Global Sheet Metal Equipment Market 2016-2020
About Sheet Metals
Sheet metals are created with the help of an industrial process that turns metals, such as brass, copper aluminum, steel, titanium, tin, and nickel, into thin and flat pieces. Sheet metals are one of the basic metal forms used in the metal fabrication industry.
Technavio’s analysts forecast the global sheet metal equipment market to grow at a CAGR of 6.69% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global sheet metal equipment market for 2016-2020. To calculate the market size, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market as a whole.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sheet Metal Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global sheet metal equipment market: Amada, TRUMPF, U.S. Industrial Machinery, DMTG, and DMG Mori.
Other Prominent Vendors in the market are: Allied Machine & Engineering, BYJC-OKUMA (Beijing) Machine Tools, Doosan Infracore, Fair Friend, FANUC, GF Machining Solutions, Haas Automation, Hardinge, JTEKT, Kennametal, Komatsu, Makino Milling Machine, and Sandvik.
Commenting on the report, an analyst from Technavio’s team said: “Increasing efficiency of robotic waterjets will be a key trend for market growth. The application of robotic waterjet varies from cutting, cleaning of variety of material, and drilling. The whole process is carried out by the jet of water or high-pressure water stream. The pressure intensity applied for cleaning and cutting operations varies to a great extent. The automated system enables operations to be carried out without the guidance of an operator and takes much less time compared to a manual cutter with the minimization of raw material wastage.”
According to the report, increase in demand from end-user industries will be a key driver for market growth. Industrial outputs that had taken a hit in many countries following the global economic recession of 2008 are showing signs of slow recovery. Automation is employed on a large scale in industrial sectors, such as such as automotive, aerospace and defense, electrical and electronics, medical devices, industrial machinery, and renewable energy. This adoption is contributing to these industries' positive growth and is reflected in the stabilized manufacturing Purchasing Managers Index (PMIs.)
Further, the report states that China is a leading consumer of machine tools. However, the growth of the manufacturing sector in China, especially industrial machinery, is experiencing slowdown due to overcapacity in the market. This factor combined with the country’s effort to shift to consumer-led economy will have a negative impact on the demand for press brakes in the country. China and Japan constitute a major portion of the market share. Therefore, a slowdown in China's economy and its impact on the demand for Japanese press brakes is a major challenge to the market growth of the market.
Amada, TRUMPF, U.S. Industrial Machinery, DMTG, DMG Mori, Allied Machine & Engineering, BYJC-OKUMA (Beijing) Machine Tools, Doosan Infracore, Fair Friend, FANUC, GF Machining Solutions, Haas Automation, Hardinge, JTEKT, Kennametal, Komatsu, Makino Milling Machine, and Sandvik.
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