According to Stratistics MRC, the Global Metal Fabrication Equipment Market is accounted for $67.25 billion in 2017 and is expected to reach $110.35 billion by 2026 growing at a CAGR of 5.7%.
— Some of the factors influencing the market growth are the rise in population, increasing demand for aluminium and growing demand for machining and metal processing in the developing countries are fuelling the market. However, the high cost of raw materials is hampering market growth.
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Metal fabrication is a method that includes making structures of metals by bending, cutting, and assembling. Metal fabrication is a value-added process that encompasses the construction of machines and other structures from various raw materials. Various applications such as automotive, job shops and secondary ventures among others are escalating the demand for metal fabrication equipment.
Based on the product, the cutting segment commanded significant growth during the forecast period due to rising demand from end-use industries and the availability of cost-efficient labor and raw materials has induced several companies in the developed regions are favoring the market growth. By geography, Asia Pacific is expected to dominate the global market owing to increasing demand for several end-user industries in this region.
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Some of the key players in the Metal Fabrication Equipment market include Matcor Matsu Group Inc, Omax Corporation, DMG Mori, Hindustan Machine Tools, Atlas Copco, IPG Photonics, AMADA Corporation, Kapco, Messer Cutting, Lancer Fabtech Pvt Ltd, Jenoptik AG, Defiance Metal Products, Bystronic Laser AG, BTD Manufacturing and Colfax Corporation.
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Metal Forming Equipment
End Users Covered:
Chemicals & Mining
Oil & Gas
Aerospace & Defense
Other End Users
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
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- Supply chain trends mapping the latest technological advancements
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