The global metal fabrication equipment market size is anticipated to value USD 92.84 billion until 2025. It is also expected to register a CAGR of 3.90% over the forecasted years, 2018 to 2025. Rapid industrialization and rising demand for advanced infrastructure and products are projected to drive the market growth for fabrication equipment.
The metal cutting segment held the largest share across the global market, in 2017 on account of growing demand for metal cutting prevailing across the manufacturing sector. While the machining type segment is also estimated to account for substantial share across the global market, in 2017. This high share can be attributed to increasing number of job shops across developing regions.
In 2017, the application segment of automotive accounted for significant share due to their rising adoption for producing automobiles and their auxiliary parts. On the other hand, the aerospace & defense segment also held substantial share owing to their usage for manufacturing of aircraft and carriers.
Asia Pacific held the largest share across the global market, in 2017 and generated revenue of USD 32.06 billion due to rising manufacturing industry across India, China and Japan. The, Europe accounted for the second-largest market share owing to rapid industrialization across Germany and France.
The metal fabrication equipment market includes key players such as Omax Corporation, Colfax Corporation, TRUMPF, Amada Corporation, and Jenoptik AG. They are constantly investing in R&D activities for product development and innovation to gain a competitive advantage and to widen their geographical reach.
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Further key findings from the report suggest:
• The metal cutting segment held the highest share across the global market in 2017.
• The automotive application segment is projected to generate revenue of USD 20.27 billion until 2025.
• In 2017, Asia Pacific generated revenue of USD 32.06 billion across the global market.
• The key players in this market are Omax Corporation, Colfax Corporation, TRUMPF, Amada Corporation, and Jenoptik AG.
Million Insights has segmented the global metal fabrication equipment market on the basis of type, application and region:
Metal Fabrication Equipment Type Outlook (Revenue, USD Billion, 2015 - 2025)
Metal Fabrication Equipment Application Outlook (Revenue, USD Billion, 2015 - 2025)
• Job Shops
• Aerospace & Defense
• Mechanical Application
Metal Fabrication Equipment Regional Outlook (Revenue, USD Billion, 2015 - 2025)
• North America
• The U.S.
• Asia Pacific
• South Korea