Market Size of France Metal Fabrication Equipment Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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France Metal Fabrication Equipment Market Analysis
The French metal fabrication equipment market is strongly growing in the European region. Europe is the second-largest market for metal fabrication equipment across the world.
- The market is also driven by the growing share of the basic metal and fabricated metal products, which constitute about 12% of the country’s entire manufacturing sector. They are increasingly used in the manufacturing, construction, and oil and gas industries in various applications, such as cutting, machining, forming, and welding processes.
- Based on the end-userindustry, the type of equipment and the volume of sales are being driven. For example, while cutting and machining are extensively used in the manufacturing and construction sectors, the oil and gas sector utilizes most of the forming and welding equipment services.
- Inrecent times, with the recovery of the French manufacturing sector, there has beenincreased growth in the sales of cutting and machining tools over forming and welding equipment. The country's construction industry registered a growth rate of 2.6% in 2017, in real terms. The industry's output value, in real terms, is expected to record a CAGR of 1.95% over the forecast period – up from -0.19% during 2013-2017.
