The North America Metal Fabrication Equipment Market would witness market growth of 7.08% CAGR during the forecast period (2021-2027).
Metal fabrication is one of the dangerous tasks since it involves a high risk of life. Labors who handle this heavy equipment, work under extreme heat conditions to melt metals and inhale dangerous chemical and gas fumes during this process. But the usage of correct equipment can help in minimizing safety risks and enhance the efficiency of the manufacturing business. In addition, equipment manufacturers are consistently developing the latest tools and equipment to improve the metal fabrication procedure and hence, support the production of any company.
Steel is one of the byproducts extracted from mines. Mining is the most crucial and complicated process that includes a lot of hard work, several tools, and machinery, which are developed by using metal fabrication tools. The equipment utilized in mining includes trucks, draglines, loaders, and shovels. Such equipment is made by utilizing fabricated steel sections like beams, rails, rods, pipes, grading, and fittings.
The U.S. mining industry includes the detecting of resources for beneficiation, extraction, and processing of naturally formed solid minerals from the earth. There are several metals and other minerals extracted in the US that form a crucial source of raw materials for the U.S. building and chemical industries. All these metals and resources are used for the production of electronics and consumer products. For instance, approximately 65 minerals are needed to make a modern computer as stated by the US Department for Energy.
The USA market dominated the North America Cutting Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.95 billion by 2027. The Canada market would showcase a CAGR of 7% during (2021 - 2027). Additionally, The Mexico market is experiencing a CAGR of 9.1% during (2021 - 2027).
Based on Type, the market is segmented into Cutting, Welding, Bending, Machining, and Other Types. Based on Application, the market is segmented into Job Shops, Automotive, Aerospace and Defense, Mechanical Components, and Other Applications. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Metal Fabrication Equipment Market is Estimated to Reach USD 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.
Scope of the Study
Market Segments Covered in the Report:
By Type
- Cutting
- Welding
- Bending
- Machining
- Other Types
By Application
- Job Shops
- Automotive
- Aerospace and Defense
- Mechanical Components
- Other Applications
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Bystronic Laser AG
- IPG Photonics Corporation
- Colfax Corporation
- TRUMPF GmbH + Co. KG
- Amanda Holdings Co. Ltd.
- Jenoptik AG
- Jet Edge International
- OMAX Corporation (Hypertherm)
- Messer Cutting Systems GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Metal Fabrication Equipment Market, by Type
1.4.2 North America Metal Fabrication Equipment Market, by Application
1.4.3 North America Metal Fabrication Equipment Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Product Launches and Product Expansion: 2017, Jun – 2021, Oct) Leading Players
Chapter 4. North America Metal Fabrication Equipment Market by Type
4.1 North America Cutting Market by Country
4.2 North America Welding Market by Country
4.3 North America Bending Market by Country
4.4 North America Machining Market by Country
4.5 North America Other Types Market by Country
Chapter 5. North America Metal Fabrication Equipment Market by Application
5.1 North America Job Shops Market by Country
5.2 North America Automotive Market by Country
5.3 North America Aerospace and Defense Market by Country
5.4 North America Mechanical Components Market by Country
5.5 North America Other Applications Market by Country
Chapter 6. North America Metal Fabrication Equipment Market by Country
6.1 USA Metal Fabrication Equipment Market
6.1.1 USA Metal Fabrication Equipment Market by Type
6.1.2 USA Metal Fabrication Equipment Market by Application
6.2 Canada Metal Fabrication Equipment Market
6.2.1 Canada Metal Fabrication Equipment Market by Type
6.2.2 Canada Metal Fabrication Equipment Market by Application
6.3 Mexico Metal Fabrication Equipment Market
6.3.1 Mexico Metal Fabrication Equipment Market by Type
6.3.2 Mexico Metal Fabrication Equipment Market by Application
6.4 Rest of North America Metal Fabrication Equipment Market
6.4.1 Rest of North America Metal Fabrication Equipment Market by Type
6.4.2 Rest of North America Metal Fabrication Equipment Market by Application
Chapter 7. Company Profiles
7.1 Bystronic Laser AG
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Recent strategies and developments:
7.1.4.1 Partnerships, Collaborations and Agreements:
7.1.4.2 Acquisition and Mergers:
7.1.4.3 Product Launches and Product Expansions:
7.1.4.4 Geographical Expansions:
7.2 IPG Photonics Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Acquisition and Mergers:
7.2.5.2 Product Launches and Product Expansions:
7.3 Colfax Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 TRUMPF GmbH + Co. KG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations and Agreements:
7.4.5.2 Acquisition and Mergers:
7.4.5.3 Product Launches and Product Expansions:
7.5 Amada Holdings Co., Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations and Agreements:
7.5.5.2 Acquisition and Mergers:
7.5.5.3 Product Launches and Product Expansions:
7.5.6 SWOT Analysis
7.6 Jenoptik AG
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.7 Jet Edge International
