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U.S. Metal Fabrication Market

Metal Fabrication Market (Product: Metal Valve, Threaded Products, Machine Shops, Power Boiler & Heat Exchanger, Metal Tank, Metal Can & Container, Architectural & Structural Metal, Spring & Wire, and Others; Raw Material: Iron & Steel, Aluminum, and Others; and End-use Industry: Construction, Automotive, Manufacturing, Energy & Power, Electronics, and Others) - U.S. Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

Supply Chain Risk Mapping Growing Prominent during Coronavirus Pandemic

Companies in the U.S. metal fabrication market are focusing on catastrophe-preparedness due to the ongoing COVID-19 pandemic. Though situations are improving in China as factories are back up and running, stakeholders are witnessing a scarcity of truckers. As such, vaccine inoculation programs worldwide are anticipated to boost economic activities.

The drastic slowdown in business and manufacturing activities in automotive factories is affecting growth of companies in the U.S. metal fabrication market who are now mapping supply chain risks. They are taking cues from previous catastrophes such as the tsunami in 2011 in Japan, which largely disrupted its automotive industry. Inventory planning and collaborative discussions with clients & partners are among various other strategies that are helping companies to stay financially afloat amid the ongoing coronavirus outbreak.

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Upgrades in Competitive Intelligence, Low Cost Necessary for Building Credibility

The U.S. metal fabrication market is expected to surpass valuation of US$ 473.7 Bn by 2031. However, the need to competitive intelligence and reduce cost is growing rampant in the potentially fragmented market. Hence, Decision Resources - a leading manufacturing software solutions expert, is meeting customer demands with self-serve web portals and automated processes to ensure competitive intelligence and reduce costs. Companies in the U.S. metal fabrication market are taking cues from such companies to increase the availability of ERP (Enterprise Resource Planning) application features that help to efficiently manage supply chain and inventory with definable dimensions and attributes.

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CAD Software, Precision Metal Cutting Techniques Leveraging Manufacturing Activities

Due to the modernization of the metal manufacturing industry, CAD (Computer Aided Design) software have become customary in various end-use cases. This software helps to implement design specifications and optimize the product for further manufacturing processes. CAD software have leveraged the design stage of companies in the U.S. metal fabrication market, as changes can be made quickly. These software are being used to provide 3D (3 dimensional) models to clients, and are being used to link other computer programs to create an accurate and streamlined workflow.

In order to gain a competitive advantage over other manufacturers, stakeholders are mainly focusing on precision metal cutting services such as GF Laser, which uses the latest in CO2 and Fibre TRUMPF machines to cut a range of materials.

Modern Pop Culture Events Boost Demand for Sheet Metal Production Techniques

The ever-expanding automotive industry is creating stable revenue streams for companies in the U.S. metal fabrication market. It has been found that the sheet metal production technique is one of the most in-demand services in the automotive industry. Modern pop culture is shedding light on sheet metal production techniques, owing to events such as the Grand Prix and Hot Rods races that are helping to drive the use of sheet metal.

The rising demand for customized cars is translating into incremental opportunities for companies in the U.S. metal fabrication market. This arises with the need of cars that can withstand high-speed races.

Steel Building Construction Gains Popularity with Specialized Software, Metal Versatility

The burgeoning growth of the building & construction industry is grabbing the attention of stakeholder in the U.S. metal fabrication market. Forging, casting, cutting, and bending, among other processes, are expanding business streams for stakeholders. On the other hand, steel is gaining popularity in construction applications, owing to its versatility and durability. Builders and contractors are increasing efforts to gain a clear understanding of steel building construction techniques to specialize in various end-use cases.

Companies in the U.S. metal fabrication market are increasing their focus on arch buildings, single-span rigid frames, and multi-span rigid frames to expand their business in building & construction applications. Specialized software have become a recurring trend in metal manufacturing to create shop or building structure drawings and specify how to make every single component.

