Global Metal Fabrication Equipment Market 2016-2020

Overview of the global metal fabrication equipment market

Market research analysts at Technavio have predicted that the global metal fabrication equipment market will grow steadily during the forecast period and will post an impressive revenue of more than USD 94 billion by 2020. This market research analysis identifies the introduction of favorable initiatives by several countries across the world to enhance the global machine tools market as one of the primary growth factors for the metal working equipment market. For instance, initiatives by the Japanese Ministry of International Trade and Industry towards rationalizing the machine tools industry through strategic M&A and disinvestment encourages Japanese companies to purchase machine tools, in turn, fueling this market’s growth. Similarly, the establishment of cabinet-level programs by the government of China and the introduction of regulations by the Indian government that allows 100% foreign direct investment (FDI) in the machine tools industry will also propel the metal fabrication tools market’s growth prospects.

The emergence of friction stir welding technology in the automotive sector identified to be one of the major trends that will gain traction in the metal working tools market in the coming years. Friction stir welding can spot-weld thin aluminum sheets and also consumes very less power than other welding processes such as fusion welding. Moreover, this welding technique does not add any extra weight in the form of filler materials, which helps in reducing the overall weight of the final product. The technology has already gained prominence in the aerospace industry and will soon gain popularity in the automotive sector as well.

Competitive landscape and key vendors

Owing to the presence of numerous players, the metal fabrication equipment market appears to be fragmented.  There is fierce competition among the major players to gain the maximum revenue share from the market. In addition to global players, the market is also marked by the presence of several regional and local vendors. These regional players manufacture customized and energy-efficient equipment and offer them at a comparatively lower price than their international counterparts, posing a stiff competition to the global players. The competition among vendors is expected to intensify in the coming years due to the introduction of products with new features and technologies.

The leading vendors in the market are -

• Colfax
• DMG Mori
• DMTG
• TRUMPF
• Yamazaki Mazak

The other prominent vendors in the market are Amada, Baileigh International, Eagle Bending Machines, JTEKT, Komatsu, Shenyang, and SMTCL.

Segmentation by application and analysis of the metal fabrication equipment market

• Metal cutting
• Metal forming
• Welding

According to this market study, the metal cutting application segment accounted for more than 69% of the total market shares and dominated the market during 2015. The growth of this market segment will mainly attribute to the rise in demand for metal cutting tools from the manufacturing industries of the developed economies in Europe. Also, the availability of cost-efficient labor and raw materials has induced several companies in the developed regions to start manufacturing plants in Asia, which increases manufacturing opportunities in the region, in turn, propelling the growth of the market segment.

Geographical segmentation and analysis of the metal fabrication equipment market

• Americas
• APAC
• EMEA

This market study predicts that in terms of geographical regions, APAC will dominate the metal fabrication equipment market throughout the forecast period and also estimates that the region will account for more than 48% of the total market shares by 2020. The growth of several end-user industries in the region, such as automotive, construction, aerospace and defense, and electrical equipment manufacturing is identified to the major factor for the market’s growth. Analysts estimate that the market will grow at a CAGR of more than 7% in this region.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be of the global metal fabrication equipment market in 2020?
• What are the key factors driving the global metal fabrication equipment market?
• What are the key market trends impacting the growth of the global metal fabrication equipment market?
• What are the challenges to market growth of the global metal fabrication equipment market?
• Who are the key vendors in the global metal fabrication equipment market?
• What are the market opportunities and threats faced by the vendors in the global metal fabrication equipment market?
• Trending factors influencing the market shares of the of the global metal fabrication equipment market in Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global metal fabrication equipment market?

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