As per this study the Global Metal Fabrication Equipment Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Metal fabrication is a process of cutting, bending, machining, welding, and assembling techniques which involves the creation of machine parts and structures from different raw materials. The equipment used for such process is known as metal fabrication equipment. Equipment such as band saws, drill presses, belt grinders, lathes, shop presses, and others are used for the metal fabrication process. Metal fabrication equipment finds application in automotive, aerospace & defense, mechanical applications, and other industries.
The increasing demand for metal fabrication equipment leading to the rapid industrialization along with the growing number of manufacturing sectors is stimulating the market of metal fabrication equipment. Moreover, increasing applications in automotive, and aerospace & defense sector such as fabricated metal sheets are further fueling the market demand. However, the high cost of raw materials is likely to impede the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of metal fabrication equipment.
The broad metal fabrication equipment market has been sub-grouped into type, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Job Shops
- Aerospace & Defense
- Mechanical applications
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for metal fabrication equipment in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Metal Fabrication Equipment Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the metal fabrication equipment market include AMADA Corporation, Bystronic Laser AG, Colfax Corporation, IPG Photonics, Jenoptik AG, Jet Edge INC., Messer Cutting, Omax Corporation, TRUMPF. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.