to overtime and longer production cycles, leading to inferior quality products and extended lead times, negatively impacting fabricators’ revenue.The Sheet Metal Fabrication Services Market faces several challenges in various industry verticals, including defense, aerospace, energy, and aviation. Key products include panels, brackets, enclosures, and components made from metals like steel, aluminum, silver, foil, plate, and casting. Pitfalls and Challenges include intense competition, sustainability, and recyclable metals. Smart manufacturing, industrial automation, and digitization through technologies like artificial intelligence, robotics, building information modeling, on-demand manufacturing, collaborative robots, e-commerce platforms, and cutting, punching, stamping, forming, bending, welding, and finishing are essential for overcoming these challenges. The market serves clients in academia, defense, aerospace, energy, and aviation industries, with data sources including industry reports and business metrics. Sustainable practices are crucial, focusing on reducing waste and ensuring eco-friendly processes.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This sheet metal fabrication services market report extensively covers market segmentation by

End-user 1.1 Automotive1.2 Industrial machinery1.3 Electrical and electronics1.4 Aerospace and defense1.5 OthersGeography 2.1 APAC2.2 North America2.3 Europe2.4 South America2.5 Middle East and Africa

1.1 Automotive- The sheet metal fabrication services market experiences significant demand from the automotive industry due to the extensive usage of fabricated metal parts in various vehicle components. These parts include bus bars, terminals, electrical contacts, brackets, lead frames, shields, clips, and press-fit pins, which are essential for fuel delivery systems, chassis, batteries, motors, lights, engines, seating, alternators, steering wheels, security systems, brake systems, and fuel systems. However, the automotive industry’s decreased capital expenditure (CAPEX) investments from Q1 2020 by global automotive OEMs may negatively impact sheet metal fabricators’ revenue during the forecast period. To maintain historical growth, Technavio predicts that changes in production processes and increasing investments, particularly in APAC countries like India, Indonesia, and Japan, will be crucial. Moreover, collaborations and R&D investments by key players such as BYD Auto Co. Ltd. (BYD) and Toyota Motor Corporation in the electric vehicle market will create opportunities for sheet metal fabricators in APAC during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022) – Download a Sample Report

Research Analysis

The Sheet Metal Fabrication Services Market is experiencing significant growth due to increasing demand from various industries such as aerospace, energy, and construction. However, this market is not without its pitfalls and challenges. Intense competition and the need for sustainable practices are major hurdles for businesses. Sustainable practices, including the use of eco-friendly materials and energy-efficient manufacturing processes, are becoming increasingly important. Building information modeling (BIM) and on-demand manufacturing are transforming the industry by enabling faster and more accurate production. Industrial automation, artificial intelligence, robotics, digitization, assembly networks, and metalworking are key trends driving innovation in the market. Defects in sheet metal fabrication can lead to significant losses, making quality control a top priority. Novel materials, such as foil and plate, are being explored to improve product performance and reduce costs. Key industry products include CNC machines, lasers, press brakes, and shears. Data sources include industry reports, market research, and company financial statements. Business metrics such as revenue growth, market share, and profitability are closely monitored. Industry verticals include automotive, construction, HVAC, and appliances.

Market Research Overview

Sheet metal fabrication services involve the creation of metal products from flat metal sheets using various processes such as cutting, punching, stamping, forming, bending, welding, and finishing. This market faces several pitfalls and challenges, including intense competition, the need for sustainable practices, and maintaining operational efficiency. The industry is undergoing digitization with the adoption of building information modeling, on-demand manufacturing, collaborative robots, e-commerce platforms, and industrial automation. Novel materials like aluminum, brass, silver, stainless steel, carbon steel, high strength, and electrical conductivity are in demand for their durability and affordability. Sectors such as defense, space, construction, infrastructure, and aviation are major consumers of sheet metal fabrication services. Defects in the manufacturing process can be a significant challenge, requiring constant quality control measures. Emerging technologies like plasma cutting, 3D printing, robotics, machine learning, and 3D bending technology are transforming the industry. Business metrics and data sources are essential for tracking industry trends and making informed decisions.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAutomotiveIndustrial MachineryElectrical And ElectronicsAerospace And DefenseOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Lianlian DigiTech Returns to Money20/20 Asia to Expand Partnerships, Share Industry Trends, and Explore AI-Enabled Global Financial Infrastructure

