North America Metal Fabrication Market

Perforation Rollers and Lasers Create Revenue Opportunities for Metal Fabrication Industries

Advancements in perforated metal are being observed in the North America metal fabrication market. Perforation rollers are becoming increasingly commonplace in the metal fabrication industry in order to create even and uniform punches in metal. Equipment manufacturers are increasing efforts to develop project-specific rollers to meet unique demands of clients. These trends contribute toward the growth of the North America metal fabrication market, which is estimated to reach a value of ~US$ 6 Bn by the end of 2030.

There is a growing demand for perforation rollers that can go through the metal cold or be heated to create a clean punch each time. These novel rollers are creating incremental opportunities for metal fabrication companies, since the heated pin in these rollers creates a reinforced ring around the perforation to increase the strength of the metal. On the other hand, lasers are being highly publicized for the perforation of metals.

To gauge the scope of customization in our reports Ask for a Sample

3D Printing Technology Gains Popularity to Reduce Costs and Create Complex Designs

Companies in the North America metal fabrication market are bolstering their credibility credentials by unlocking opportunities in 3D (Three Dimensional) printing. 3D printing is gaining popularity to reduce manufacturing time and cost, as the technology eliminates the assembly steps and encourages freedom in design. Moreover, 3D printing minimizes the wastage of resources with regard to human labor as well as materials. Hence, metal fabricators are investing in the 3D printing technology to simplify the process of developing tools and other metal structures.

Get an idea about the offerings of our report from Report Brochure

3D printing is found to overcome the limitations of traditional manufacturing processes in the North America metal fabrication market in order to gain efficacy in the creation of the most complex metal designs. Thus, the innovative printing technology is contributing toward a modest CAGR of ~4% of the North America metal fabrication market.

Automation: Hero or Villain in Metal Fabrication?

Automation is revolutionizing the North America metal fabrication market. Industry 4.0 and metal fabrication activities are gaining prominence in manufacturing end-use products. This is evident since the manufacturing end use segment is expected to generate the third-highest revenue in the market.

Moreover, job scarcity is one of the outcomes of the adoption of automated processes. However, there is an industry-wide labor shortage in the North America metal fabrication market. Hence, companies are adopting automated procedures to meet the demands of clients. Robots are not completely eliminating human workers in the market landscape, but come handy in automating unskilled or mundane tasks. Thus, fabricators are tapping into opportunities in other aspects of welding and machining of metal fabrication that require manual labor.

Supply Chain Crisis Due to COVID-19 Demands More Visibility for Monitor Networks

The novel coronavirus (COVID-19) has disrupted supply chains in the North America metal fabrication market. With rapidly surging COVID-19 cases and deaths in the U.S., the overall economy in North America is undergoing unprecedented changes. Metal fabrication containerships are being delayed and arriving after several days. The author of Supply Chain Resilience, Phil Palin, focused on catastrophe-preparedness at the MODEX material handling tradeshow held in Atlanta on March 10 2020. Many factories in the North America metal fabrication market have resumed their production activities, but are challenged by the non-availability of truckers.

Metal fabrication companies are strategizing on visibility in supply chain networks to meet the demands of automotive industry clients. Moreover, there is a growing demand for the right data to differentiate between just-in-time lean inventory and resilient supply chains. Thus, metal fabricators are focusing more on agility and less on inventory amidst the COVID-19 crisis.

Looking for Regional Analysis or Competitive Landscape in North America Metal Fabrication Market, ask for a customized report

Analysts’ Viewpoint

The agility in processes is the key to overcome supply chain challenges amidst the COVID-19 crisis. On the other hand, the tube laser technology is offering companies in the North America metal fabrication market with several opportunities. This technology is being highly publicized to produce more precise cuts and reduce downtime associated with the downstream assembly.

Robotic and artificial intelligence technologies are bringing a significant change in the market landscape. However, primitive techniques in metal fabrication are resulting in less-than-optimal designs, thus inhibiting market growth. Hence, companies should adopt perforation rollers to create even metal designs that meet client requirements in construction, automotive, and manufacturing industries.

North America Metal Fabrication Market: Introduction

• Metal fabrication is defined as the process of manufacturing machines and structures from raw metal materials. The process includes welding, machining, forming, shearing, cutting, folding, stamping, and punching.
• Additionally, metal fabrication is used in a variety of applications ranging from hand railings to heavy equipment and machinery. Specific applications include cutlery and hand tools; architectural and structural metals; hardware; springs and wires; and screws, nuts, and bolts.
• Metal fabrication is also carried out in several industries and consumer products. Standard raw materials used in metal fabrication include plate metals, castings, formed fittings, expanded metals, sectional metals, flat metals, and welding wires.

