Market Overview:
The global cladding (metalworking) service market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cladding services from the aircraft and aerospace, automotive industry, oil and gas, mining and construction sectors. In addition, the growing demand for lightweight materials in various end-use industries is also contributing to the growth of this market. Based on type, the roll bonding segment is expected to account for a major share of the global cladding (metalworking) service market during the forecast period. This segment is projected to grow at a CAGR of 6% during 2018-2030 owing to its ability to provide high strength-to-weight ratios and superior corrosion resistance as compared with other welding techniques.
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Product Definition:
The purpose of cladding is to provide a protective envelope around a structure against the environment, and to improve its appearance.
Roll Bonding:
Bonded roll steel joists are used in cladding applications to provide the required strength and rigidity for long-term use. The product is manufactured using high carbon, low alloy steel that offers excellent fatigue resistance properties. It also has a lower yield strength compared to other structural steel products which makes it suitable for application in cladding systems.
The growth of the global metalworking (MOW) service market can be attributed to rising demand from construction.
Explosive Welding:
Explosive welding is a process of joining two or more materials using high heat and pressure. The technique is used in various end-use industries such as oil & gas, construction, automotive, aerospace & defense and marine among others. In the metalworking industry it's mainly used for shipbuilding where it's applied to steel structures that are welded together to form a vessel. It can also be used for repairing ships or fabrication of new ones.
Application Insights:
The aircraft and aerospace application segment accounted for the largest share of over 30.0% in 2017. The demand for the product is expected to increase owing to its ability to resist corrosion caused by atmospheric elements such as moisture and humidity on a metal surface, which are essential in maintaining the structural integrity of an aircraft body during its service life.
The automotive industry is one of the major consumers of these products due to their ability withstand high heat generated during friction between car parts or engine components. In addition, they offer protection against impact damage caused by accidents or falls on a road vehicle's bodywork; this factor is anticipated to drive growth over the forecast period. However, rising concerns regarding product safety after rollover crashes have led some automobile manufacturers toward developing their own lightweight substitutes that perform similar functions at lower costs; this trend may hamper market growth from 2018 onward depending upon future developments within individual markets worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising investments in infrastructure development, coupled with increasing demand for passenger and freight vehicles. In addition, growing industrialization across emerging economies such as India and China is anticipated to fuel product demand from various end-use sectors such as construction, automotive, marine and aerospace.
The industry in Europe has been witnessing moderate growth since past few years on account of steady aerospace manufacturing activities across major countries including Germany, UK and France among others. However; a recent trend indicates that these countries are facing problems in fabricating lightweight composite materials owing to lack of skilled professionals thus affecting overall production output levels for aircrafts thereby hampering regional growth prospects over the next eight years.
Growth Factors:
- Increasing demand for energy-efficient and low-maintenance buildings: The global cladding (metalworking) service market is expected to benefit from the increasing demand for energy-efficient and low-maintenance buildings. Cladding helps in improving the thermal insulation of a building, which reduces the amount of energy required to heat or cool it. In addition, cladding also helps in protecting a building from weathering and corrosion.
- Rising construction spending: The global construction spending is projected to grow at a CAGR of 5% during 2018–2023, owing to the increasing urbanization and industrialization across the world. This would result in an increase in demand for cladding (metalworking) services, thereby driving the growth of the market during the forecast period.
- Growing popularity of metal roofing: Metal roofing is becoming increasingly popular due to its durability, fire resistance, and aesthetic appeal. It also requires less maintenance as compared to other types of roofing materials such as asphalt shingles or clay tiles roofs. This is likely to boost demand for metal roofing systems globally, which would subsequently drive growth of the cladding (metalworking) service market during 2018–2023..
Scope Of The Report
Report Attributes
Report Details
Report Title
Cladding (Metalworking) Service Market Research Report
By Type
Roll Bonding, Explosive Welding, Laser Cladding
By Application
Aircraft and Aerospace, Automotive Industry, Oil and Gas, Mining and Construction, Others
By Companies
TWI Ltd, American Roller Company, SMT Clad Middle East FZE, Vincent Clad Metals, GLENALMOND GROUP (IODS), IHC IQIP B.V., Castolin Eutectic, Synergy Additive Manufacturing, Laser Cladding Services, RK FACADE PVT LTD, Preco, NobelClad, Spur Industries, Oerlikon Metco
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Cladding (Metalworking) Service Market Report Segments:
The global Cladding (Metalworking) Service market is segmented on the basis of:
Types
Roll Bonding, Explosive Welding, Laser Cladding
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aircraft and Aerospace, Automotive Industry, Oil and Gas, Mining and Construction, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- TWI Ltd
- American Roller Company
- SMT Clad Middle East FZE
- Vincent Clad Metals
- GLENALMOND GROUP (IODS)
- IHC IQIP B.V.
