Sheet Metal Fabrication Services Market is Set To Record Exponential Growth By 2018 - 2026
According to a new market report published by Transparency Market Research titled “Sheet Metal Fabrication Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018 – 2026,” the global sheet metal fabrication services market is expected to reach US$ 4.4 Bn by 2026, expanding at a CAGR of 1.7% from 2018 to 2026. North America held the highest market share in the sheet metal fabrication services market in 2017. The sheet metal fabrication services market is witnessing steady growth due to the increased demand from aerospace and aviation industries. Growth in the commercial airlines and defense aircrafts market will drive the sheet metal fabrication services market in the coming years. Demand for advanced technologies in the defense industry will create a favorable environment for the growth of this market in the near future. The low-interest rates and low fuel prices were identified as key factors that are responsible for the g...