Advancements in Technological Tools in Fabrication to Drive North America Metal Fabrication Market

• Various ERP technologies and software are used in the metal fabrication process. This makes the data easily accessible and accelerates the decision-making process.
• Increase in usage of the computer-aided manufacturing (CAM) technology is helping players operating in the metal fabrication market improve their operational efficiency and increase their production
• As cutting, welding, and other fabrication processes are evolved and new materials are developed, finishing processes also become advanced with the use of technological tools

Rising Use of Automation Technology in Metal Fabrication to Drive North America Metal Fabrication Market

• The automation technology is used to enhance outcomes in industrial steel fabrication. Its popularity has significantly risen as a solution to providing customers with high-quality, cost-friendly steel fabrication products on time.
• The automation technology has already been playing a role in the metal fabrication market. Technological innovations have also enabled advancements in computer numerically controlled (CNC) machines as well as welding processes. These have helped improve precision and quality and increase production volumes.
• Furthermore, adoption of the automation technology can help in creating a virtuous cycle, whereby increased profitability generates revenue for additional capital investments

Increase in Popularity of 3D Metal Printing Worldwide to Hamper North America Metal Fabrication Market

• 3D metal printing is replacing the traditional methods used in the manufacturing industry. The industry has been adopting the additive manufacturing technology by manufacturing small parts by using 3D printers over the last few years.
• Most companies operating in healthcare and aerospace sectors have already adopted the 3D metal printing technology. Some players are running pilot projects to examine how 3D metal printing can contribute to their operations, while others are using 3D printers to produce metal prototypes in-house.
• At the time of high volatility in the cost of raw materials, metal manufacturers are employing 3D printing with great interest. 3D metal printing can significantly lower production costs as well as lead times for a variety of metal parts.
• On the other hand, the 3D printing process also makes small production batches more cost effective by broadening the range of manufacturing options and enabling better customization for end-user needs

Achieving Operational Excellence as per Industry Requirements Provides Opportunities to Metal Fabrication Market

• Demand for fabricated metals from original equipment manufacturers (OEMs) has been fluctuating. It is in line with the demand for end-use products. Product manufacturing companies have been adopting new operational methods to minimize costs by shortening the production time and lowering inventory costs.
• Companies operating in the metal fabrication market in North America are adopting new business strategies to address changing requirements of customers
• Metal fabricator companies have an opportunity to efficiently carry out operational management by using Material Requirements Planning (MRP), Kanban (JIT), and Optimized Production Technology (OPT) to address changing requirements of customers and remain competitive in the marketplace
• Most modern steel fabrication factories require computer-aided design and detailing (CAD), which is linked directly to computer numerically controlled (CNC) machinery on factory floors. This raises the enterprise value.
• Moreover, modern manufacturing methods can enable fabrication of composite, primary, load-carrying structures for commercial aircraft, which are inexpensive as well as light in weight
• Thus, in order to achieve operational excellence, manufacturers and fabricators are trying to cope with changing requirements in the metal fabrication market

Highly Competitive North America Metal Fabrication Market

• The North America metal fabrication market is highly fragmented. Various locally organized players operate in the market in the region.  Scale of operations, quality expertise, and product differentiation are also high.
• Key players operating in the North America metal fabrication market are 
  • Helander
  • O’Neal Manufacturing Services
  • BTD Manufacturing Inc.
  • Kapco Metal Stamping
  • Canadian Metal Fabricators Ltd.
  • Ballman Metals
  • Schaumburg Specialties LLC
  • Mayville Engineering Company, Inc.
  • Watson Engineering Inc
  • Miro Manufacturing, Inc.
  • Matcor-Matsu Group Inc.
  • Standard Iron & Wire Works Inc.
  • Ironform

North America Metal Fabrication Market – Segmentation

TMR’s research study assesses the North America metal fabrication market based on service, raw material, end use, and country. The report presents extensive market dynamics and growth trends associated with different market segments and how they are influencing growth prospects for the North America metal fabrication market.

Interested in this report?
Get a FREE sample now!

Get Free Sample

*Get Sample Report (PDF) sent to your email within minutes