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Metal Fabrication Equipment Market Is Anticipated To Witness Significant Growth Prospects With Rising CAGR By 2025|Grand View Research, Inc.

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Mrudula Karmarkar
Metal Fabrication Equipment Market Is Anticipated To Witness Significant Growth Prospects With Rising CAGR By 2025|Grand View Research, Inc.

San Francisco, 07 April 2025: The Report Metal Fabrication Equipment Market Size, Share & Trends Analysis Report By Type (Cutting, Machining, Welding), By Application (Job Shop, Automotive, Aerospace & Defense), And Segment Forecasts, 2018 - 2025

The global metal fabrication equipment market size is projected to reach USD 92.84 billion by 2025, expanding at CAGR of 3.90%, according to a new report by Grand View Research, Inc. The market is fueled by rapid industrialization in developing economies from Asia Pacific amid an increasing population and the need for advanced infrastructure.

The demand for metal fabrication equipment is dominated by applications such as job shops, automotive, and ancillary industries among others. The automotive industry, under continuous evolution in terms of technology and materials used, is a major application segment for the advanced state-of-the-art equipment. Changing technological and raw material requirements are a result of increased stringency of emission and safety norms imposed by governments across the globe.

Asia Pacific leads the metal fabrication equipment market with the majority of machines consumed in China followed by Japan and South Korea. The Chinese fabrication equipment manufacturing base is huge and still imports most of the advanced machinery from the European manufacturers based in countries such as Germany and Switzerland. Other emerging economies such as India, Indonesia, and Vietnam are expected to further drive the regional demand for fabrication equipment.

The metal fabrication equipment market has experienced stagnation in demand over the last few years owing to the global economic slowdown. Europe and North America experienced an excessive downfall in terms of sales from 2009 to 2015, due to recession. However, the European automotive industry has regained momentum and the market is expected to continue surging over the forecast period. North America is anticipated to be driven by the exponential growth in automotive manufacturing in Mexico coupled with the growth of the Electric Vehicle (EV) segment in U.S. Surge in electric vehicle manufacturing has compelled the use of advanced fabrication equipment capable of operating across a variety of metals and composites.

Request sample report of Metal Fabrication Equipment Market@ https://www.grandviewresearch.com/industry-analysis/metal-fabrication-equipment-market/request/rs1

Increasing demand for machining and metal processing in developing countries is expected to drive the market. The Asia Pacific is expected to lead the market over the forecast period.

The metal fabrication industry experienced its initial growth from 2003 to 2008, accredited to the developing Asian economies and heightened automotive and industrial exports from the European countries. From 2009 to 2015, the growth was completely driven by the rising consumption from the Asian countries.

Mounting demand is a direct result of shifting trends in the finance and manufacturing sectors across the globe. The rising population in the Asia Pacific and huge markets for different industry verticals compelled companies to move their manufacturing operations to these developing economies.

Manufacturing companies are the largest consumers of fabrication equipment closely followed by the automotive industry and its auxiliary sectors. The demand & supply for major industries in the metal fabrication market such as aerospace & defense is expected to gain traction over the forecast period.

The rising global population is driving the consumption and demand for energy. Rapid industrialization is anticipated to drive the demand for fabrication equipment. However, the high cost of raw materials is expected to be a major restraint for the market growth. Nevertheless, technological advancements and efforts to develop customized equipment are anticipated to create business avenues for the manufacturers in near future.

Key market players include Amada Corporation, TRUMPF, and Bystronic Laser AG mainly on account of a diversified customer base and a wide range of advanced technologies employed in the industry. Other prominent vendors include Jenoptik AG; IPG Photonics; Jet Edge, Inc.; and Messer Cutting among others. With the consequent decline in product demand and fluctuations in global economic growth, manufacturers are reducing the cost for smaller lot sizes without compromising on the quality of products.

 

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