About Sheet Metal Fabrication Machines
Sheet metal fabrication is the process that is used to manipulate materials to create a component that will be used in an end product. It involves a material being cut, formed and finished. Sheet metal fabrication is used in every sort of manufacturing field, such as in aerospace, automotive, communication, computer, construction, electronics, food processing and storage, military, and pharmaceuticals. Essentially, anything that is constructed out of or contains metal will have gone through these processes. Sheet metal fabricators may perform sheet metal fabrication manually or with the guidance of a computer-operated (CNC) machine.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Sheet Metal Fabrication Machines market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amada (Japan), TRUMPF (Germany), Dalian Machine Tool Group (China), DMG Mori (Japan), U.S. Industrial Machinery (United States), Allied Machine & Engineering (United States), FANUC (Japan), Haas Automation (United States), Hardinge Inc. (United States) and Sandvik (Sweden) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Doosan Infracore (South Korea), Perfect Laser Co., Ltd. (China), ZINSER GmbH (Germany), Jinan Bodor CNC machine CO., LTD. (China) and Peter Prinzing GmbH (GmbH).
Segmentation Overview
AMA Research has segmented the market of Global Sheet Metal Fabrication Machines market by , Application (Industrial, Commercial and Others) and Region.
On the basis of geography, the market of Sheet Metal Fabrication Machines has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Function, the sub-segment i.e. Cutting will boost the Sheet Metal Fabrication Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Control Type, the sub-segment i.e. Manual will boost the Sheet Metal Fabrication Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Laser will boost the Sheet Metal Fabrication Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Aerospace and Defense will boost the Sheet Metal Fabrication Machines market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On January 14, 2020, Sandvik has completed the acquisition of Summerill Tube Corporation, a manufacturer of high precision tubes.
Recently, FANUC, the specialist in CNC controls, robots and intelligent machines, has announced that it will invest another 100 million euros over the next three years to expand new facilities in more than ten European locations. FANUC continues to strengthen its sales and service network in Europe.
To ensure a precise manufacturing process and a quality product, most custom metal fabrication vendors are in compliance with the International Organization for Standardization (ISO), a body of representatives from industries around the world who establish, publish and distribute regulatory guidelines.
Market Drivers
- Growing Industrialization coupled with rapid urbanization and increasing demand from the manufacturing and automotive industry is the key driving factor for the growth of the market.
- Increasing Demand for Fabricated Metal Parts from Major End-User Industries
Opportunities
- The manufacturing industry has been revolutionized since its introduction to automation. Manufacturing machines that have the benefit of automation allow for shorter lead times, more accuracy, and better pricing.
- High Investment in Performance Machinery owing to High Accuracy and Precision
Restraints
- High Cost of the Machines owing to Latest Technologies
- Lack of Skilled and Trained Workforce
Challenges
- Huge Investment required in Innovations and Research
Key Target Audience
Sheet Metal Fabrication Machine Manufacturers, Raw Material Suppliers, Construction and Manufacturing Companies, Traders/Exporters/Importers and Industrial Bodies & Associations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.