Fabricated Metal Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Fabricated Metal Products Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Report Digest
Fabricated Metal Products Market Introduction
Metal fabrication is a process followed to give metal a particular shape and turn it into various types of end products depending on the end-use applications of fabricated metal products. Various modern techniques can be employed in metal fabrication processes to manufacture various types of fabricated metal products, such as metal cans, shipping containers, structural metal parts, forgings & stampings, screws & bolts, ordnance accessories, cutlery, hand tools, and other fabricated metal products used in various types of hardware.
Fabricated Metal Products Market – Notable Developments
- Ball Corporation – a multinational company in the fabricated metal products market – announced in December 2018 that it has entered an agreement for the sale of its metal beverage packaging facilities in Beijing, Foshan, Hubei and Qingdao, China. ORG Technology Co. Ltd. – a Chinese metal packaging company – will be purchasing Ball’s beverage can facilities in China for approximately $225 million. The company announced that it is taking this step to free up capital that does not generate satisfactory returns and ultimately to reach the goals of free cash flow in excess of $1 billion and $2 billion of comparable Earnings before interest, tax, depreciation and amortization (EBITDA).
- Schaeffler Technologies AG & Co. KG – a German manufacturer of rolling element bearings and leading player in the fabricated metal products market – signed an agreement to acquire a German company that manufactures stators and alternators – Elmotec Statomat Holding GmbH, in November 2018. Schaeffler is implementing the company’s strategy to focus on electric mobility with the acquisition and aims to expand its knowledge and expertise in the high-volume construction of electric motors.
- Commercial Metals Company – another leading player in the fabricated metal products market, based in the United States (U.S.) – announced in November 2018, that it has acquired 33 rebar fabrication facilities in the North American region from Gerdau S.A. – a Brazilian steel production company – for a cash purchase price of $600 million. With this acquisition, the company aims to improve its geographical footprint and operational flexibility to establish a stronger position in the fabricated metal products market as a leading provider of wire rod products.
- Nucor Corporation – an American producer of fabricated metal products including steel products – announced in January 2019 that it will be investing nearly US$ 1.35 billion in building a new plate mill in the U.S. capable of producing 1.2 million tons per year of steel plate products. The company also announced that the investment is aimed at its long-term profitable growth strategy that mainly focuses on expanding its production of value-added fabricated metal products in the upcoming years.
In September 2018, the company announced the approval of an US$ 650 million investment in expanding the flat-rolled sheet steel mill in Kentucky, to ultimately double the production from 1.6 million tons to 3 million tons per year. This investment complements the company’s recent investment of over US$ 176 million for constructing a pickle galvanizing line at Nucor Steel Gallatin, which is likely to begin producing around 500 thousand tons per year of galvanized hot band steel in the first half of 2019.
Some of the most prominent competitors operating in the competitive landscape of global fabricated metal products market include –
- Ball Corporation
- Schaeffler Technologies AG & Co. KG
- Commercial Metals Company
- Nucor Corporation
- Timken Company
- Mueller Industries
- Flowserve
- Toyo Seiken
- Snap-on
Fabricated Metal Products Market Dynamics
Flourishing Growth of the Metal Fabrication Industry to Drive Growth of the Fabricated Metal Products Market
The demand for fabricated metal products and overall growth prospects of the metal fabrication industry mainly depend on economic growth to thrive and its impact on other industrial sectors. Post the Great Recession, the global economic landscape has recalibrated itself, creating positive growth environment for various industrial sectors, including the fabricated metal products market.
Current modifications in business models of various industries include a major shift from depending on a few large projects to procure yearly profits to maintaining steady sales volumes by diversifying products. This has continued to boost growth of the metal fabrication industry. Thereby, improving growth prospects of the metal fabrication industry with the recovering global economy is expected to provide an impetus to growth of the fabricated metal products market.
A Palpable Shift from Fabricated Metal Products to Lightweight Plastics will Hamper Fabricated Metal Products Market
The lightweighting trend is spreading fast across a wide range of industrial sectors, which is bringing in some huge transformations in the raw materials used in various end-use applications. Most industry players are replacing heavy weight fabricated metal products with lightweight alternatives, such as components made of plastic. The automotive industry and the aerospace industry are among the leading end-use industries that have amassed the lightweighting trend by spurning fabricated metal parts with plastics. Thereby, increasing popularity of the lightweighting trend is likely to impede growth of and developments in the fabricated metal products market in the upcoming year.
Fabricated Metal Products Market Segmentation
Based on product types, the fabricated metal products market is segmented into
- Metal Cans and Shipping Containers
- Fabricated Structural Metal Products
- Metal Forgings and Stampings
- Plumbing and Heating
- Screw Machine Products and Bolts
- Ordnance Accessories and n.e.c
- Metal Services and n.e.c.
- Cutlery, Hand tools, and Hardware
- Miscellaneous Fabricated Metal Products
- Other
Based on the end-use industries, the fabricated metal products market is segmented into
- Container Industry
- Construction Industry
- Transportation Industry
- Electric Industry
- Industrial Manufacturing Industry
- Machinery and Equipment Industry
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
- Current and Future Threats
- Accurate Trend Analysis
- Regional Assessment
- Industrial Analogy
- COVID-19 Impact
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Regional Assessment
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
Industrial Analogy
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
COVID-19 Impact
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
- What are the diverse growth parameters influencing the market?
- Which regions will contribute largely to the growth of the market
- What are the recent innovations and technological advancements in the market?
- What are the emerging trends across the market?
- How has COVID-19 affected the market?
- What will be the post-pandemic scenario of the market?
- What are the major threats that will dent the growth prospects of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report