Market Trends of France Metal Fabrication Equipment Industry
This section covers the major market trends shaping the France Metal Fabrication Equipment Market according to our research experts:
Manufacturing Production is a Key Trend in Demand Generation in the Market
In November 2019, manufacturing production in the country recorded an increase of 1.2% over the same month in 2018. It accounted for about 86% of the total production. This trend largely drives the equipment industry. The biggest segments within the manufacturing sector are food products and beverages (13% of the total production); machinery and equipment goods (13%), of which computer, electronics, and optical products account for 5%; basic metals and fabricated metal products (12%); other manufacturing, repair, and installation of machinery and equipment (12%); transport equipment (10%); rubber and plastic products, and other non-metallic mineral products (8%); and chemicals and chemical products (6%).
Cutting Equipment Segment of the Market Growing at a Fast Pace
The increasing demand for mechanized cutting equipment in fabrication is expected to be one of the major trends fueling the growth of the cutting equipment segment of the market in the coming future. In developed countries like France, due to the shortage of skilled labor, the demand for cutting automation technology for fabrication and manufacturing purposes is witnessing a surge. However, in the coming future, metal forming products may outperform metal cutting machinery, with multiple trends expected to fuel the growth.
