Global Metal Fabrication Equipment Market, By Type (Machining, Cutting, Welding, Forming, Others), B

Published Date: | Report Code : EQ1958465

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The Metal Fabrication Equipment Market is expected to promise high growth owing to increase rapid growth industry and rising demand from automobile industry in the recent years. Increasing demand from Applications including Residential, Commercial, Industrial is expected to drive the growth of metal fabrication equipment market. This market has witnessed number of key developments by major companies including Jet Edge, Inc., Jenoptik AG, Messer Cutting, Defiance Metal Products, DMG Mori with focus on organic as well as inorganic growth strategies.  Developing regions including Asia Pacific and Middle East have been among the high potential markets with high growth in some of the key economies.

Metal manufacturing is the development of metal structures through procedures of cutting, bending and assembly. It is a process of value-added involving the development of machines, components constructions from different raw materials. A fabricated product can be called a fabrication. The industry is experiencing fast changes with technological advances, such as IoT and automation. It is very important for metal fabrication machinery to operate at its best to have optimum productivity of these sectors.

Segment Analysis:

The global metal fabrication equipment market is segmented based on the type, application and end user industry. By type, this market is split into machining, cutting, welding, forming, and others. Based on the end user industry, The global metal fabrication equipment market is divided into oil & gas, power plants, Oil & Gas, Power Plants, automotive & aviation, construction, and others. The automotive segment is expected to high demand in this market because of the rapid growth automotive industry and wide use of the fabricated product. The global metal fabrication equipment market is anticipated to boom in the Asia Pacific region because of major developments in technology in the automotive industry. The players on the metal manufacturing equipment market can leverage maximum opportunities and increase their profit quotient as a result of this exceptional growth.

Key Factors Impacting Market Growth:

  • Rapid growth industry and rising demand from automobile industry

  • Wide use of various applications in multiple manufacturing industries

  • Technological advancements such as 3D printing and automation

Regional Analysis:

Major regions for metal fabrication equipment market are estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for metal fabrication equipment owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions. Major industries in these regions are estimated to be oil & gas, power plants, automotive & aviation, construction, and others. These industries have an established base resulting in stable market demand. Moreover, most of these industries have been witnessing transition in terms of product development and production methods. These factors are expected to drive the demand for metal fabrication equipment market in the North America and Western Europe region. Major markets by country in these regions include US, Germany, France, UK, Canada, Spain, and others.

Asia Pacific and Middle East region has witnessed tremendous growth of the industrial sector in recent years. Major companies operating in this market have made strategic developments to improve market presence in these regions. In addition to this, some of the fastest-growing economies including China and India have been major markets for various end-use industries including building & construction, automotive, healthcare, manufacturing, and so on. Among these industries, oil & gas, power plants, automotive & aviation, construction, and others are estimated to register high demand for metal fabrication equipment market during the forecast period. On the other hand, Middle East region has witnessed diversification in terms of industrial outlook in recent decades. UAE, Saudi Arabia, Qatar, and others have been instrumental in promoting development of various industries including building & construction, pharmaceuticals, automotive, and so on. This is expected to drive the growth of metal fabrication equipment market directly or indirectly in the region. Eastern Europe consisting of Russia and Turkey promises a stable demand for metal fabrication equipment market during the forecast period. Rest of the World including South America and Africa are estimated to be a developing market with strong potential in strategic future.

Companies Covered: Jet Edge, Inc., Jenoptik AG, Messer Cutting, Defiance Metal Products, DMG Mori, Fabtech Pvt Ltd., Interplex Holdings Pvt. Ltd., Atlas and IPG Photonics...

Market Segmentation:

By Type:

  • Machining

  • Cutting

  • Welding

  • Forming

  • Others

By Application:

  • Residential

  • Commercial

  • Industrial

By End User Industry:

  • Oil & Gas

  • Power Plants

  • Automotive & Aviation

  • Construction

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Type

    • By Application

    • By End User Industry

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Type

    • By Application

    • By End User Industry

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Type

    • By Application

    • By End User Industry

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Type

    • By Application

    • By End User Industry

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Type

    • By Application

    • By End User Industry

  • Rest of the World

    • By Region (South America, Africa)

    • By Type

    • By Application

    • By End User Industry

Reasons To Buy This Report:

  • Market size estimation of the global metal fabrication equipment market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

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