The Europe Metal Fabrication Equipment Market would witness market growth of 8.81% CAGR during the forecast period (2021-2027).
Factors like the ever-expanding growth of the metal and manufacturing industry, growing automobile and aviation industries, and increasing investments in R&D activities are estimated to fuel the growth of the metal fabrication equipment market over the forecast period. In addition, governments across the world are making various supportive policies that are expanding the industrial sector of the world.
Aerospace engineering includes the making and designing of almost all types of aircraft ranging from commercial flights to advanced defense aircraft. Such aircraft are made by utilizing metal fabrication equipment in the manufacturing industries. During the production, each stage of making an aircraft requires to be fabricated, integrated, and assembled.
As per the government of the UK, the country is doing well within the aerospace and automotive industries, followed by plastic and general engineering. Several domestic companies in the UK are framing various initiatives to educate the workforce regarding the efficient operations of the manufacturing units. In addition, there is a high rate of deployment of advanced solutions within the manufacturing sector of the UK, fueling the demand for metal fabrication equipment in the regional market.
The Germany market dominated the Europe Bending Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.70 billion by 2027. The UK market would exhibit a CAGR of 7.5% during (2021 - 2027). Additionally, The France market is estimated to grow a CAGR of 9.9% during (2021 - 2027).
Based on Type, the market is segmented into Cutting, Welding, Bending, Machining, and Other Types. Based on Application, thve market is segmented into Job Shops, Automotive, Aerospace and Defense, Mechanical Components, and Other Applications. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Metal Fabrication Equipment Market Size will Hit $103.43 billion by 2027, at a CAGR of 9.62%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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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