Industry Background:
Metal fabrication refers to the process of building machines and structures from raw metal materials. The process might include cutting, welding, forming, burning, and assembly for the production of the final product. Metal fabrication projects range from hand railings to heavy machinery and equipment. Cutlery and hand tools, decorative and structural metals, hardware manufacturing, spring and wire manufacturing, screw, nut, and bolt manufacturing, and forging and stamping are only a few of the subsectors. Metal processing has a wide range of uses in a variety of markets and consumer goods. Plate metal, fittings, castings, molded and extended metal, sectional metal, flat metal, and welding wire are all common raw materials. Metal fabrication equipment stands to gain from the increasing metal works. Metal fabrication equipment might include Metal Cutting Saws, Deburring and Bevelling Tools, Sheet Metal Rolling Equipment, Angle Grinder, and Throat-less Shear.
According to AMA Research, the market for Metal Fabrication Equipment is expected to register a CAGR of 4.3% during the forecast period to 2030. This growth is primarily driven by Increasing Demand for Metal Fabrication Equipment from Metal Works Shops
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Industrial Machinery sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as DMG Mori (Germany), U.S. Industrial Machinery (United States), Kapco (Canada), Atlas Copco (United States), Matcor Matsu Group Inc. (United States), Sandvik (Sweden), Trumpf (Germany), Watson (Hong Kong), DMTG (China) and Amada (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2022, Momentum Manufacturing Group (MMG), a metal producer, recently acquired two companies that enable the production of semiconductors to enter the semiconductor sector. Evans Industries in Topsfield, Massachusetts, and Little Enterprises in Ipswich, Massachusetts, have joined MMG, giving the Georgetown, Massachusetts-based company 86,000 square feet of additional manufacturing space and almost 160 highly qualified team members. Both businesses provide wafer fabrication equipment support components and offer precision metal machining.
On 15th April 2021, Anstar Corporation, a leading manufacturer of metal cutting, welding, and automation capital equipment announced a new collaboration with Bright Machines, a full-stack technology firm that offers an innovative solution to software-defined manufacturing. Bright Machines Microfactories, which integrate intelligent software and adaptive hardware to simplify routine assembly and inspection processes, will now be offered by Anstar Corporation.With the increasing demand for metal fabrication; the demand for metal fabrication equipment is also increasing. For basic tools; local players dominate the market but for specialized industrial tools global international brands have an edge. Customized tools according to the needs of customers are the key thing to offer in this market. Players in this market can also sell the cleaning and maintaining tools for the equipment they offer.
Influencing Trend:
Increasing Demand for Innovative Metal Fabrication Equipment and Growing Demand for Metal Fabrication Equipment with Minimal Setup
Market Growth Drivers:
Increasing Demand for Metal Fabrication Equipment from Metal Works Shops and Growing Demand for Metal Fabrication Equipment Due to rising of Automotive Industry
Challenges:
Volatility in Raw Material Prices of Metal Fabrication Equipment
Restraints:
Long Life of Metal Fabrication Equipment Means No Repeated Demand in Short Term
Opportunities:
Increasing Demand for Metal Fabrication Equipment Which Has Maximum User Safety and Growing Manufacturing Activity in Developing Nations Like India And China Will Booth the Demand of Metal Fabrication Equipment
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Manufacturers landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Metal Fabrication Equipment Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Metal Fabrication Equipment Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Metal Fabrication Equipment players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Metal Fabrication Equipment Study Sheds Light on
The Metal Fabrication Equipment Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Metal Fabrication Equipment industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Metal Fabrication Equipment industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.