Market Overview:
The global metal fabrication technology 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 metal fabrication technology in various end-use industries such as construction, automotive, aerospace, manufacturing, energy and power, electronics and others. In terms of type, the software segment is expected to grow at a higher CAGR than the hardware segment during the forecast period. This can be attributed to the growing demand for software solutions that help fabricators reduce wastage and improve efficiency in their operations.
Product Definition:
Metal fabrication technology is the process of shaping metal into different objects through various methods like welding, cutting and bending. It is an important process in manufacturing industries as it helps to create products from raw materials.
Software:
Software is the part of our daily lives, whether we realize it or not. From a user standpoint, software is a collection of tools that help in carrying out tasks easier and quicker. The most widely used software worldwide is Microsoft Office which includes Word, Excel and PowerPoint.
Hardware:
Hardware is the tools and devices used in metal fabrication technology. It includes mills, lasers, 3D scanners, cutting machines and other equipment. Hardware is an important part of any fabrication process as it helps to increase efficiency & accuracy during the manufacturing process.
Hardware plays a very crucial role in Metal Fabrication Technology (MFT) market as it provides required precision for cutouts and holes which cannot be achieved using software or any other tooling method alone.
Application Insights:
The manufacturing segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to increasing demand for industrial machinery and equipment across the globe. Rapid urbanization coupled with rising income levels has led to an increase in the construction industry, which is a major user of metal fabrication technology worldwide.
Aerospace was another prominent application area for these systems as they offer flexibility and efficiency while reducing costs and time savings over conventional methods of production. Moreover, rapid advancements have been made possible through software solutions that enable users to design complex parts with ease while ensuring precision quality control during manufacturing processes using 3D printers or CNC machines. These factors are anticipated to drive product demand from aerospace applications over the forecast period 1 [ ]. Energy & power is expected to be one of the fastest growing segments owing largely on account of increasing use in renewable energy generation such as wind turbines and solar panels 2 [ ].
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is anticipated to grow at a CAGR exceeding 6% from 2018 to 2030. This growth can be attributed to increasing investments by governments across developing countries such as China, India, Japan, South Korea, Indonesia among others. In addition, rising industrialization coupled with growing demand for consumer electronics products has led major players such as Samsung Electronics Co., Ltd.; Foxconn Technology Group; Xiaomi Corporation; LG Electronics Inc.; Panasonic Corporation; Sony Corporation; Hewlett-Packard Enterprise Development LP among others expand their presence in this region thereby fueling the regional market growth over the forecast period.
Europe was estimated as one of the significant markets for metal fabrication technology.
Growth Factors:
- Increasing demand for metal fabrication in automotive and aerospace industries
- Growing popularity of 3D printing and additive manufacturing technologies
- Rising demand for lightweight and durable metals in construction industry
- Proliferation of advanced manufacturing techniques such as laser cutting, CNC machining, etc.
- Technological advancements in metal fabrication equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Fabrication Technology Market Research Report
By Type
Software, Hardware
By Application
Construction, Automotive, Aerospace, Manufacturing, Energy and Power, Electronics, Others
By Companies
TRUMPF, DMTG, DMG Mori, U.S. Industrial Machinery, Allied Machine & Engineering, Doosan Infracore, Fair Friend Group, FANUC, GF Machining Solutions, Haas Automation, ERPAG, Fishbowl Manufacturing, NetSuite, E2 Shop System, JobBOSS, Global Shop Solutions, Deskera ERP, OptiProERP, ECi Software Solutions, uniPoint Quality Management
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
225
Number of Tables & Figures
158
Customization Available
Yes, the report can be customized as per your need.
Global Metal Fabrication Technology Market Report Segments:
The global Metal Fabrication Technology market is segmented on the basis of:
Types
Software, Hardware
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
Construction, Automotive, Aerospace, Manufacturing, Energy and Power, Electronics, 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:
- TRUMPF
- DMTG
- DMG Mori
- U.S. Industrial Machinery
- Allied Machine & Engineering
- Doosan Infracore
- Fair Friend Group
- FANUC
- GF Machining Solutions
- Haas Automation
- ERPAG
- Fishbowl Manufacturing
- NetSuite
- E2 Shop System
- JobBOSS
- Global Shop Solutions
- Deskera ERP
- OptiProERP
- ECi Software Solutions
- uniPoint Quality Management
Highlights of The Metal Fabrication Technology 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:
- Software
- Hardware
- By Application:
- Construction
- Automotive
- Aerospace
- Manufacturing
- Energy and Power
- Electronics
- 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 Metal Fabrication Technology 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
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- Understanding Competition Scenario
- Product & Brand Management
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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?
