Metal Fabrication Market : North America is Expected to expand at a CAGR of over 4% during the forecast Period
The global metal fabrication market was valued at around US$ 17 Bn in 2017 and is anticipated to expand at a CAGR of over 3% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled ‘ Metal Fabrication – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.’ The global metal fabrication market is driven by rise in the demand from construction and automotive companies. The metal fabrication market in North America is expected to expand at a CAGR of over 4% during the forecast period. Rise in automation and technological upgrades are likely to propel the market in the region between 2018 and 2026. Automation in metal fabrication and diversified end-use industries to drive the metal fabrication market Robotics and automation tools are being increasingly used in the metal fabrication process. Automation is employed to increase efficiency and lower labor costs. Deployment of automated manufactur...