According to a recently published report by Research Nester on “Metal Fabrication Equipment Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the metal forming equipment in terms of market segmentation by equipment type, by application, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global metal fabrication equipment market is segmented by equipment type into machining, cutting, forming, welding, forming and others; by application into residential, commercial and industrial; by end-user into oil & gas, automotive & aviation, power plants, chemicals & mining, construction and others. The global metal fabrication equipment market is anticipated to record a significant CAGR over the forecast period i.e. 2019-2027.
Metal fabrication is referred as the method which includes building structures of metals by bending, cutting, and assembling. Metal fabrication is a value-added process used in the construction of machines and other structures from various raw materials. Various applications such as automotive, job shops and secondary ventures among others are escalating the demand for metal fabrication equipment.
Increasing application in various manufacturing industries
Rapid industrialization with the increasing consumption and demand for energy is further anticipated to drive the demand for fabrication equipment. Nevertheless, technological advancements and efforts to develop customized equipment is anticipated to create business avenues to the manufacturers in near future.
Aerospace and defense industries has extensive utility of these equipment and requires the fabricated metal sheets for manufacturing process. The machines used in these sectors incorporate state-of-the-art technologies to maintain high precision and quality. The exponential boom in the Unmanned Aerial Vehicle (UAV) manufacturing in the industry vertical has greatly and positively impacted the market and is expected to further fuel growth over the forecast period.
However, main concern regarding the metal fabrication equipment market is the availability of raw material and its price fluctuation, which acts as the restraining factor for the market’s growth.
Asia pacific region is anticipated to hold the major share in the market during the forecast period. The growth of metal fabrication equipment in the region is attributed to major infrastructural developments in countries like China and India. It is also projected to be the most promising region in the forecast period owing to the major technological developments in the automobile industry. Owing to this exceptional growth, the players of the metal fabrication equipment market can leverage maximum opportunities and increase their profit quotient.
Furthermore, Europe region is the second-largest market for metal fabrication equipment. Industrialized countries, such as Germany, France, and Italy, are expected to fuel the demand for the equipment in near future. Germany is expected to hold the largest share in the regional market, owing to the presence of huge automotive and ancillary industries, followed by Italy, and other markets, such as Switzerland and Russia.
This report also provides the existing competitive scenario of some of the key players of the metal forming equipment market which includes company profiling of Amada, Colfax, Kapco, Hindustan Machine Tools, Interplex Holdings Pvt. Ltd. and DMG Mori. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the metal forming equipment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.