Metal Fabrication Equipment Market in the US 2015-2019
- Published: Oct 2015
- Pages: 48
- SKU: IRTNTR7518
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Market outlook of the metal fabrication equipment in the US
The metal fabrication equipment market in the US is growing at a moderate rate and is expected to post a CAGR of close to 2% during the forecast period and this is calculated based on the spending by type of equipment. The market is witnessing an increase in demand from various key end-user industries such as construction, automotive and transportation, and heavy engineering.
The US construction industry had suffered during the 2008-09 recession, but post 2012, the industry has been slowly regaining its momentum. Every year, the construction industry is gaining confidence and registering positive growth, which is influenced by the commercial, transportation, power, and manufacturing segments. Thus bestowing a positive impact on the metal fabrication equipment market in the forecast period.
Segmentation of the metal fabrication equipment market in the US by process
- Metal forming
- Punching, folding
The welding segment constituted the largest segment in terms of process, with a market share of more than 26% in 2014. Welding is considered to be the most economical and efficient method to join metals permanently. It is the only process to prepare a joint in underwater and space environments.
Segmentation of the metal fabrication equipment market in the US by end-user
- Heavy engineering
The energy and construction segments are the largest end-user segments in the market, and being mature, their market shares are not expected to change much during the forecast period. The total revenue generated by the metal fabrication equipment market in the energy sector is expected to reach USD 703.27 million by 2019.
Competitive landscape and key vendors
The metal fabrication equipment market is fragmented by the existence of many local vendors.
Leading vendors in this market are –
- Scotchman Industries
Other prominent vendors included in this report are Mayville Engineering, O'Neal, BTD, and Kapco.
Metal fabrication equipment: Growth drivers, challenges, and upcoming trends
Technavio’s market research analysts have analyzed upcoming trends, such as welding, which is an envolving technology in metal fabrication processes. The use of robots, better equipment, and use of software to automate welding process, etc., are potential technological advances that are helping the industry to grow.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the metal fabrication equipment market in the US. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the metal fabrication equipment market in the US?
- What are the key market trends impacting the growth of the metal fabrication equipment market in the US?
- What are the challenges to market growth?
- Who are the key vendors in the metal fabrication equipment market in the US?
- What are the market opportunities and threats faced by the vendors in the metal fabrication equipment market in the US?
- What are the key outcomes of the five forces analysis of the metal fabrication equipment market in the US?
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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