The report presents an in-depth assessment of the Metal fabrication equipment including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Metal fabrication equipment investments from 2019 till 2024.
The metal fabrication equipment market (henceforth, referred to as the market studied) is expected to register a CAGR of 3.9%, during the forecast period till 2024.
The report covers major international players operating in the metal fabrication equipment market. In terms of market share, a few of the major players currently dominate the market studied. However, they face stiff competition from regional players and mid-size and smaller companies that are focused on providing custom equipment in the market studied.
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Scope of the Report
A complete background analysis of the metal fabrication equipment market, which includes an assessment of the emerging trends by segments and regional markets, and significant changes in market dynamics and market overview.
Key Market Trends
Increasing Focus on the Implementation of Industry 4.0
– The growth of Industry 4.0, or the Internet of Things (IoT), which is a key trend, is expected to have a profound influence on tooling and fabricating equipment, as it relates to the flow of information to machine tools and engineers/operators. Smart tooling is expected to provide real-time feedback about problems, such as vibration, and send alerts to the engineer.
– The transition to Industry 4.0 starts with machining environments that are highly consistent in day-to-day operations. Tool presetting is vital to the beginning of this process. Once the tool holder assembly is preset, data can be sent directly to the machine tool (saving time and preventing potential machining mistakes) or it can be transferred to an RFID chip installed in the tool holder.
– Manufacturers find the presetting process to be a huge factor in reducing scrap during production. The demand for Industry 4.0 solutions is increasing as companies move toward consistent, highly productive machining.
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Growth of Machining Centers and the Machine Tools Market
– The metal cutting machine market, which was valued at USD 5.99 billion in 2016, is expected to record a CAGR of 5.7% between 2017 and 2025.
– Automotive was the largest application segment for the market studied in 2016, and it is expected to register a CAGR of 6.5% between 2018 and 2024.
– The metal fabrication market in Asia-Pacific is likely to experience a substantial growth over the next few years, owing to the robust growth in various application industries, especially in the automotive, and aerospace and defense markets.
– In terms of value, the Asia-Pacific market is expected to register a CAGR of 6.7% between 2018 and 2024. Moreover, the increasing demand for metal cutting equipment is expected to increase the demand for metal fabrication equipment over the next few years.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Metal fabrication equipment Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
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