According to a new report Global Metal Fabrication Equipment Market, published by KBV research, The Global Metal Fabrication Equipment Market size is expected to reach $103.43 billion by 2027, rising at a market growth of 9.62% CAGR during the forecast period.
The Welding market is expected to witness a CAGR of 10% during (2021 - 2027). Because there is a broad variety of welding equipment portfolios accessible in different sizes, types, and power. In addition, welding equipment plays a crucial role in various manufacturing verticals due to the operational necessity of welding and making metals for distinct fabrication requirements.
The Automotive market is expected to witness a CAGR of 9.3% during (2021 - 2027). As automotive segment creates a huge demand for metal fabrication equipment since they consistently develop different designs and materials combinations for the manufacturing of automobiles. Factors like growing improvements in technologies and simplified operations have added to the sustainable demand for such equipment across different industries.
The Asia Pacific market dominated the Global Machining Fabrication Equipment Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $44.96 billion by 2027. The Europe market is expected to witness a CAGR of 8.8% during (2021 - 2027). Additionally, The North America market is expected to witness a CAGR of 7.1% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/metal-fabrication-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Bystronic Laser AG, IPG Photonics Corporation, Colfax Corporation, TRUMPF GmbH + Co. KG, Amanda Holdings Co. Ltd., Jenoptik AG, Jet Edge International, OMAX Corporation (Hypertherm), and Messer Cutting Systems GmbH.
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