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Colombia Metal Fabrication Equipment Market is segmented by product type (Automatic, Manual), by End-user industry (Oil and Gas, Manufacturing, Power and utilities, construction, other end-use industries)
Greater Than 3 %
The Colombian metalworking and fabrication industry has highly contributed to the development and consolidation of other sectors of the economy that include construction, automotive, appliance and machinery that require inputs of steel and iron. Geographically, the country is in a key location to the development and innovation of the productive projects in the metalworking and fabrication industry. Colombia is the country with the best prospects for growth in the consumption of rolled steel products, with consumption increasing 49% over the last 4 years. Colombia acts as a huge opportunity with a regional presence of 70 million tons market and which can be reached with zero tariffs. Incentives such as Free Trade Zones, a Stimulus Plan for productivity and employment, and incentives for job creation that reduce production costs for companies present in Colombia and that serve the domestic market and export from Colombia.
A complete background analysis of the Colombia Metal Fabrication Equipment Market, which includes an assessment of the national accounts, economy, and emerging market trends by segments, significant changes in the market dynamics, and market overview is covered in the report.
|By Product type|
|By End Use industry|
|Oil and Gas|
|Power and Utilities|
|Other end use industries|
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The manufacturing industry is one of the topmost productive activities in the Colombian economy. It derives immense strength from the trade agreements that bring in a lot of investment in the form of capital and its strategic location makes it the center for production, distribution ad export hub. This sector's growth is also due to competitive costs, an attractive domestic market, skilled labor and high quality in production processes. Conditions that ensure world-class products, characterized by innovation and adaptability to the demands of the international market. However, the manufacturing industry in Colombia has other significant advantages that make the sector more competitive which includes the tariff preferences on several products in various markets through the trade agreements signed by Colombia. Also, the sector which follows the stricter implementation of Good Manufacturing Practices (GMP) in the stages of the production process, the high level of quality and innovation in products, with certifications recognized worldwide and production flexibility to adapt to the demands of the international market.
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The metal forming market is growing because of the increasing vehicle production along with the stringent emission norms and fuel economy regulations that are driving the demand for lightweight materials in the automotive industry. Other than this, new metal forming techniques such as hot forming and hydroforming are making metal-formed components better and stronger. Thus, the rising demand for equipment that is used in the metal forming processes. Other driving factors for these markets include growing vehicle production and the increasing trend of vehicle lightweighting.
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Colombia Metal Fabrication Equipment Market is fragmented and highly competitive where the manufacturers are increasingly looking to embrace digital technology trends to automate the fabricating processes. Hence, continuous and rigorous innovation are driving companies to improve their profit margins and sales turnover across the world.
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Factors Driving the Market
4.3 Factors Restraining the Market
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Competitive rivalry within the Industry
4.5 Industry Value Chain/Supply Chain Analysis
4.6 Technological Advancements in the Colombian Metal Fabrication Market
4.7 Government Regulations and Key Initiatives in the Colombian Metal Fabrication Market
5. MARKET SEGMENTATION
5.1 By Product type
5.2 By End Use industry
5.2.1 Oil and Gas
5.2.3 Power and Utilities
5.2.5 Other end use industries
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.3 PRAMEC SAS
6.2.7 MAG Giddings & Lewis
6.2.8 DMG Mori
7. INVESTMENT ANALYSIS
8. FUTURE OPPORTUNITIES
** Subject to Availability