This market research report provides a far-reaching market analysis and market segmentation by types of process, including machining, cutting, metal forming, punching, folding, rolling, shearing, stamping, and welding. A further breakdown of the market by end-user segment (automotive, energy, construction, heavy engineering, electronics and mining) is included in the report. Lovegreen and Scotchman Industries are the two major vendors of this market.
Technavio’s market research analysts estimate the metal fabrication equipment market in the US to grow at a CAGR of around 2% between 2015 and 2019. The market is witnessing increased demand for metal fabrication equipment from construction, automotive and transportation, and heavy engineering industries. The metal fabrication processes include machining, cutting, metal forming, punching, folding, rolling, shearing, stamping and welding.
The new market research report from Technavio provides a breakdown and analysis of the metal fabrication equipment by technology.
“The welding segment is the largest segment in the metal fabrication process, with more than 26% of the total market share. It is the most economical and efficient method to join metals permanently. Of late, welding is undergoing various technological advancements like improved equipment, use of robots and software to automate the metal fabrication process,” says Navin Rajendra, Lead Analyst, Engineering Equipment, Technavio Research.
Metal Welding Equipment Market in the US ($ million)
Source: Technavio Research
The energy and construction segments are the largest consumers of metal fabrication equipment. The total revenue generated by the metal fabrication equipment market in the energy sector is expected to reach US $703 million by 2019. Moreover, majority of the growth in the construction industry is being led by commercial, transportation, power, and manufacturing segments.
The key vendors in the metal fabrication equipment market are Lovegreen and Scotchman Industries. The market is fragmented by the existence of many regional vendors.
A more detailed analysis is available in the Technavio report, Metal Fabrication Equipment Market in the US 2015-2019.
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