Global Metal Fabrication Equipment Market 2016-2020
Our team recognizes the following companies as the key players in the global metal fabrication equipment market: Colfax, DMG Mori, DMTG, TRUMPF, and Yamazaki Mazak.
Other Prominent Vendors in the market are: Amada, Baileigh International, Eagle Bending Machines, JTEKT, Komatsu, Shenyang, and SMTCL.
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Commenting on the report, an analyst from Our team’s team said: “One of the key trends for market growth will be emergence of friction stir welding technology in automotive sector. Friction stir welding is an innovative and novel technique that makes use of frictional heat combined with precisely controlled forging pressure to join two metals. This technique adds high-integrity to the final product, by eliminating the possibility of mechanical distortions as the entire operation is carried out under a low operating temperature.”
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According to the report, introduction of 3D metrology equipment will be a key driver for market growth. With customers becoming more demanding and as the global economic outlook faces new challenges constantly, metal fabricators must deal with the ever-increasing need for greater optical precision and measurement objectives. In the present era of additive manufacturing, 3D metrology equipment like advanced laser scanners are being introduced into the market.
Further, the report states that rise in input costs and material prices in EU will be challenge for the market. The setbacks that plagued the European machine tools industry during the global economic recession of 2008 have been overcome in the past two years. The main factor that is affecting the sector in the post-crisis era is weak domestic demand, with the present growth mostly attributed to emerging markets that are outside Europe. According to CECIMO — the European Association of Machine Tool Industries — Europe accounted for 40% of the global machine tools consumption at the turn of the present millennium, which has fallen to 20% now. Thus, the present rise in demand for production machinery is because of the rapid industrialization drives being undertaken in the developing countries.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit- https://marketreportscenter.com/reports/374150/global-metal-fabrication-equipment-market-2016-2020
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