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 : - Americas - APAC - EMEA
Technavio's report, Global Metal Fabrication Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
Other prominent vendors - Amada - Baileigh International - Eagle Bending Machines - JTEKT - Komatsu - Shenyang - SMTCL
Market driver - Fourth industrial revolution enhances automation - For a full, detailed list, view our report
Market challenge - Increase in use of metal substitutes such as plastic and fiber - For a full, detailed list, view our report
Market trend - Emergence of friction stir welding technology in automotive sector - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2020 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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