By 2021 it is expected that the market in the United States will reach billion and by 2026 it is expected that the market in China will reach billion from Gerald Bell's blog

According to industry projections, the sheet metal fabrication services market in the United States will grow to US$2.7 billion by 2021, from its current level of US$1.3 billion. At the time of publication of this article, it is estimated that the country has a 17.78% share of the total global market revenue. The market in China, the world's second-largest economy, is expected to reach US$6 billion in 2026, growing at a compound annual growth rate (CAGR) of 3.4% over the course of the study's five-year duration. In addition to the United States and Canada, there are two other noteworthy geographic markets to consider: Japan and Canada. Both of these markets are expected to grow at rates of 1.5% and 2%, respectively, over the course of the study period.

Based on projected growth rates, Germany's economy is expected to grow at a compound annual growth rate of approximately 1.8% over the next five years, according to estimates. According to the study, revenues in the rest of Europe (as defined in the study) are expected to reach US$6.2 billion by 2027. An increase in construction projects, as well as the region's strong aviation and defense industries, are among the factors driving the growth of the sheet metal fabrication market in North America. It is believed that the availability of readily available raw materials in the Asia-Pacific region, as well as the region's relatively low labor costs, have both contributed to the region's rapid growth in the manufacturing industry over the past few decades.

Companies are increasingly relocating their manufacturing operations to Asia-Pacific regions in response to a growing demand for  services in the region, according to a recent report. It is as a result of this that the demand for  services in the region is increasing more rapidly.

According to projections, the Bend Sheet (Form) segment is expected to generate $5.7 billion in revenue by 2026, representing a 12% increase over the current year.

This has been facilitated by the fact that bend sheet is widely used across a wide range of industries including manufacturing, automotive, construction, electronics and telecommunication, among others, which has contributed to the growth and development of the segment. The rapid urbanization trend that is taking place all over the world, as well as the increase in construction activities that has resulted as a result of this trend, are both positive indicators in this segment. As automation becomes more prevalent in the  industry, the process of bending and cutting sheet metal fabrication becomes more efficient and straightforward. Bend Sheet (Form) demand is expected to be driven primarily by the United States, Canada, Japan, China, and Europe over the forecast period. The global Bend Sheet (Form) market is expected to grow at a compound annual growth rate (CAGR) of 2.6% over this period.

Because of this, the combined market size of these regional markets, which is estimated to be US$3.9 billion in the year 2020, is expected to grow by the end of the analysis period to a projected market size of US$4.8 billion at the end of the analysis period. As one of the fastest growing markets in this group of regional markets, China is expected to maintain its position as one of the fastest growing markets in the foreseeable future. In contrast to the market in Asia-Pacific, which is expected to reach US$570.5 Million by 2026 (with countries such as Australia, India, and South Korea leading the way), the market in Latin America is expected to grow at a compound annual growth rate (CAGR) of 3.2% over the course of the investigation.