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BANGKOK, April 26, 2026 /PRNewswire/ — Lianlian DigiTech, a leading global provider of digital payment services, was once again invited to participate in Money20/20 Asia, one of the world’s most influential fintech gatherings, held in Bangkok, Thailand from April 21 to 23. At the event, the company presented its latest developments in cross-border payment infrastructure, technology innovation, and ecosystem collaboration, offering a comprehensive view of its work enhancing global cross-border payment capabilities.

During the conference, Lianlian DigiTech announced a strategic partnership with UK-based fintech company USI Money to further strengthen its global cross-border payment network, delivering more efficient and reliable fund flows for merchants worldwide. Shen Enguang, Co-President of Lianlian DigiTech; Mark Ma, Head of Global Banking Partnership at LianLian Global; and Bryan Jiang, General Manager Hong Kong of LianLian Global, attended the event and engaged with representatives from international financial institutions. They shared perspectives on fintech trends and global payment innovation, offering industry insight into the continued evolution of a more integrated and interoperable cross-border payments ecosystem.

Building a Borderless Payment Network with Global Partners Including USI Money

At the event, Lianlian DigiTech formalized a strategic collaboration with London-headquartered USI Money to further develop its global payment infrastructure.

The partnership will focus on cross-border remittance and foreign exchange services, combining both companies’ technological capabilities and resources to deliver a one-stop payment and collection solution for global businesses. The offering is built to be efficient, secure, and cost-effective, improving overall fund flow efficiency and streamlining foreign exchange execution.

Syed Bukhari, Group Chief Business and Operating Officer at USI Money, said: “Our partnership with Lianlian will strengthen our remittance capabilities, creating greater value for our customers through broader network coverage and improved transaction performance.”

Bryan Jiang, General Manager Hong Kong of LianLian Global, said: “By leveraging the complementary strengths of our ecosystem partners in technology and compliance, Lianlian will continue to scale its global payment network and improve transaction efficiency. We remain committed to enhancing financial connectivity across global financial markets and delivering more efficient and reliable cross-border payment solutions for our customers.”

Founded in 2009 and listed on the Main Board of the Hong Kong Stock Exchange in 2024 (2598.HK), Lianlian DigiTech is a China-based, globally focused digital payment company with increasingly integrated AI capabilities across its platform. Guided by its mission of “Connecting the world, Empowering global commerce,” the company focuses on developing a trusted and scalable financial infrastructure. As of the end of 2025, Lianlian DigiTech has built a cross-border payment network covering more than 100 countries and regions, serving over 10.4 million customers worldwide.

USI Money is a foreign exchange and international remittance service provider offering tailored cross-border financial solutions for businesses and individuals. With competitive real-time exchange rates and efficient execution as its core strengths, the company delivers fast, secure, and reliable global fund transfers.

In addition, Lianlian DigiTech co-hosted a networking session with Unlimit during the event, providing a forum for industry dialogue. The session brought together a broad group of fintech partners to explore collaborative models and help foster a more connected ecosystem.

Industry Roundtables: Unlocking Layered Collaboration in AI-Driven Cross-Border Payments and Advancing Financial Inclusion in Emerging Markets

At the same time, Mark Ma and Bryan Jiang were invited to the themed roundtable discussions, where they shared insights drawn from industry practice and outlined new approaches to aligning fintech innovation with the global financial system.

At the roundtable on “Fintech and Banks,” Mark Ma noted that the global payment system is rapidly shifting from isolated capabilities to a layered, collaborative model. Banks continue to serve as the foundational infrastructure, responsible for clearing networks and liquidity management. Fintech firms like Lianlian, meanwhile, build on top of this foundation to deliver application-layer services for businesses, transforming complex cross-border payment channels into more accessible solutions that support a wider range of practical business scenarios. He also emphasized fintech’s growing role in compliance and value creation. By embedding risk controls and verification processes into technology workflows, fintech companies can act as compliance intermediaries, improving efficiency while filtering risk and enabling banks to operate more effectively at scale. Meanwhile, insights derived from transaction data and business flows allow for more precise evaluation of small and medium-sized businesses, shifting capital allocation from experience-based decisions to data-driven approaches and improving access to financial services.