Metal fabrication technology is a process used to create metal parts by shaping them using tools and machines. The most common metals used in fabrication are aluminum, brass, copper, steel, and titanium.
Some of the major companies in the metal fabrication technology market are TRUMPF, DMTG, DMG Mori, U.S. Industrial Machinery, Allied Machine & Engineering, Doosan Infracore, Fair Friend Group, FANUC, GF Machining Solutions, Haas Automation, ERPAG, Fishbowl Manufacturing, NetSuite, E2 Shop System, JobBOSS, Global Shop Solutions, Deskera ERP, OptiProERP, ECi Software Solutions, uniPoint Quality Management.
The metal fabrication technology 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 Metal Fabrication Technology 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 Metal Fabrication Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Metal Fabrication Technology 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 Metal Fabrication Technology 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 Metal Fabrication Technology Market Size & Forecast, 2018-2028
4.5.1 Metal Fabrication Technology Market Size and Y-o-Y Growth
4.5.2 Metal Fabrication Technology Market Absolute $ Opportunity
Chapter 5 Global Metal Fabrication Technology 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 Metal Fabrication Technology Market Size Forecast by Type
5.2.1 Software
5.2.2 Hardware
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Metal Fabrication Technology 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 Metal Fabrication Technology Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Automotive
6.2.3 Aerospace
6.2.4 Manufacturing
6.2.5 Energy and Power
6.2.6 Electronics
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metal Fabrication Technology 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 Metal Fabrication Technology 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 Metal Fabrication Technology Analysis and Forecast
9.1 Introduction
9.2 North America Metal Fabrication Technology 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 Metal Fabrication Technology Market Size Forecast by Type
9.6.1 Software
9.6.2 Hardware
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 Metal Fabrication Technology Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Automotive
9.10.3 Aerospace
9.10.4 Manufacturing
9.10.5 Energy and Power
9.10.6 Electronics
9.10.7 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 Metal Fabrication Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Metal Fabrication Technology 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 Metal Fabrication Technology Market Size Forecast by Type
10.6.1 Software
10.6.2 Hardware
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 Metal Fabrication Technology Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Automotive
10.10.3 Aerospace
10.10.4 Manufacturing
10.10.5 Energy and Power
10.10.6 Electronics
10.10.7 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 Metal Fabrication Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Metal Fabrication Technology 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 Metal Fabrication Technology Market Size Forecast by Type
11.6.1 Software
11.6.2 Hardware
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 Metal Fabrication Technology Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Automotive
11.10.3 Aerospace
11.10.4 Manufacturing
11.10.5 Energy and Power
11.10.6 Electronics
11.10.7 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 Metal Fabrication Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Metal Fabrication Technology 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 Metal Fabrication Technology Market Size Forecast by Type
12.6.1 Software
12.6.2 Hardware
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 Metal Fabrication Technology Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Automotive
12.10.3 Aerospace
12.10.4 Manufacturing
12.10.5 Energy and Power
12.10.6 Electronics
12.10.7 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) Metal Fabrication Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Metal Fabrication Technology 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) Metal Fabrication Technology Market Size Forecast by Type
13.6.1 Software
13.6.2 Hardware
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) Metal Fabrication Technology Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Automotive
13.10.3 Aerospace
13.10.4 Manufacturing
13.10.5 Energy and Power
13.10.6 Electronics
13.10.7 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 Metal Fabrication Technology Market: Competitive Dashboard
14.2 Global Metal Fabrication Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TRUMPF
14.3.2 DMTG
14.3.3 DMG Mori
14.3.4 U.S. Industrial Machinery
14.3.5 Allied Machine & Engineering
14.3.6 Doosan Infracore
14.3.7 Fair Friend Group
14.3.8 FANUC
14.3.9 GF Machining Solutions
14.3.10 Haas Automation
14.3.11 ERPAG
14.3.12 Fishbowl Manufacturing
14.3.13 NetSuite
14.3.14 E2 Shop System
14.3.15 JobBOSS
14.3.16 Global Shop Solutions
14.3.17 Deskera ERP
14.3.18 OptiProERP
14.3.19 ECi Software Solutions
14.3.20 uniPoint Quality Management
