ISMR December 2021/January 2022 | Page 6

GENERAL NEWS

Ford car factory at Imzit ( Shutterstock . com ).

Sheet metal fabrication market

The “ Sheet Metal Fabrication Services - Global
report , is projected to grow at a 3 % CAGR to
Market Trajectory and Analytics ” report was
reach US $ 7.7 billion by the end of the analysis
recently added to ResearchAndMarkets . com ’ s
period ( 2026 ). Growth in the Aluminium
portfolio . Amid the COVID-19 pandemic , the
segment is readjusted to a revised 2.5 % CAGR
global market for sheet metal fabrication
for the next seven-year period .
services is estimated at US $ 14.8 billion in
“ This segment currently accounts for
the year 2020 , according to the report . It is
a 38.9 % share of the global sheet metal
projected to reach a revised size of US $ 17.2-
fabrication services ’ market . Steel and
billion by 2026 , growing at a CAGR of 2.6 %
Aluminium are the most widely used metals
over the analysis period .
for sheet metal fabrication on account of
“ Growth in the global market is being
their durability , high strength and corrosionresistant
driven by rapid urbanisation in many
properties . Steel is poised to continue
developing regions , and a robust trend of
making strong gains in the market , given its
R & D investments in several services sectors .
importance as a preferred building material in
Increasing demand for sheet metal fabrication
large-scale construction projects ,” underlined
from a wide range of major end-users , such as
the report .
military & defence ; aerospace ; automotive ; oil
“ The sheet metal fabrication services market
and gas ; industrial machinery ; medical devices ;
in the U . S . is estimated at US $ 2.7 billion in the
construction ; agriculture ; consumer products
year 2021 . The country currently accounts for a
and electronics , is expected to drive growth ,”
17.78 % share in the global market . China , the
explained the report .
world ’ s second largest economy , is forecast to
“ The current focus on enhancing
reach an estimated market size of US $ 6 billion
operational efficiency and lean manufacturing
in the year 2026 , trailing a CAGR of 3.4 %
is contributing to increased demand for the
throughout the analysis period ,” it added .
process of sheet metal forming among OEMs .
Among other noteworthy geographic
Innovative prefabrication techniques adopted
markets are Japan and Canada , each forecast
by sheet metal fabrication service providers to
to grow at 1.5 % and 2 % respectively over the
meet growing demand are expected to further
analysis period . Within Europe , Germany is
drive growth . The increasing shortage of labour
forecast to grow at approximately 1.8 % CAGR
could be addressed by adopting cobots in
while the ‘ Rest of Europe Market ’ ( as defined
metal fabrication processes ,” it added .
in the study ) will reach US $ 6.2 billion by 2027 .
It highlighted the increasing number of metal
“ Due to growing demand in the Asia-Pacific
fabrication facilities which are adopting cobots
countries , a number of companies are shifting
to ‘ enhance operational efficiency and improve
their manufacturing base to this region and
product quality ’, and the growing use of CNC
this , in turn , is boosting the region`s sheet
machine tools for several applications including
metal fabrication services ’ market growth ,”
moulding and shaping .
concluded the report .
Steel , one of the segments analysed in the
For further details , see bit . ly / 3Ff6XFK n

Press line upgrades

Schuler has upgraded eight lines to produce electrical motor laminations at Siemens ’ Nuremberg plant in Germany . This involves three presses and five automatic notchers from Schuler and Müller Weingarten , which now feature a production monitor and a press force monitor . They can be used to continuously monitor the operating status and the press force curve of the machines , even remotely .
“ As the manufacturer of the presses , we have the necessary expertise to connect the machines to the Internet of Things ,” explained Rohitashwa Pant , Chief Digital Officer , Schuler . The data not only provides information about productivity in the press shop but can also indicate damage that may be imminent . Unplanned downtime is effectively avoided in this way . The data is transmitted via a secure connection to Schuler ’ s data centre , where it is processed and can be visualised in easyto-read graphics .
Siemens ’ machinery and equipment plant in Nuremberg produces drives that are used in mining and ships , among other applications .
Schuler offers technology in all areas of metalforming from networked presses to press shop planning . Its product portfolio also includes automation , dies , process expertise and service for the metalforming industry . Schuler ’ s Digital Suite brings together solutions for networking metalforming technology and is continuously being developed to further improve line productivity and availability . n
www
. schulergroup . com
Schuler has networked eight lines to produce electric motor laminations at Siemens ’ Nuremberg plant .
6 | sheetmetalplus . com | ISMR December 2021 / January 2022