On June 13, 2008, the Environmental Protection Agency (EPA) issued final national air toxic standards for smaller-emitting sources, known as area sources, for nine metal fabrication and finishing source categories. These standards affect any new or existing facility that performs metal fabrication or finishing operations which uses or emits compounds of cadmium, chromium, lead, manganese, and nickel; or uses or emits elemental forms of all except lead.
The article cited AMA's "Global Metal Fabrication Market Study" explored substantial growth in Asia Pacific and CAGR of 4.13%. According to the report, Growing Usage of Computer-Aided Manufacturing Technologies
is one of the primary growth factors for the market. Upsurging Use of Metal Fabrication especially Steel Fabrication in Construction Industry
is also expected to contribute significantly to the Metal Fabrication market. Overall, applications of Metal Fabrication, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Vertical, such as Construction, is boosting the Metal Fabrication market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Material Type, such as Steel, is boosting the Metal Fabrication market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Offering, such as Equipment {Laser Cutters, Saws, Dynamic Waterjet, CNC Press Brake and Punch Press, Finishing Equipment, Inspection Equipment}, is boosting the Metal Fabrication market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Metal Fabrication market identified that the demand is rising in many different parts of the world as "Introduction to Tube Laser Technology to Produce More Intricate Cuts
". Furthermore, some recent industry insights like "In 2018, Tata Steel and ThyssenKrupp signed an agreement to combine their European steel business in a joint venture. This merger will create a strong and robust European steel company with the emergence of rising opportunities for stakeholders." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Metal Fabrication market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Metal Fabrication market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Metal Fabrication market size is calculated using market estimation process, the Metal Fabrication market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Metal Fabrication market size has been validated using both top-down and bottom-up approaches.