The Metal Fab Industry Continues to Grow
The metal fabrication industry is poised for significant growth in 2024, despite the pandemic’s impact on global supply chains and economic activity.
The demand for contracted metal products from OEMs has remained strong, and there are several factors driving this continued growth. These include the increasing demand for manufactured goods, the growing popularity of 3D printing and additive manufacturing, the need for new and innovative products, and the demand for more sustainable products. Additionally, lightweight materials are becoming more popular in the aerospace and automotive industries, while the construction industry is seeking more energy-efficient building materials.
Automation and robotics are also being adopted to improve efficiency and safety in the manufacturing process. Finally, sustainable manufacturing practices and Industry 4.0, the integration of advanced technologies into the manufacturing process, are expected to continue to drive growth in the metal fabrication industry in 2024.