- Castolin Eutectic
- Synergy Additive Manufacturing
- Laser Cladding Services
- RK FACADE PVT LTD
- Preco
- NobelClad
- Spur Industries
- Oerlikon Metco
 Service Market Overview.svg)
Highlights of The Cladding (Metalworking) Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Roll Bonding
- Explosive Welding
- Laser Cladding
- By Application:
- Aircraft and Aerospace
- Automotive Industry
- Oil and Gas
- Mining and Construction
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cladding (Metalworking) Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cladding is a metalworking service that is used to cover the outside of a piece of metal with another material.
Some of the major players in the cladding (metalworking) service market are TWI Ltd, American Roller Company, SMT Clad Middle East FZE, Vincent Clad Metals, GLENALMOND GROUP (IODS), IHC IQIP B.V., Castolin Eutectic, Synergy Additive Manufacturing, Laser Cladding Services, RK FACADE PVT LTD, Preco, NobelClad, Spur Industries, Oerlikon Metco.
The cladding (metalworking) service market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cladding (Metalworking) Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cladding (Metalworking) Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cladding (Metalworking) Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cladding (Metalworking) Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cladding (Metalworking) Service Market Size & Forecast, 2018-2028
4.5.1 Cladding (Metalworking) Service Market Size and Y-o-Y Growth
4.5.2 Cladding (Metalworking) Service Market Absolute $ Opportunity
Chapter 5 Global Cladding (Metalworking) Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cladding (Metalworking) Service Market Size Forecast by Type
5.2.1 Roll Bonding
5.2.2 Explosive Welding
5.2.3 Laser Cladding
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cladding (Metalworking) Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cladding (Metalworking) Service Market Size Forecast by Applications
6.2.1 Aircraft and Aerospace
6.2.2 Automotive Industry
6.2.3 Oil and Gas
6.2.4 Mining and Construction
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cladding (Metalworking) Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cladding (Metalworking) Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cladding (Metalworking) Service Analysis and Forecast
9.1 Introduction
9.2 North America Cladding (Metalworking) Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cladding (Metalworking) Service Market Size Forecast by Type
9.6.1 Roll Bonding
9.6.2 Explosive Welding
9.6.3 Laser Cladding
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cladding (Metalworking) Service Market Size Forecast by Applications
9.10.1 Aircraft and Aerospace
9.10.2 Automotive Industry
9.10.3 Oil and Gas
9.10.4 Mining and Construction
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cladding (Metalworking) Service Analysis and Forecast
10.1 Introduction
10.2 Europe Cladding (Metalworking) Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cladding (Metalworking) Service Market Size Forecast by Type
10.6.1 Roll Bonding
10.6.2 Explosive Welding
10.6.3 Laser Cladding
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cladding (Metalworking) Service Market Size Forecast by Applications
10.10.1 Aircraft and Aerospace
10.10.2 Automotive Industry
10.10.3 Oil and Gas
10.10.4 Mining and Construction
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cladding (Metalworking) Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cladding (Metalworking) Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cladding (Metalworking) Service Market Size Forecast by Type
11.6.1 Roll Bonding
11.6.2 Explosive Welding
11.6.3 Laser Cladding
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cladding (Metalworking) Service Market Size Forecast by Applications
11.10.1 Aircraft and Aerospace
11.10.2 Automotive Industry
11.10.3 Oil and Gas
11.10.4 Mining and Construction
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cladding (Metalworking) Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Cladding (Metalworking) Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cladding (Metalworking) Service Market Size Forecast by Type
12.6.1 Roll Bonding
12.6.2 Explosive Welding
12.6.3 Laser Cladding
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cladding (Metalworking) Service Market Size Forecast by Applications
12.10.1 Aircraft and Aerospace
12.10.2 Automotive Industry
12.10.3 Oil and Gas
12.10.4 Mining and Construction
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cladding (Metalworking) Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cladding (Metalworking) Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cladding (Metalworking) Service Market Size Forecast by Type
13.6.1 Roll Bonding
13.6.2 Explosive Welding
13.6.3 Laser Cladding
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cladding (Metalworking) Service Market Size Forecast by Applications
13.10.1 Aircraft and Aerospace
13.10.2 Automotive Industry
13.10.3 Oil and Gas
13.10.4 Mining and Construction
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cladding (Metalworking) Service Market: Competitive Dashboard
14.2 Global Cladding (Metalworking) Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TWI Ltd
14.3.2 American Roller Company
14.3.3 SMT Clad Middle East FZE
14.3.4 Vincent Clad Metals
14.3.5 GLENALMOND GROUP (IODS)
14.3.6 IHC IQIP B.V.
14.3.7 Castolin Eutectic
14.3.8 Synergy Additive Manufacturing
14.3.9 Laser Cladding Services
14.3.10 RK FACADE PVT LTD
14.3.11 Preco
14.3.12 NobelClad
14.3.13 Spur Industries
14.3.14 Oerlikon Metco
