The global metal fabrication equipment market is anticipated to grow at considerable CAGR around 3.9% over the forecast period and reach US$ 94.51 Bn by 2026. Metal fabrication is a method that includes making structures of metals by bending, cutting, and assembling. Metal creation is a procedure that incorporates the development of machines and various structures from different raw materials. Metal fabrication process also involves the creation of parts, machines and structures from various raw materials. Various applications such as automotive, job shops and secondary ventures among others are escalating the demand for metal fabrication equipments. Changing raw material necessities are an after effect of expanded stringency of security standards forced by governments over the globe. The report provides analysis of global metal fabrication equipment market for the period 2015-2026, wherein 2018 to 2026 is the forecast period and 2017 is considered as the base year.
Growth in the metal and manufacturing industry, rising R&D investment and growth in aviation and automobiles industries are some of the factors responsible for the growth of global metal fabrication equipment market globally. Continuously growing advancements in technology and growth in automotive and aviation industries are escalating the overall market growth. The introduction of favorable initiatives by several countries across the world is anticipated to enhance the demand for machine tools thereby growing the metal fabrication equipment market. Exponential growth in electric vehicle manufacturing is supplementing the demand for metal fabrication equipment. Moreover, growth in electrical equipment manufacturing is also fueling the growth of global metal fabrication equipment market. The trend of shifting of manufacturing industries to emerging countries is boosting the demand for metal fabrication equipment in manufacturing industry. The global metal fabrication equipment market may grow at a noteworthy rate, owing to increasing industrialization. However, lack of skilled workforce and issues with raw material availability may hinder the growth of metal fabrication equipment market globally.
Market by Type
Market by Application
Market by Geography
The market research study on “Metal Fabrication Equipment Market (By Type - Cutting, Machining, Welding, Bending, Others; By Application - Job Shops, Automotive, Aerospace & Defense, Mechanical, Application, Others)” offers a detailed insights on global metal fabrication equipment market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global metal fabrication equipment market by type, application and major geographic regions. The report also covers basic metal fabrication development policies. Secondly, the report covers global metal fabrication equipment market size and segment markets by type, application and geography along with the information on companies operating in the market.
The global Metal Fabrication Equipment market is characterized by the presence of experienced and established players. Some of the key players include BTD Manufacturing, Defiance Metal Products, Amada, Matcor Matsu Group Inc., Komaspect, Atlas Copco, Colfax, Kapco, DMG Mori, Fabtech Pvt Ltd., Hindustan Machine Tools, Interplex Holdings Pvt. Ltd., Standard Iron and Wire Works and Lancer Sandvik. Some of the prominent players are entering into strategic partnership in order to expand their product portfolio.