Metal Fabrication Equipment Market (2018 - 2025) Size, Share & Trends Analysis Report By Type (Cutting, Machining, Welding), By Application (Job Shop, Automotive, Aerospace & Defense), And Segment Forecasts

Industry Insights

The global metal fabrication equipment market size was valued at USD 68.36 billion in 2017. It is anticipated to expand at a CAGR of 3.90% over the forecast period. Increasing demand for machining and metal processing in developing countries is expected to drive the market. The Asia Pacific is expected to lead the market over the forecast period.

The metal fabrication industry experienced its initial growth from 2003 to 2008, accredited to the developing Asian economies and heightened automotive and industrial exports from the European countries. From 2009 to 2015, the growth was completely driven by the rising consumption from the Asian countries.

Source: Grand View Research, IR Documents, Primary Interviews, Paid Databases

To learn more about this report, Download Free Sample Report

Mounting demand is a direct result of shifting trends in the finance and manufacturing sectors across the globe. The rising population in the Asia Pacific and huge markets for different industry verticals compelled companies to move their manufacturing operations to these developing economies.

To learn more about this report, Download Free Sample Report

Manufacturing companies are the largest consumers of fabrication equipment closely followed by the automotive industry and its auxiliary sectors. The demand & supply for major industries in the metal fabrication market such as aerospace & defense is expected to gain traction over the forecast period.

The rising global population is driving the consumption and demand for energy. Rapid industrialization is anticipated to drive the demand for fabrication equipment. However, the high cost of raw materials is expected to be a major restraint for the market growth. Nevertheless, technological advancements and efforts to develop customized equipment are anticipated to create business avenues for the manufacturers in near future.

Market Dynamics

Type Insights

The metal cutting equipment segment held the highest revenue share of the market in 2017. It is expected to expand at a CAGR of 4.08% over the forecast period. Increasing demand from end-use industries such as automotive is expected to be a key factor driving the growth. The ever-growing industrial sector in developing countries is also anticipated to further fuel the metal fabrication equipment market. The segment holds a significant market share owing to the wide range of welding equipment portfolios available varying in size power and type. Welding equipment is dominant across every industry vertical given the operational necessity of welding and forming metals for different fabrication requirements.

Machining equipment is also anticipated to register high demand across the verticals ranging from job shops to automotive to mechanical applications. The Asia Pacific machining equipment market is expected to expand at a CAGR of 4.23% over the forecast period. The segment is driven by the increasing number of small and medium-scale industries and metal workshops in the region.

Application Insights

The market for automotive applications is expected to reach USD 20.27 billion by 2025. The automotive industry is one of the largest demand generators owing to the continuously evolving designs and material combinations in automobile manufacturing. The advancements in technologies and ease of operations have added to the generation of sustainable demand for this equipment across various industries. Mechanical applications manufacturing is another major industry vertical, with extensive usage. Metal cutting machines have the highest utility in the mechanical equipment segment followed by welding equipment.

To learn more about this report, Download Free Sample Report

The aerospace and defense segment has the extensive utility of this equipment. The industry extensively requires fabricated metal sheets. The machines used in these sectors incorporate state-of-the-art technologies to maintain high precision and quality, as the industry outputs high-value types. The exponential boom in the Unmanned Aerial Vehicle (UAV) manufacturing in the industry vertical has greatly and positively impacted the market and is expected to further fuel growth over the forecast period.

Regional Insights

Asia Pacific is estimated to be valued at USD 32.06 billion in 2017 holding the majority of the market share. Developing economies such as India, China, and Indonesia among others coupled with industrialized nations such as Japan and South Korea help the region dominate the manufacturing industry in terms of demand along with the demand for metal fabrication equipment.

Europe is the second-largest market for metal fabricated equipment. Industrialized nations such as Germany, France, and Italy among others are expected to fuel the demand in near future. Germany is the largest market in Europe, owing to the huge automotive and ancillary industries. Italy follows Germany along with other markets, such as Switzerland and Russia.

Countries such as Vietnam, Turkey, Thailand, and Brazil among many others have displayed high demand for fabrication machines amid developing metal processing industries.

Metal Fabrication Equipment Market Share Insights

Key market players include Amada Corporation, TRUMPF, and Bystronic Laser AG mainly on account of a diversified customer base and a wide range of advanced technologies employed in the industry.

Other prominent vendors include Jenoptik AG; IPG Photonics; Jet Edge, Inc.; and Messer Cutting among others. With the consequent decline in product demand and fluctuations in global economic growth, manufacturers are reducing the cost for smaller lot sizes without compromising on the quality of products.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global metal fabrication equipment market report on the basis of type, application, and region:

• Type Outlook (Revenue, USD Billion, 2015 - 2025)

  • Cutting

  • Machining

  • Welding

  • Bending

  • Others

• Application Outlook (Revenue, USD Billion, 2015 - 2025)

  • Job Shops

  • Automotive

  • Aerospace & Defense

  • Mechanical Application

  • Others

• Regional Outlook (Revenue, USD Billion, 2015 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • RoW

Delivered Customizations

This report has been delivered with the following In-depth customizations