7.7.1 Company Overview
7.8 OMAX Corporation (Hypertherm)
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Messer Cutting Systems GmbH
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations and Agreements:
7.9.2.2 Product Launches and Product Expansions:
TABLE 1 North America Metal Fabrication Equipment Market, 2017 - 2020, USD Million
TABLE 2 North America Metal Fabrication Equipment Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Metal Fabrication Equipment Market
TABLE 4 Product Launches And Product Expansions– Metal Fabrication Equipment Market
TABLE 5 Acquisition and Mergers– Metal Fabrication Equipment Market
TABLE 6 geographical expansions– Metal Fabrication Equipment Market
TABLE 7 North America Metal Fabrication Equipment Market by Type, 2017 - 2020, USD Million
TABLE 8 North America Metal Fabrication Equipment Market by Type, 2021 - 2027, USD Million
TABLE 9 North America Cutting Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Cutting Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Welding Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Welding Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Bending Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Bending Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Machining Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Machining Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Other Types Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Other Types Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Metal Fabrication Equipment Market by Application, 2017 - 2020, USD Million
TABLE 20 North America Metal Fabrication Equipment Market by Application, 2021 - 2027, USD Million
TABLE 21 North America Job Shops Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Job Shops Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Automotive Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Automotive Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Aerospace and Defense Market by Country, 2017 - 2020, USD Million
TABLE 26 North America Aerospace and Defense Market by Country, 2021 - 2027, USD Million
TABLE 27 North America Mechanical Components Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Mechanical Components Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Other Applications Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Other Applications Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Metal Fabrication Equipment Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Metal Fabrication Equipment Market by Country, 2021 - 2027, USD Million
TABLE 33 USA Metal Fabrication Equipment Market, 2017 - 2020, USD Million
TABLE 34 USA Metal Fabrication Equipment Market, 2021 - 2027, USD Million
TABLE 35 USA Metal Fabrication Equipment Market by Type, 2017 - 2020, USD Million
TABLE 36 USA Metal Fabrication Equipment Market by Type, 2021 - 2027, USD Million
TABLE 37 USA Metal Fabrication Equipment Market by Application, 2017 - 2020, USD Million
TABLE 38 USA Metal Fabrication Equipment Market by Application, 2021 - 2027, USD Million
TABLE 39 Canada Metal Fabrication Equipment Market, 2017 - 2020, USD Million
TABLE 40 Canada Metal Fabrication Equipment Market, 2021 - 2027, USD Million
TABLE 41 Canada Metal Fabrication Equipment Market by Type, 2017 - 2020, USD Million
TABLE 42 Canada Metal Fabrication Equipment Market by Type, 2021 - 2027, USD Million
TABLE 43 Canada Metal Fabrication Equipment Market by Application, 2017 - 2020, USD Million
TABLE 44 Canada Metal Fabrication Equipment Market by Application, 2021 - 2027, USD Million
TABLE 45 Mexico Metal Fabrication Equipment Market, 2017 - 2020, USD Million
TABLE 46 Mexico Metal Fabrication Equipment Market, 2021 - 2027, USD Million
TABLE 47 Mexico Metal Fabrication Equipment Market by Type, 2017 - 2020, USD Million
TABLE 48 Mexico Metal Fabrication Equipment Market by Type, 2021 - 2027, USD Million
TABLE 49 Mexico Metal Fabrication Equipment Market by Application, 2017 - 2020, USD Million
TABLE 50 Mexico Metal Fabrication Equipment Market by Application, 2021 - 2027, USD Million
TABLE 51 Rest of North America Metal Fabrication Equipment Market, 2017 - 2020, USD Million
TABLE 52 Rest of North America Metal Fabrication Equipment Market, 2021 - 2027, USD Million
TABLE 53 Rest of North America Metal Fabrication Equipment Market by Type, 2017 - 2020, USD Million
TABLE 54 Rest of North America Metal Fabrication Equipment Market by Type, 2021 - 2027, USD Million
TABLE 55 Rest of North America Metal Fabrication Equipment Market by Application, 2017 - 2020, USD Million
TABLE 56 Rest of North America Metal Fabrication Equipment Market by Application, 2021 - 2027, USD Million
TABLE 57 Key information – Bystronic Laser AG
TABLE 58 Key Information – IPG Photonics Corporation
TABLE 59 Key Information – Colfax Corporation
TABLE 60 Key Information – TRUMPF GmbH + Co. KG
TABLE 61 Key Information – Amada Holdings Co., Ltd.
TABLE 62 Key Information – Jenoptik AG
TABLE 63 Key information – Jet Edge International
TABLE 64 Key Information – Omax Corporation
TABLE 65 Key information – Messer Cutting Systems GmbH
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions : 2017, Jun – 2021, oct) Leading Players
FIG 5 Recent strategies and developments: Bystronic Laser AG
FIG 6 Recent strategies and developments: IPG Photonics Corporation
FIG 7 Recent strategies and developments: TRUMPF GmbH + Co. KG
FIG 8 Recent strategies and developments: Amada Holdings Co., Ltd.
FIG 9 SWOT Analysis: Amada Holdings Co., Ltd.