Global Metal Fabrication Equipment Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Geography (North America, Latin America, Asia-Pacific (APAC), Europe, and Middle East & Africa (MEA)), Service Type (Machining and Cutting, Welding, Forming, and Other Service Types), and End-user Industry (Automotive, Aerospace, Construction, Electrical and Electronics, and Other End-user Industries)

Market Snapshot

Market size
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Metal Fabrication Equipment Market

The metal fabrication equipment market (henceforth, referred to as the “market studied”) is expected to register a CAGR of 3.9%, during the forecast period till 2024. 

  • Developing economies, such as India, China, and Indonesia, among others, along with industrialized countries, such as Japan and South Korea, have assisted the Asia-Pacific (APAC) region to dominate the manufacturing industry, in terms of demand, particularly with the demand for metal fabrication equipment.
  • Europe is the second-largest market for metal fabrication equipment. Industrialized countries, such as Germany, France, and Italy, are expected to fuel the demand further in near future.
  • Germany is the largest market in Europe, owing to the presence of huge automotive and ancillary industries, followed by Italy, and other markets, such as Switzerland and Russia.

 

Scope of the Report

A complete background analysis of the metal fabrication equipment market, which includes an assessment of the emerging trends by segments and regional markets, and significant changes in market dynamics and market overview.

Geography
North America
Latin America
Asia-Pacific (APAC)
Europe
Middle East & Africa (MEA)
Service Type
Machining and Cutting
Machining Centres
Lathe Machines
Drilling, Grinding, Horning, and Lapping Machines
Laser, Ion Beam, and Ultrasonic Machines
Gear Cutting Machines
Sawing and Cutting-off Machines
Other Handling and Cutting Equipment
Welding
ARC Welding
Oxy-fuel Welding
Laser Beam Welding
Other Types of Welding
Forming
Forging Machines and Hammers
Bending, Folding, and Straightening Machines
Shearing, Punching, and Notching Machines
Wire Forming Machines
Other Presses and Metal Forming Machines
Other Service Types
End-user Industries
Automotive
Construction
Aerospace
Electrical and Electronics
Other End-user Industries

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Key Market Trends

Increasing Focus on the Implementation of Industry 4.0

  • The growth of Industry 4.0, or the Internet of Things (IoT), which is a key trend, is expected to have a profound influence on tooling and fabricating equipment, as it relates to the flow of information to machine tools and engineers/operators. Smart tooling is expected to provide real-time feedback about problems, such as vibration, and send alerts to the engineer.
  • The transition to Industry 4.0 starts with machining environments that are highly consistent in day-to-day operations. Tool presetting is vital to the beginning of this process. Once the tool holder assembly is preset, data can be sent directly to the machine tool (saving time and preventing potential machining mistakes) or it can be transferred to an RFID chip installed in the tool holder.
  • Manufacturers find the presetting process to be a huge factor in reducing scrap during production. The demand for Industry 4.0 solutions is increasing as companies move toward consistent, highly productive machining.

 

Trend 1

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Growth of Machining Centers and the Machine Tools Market

  • The metal cutting machine market, which was valued at USD 5.99 billion in 2016, is expected to record a CAGR of 5.7% between 2017 and 2025.
  • Automotive was the largest application segment for the market studied in 2016, and it is expected to register a CAGR of 6.5% between 2018 and 2024.
  • The metal fabrication market in Asia-Pacific is likely to experience a substantial growth over the next few years, owing to the robust growth in various application industries, especially in the automotive, and aerospace and defense markets.
  • In terms of value, the Asia-Pacific market is expected to register a CAGR of 6.7% between 2018 and 2024. Moreover, the increasing demand for metal cutting equipment is expected to increase the demand for metal fabrication equipment over the next few years.

 

Trend 2

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Competitive Landscape

The report covers major international players operating in the metal fabrication equipment market. In terms of market share, a few of the major players currently dominate the market studied. However, they face stiff competition from regional players and mid-size and smaller companies that are focused on providing custom equipment in the market studied.

Major Players

  1. Trumpf
  2. Shenyang Machine Tool
  3. Okuma
  4. DMG Mori
  5. Colfaxcorp

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Challenges

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Technological Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

      2. 5.1.2 Latin America

      3. 5.1.3 Asia-Pacific (APAC)

      4. 5.1.4 Europe

      5. 5.1.5 Middle East & Africa (MEA)

    2. 5.2 Service Type

      1. 5.2.1 Machining and Cutting

        1. 5.2.1.1 Machining Centres

        2. 5.2.1.2 Lathe Machines

        3. 5.2.1.3 Drilling, Grinding, Horning, and Lapping Machines

        4. 5.2.1.4 Laser, Ion Beam, and Ultrasonic Machines

        5. 5.2.1.5 Gear Cutting Machines

        6. 5.2.1.6 Sawing and Cutting-off Machines

        7. 5.2.1.7 Other Handling and Cutting Equipment

      2. 5.2.2 Welding

        1. 5.2.2.1 ARC Welding

        2. 5.2.2.2 Oxy-fuel Welding

        3. 5.2.2.3 Laser Beam Welding

        4. 5.2.2.4 Other Types of Welding

      3. 5.2.3 Forming

        1. 5.2.3.1 Forging Machines and Hammers

        2. 5.2.3.2 Bending, Folding, and Straightening Machines

        3. 5.2.3.3 Shearing, Punching, and Notching Machines

        4. 5.2.3.4 Wire Forming Machines

        5. 5.2.3.5 Other Presses and Metal Forming Machines

      4. 5.2.4 Other Service Types

    3. 5.3 End-user Industries

      1. 5.3.1 Automotive

      2. 5.3.2 Construction

      3. 5.3.3 Aerospace

      4. 5.3.4 Electrical and Electronics

      5. 5.3.5 Other End-user Industries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 MARKET COMPETITION OVERVIEW

    2. 6.2 COMPANY PROFILES

      1. 6.2.1 Trumpf

      2. 6.2.2 Shenyang Machine Tool

      3. 6.2.3 Amada

      4. 6.2.4 Okuma

      5. 6.2.5 DMG MORI

      6. 6.2.6 FANUC Corp.

      7. 6.2.7 Colfax

      8. 6.2.8 Atlas Copco

      9. 6.2.9 BTD Manufacturing

    3. 6.3 Summary of Key and Active Players in the Market

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER

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