At the roundtable titled “Different Worlds, Shared Challenges: Bridging Emerging Markets,” Bryan Jiang pointed out that the core of financial inclusion is shifting from scale of coverage to practical usability in everyday financial activity. The ability to serve underserved segments such as small and micro merchants and overseas workers in a sustained and reliable manner ultimately depends on continuous improvements in product design and operational capabilities. Using emerging markets as an example, Jiang explained that small and medium-sized businesses in these regions often face challenges such as difficult account setup, complex cross-border collections, high foreign exchange costs, and multi-layered tax requirements. Many existing solutions still follow traditional business-focused models, resulting in cumbersome KYB processes and lengthy review cycles that are misaligned with the asset-light, high-frequency, fast-turnover nature of these businesses. In response, Lianlian has lowered barriers to fund flows by offering local collection accounts, optimizing foreign exchange mechanisms, and improving settlement efficiency. The company has also restructured account architecture, streamlined review processes, and enhanced fund visibility, creating a more seamless and intuitive user experience that better aligns financial services with its clients’ business operations and day-to-day activities.

As digital technologies increasingly integrate with the real economy, innovations in AI and blockchain are reshaping the foundations of global financial services. Lianlian DigiTech has long invested in AI capabilities, global compliance, and the growth of its international service network. Its broad licensing coverage, regulatory track record, localized service capabilities, and technical reliability have earned the trust of regulators, customers, and partners worldwide.

Looking ahead, Lianlian DigiTech will continue to build on its cross-border expertise and compliance experience to further develop its AI capabilities and deepen collaboration with global partners. The company aims to extend its role beyond payment network services into more integrated financial infrastructure solutions. Lianlian DigiTech remains committed to serving as a trusted platform for global financial transactions in an increasingly digital environment, enabling businesses and individuals worldwide to access faster, more efficient, and more seamless cross-border financial services.

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SOURCE LianLian Global

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The Building & Furniture Category Highlights Sustainable and Human‑Centric Design at the 139th Canton Fair

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GUANGZHOU, China, April 26, 2026 /PRNewswire/ — Phase 2 of the 139th Canton Fair has seen the Building & Furniture category emphasize green Infrastructure and human-centric design.

A major highlight of the building and decorative materials section is the introduction of photovoltaic marble-textured cladding. This innovative surfacing material bridges the gap between high-end aesthetics and renewable energy. Unlike traditional solar panels that rely on glass, this non-opaque cladding uses precise microscopic structures to guide light to internal PV cells.

This technology offers 60% higher efficiency than traditional transparent solar systems while reducing carbon emissions by over 50%. Its ability to reproduce stone, wood, or brick‑like 3D textures allows architects to integrate power generation into a wide range of building styles without the industrial appearance of traditional solar panels.

Indoor environments are also becoming smarter and safer. Manufacturers are showcasing high-efficiency antibacterial surfacing, utilizing visible light catalysis to provide 24-hour protection against mold and bacteria. These advanced decorative papers and panels are becoming the new standard for high-end interior decoration, prioritizing long-term hygiene in residential and commercial spaces.

The sanitary ware sector is increasingly focused on the aging global population and those with limited mobility. A standout innovation is the electric lift-and-rotate shower chair. Designed for the dry-wet separation bathroom layout, it allows users to sit in a dry area and be safely rotated and lifted into the shower via remote control. This waterproof, low-voltage system provides dignity and independence for the elderly while reducing the physical strain on caregivers.

Hygiene and ease of maintenance have also seen a breakthrough with wall-mounted toilets. By moving the lid connection to the tank wall and adopting a mortise‑and‑tenon structure, the design eliminates the hard‑to‑clean areas where bacteria typically accumulate. Many of these units also incorporate ergonomic grab bars directly into the frame, blending safety with a minimalist aesthetic.

In the sports and leisure industry, the shift toward sustainability is seen in non-infill synthetic turf. This next-generation football grass eliminates the need for rubber granules or sand, providing a natural touch and superior shock absorption while significantly reducing maintenance costs and microplastic pollution.

All these innovations demonstrate how the Building & Furniture sector is advancing toward greener materials, smarter functionality, and more human‑centered design, setting new benchmarks for the future of living spaces.

For pre-registration, please click: https://buyer.cantonfair.org.cn/register/buyer/email?source_type=16

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Nexteer’s Global First Steer-by-Wire Goes into Production

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BEIJING, April 26, 2026 /PRNewswire/ — Nexteer Automotive helped a leading Chinese new energy vehicle (NEV) manufacturer bring the world’s first production passenger vehicle with a full drive‑by‑wire chassis to market. The vehicle features Nexteer’s steer‑by‑wire (SbW) system as a key enabler.

The SbW featured in this vehicle marks Nexteer’s first SbW system in mass production, representing a major step forward for the technology — moving from development and validation to full-scale production. Certified in late 2025, this system achieved the world’s first ASIL D functional safety approval from DAkkS (German Accreditation Body) through close collaboration with the OEM. This certification reflects global top-tier performance in fault diagnosis, redundancy, and safety monitoring. Key features include:

Multi-layered redundancy design: Dual controllers, dual power supplies, multiple communication links, and dual actuation paths — achieving redundancy at system, hardware, and software levels. This ensures that in the event of a single fault, the backup path takes over within milliseconds with no loss of steering function.Full‑scenario functional safety mechanism: Multi‑level monitoring and fault handling strategies covering sensors, controllers, actuators, and communication links.Variable steering ratio: Automatically adjusts steering angle and effort based on vehicle speed and driving mode, balancing agility and comfort.Intuitive road‑feel simulation technology: Software‑defined steering feedback delivers a more responsive and precise driving experience, adaptable to a wide range of driving scenarios.Open interface for autonomous driving: As a key actuation layer for ADAS and autonomous driving systems, it provides real‑time, precise control capabilities, supporting the development of intelligent transportation systems.

Steer-by-Wire: Electronic Signals Replace Mechanical Links, Flexible Configurations for Diverse Needs

By decoupling the mechanical link between the hand wheel and the road wheels, steer-by-wire replaces conventional mechanical connections with electronic signals and actuators — and is quickly becoming a foundational technology for next-generation intelligent chassis and autonomous driving platforms. As a motion control technology company with 120 years of engineering heritage, Nexteer offers a flexible, off-the-shelf portfolio of steering feel simulators and road wheel actuators. This modular approach allows us to meet the diverse needs of different vehicle models and driving scenarios efficiently and cost-effectively.

From Steering to Braking: Expanding Full-Stack Motion Control Capabilities

Building on its deep expertise in steering systems, Nexteer has expanded into braking with its Brake-by-Wire solution, the Electro-Mechanical Brake (EMB). EMB has completed full development and rigorous validation and is ready for mass production. Together with SbW, Brake-by-Wire (EMB), Rear-Wheel Steering, and the MotionIQ™ Software Suite make up Nexteer’s broader Motion-by-Wire™ portfolio.

With Nexteer, OEMs get more than steer-by-wire and brake-by-wire components: they get a complete, proven, production-ready and cost-effective drive-by-wire chassis motion control solution that’s shaping the future of the software-defined chassis and enabling faster development, lower costs and safter, smarter and more exciting driving experiences.

During Auto China 2026, we cordially invite you to visit Nexteer at Booth W1B03, Hall W1, China International Exhibition Center (Shunyi) in Beijing, to experience firsthand the breakthrough innovations of steer-by-wire and Motion-by-Wire™ technologies.

ABOUT NEXTEER AUTOMOTIVE

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports Motion-by-Wire™ chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. Celebrating 120 years of automotive innovation in 2026, Nexteer builds on a strong legacy of engineering excellence while continuing to shape the future of mobility. The company solves motion control challenges across all megatrends – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com  

Links to Nexteer Media Center

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