North America Metal Working and Fabrication Equipment Market – Growth & Forecast (2024 – 2032)

Metalworking is the process of working with metals to create individual parts, assemblies, or large-scale structures. The term covers a wide range of work from large ships and bridges to precise engine parts and delicate jewellery. It, therefore, includes a correspondingly wide range of skills, processes, and tools. Metal fabrication is a process that involves building metal structures by cutting, bending, and assembling. Metal fabrication is a value-added process that encompasses the construction of machines and other structures from various raw materials. Large fabrication shops may employ a range of value-added processes that include welding, cutting, forming, and machining in a single facility.

North America Metal Working and Fabrication Equipment Market Segments Size & Growth:

North America metalworking and fabrication equipment market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include growth in the metal and manufacturing industry, massive industrial growth, growing demand for aluminium, and growth in aviation and automobiles market. However, lack of skilled workforce, the growth of 3D printers, reduction in metal parts by automakers and OEMs, minimum quantity lubrication and near dry machining and issues with raw material availability are thereby hampering the market growth.

North America Metal Working and Fabrication Equipment Market Segments Share:

North America metalworking and fabrication equipment market is categorised into a component type which comprises equipment, services, consumables, software, and Others. Among them, the equipment segment holds the most significant share in the market. By Process Type, the market is segmented into rolling, punching, stamping, welding, forming, cutting, machining, and Others. Among them, the cutting segment holds the most significant share in the market. By Material Type, the market is segmented into Aluminum, Iron, Stainless steel, and Others. Among them, Iron segment holds the most significant share due to its low cost and efficiency. By Deployment Mode, the market is segmented into captive and outsourced. By End-User Industry, the market is segmented into Energy & Power infrastructure, Industrial, Commercial, Residential, Marine & Mining, Automotive, Aerospace & Defense, Construction Building, Electronics, and Others. By Geography, USA is projected to dominate the market with the most significant share because of the growth of several end-user industries in the region, such as automotive, construction, aerospace and defence, and electrical equipment manufacturing is identified to the significant factor for the market’s growth.

North America Metal Working and Fabrication Equipment Market Trends:

• AMADA expanded the Fujinomiya Plant by adding a third factory dedicated to laser machines and a development centre. Situated at the base of Mt. Fuji, these facilities serve as a “source of innovations” with a total area of 760,330.5 m²and have been renamed the Fujinomiya Works. There, products are developed and manufactured based on the 3S+E concept (Safety, Security, Surroundings, and Energy) and from the customers’ viewpoint.
• Many of the country’s rock quarries and open pit mines are already enjoying the advantages of this new opportunity, and in many cases the results exceed expectations. For example, the Atlas Copco SmartROC T35 drill rig is one of the forerunners of this new technology, helping contractors to cut fuel consumption and rig running costs by up to 50%, irrespective of the application.

North America Metal Working and Fabrication Equipment Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

North America diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The primary market players, such as

• Amada
• Atlas Copco
• BTD Manufacturing
• Colfax
• Defiance Metal Products