Metal Fabrication Equipment Market

Metal Fabrication Equipment: Introduction

• Metal fabrication plays a crucial role in majority of the manufacturing activities. It has its significance in businesses where building metal components for various application is involved. Led by major technological advancements such as the implementation of IoT and automation, metal fabrication equipment can now deliver better results than conventional equipment. This is expected to boost the global metal fabrication equipment market in the near future.
• Various end-user applications such as milling, welding, stamping, and finishing also driving the global metal fabrication equipment market

Metal Fabrication Equipment Market: Segments

• The global metal fabrication equipment market can be segmented based on type, application, and region
• In terms of type, the metal fabrication equipment market can be classified into cutting, machining, and welding. The cutting segment held major share of the market in 2020. Increase in demand from end-use industries such as automotive is expected to be a key factor driving the segment. Growth of the industrial sector in developing countries is also anticipated to fuel the metal fabrication equipment market. Welding equipment is largely used in every industry vertical given the operational necessity of welding and forming of metals for different fabrication requirements.
• In terms of application, the metal fabrication equipment market can be divided into job shop, automotive, and aerospace & defense. Increase in demand for fabricated metal products in the market is estimated to augment the demand for metal forming equipment. These fabricated metals have various applications in many manufacturing industries such as spring manufacturing and boiler manufacturing. Thus, the global metal fabrication equipment market is expected to expand significantly during the forecast period.

Covid-19 Impact on Metal Fabrication Equipment Market

• Emergence of the new COVID strain in many developed and developing countries has adversely affected the health care infrastructure. Hospital staff, medicines, oxygen beds, and ventilators are in short supply. Supply chains are facing disruptions, leading to disturbances in production activities in many countries.
• On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.

Asia Pacific to Dominate Metal Fabrication Equipment Market

• In terms of geography, the global metal fabrication equipment market can be split into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa
• Asia Pacific is expected to exhibit the maximum potential for various businesses during the forecast period. Growth of the metal fabrication equipment market in the region can be ascribed to major infrastructural developments in countries such as China and India. It is also the most promising region owing to the major technological developments in the automobile industry.

Key Manufacturers Operating in Global Metal Fabrication Equipment Market

• The global metal fabrication equipment market is highly fragmented, with numerous players functioning across the globe. The competitive landscape of the market is highly competitive. In order to stay ahead in the market, the players are adopting strategies such as collaboration with various businesses in order to exchange resources and increase productivity.
• Prominent players that are influencing the global metal fabrication equipment market are:
  • Jet Edge, Inc.
  • Jenoptik AG
  • Messer Cutting
  • Defiance Metal Products
  • DMG Mori
  • Fabtech Pvt Ltd.
  • Interplex Holdings Pvt. Ltd.
  • Atlas
  • IPG Photonics

Global Metal Fabrication Equipment Market: Research Scope

Global Metal Fabrication Equipment Market, by Type

• Cutting
• Machining
• Welding

Global Metal Fabrication Equipment Market, by Application

• Job Shop
• Automotive
• Aerospace & Defense

Global Metal Fabrication Equipment Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa