INDUSTRY NEWS
Global sheet-metal fabrication services
According to a new report on ResearchandMarkets , the global market for sheet-metal fabrication services , estimated at US $ 14.8 billion in the year 2020 , is projected to reach a revised size of US $ 17.7 billion by 2027 , growing at a CAGR of 2.6 % from 2020-2027 .
Steel , one of the segments analysed in the report , is projected to record a 3 % CAGR and reach US $ 7.7 billion by the end of the analysis period . Taking into account ongoing postpandemic recovery , growth in the aluminium segment has been readjusted to a revised 2.5 % CAGR for the next seven-year period .
“ The sheet-metal fabrication services market in the U . S . is estimated at US $ 2.6 billion in the year 2020 . China , the world ’ s second largest economy , is forecast to reach a projected market size of US $ 6.2 billion by the year 2027 , trailing a CAGR of 3.4 % over the period 2020 to 2027 ,” said the report .
“ Among other noteworthy geographic
Image : Shutterstock . com .
markets are Japan and Canada , each forecast to grow at 1.5 % and 2 % respectively over the 2020-2027 period . Within Europe , Germany is forecast to grow at approximately 1.8 % CAGR . Led by countries such as Australia , India and South Korea , the market in Asia-Pacific is forecast to reach US $ 1.8 billion by the year 2027 ,” it added .
In the global ‘ Other Materials ’ segment , the USA ; Canada ; Japan ; China and Europe are expected to drive the 1.9 % CAGR estimated for this segment . According to the report , these regional markets ( accounting for a combined market size of US $ 2.3 billion in the year 2020 ) will reach a projected size of US $ 2.6 billion by the end of the analysis period .
“ China will remain among the fastest growing in this cluster of regional markets . Latin America will expand at a 2 % CAGR throughout the analysis period ,” continued the report .
REPORT
Don ’ t miss Global Industrie in 2023
From 7-10 March 2023 , Global Industrie will once again take place in Lyon as a French showcase for industrial innovation with more new developments and solutions .
“ Global Industrie brings together all industry players in one place . Divided into 15 zones , specialising in fields such as digitalisation and automation ; electronics ; additive manufacturing & 3D printing ; measurement ; robotics ; energy and sustainable development ( to name a few ), our 2,300 exhibitors can be relied on to be at this large international gathering ,” the show organiser commented .
“ Global Industrie will be honoured to host not only the Chambers of Commerce and Industry of Bourgogne Franche-Comté and Seine-et-Marne and CCI France Internationale ( Union of French CCIs abroad ) but also the Auvergne-Rhône-Alpes Pavilion ; Aveiro
Regional Industrial Association ( Portugal ) and AIMMAP ( Associação Dos Industriais Metalúrgicos Metalomecânicos E Afins De Portugal ),” it added .
The Global Industrie awards will honour new exhibitor innovations . The show ’ s priority in 2023 , the organiser told ISMR , will be “ to provide concrete answers to the contemporary needs of its players .” Concrete solutions could include innovations developed by companies , new ideas from overseas or aid and support schemes offered by the state and local authorities ( whether reshoring ; job creation ; the environmental transition ; regions or industry appeal to young people ).
“ This Lyon edition will be a genuine platform [ to showcase ] the efforts of manufacturers battling ever more inventively against the crisis gripping Europe , and will answer the huge question : how can we respond to such a complex international situation whose repercussions directly affect French production chains ?” it explained .
“ At a time when everyone is facing growing problems every day , Global Industrie is committed to supporting manufacturers and will offer numerous avenues for industry to emerge stronger . The industry is mobilising . The industrial sector responded , from the start of the COVID-19 crisis and supported the national production effort , just as it responded to the recovery plan presented by the French government in the process . Its actors , all sectors combined , have also been invested in innovation for many years to meet the challenges of tomorrow ,” it concluded . n
12 | ismr . net | ISMR December 2022 / January 2023