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Analysts’ Viewpoint

The U.S. metal fabrication market is experiencing experts’ miscalculations about manufacturing performance and output during the coronavirus pandemic. Hence, companies are learning from their mistakes and taking efforts to understand the impact of manufacturing on the economy and its productivity in order to correctly measure inventory and supply chain risks. Customization is becoming a fast growing phenomenon in the automotive industry to accommodate modifications and settings as opposed to conventional fabrication techniques. However, ever-evolving customer demands and issues in the supply chain management are arising in the market. These challenges should be addressed with automation tools, project management techniques, and competitive intelligence through real-time data about changing customer demands to stay relevant in the market landscape.

U.S. Metal Fabrication Market: Overview

  • According to Transparency Market Research’s latest research report on the metal fabrication market in the U.S. for the historical period of 2020 and the forecast period 2021 to 2031, rapid expansion of the manufacturing sector is a key factor that is expected to boost the metal fabrication market in the U.S. during the forecast period
  • The metal fabrication market in the U.S. was valued at US$362.4 Bn in 2020 and is expected to cross US$ 473.7 Bn by 2031. In terms of raw material, the iron & steel segment constituted key share of the metal fabrication market in the U.S. in 2020. Growth of the segment in the metal fabrication market in the U.S. can be ascribed to its ease of availability and low cost.

Rise in Automation in Metal Fabrication: Key Driver of U.S. Metal Fabrication Market

  • The automation technology is used to enhance outcomes in industrial steel fabrication. Its popularity has significantly risen as a solution to provide customers with high-quality, cost-friendly steel fabrication products on time.
  • The automation technology has already been playing a role in the metal fabrication industry. Technological innovations have also enabled advancements in CNC machines as well as welding processes. These have helped improve precision and quality, and increase production volumes.
  • Adoption of the automation technology can help in creating a virtuous cycle, whereby increased profitability generates revenue for additional capital investments
  • Thus, rise in automation in metal fabrication is anticipated to drive the metal fabrication market in the U.S. during the forecast period
  • Technological advancement in metal fabrication is also estimated to propel the metal fabrication market in the U.S. during the forecast period. Various ERP technologies and software are used in the metal fabrication industry. This makes data easily accessible and accelerates the decision-making process in the fabrication industry. Increase in usage of the computer-aided manufacturing (CAM) technology is helping the metal fabrication industry improve its operational efficiency and increase production.

High Application of Metal Fabrication in Construction Sector

  • The construction industry in the U.S. has been expanding significantly due to the rise in public sector investments in non-residential buildings as well as non-residential structures. Furthermore, easing trade tensions and growth of the economy in the U.S. are key factors propelling investments in the construction sector in the country.
  • Key segments of the construction industry include educational institutes, manufacturing plants, and highways & streets
  • Fabricated structural steel is widely used as a raw material in the construction industry. Fabricated structural steel is commonly employed in the construction of industrial, commercial, and residential buildings.
  • Demand for metal fabrication is linked with the demand for fabricated structural steel, as the metal fabrication process is used to create fabricated products by bending, cutting, and assembling processes
  • Thus, expansion of the construction sector in the U.S. is anticipated to boost the demand for metal fabrication in the country during the forecast period

U.S. Metal Fabrication Market: Competition Landscape

  • Detailed profiles of companies operating in the metal fabrication market in the U.S. have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies
  • Key players operating in the metal fabrication market in the U.S. are
    • Helander
    • O’Neal Manufacturing Services
    • BTD Manufacturing Inc.
    • Kapco Metal Stamping
    • Ballman Metals
    • Schaumburg Specialties LLC
    • Mayville Engineering Company, Inc.
    • Watson Engineering Inc.
    • Miro Manufacturing, Inc.
    • Standard Iron & Wire Works Inc.
    • Ironform

Metal Fabrication Market: Strategic Partnerships

  • Prominent companies operating in the metal fabrication market in the U.S., such as Miro Manufacturing, Inc., Mayville Engineering Company, Inc., and O’Neal Manufacturing Services are focusing on expansion of production facilities and strategic partnerships to expand their global footprint. Key strategies in the metal fabrication market are highlighted below:
    • In March 2021, Miro Manufacturing, Inc. acquired additional facilities of Waukesha to support its growth in metal stamping and fabrication industries. The expansion of manufacturing facilities is expected to strengthen its presence in metal fabrication market
    • In December 2019, Miro Manufacturing, Inc. expanded its fabrication capabilities with the purchase of a CNC Press Brake, i.e. SafanDarley H-Brake Ultra. The machine is one of the most accurate, high-tonnage press brakes in southeastern Wisconsin, the U.S. It is employed to increase Miro Manufacturing, Inc.’s ability to provide complete fabrications from laser and waterjet cutting through forming and welding.
  • In the U.S. metal fabrication market report, we have discussed individual strategies, followed by company profiles of providers of peaking power plants. The ‘Competition Landscape’ section has been included in the report to provide readers with a dashboard view and company market share analysis of key players operating in the metal fabrication market in the U.S.

