KeyHighlights
Metalfabrication refers to the procedure of making structures and machines fromvarious raw metal materials. This procedure comprises assembly, forming,machining, welding, burning, and cutting to produce a finished product. Metalfabrication is basically a value added procedure that involves making ofstructures, parts, and machines. In present times, the industry is highlycyclical and dynamic with its expansion depending on various end use sectors.The end use segments for the global metal fabricationmarket compriseenergy, construction, aerospace, and automotive.
Changingdemand of customers have made metal shops try for obtaining more profitabilitythrough diversification of customer base and make correct forecasts about thepattern of demands. Transparency Market Research has come up with an all-inclusivestudy on the global metal fabrication market, for the period 2019 to 2027. The reportestimates that the global metal fabrication market is likely to grow at a rateof 3.5% CAGR.
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RapidIndustrialization to Drive Asia Pacific Market during the Assessment Tenure
Consideringgeographical segmentations, Asia Pacific is expected to account for a largeshare of the global metal fabrication market. Developing countries likeIndonesia, China, and India are witnessing rapid growth in their economies andrapid industrialization. Economic progress and industrialization result inincreased demand for various machines and metal structures, which is likely totrigger growth of the global metal fabrication market in the years to come.
Europeis estimated to emerge as another prominent region of the global metalfabrication market. Developed markets of western part of Europe such as theU.K., France, and Germany are likely to generate demand for metal fabricationtechnology, thanks to rapid development in the automation technology.
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Integrationof Automation to Offer Lucrative Opportunities for Growth
Variousenterprise resource planning (ERP) technologies and software find increasedutilization in the metal fabrication market in years to come. With the use ofERP technologies, the data becomes easily available and it speeds up thedecision making process. Augmented utilization of computer-assistedtechnologies for manufacturing is assisting various market players to bettertheir production capacity and operational efficiency. These technologicalprogresses are expected to offer copious growth opportunities to the globalmetal fabrication market over the tenure of assessment, from 2019 to 2027.
Theautomobiles and aviation sectors make use of fabricated metal extensively andthere is a constant rise in this trend, which is likely to trigger growth ofthe global metal fabrication market in years to come. However, the primaryconcern in relation to the fabrication equipment market is the fluctuation ofprice and availability of raw materials. These two factors are likely to impedegrowth of the global metal fabrication market in years to come.
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In addition,advancement made in the field of robotics and automation tools is likely toemerge as another factor for the expansion of the global metal fabricationmarket in years to come. At present, automation is utilized in the process ofmetal fabrication, which is to improve the efficiency of the operation andreduce the overall cost of labor in years to come. Furthermore, automationtools like laser saws help fabricators to produce metal parts that need to becut precisely, thereby underscoring the significance of automation tools in theglobal metal fabrication market.
TheGlobal Metal Fabrication Market has been segmented as presented below:
MetalFabrication Market: Service
· Metal Welding
· Metal Machining
· Metal Forming
· Metal Shearing
· Metal Cutting
· Metal Rolling
· Metal Folding
· Metal Punching
· Metal Stamping
MetalFabrication Market: End-use Industry
· Construction
· Automotive
· Aerospace
· Manufacturing
· Energy and Power
· Electronics
· Others (Including Consumer Productsand Sports & Leisure)
WaxMarket: Regional Analysis
· NorthAmerica
o U.S.
o Canada
· Europe
o France
o Germany
o Rest of Europe
· Asia Pacific
o China
o India
o Rest of Asia Pacific
· Middle East& Africa
o GCC
o South Africa
o Rest of Middle East & Africa
· LatinAmerica
o Brazil
o Argentina
o Rest of Latin America
