North America Metal Fabrication Equipment Market

The market has been estimated at USD XX billion in 2016 and is projected to reach USD XX billion by 2022, with a CAGR of XX% during the forecast period (2017 to 2022).

The North American manufacturing industry has been growing over the past few years; however, its share in the world’s output has dropped in recent years, which is expected to increase in the future. The region is home to the largest economies and the most developed countries, such as the United States and Canada. The manufacturing sector is one of the key sectors of the US economy; 35% of the country’s GDP was derived from manufacturing, in 2013. The metal fabrication equipment market is large, where the fabricators are working on strategies to cut down on their production costs, while tapping on new approaches, like adaptation of control systems, etc. These equipment have several industries as end-users with many processes involved in metal fabrication that include milling, forming, welding, machining, stamping, finishing, etc. The processes result in the production of various forms of components with applications across various industries. The metal fabrication equipment market is expected to grow at a remarkable rate, as the world moves towards industrialization, owing to the growing population.

Market Dynamics

The current American presidency is expected to boost the manufacturing industry in the United States, with favorable policies to generate jobs. This situation is expected to drive the market for metal fabrication in the region. However, Mexico is an emerging nation, which is seeing a growth in its economic activity. Due to the increased industrialization, there will be a demand for metal fabrication. The main concern regarding this market is the availability of raw material and its price fluctuation, which is restraining the market’s growth. However, there are several opportunities, such as technological improvements and an increase in the emerging markets, especially in North America.

Market Segmentation & Scope

Metal fabrication equipment applies to different sectors, such as residential, commercial and industrial, with the industrial segment occupying the largest market share, globally. Hence, the market segmentation is done based on these categories. The equipment market has also been categorized, by the type of fabrication process, into machining, cutting, forming, welding, and others.  The XX type had the largest market share, with XX%, in 2016. The market has also been segmented, by the end-user industry, into oil & gas, automotive & aviation, power plants, mining, chemicals & mining, construction and others. The XX end-user occupied the largest market share, with XX% in 2016. Geographically, the market has been segmented into Canada, the United States and Mexico, with the United States occupying the largest consumer base, followed by Canada and Mexico. The major companies dominating this market for its products, services and continuous product developments have been listed in the report.

Metal Fabrication Equipment Market, by Equipment Type             

Scope of the Report:

North America Metal Fabrication Equipment Market Analysis, by Equipment Type            

• Machining
• Cutting
• Forming
• Welding
• Others

North America Metal Fabrication Equipment Market Analysis, by Application

• Residential
• Commercial
• Industrial

North America Metal Fabrication Equipment Market Analysis, by End-User Industry                        

• Oil & Gas             
• Automotive & Aviation 
• Power Plants     
• Chemicals & Mining
• Construction
• Others 

North America Metal Fabrication Equipment Market Analysis, by Region                               

• Canada
• United States
• Mexico 
• Others

Key Companies

• Amada
• Atlas Copco
• BTD Manufacturing
• Colfax
• Defiance Metal Products
• DMG Mori
• Hindustan Machine Tools
• Interplex Holdings Pvt. Ltd.
• Kapco
• Komaspect
• Lancer Fabtech Pvt. Ltd.
• Matcor Matsu Group Inc.
• Sandvik
• Standard Iron and Wire Works
• Trumpf
• Watson
• Others

Key Deliverables in the Study

• Market Overview - market analysis and identification of key drivers, restraints, and opportunities.
• Major trends and economic outlook.
• Supply chain analysis.
• Porter’s five forces analysis.
• A comprehensive summary of the industry sectors and regions poised for the fastest-growth.
• North America Metal Fabrication Equipment market analysis by type, region, capacity/rating, end-use, and application.               
• Future outlook of the market.
• Extensively researched competitive landscape section with profiles of major companies, along with their estimated market share.