U.S. Metal Fabrication Market – Segmentation

TMR’s research study assesses the metal fabrication market in the U.S. on the basis of product, raw material, and end-use industry. This report presents extensive market dynamics and progressive trends associated with different segments, and how they are influencing the growth prospects of the metal fabrication market in the U.S.

Product
  • Metal Valve
  • Threaded Products
  • Machine Shops
  • Power Boiler & Heat Exchanger
  • Metal Tank
  • Metal Can & Container
  • Architectural & Structural Metal
  • Spring & Wire
  • Others (including Auto Part Makers and Cutlery)
Raw Material
  • Iron & Steel
  • Aluminum
  • Others (including Gold, Silver, Copper, and Magnesium)
End-use Industry
  • Construction
  • Automotive
  • Manufacturing
  • Energy & Power
  • Electronics
  • Others (including Military)
U.S. Metal Fabrication Market

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Frequently Asked Questions

What is the U.S. Metal Fabrication Market Size?

U.S. Metal Fabrication Market is expected to reach US$ 473.7 Bn By 2031

What is the CAGR for U.S. Metal Fabrication Market?

U.S. Metal Fabrication Market is estimated to rise at a CAGR of 2% during forecast period

What are the key factors driving the growth of U.S. Metal Fabrication Market?

Rise in investment in residential and non-residential buildings is estimated to drive the metal fabrication market in the U.S. during the forecast period

Who are the key players in the U.S. Metal Fabrication Market?

Prominent players operating in the metal fabrication market in the U.S. are Helander, O’Neal Manufacturing Services, BTD Manufacturing Inc., Kapco Metal Stamping, Ballman Metals, Schaumburg Specialties LLC, Mayville Engineering Company, Inc., Watson Engineering Inc., Miro Manufacturing, Inc., Standard Iron & Wire Works Inc., and Ironform.

What are the end-use industries in the U.S. Metal Fabrication Market?

Construction, Automotive, Manufacturing, Energy & Power, Electronics are the end-use industries in the U.S. Metal Fabrication Market

1. Executive Summary

    1.1. Market Outlook

    1.2. Key Facts and Figures

    1.3. Key Trends

2. Market Overview

    2.1. Market Segmentation

    2.2. Market Indicators

3. Market Dynamics

    3.1. Drivers and Restraints Snapshot Analysis

            3.1.1.1. Drivers

            3.1.1.2. Restraints

            3.1.1.3. Opportunities

    3.2. Porter’s Five Forces Analysis

        3.2.1. Threat of Substitutes

        3.2.2. Bargaining Power of Buyers

        3.2.3. Bargaining Power of Suppliers

        3.2.4. Threat of New Entrants

        3.2.5. Degree of Competition

    3.3. Regulatory Scenario

    3.4. Value Chain Analysis

4. COVID-19 Impact Analysis

5. U.S. Metal Fabrication Market Value (US$ Bn) Analysis, by Product

    5.1. Key Findings and Introduction

    5.2. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Product, 2020-2031

        5.2.1. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Metal Valve, 2020-2031

        5.2.2. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Threaded Products, 2020-2031

        5.2.3. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Machine Shops, 2020-2031

        5.2.4. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Power Boiler & Heat Exchanger, 2020-2031

        5.2.5. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Metal Tank, 2020-2031

        5.2.6. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Metal Can & Container, 2020-2031

        5.2.7. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Architectural & Structural Metal, 2020-2031

        5.2.8. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Spring & Wire, 2020-2031

