세계 금속 가공 제품 시장 규모는 2025-2032년의 예측 기간 동안 4.91%의 연평균 복합 성장률(CAGR)로 2024년 260억 4,000만 달러에서 2032년에는 385억 달러로 확대될 것으로 예상됩니다. 금속 가공 제품 시장은 최근 몇 년 동안 괄목할 만한 성장세를 보이고 있으며, 건설 및 자동차 산업 수요 증가와 환경 규제 강화로 인해 예측 기간 동안에도 확대될 것으로 예상됩니다. 신흥국들은 급속한 산업화와 도시화를 보이고 있으며, 이는 시장에서 고품질 금속 가공 제품에 대한 수요를 증가시키고 있습니다. 맞춤형 제품에 대한 수요 증가는 특히 건설 및 인프라 개발 분야에서 금속 가공 제품에 대한 수요를 크게 증가시키는 데 기여하고 있습니다. 자동화 및 로봇화를 포함한 제조 기술의 발전은 생산 효율성과 비용 절감을 실현하여 시장 성장을 더욱 가속화하고 있습니다. 또한, 기업들은 금속 가공 제품 생산 기술을 시장에 도입하고 있습니다.
예를 들어, 2024년 4월, Siemens AG Digital Industries Software는 AMAZEMET Sp. z o. o.가 패브리케이터 제품의 제조 공정을 관리하기 위해 산업용 소프트웨어인 지멘스 Xcelerator 포트폴리오의 솔루션을 채택했다고 발표했습니다. 이 움직임은 금속 적층 가공 재료와 필요한 후처리를 위한 폐쇄형 루프 생산 체인을 구축하는 것을 목표로 하고 있습니다.
자동차, 항공우주, 건설과 같은 다른 주요 최종 사용 산업이 크게 성장하고 있으며, 금속 가공 제품에 대한 수요를 창출하고 있습니다. 또한, 저공해 내연기관 자동차에 대한 수요 증가는 시장에서 금속 가공 제품에 대한 수요 증가에 기여할 수 있습니다. 또한, 자동차의 안전 및 편의 기능에 대한 소비자 지출이 증가함에 따라 자동차의 전동화 추세와 고급 자동차 증가는 세계 금속 가공품 시장의 성장을 가속할 것으로 예상됩니다. 또한, 엄격한 환경 규제와 지속 가능한 관행에 대한 관심이 높아짐에 따라 제조업체들은 환경 친화적인 제품을 설계하도록 압력을 가하고 있으며, 그 결과 전 세계 금속 가공 제품 시장이 더욱 성장할 수 있는 길을 열어주고 있습니다.
세계의 금속 가공 제품 시장에 대해 조사했으며, 시장 개요와 함께 금속 유형별, 제조 공정별, 최종 이용 산업별, 지역별 동향, 시장 진출 기업 프로파일 등의 정보를 전해드립니다.
Global fabricated metal products market is projected to witness a CAGR of 4.91% during the forecast period 2025-2032, growing from USD 26.04 billion in 2024 to USD 38.50 billion in 2032. The fabricated metal products market has experienced significant growth in recent years, and it is anticipated to scale up in the forecasting years owing to the rising demand in the construction and automotive industries and growing environmental regulations. Emerging economies exhibit fast industrialization and urbanization which is boosting the demand for high-quality fabricated metal products in the market. Rising demand for customized products contributes to significant growth in demand for fabricated metal products, particularly in construction and infrastructure development. Improved manufacturing technologies include automation and robotics, making production more efficient and reducing cost, further accelerating market growth. Moreover, companies are adopting technologies for the production of fabricated metal products in the market.
For instance, in April 2024, Siemens AG Digital Industries Software announced that AMAZEMET Sp. z o. o. [Ltd.] has adopted solutions from the Siemens Xcelerator portfolio of industry software for managing the process of manufacturing fabricator products. This move aims to establish a closed-loop production chain for metal additive manufacturing materials and the necessary post-processing.
Other substantial end-use industries, such as automotive, aerospace, and construction, are growing considerably, creating demand for fabricated metal products. Moreover, rising demand for low-emission ICE vehicles may contribute to the rise in the demand for fabricated metal products in the market. Furthermore, as consumer expenditure rises on the safety and comfort features of automobiles, increasing trends for the electrification of automobiles together with a rise in premium vehicles will spur growth in the global fabricated metal products market. Additionally, stringent environmental regulations and growing concerns about sustainable practices are compelling manufacturers to design environmentally friendly products, thus paving the way for the further growth of the fabricated metal products market across the globe.
Rising Demand for Lightweight Material in Aerospace and Defense Industry Creating Market Growth
The aerospace industry is one of the major drivers of global fabricated metal products as the industry relies on high-performance metals like aluminum, titanium, and advanced alloys for aircraft and spacecraft components. Lightweight materials are critical for improving fuel efficiency and emissions, with titanium used in jet engines and airframes for its strength and heat resistance and aluminum in aircraft bodies for its lightweight and corrosion-resistant properties. Furthermore, the growing demand for commercial aircraft, driven by rising air travel, and defense sector investments in modernizing military systems are fueling the need.
