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tmrFebruary 5, 2021 33
The global sheet metal fabrication services market is anticipated to expand at a CAGR of 1.7% during the forecast period 2018 to 2026. This is due to growing demand for ready to install fabrication products and components in several end-use industries such as industrial machinery, automotive, construction, and others. Sheet metal fabrication service providers are adopting prefabrication techniques to meet the increased demand. This is expected to contribute to the growth of the sheet metal fabrication services market.
Sheet metal fabrication services are an integral part of various end-use industries. With increased demand in the Asia Pacific region, manufacturers are shifting their base to this region which is boostingthe growth of the sheet metal fabrication services market in Asia Pacific.The market in Asia Pacific is expected to growat a CAGR of 2.3% over the forecast period.