        5.2.9. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Others, 2020-2031

    5.3. U.S. Metal Fabrication Market Attractiveness Analysis, by Product

6. U.S. Metal Fabrication Market Value (US$ Bn) Analysis, by Raw Material

    6.1. Key Findings and Introduction

    6.2. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Raw Material, 2020-2031

        6.2.1. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Iron & Steel, 2020-2031

        6.2.2. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Aluminum, 2020-2031

        6.2.3. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Others 2020-2031

    6.3. U.S. Metal Fabrication Market Attractiveness Analysis, by Raw Material

7. U.S. Metal Fabrication Market Value (US$ Bn) Analysis, by End-use Industry

    7.1. Key Findings and Introduction

    7.2. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by End-use Industry, 2020-2031

        7.2.1. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Construction, 2020-2031

        7.2.2. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Automotive, 2020-2031

        7.2.3. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Manufacturing, 2020-2031

        7.2.4. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Energy & Power, 2020-2031

        7.2.5. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Electronics, 2020-2031

        7.2.6. U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Others, 2020-2031

    7.3. U.S. Metal Fabrication Market Attractiveness Analysis, by End-use Industry

8. Competition Landscape

    8.1. Competition Matrix

    8.2. Global Metal Fabrication Market Share Analysis, by Company (2020)

    8.3. Market Footprint Analysis

    8.4. Company Profiles

        8.4.1. Helander

            8.4.1.1. Company Details

            8.4.1.2. Company Description

            8.4.1.3. Business Overview

        8.4.2. O’Neal Manufacturing Services 

            8.4.2.1. Company Details

            8.4.2.2. Company Description

            8.4.2.3. Business Overview 

            8.4.2.4. Strategic Overview

        8.4.3. BTD Manufacturing Inc.

            8.4.3.1. Company Details

            8.4.3.2. Company Description

            8.4.3.3. Business Overview 

            8.4.3.4. Strategic Overview

        8.4.4. Kapco Metal Stamping

            8.4.4.1. Company Details

            8.4.4.2. Company Description

            8.4.4.3. Business Overview

        8.4.5. Ballman Metals

            8.4.5.1. Company Details

            8.4.5.2. Company Description

            8.4.5.3. Business Overview

        8.4.6. Schaumburg Specialties LLC

            8.4.6.1. Company Details

            8.4.6.2. Company Description

            8.4.6.3. Business Overview 

        8.4.7. Mayville Engineering Company, Inc.

            8.4.7.1. Company Details

            8.4.7.2. Company Description

            8.4.7.3. Business Overview

            8.4.7.4. Financial Details

            8.4.7.5. Strategic Overview

        8.4.8. Watson Engineering Inc.

            8.4.8.1. Company Details

            8.4.8.2. Company Description

            8.4.8.3. Business Overview

        8.4.9. Miro Manufacturing, Inc.

            8.4.9.1. Company Details

            8.4.9.2. Company Description

            8.4.9.3. Business Overview

            8.4.9.4. Strategic Overview

        8.4.10. Standard Iron & Wire Works Inc.

            8.4.10.1. Company Details

            8.4.10.2. Company Description

            8.4.10.3. Business Overview

        8.4.11. Ironform

            8.4.11.1. Company Details

            8.4.11.2. Company Description

            8.4.11.3. Business Overview

9. Primary Research – Key Insights

10. Appendix

    10.1. Research Methodology and Assumptions

List of Tables

Table 01: List of Metal Fabricators

Table 02: U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Product, 2020–2031

Table 03: U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by Raw Material, 2020–2031

Table 04: U.S. Metal Fabrication Market Value (US$ Bn) Forecast, by End-use Industry, 2020–2031

List of Figures

Figure 01: U.S. Metal Fabrication Market Value Share Analysis, by Product

Figure 02: U.S. Metal Fabrication Market Attractiveness Analysis, by Product

Figure 03: U.S. Metal Fabrication Market Value Share Analysis, by Raw Material

Figure 04: U.S. Metal Fabrication Market Attractiveness Analysis, by Raw Material

Figure 05: U.S. Metal Fabrication Market Value Share Analysis, by End-use Industry

Figure 06: U.S. Metal Fabrication Market Attractiveness Analysis, by End-use Industry

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