The global metal fabrication equipment market size is expected to be worth around US$ 150.6 billion by 2030, according to a new report by Vision Research Reports.
The global metal fabrication equipment market size was valued at US$ 70.3 billion in 2020 and is anticipated to grow at a CAGR of 5.9% during forecast period 2021 to 2030.
|Market Size||US$ 150.6 Bn by 2030|
|Growth Rate||CAGR of 5.9% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Type, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Amada Corporation, TRUMPF, and Bystronic Laser AG, Jenoptik AG; IPG Photonics; Jet Edge, Inc.; and Messer Cutting|
The demand for metal fabrication equipment is dominated by applications such as job shops, automotive, and ancillary industries among others. The automotive industry, under continuous evolution in terms of technology and materials used, is a major application segment for the advanced state-of-the-art equipment. Changing technological and raw material requirements are a result of increased stringency of emission and safety norms imposed by governments across the globe.
Increasing demand for machining and metal processing in the developing countries is expected to drive the market. Asia Pacific is expected to lead the market over the forecast period.
By Type Analysis
The metal cutting equipment segment was held the highest revenue share of the market in 2020. It is expected to expand at a CAGR of 4.08% over the forecast period. Increasing demand from end-use industries such as automotive is expected to be a key factor driving the growth.
Machining equipment is also anticipated to register high demand across the verticals ranging from job shop to automotive to mechanical applications. The Asia Pacific machining equipment market is expected to expand at a CAGR of 5.23% over the forecast period.
By Application Analysis
The market for automotive applications is expected to reach USD 21.27 billion by 2030. The automotive industry is one of the largest demand generators owing to the continuously evolving designs and material combinations in the automobile manufacturing.
The aerospace and defense segment has the extensive utility of these equipment. The industry extensively requires fabricated metal sheets. The machines used in these sectors incorporate state-of-the-art technologies to maintain high precision and quality, as the industry outputs high value types.
By Regional Analysis
Asia Pacific is estimated to be valued at USD 35.06 billion in 2030 holding the majority of the market share. Developing economies such as India, China, and Indonesia among others coupled with industrialized nations such as Japan and South Korea help the region dominate the manufacturing industry in terms of demand along with the demand for metal fabrication equipment.
Europe is the second-largest market for metal fabricated equipment. The industrialized nations such as Germany, France, and Italy among others are expected to fuel the demand in near future.
Amada Corporation, TRUMPF, and Bystronic Laser AG, Jenoptik AG; IPG Photonics; Jet Edge, Inc.; and Messer Cutting
Aerospace & Defense
The Metal Fabrication Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Metal Fabrication Equipment market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Metal Fabrication Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Metal Fabrication Equipment market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Metal Fabrication Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Metal Fabrication Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Metal Fabrication Equipment by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Metal Fabrication Equipment market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Metal Fabrication Equipment market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Metal Fabrication Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Metal Fabrication Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Metal Fabrication Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Metal Fabrication Equipment market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Metal Fabrication Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Metal Fabrication Equipment market. These factors have benefited the growth of the global market for Metal Fabrication Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Metal Fabrication Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Metal Fabrication Equipment are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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