The economic environment of the world is shifting, but for those who embrace the change, this can create new opportunities. In particular, metal fabrication has experienced a surge of recent growth that’s unlikely to end anytime soon. Here are several trends that will impact the industry in the upcoming years.

5 Upcoming Trends That will Make a Difference in Metal Fabrication

1. 3D Printing

No longer just a hobby, 3D printing techniques are beginning to make inroads in the world of manufacturing. These processes can help companies improve their efficiency, and they also provide more options for customization. It will soon be more practical and financially feasible than ever to produce small orders of specialized parts.

2. Automation

Along with 3D printing, innovations in other manufacturing technologies help to streamline the processes, allowing companies to become more competitive and effective. This is unlikely to reduce the number of personnel jobs, however; growing demands in this industry will soon outpace the amount of skilled labor in the U.S., and automation will only partially help offset this.

3. Prices

The steel industry has enjoyed low operating costs in recent years, but this may soon change. President Trump’s tariffs on imported goods from locations like Canada may increase the prices of ores and raw materials. However, various innovations should help reduce other associated costs. Manufacturing continues to be a growing market and will likely remain so for years to come.

4. General Growth

Despite the rising prices of steel, the industries that are major consumers of fabricated metals are growing as well, including aerospace, defense, and agriculture. The global market for the metal fabrication industry was around $16 billion in 2015. Thanks to increased demand, it should reach $24 billion by 2024, which means the connected jobs should be safe for years to come.

5. Reshoring

Many American countries once relied on the workforce in Asia for their labor, but that is starting to change. Average wages in Asia are on the rise, which means that some businesses are bringing their manufacturing needs back to American shores. This will create more job openings in the coming years.

If you need a skilled company to perform metal fabrication jobs, portable welding, machine repair, and more, C & C Machine Inc in La Crosse, WI, is the best group to meet your needs. With the equipment and trained staff to accomplish a variety of work tasks, they are the oldest and most reliable fabrication shop in their area. Learn more today by visiting them online or calling (608) 784-4427.