Global Metal Fabrication Equipment Market 2016-2020
About Metal Fabrication
Metal fabrication is a process that involves building metal structures by cutting, bending, and assembling. Metal fabrication is a value-added process that encompasses the construction of machines and other structures from various raw materials. Large fabrication shops may employ a range of value-added processes that include welding, cutting, forming, and machining in a single facility. These large fabrication shops offer additional value to their customers by eliminating the need for multiple vendors for different services. Under ideal circumstances, metal fabrication services usually commence with detailed shop drawings that include precise measurements. Post approval, the next stage is fabrication.
Technavio’s analysts forecast the global metal fabrication equipment market to grow at a CAGR of 6.57% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global metal fabrication equipment market for 2016-2020. To calculate the market size, the report considers the individual processes that constitute metal fabrication — namely metal cutting, metal forming, and metal assembling
The market is divided into the following segments based on geography :
Technavio Announces the Publication of its Research Report – Global Metal Fabrication Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global metal fabrication equipment market: Colfax, DMG Mori, DMTG, TRUMPF, and Yamazaki Mazak.
Other Prominent Vendors in the market are: Amada, Baileigh International, Eagle Bending Machines, JTEKT, Komatsu, Shenyang, and SMTCL.
Commenting on the report, an analyst from Technavio’s team said: “One of the key trends for market growth will be emergence of friction stir welding technology in automotive sector. Friction stir welding is an innovative and novel technique that makes use of frictional heat combined with precisely controlled forging pressure to join two metals. This technique adds high-integrity to the final product, by eliminating the possibility of mechanical distortions as the entire operation is carried out under a low operating temperature.”
According to the report, introduction of 3D metrology equipment will be a key driver for market growth. With customers becoming more demanding and as the global economic outlook faces new challenges constantly, metal fabricators must deal with the ever-increasing need for greater optical precision and measurement objectives. In the present era of additive manufacturing, 3D metrology equipment like advanced laser scanners are being introduced into the market.
Further, the report states that rise in input costs and material prices in EU will be challenge for the market. The setbacks that plagued the European machine tools industry during the global economic recession of 2008 have been overcome in the past two years. The main factor that is affecting the sector in the post-crisis era is weak domestic demand, with the present growth mostly attributed to emerging markets that are outside Europe. According to CECIMO — the European Association of Machine Tool Industries — Europe accounted for 40% of the global machine tools consumption at the turn of the present millennium, which has fallen to 20% now. Thus, the present rise in demand for production machinery is because of the rapid industrialization drives being undertaken in the developing countries.
Colfax, DMG Mori, DMTG, TRUMPF, Yamazaki Mazak, Amada, Baileigh International, Eagle Bending Machines, JTEKT, Komatsu, Shenyang, SMTCL.