The lightweight material has high strength-to-weight ratios, durability, and resistance to extreme conditions which drive the demand for fabricated metal products in the market. Additionally, advancements in material science and manufacturing techniques, such as additive manufacturing (3D printing), have enabled the production of complex, lightweight components with greater precision and reduced waste. The rising reliance of the aerospace industry on lightweight materials is fostering the demand for high-quality products in the metal fabrication market. Manufacturers are looking to adopt advanced composite materials which help to lower the cost of manufacturing. The fabricated metal products could include different alloys in the composition which result in a significant increase in strength without compromising weight.
For instance, in July 2024, Bright Laser Technologies (BLT) introduced two new additive manufacturing materials named BLT-AlAM500 and BLT-Ti65 for the development of 3D printing applications in aerospace. This development highlights that companies are investing in innovative materials which drive the demand for fabricated metal products in the market.
Technological Advancements Creating Market Opportunities
Technological advancement is the key driver for the market growth of global fabricated metal products, promoting efficiency, accuracy, and sustainability in the entire manufacturing process. The most salient development made so far, among the plethora of technological progressions, is laser cutting technology. Technology provides increased cutting velocities and can accurately cut through significantly thicker materials. This saves production time, and reduces waste, aligning with sustainable manufacturing practices. Automation and robotics are the second point of major contribution. The flow of the tasks has become simpler through automated processes that undertake repetitive tasks such as welding, cutting, and even material handling as efficiency improves with reducing human errors. Further, the Internet of Things (IoT) and big data analytics are resulting in the rise of smart manufacturing approaches. Real-time monitoring of equipment can predict maintenance requirements and optimize schedules to minimize downtime and reduce the operational costs associated with the fabricated metal products industry. As the global fabricated metal products market evolves, the companies will have a significant competitive advantage by embracing these innovations.
For instance, in November 2024, AMAZEMET Sp. z o. o. is set to unveil its innovative Powder2Powder (P2P) atomization system at Formnext 2024. This P2P system offers a flexible approach to recycling metal powders and producing custom pre-alloy powders straight from powder feedstock.
Dominance of Steel in Global Fabricated Metal Products Market
Steel continues to hold the market for fabricated metal products globally because of its strength and ability to be recycled. Construction growth propels the steel demand, along with its extensive usage in structural applications such as beams, trusses, and reinforcement. Increasing investments in infrastructure development across emerging economies like China and India further strengthen the market position of steel. These countries are undertaking large-scale projects that require the use of fabricated steel products, thereby enhancing the overall demand. In addition, steel's sustainability attributes are recyclable and contribute to energy efficiency, aligning with the growing emphasis on environmentally friendly construction practices. Technological advancements in metal fabrication processes also support steel's dominance. Innovations in automated manufacturing systems and advanced welding techniques enhance the efficiency of production cost reduction, making steel an even more appealing option for manufacturers.
For instance, in November 2023, ArcelorMittal announced its entry into the additive manufacturing (AdM) market as a supplier of steel powder. The company is constructing an industrial-scale inert gas atomizer in Aviles, Spain, aimed at producing steel powders for various AdM technologies, including laser powder bed fusion (LPBF), binder jetting (BJ), and direct energy deposition (DED).
Asia-Pacific Dominates Global Fabricated Metal Products Share
Asia-Pacific is the biggest producer in the fabricated metal products market globally, due to rapid industrialization and urbanization happening across countries-China, India, and Japan; the demand for fabricated metal products is increasing across industries such as automobiles and construction. These countries have significant industrial activities due to government policies such as Make in India and Made in China 2025, which encourage manufacturing and infrastructure development. China is a large manufacturing country, with vast resources and a labor force, which allows it to cater to the increasing demands of industries such as electronics and automotive. Investments in infrastructure development in the region also drive the demand for fabricated metal products, as these materials are used in building projects and industrial applications. Manufacturing technologies in the area are improving in terms of productivity through automation and precision engineering, among others. This trend supports sustainability efforts, as it saves waste and lessens energy usage.
For instance, in July 2023, METAL CHINA 2023 took place successfully at the National Convention and Exhibition Center in Tianjin. This event showcased advancements in the foundry industry and featured thousands of exhibits from across the industry chain and nearly 1,000 renowned enterprises from more than 30 countries and regions.
Future Market Scenario (2025 - 2032F)
Rising industrialization and urbanization can fuel the growth of fabricated steel in residential and commercial buildings due to its viable cost and efficiency in reducing construction time.
Advancements in technology such as the implementation of automation and advanced manufacturing will enhance production capabilities and operational efficiencies across the industry.
Ongoing industrial activities and government initiatives aimed at boosting manufacturing.
Key Players Landscape and Outlook
The global fabricated metal market encompasses a wide variety of companies, which collectively promise a robust growth outlook. Major players in the industry are spearheading technological development and are also increasing their operation facilities to meet the growing demand for fabricated metal products in a range of sectors. Fabricated metal products market expansion is expected to occur due to various reasons, including the increased industrial demand, the innovation of technology, and the inclusion of sustainability goals. The use of technologies such as automation and additive manufacturing has enabled companies to enhance production capabilities, lowering costs and increasing efficiency. Furthermore, the trend toward customization is prompting manufacturers to adopt digitalization strategies, collaborations, mergers, and acquisitions to meet specific customer needs.
For instance, in June 2024, Cadrex Manufacturing Solutions decided to open a 150,000-square-foot facility in Mexico, adjacent to its other office park in Juarez. The addition provides Cadrex with 405,000 square feet of manufacturing space in Mexico, making it the largest operational location in the company. This development highlights that companies are investing to increase the production capacity which helps the company to increase the revenue and market share in the coming years.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.