Benelux Metal Fabrication Equipment Market by Equipment Types (Machining, Cutting, and Other Equipment Types) and End-users (Manufacturing, Oil & Gas, Construction, Power & Utilities, and Other End-users) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

The Benelux metal fabrication equipment market size is anticipated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand of metal fabrication equipment and machines.

Metal fabrication is the creation of machines, structures, and parts by using various raw materials by cutting and burning, bending, forming, welding, machining, and assembling process. Metal fabrication equipments are used to remove material from a block of metal to build it in a shape. Raw materials used for metal fabrication are plate metal, formed metal, welding wire or rod, tube stock, and casting. Covid-19 impacted the Italy metal fabrication equipment market and companies are rearranging their working and operations and recovering from it.

Metal fabrication is important part of manufacturing industries for building metal components for different use. Favorable geographical location and logistic support for exports encourage international machine builders to set-up their manufacturing operations in the country. Different technological advancements including the implementation of internet of things and automation the metal fabrication equipment market provide better results to manufacturers. Automation is gaining popularity as it reduces cost, increases productivity, provide flexibility, perform difficult and different tasks, and provide safety in the manufacturing process.

Market Trends, Drivers, Restraints, and Opportunities

•  Rising demand for metal fabrication machinery, equipments, and products is expected to spur the market during the forecast period.
• Different applications in multiple industries including boiler manufacturing, spring manufacturing, and other industries are the major factors fueling the market.
• Increasing demand in quality of final products is major factor spurring the growth of the Benelux metal fabrication equipment market.
• Rapid growth of the automobile industry is raising the demand for metal works is key factors spurring the market during the forecast period.
• High cost of equipments and raw materials used is projected to restrict the growth of the market.
• Lack of awareness about the technological changes and innovations act as major challenge that can restrict the market growth during the forecast period.
• R&D investment and technological advancement including automation and 3D printing are estimated to offer immense opportunities for the market players.

Scope of the Report

The report on the Benelux metal fabrication equipment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Market Segment Insights:

The machining segment is projected to account for a large market share

Based on equipment types, the Benelux metal fabrication equipment market is divided into machining, cutting, and other equipment types. The machining segment is expected to constitute a key share of the market during the forecast period owing to high usage of office supplies including paper clips and airplane parts which are boosting the metal forming machinery market. Various industries including automotive, consumer electronics and aerospace are demanding fabricated metal. Growing demand for machinery fabrication equipment in the country is fueling the market. On the other hand, the cutting equipment segment is anticipated to expand at a rapid pace during the forecast period due to growing demand of end-users industries and development of industrial sector in the country.

The manufacturing segment is projected to hold a major market share

On the basis of end-users, the Benelux metal fabrication equipment market is segmented into manufacturing, oil & gas, construction, power & utilities, and other end-users. The manufacturing end-user segment is expected to represent a key share of the market during the forecast period due to technological advancement in the manufacturing sector. There are large numbers of manufacturers from small companies to large corporation that produce variety of products. Belgium is one of the world’s leading manufacturers of copper, lead, radium, cobalt, and zinc. Manufacturing sector dominates the production of metal fabrication equipment.

Segments

Segments Covered in the Report

The Benelux metal fabrication equipment market has been segmented on the basis of

Equipment Types

• Machining
• Cutting
• Other Equipment Types

End-users

• Manufacturing
• Oil & Gas
• Construction
• Power & Utilities
• Other End-users

Key Players

• TRUMPF
• Dalian Machine
• Tool Group Corporation
• DMG Mori Aktiengesellschaft
• Amada 

Competitive Landscape

Key players competing in the Benelux metal fabrication equipment market include TRUMPF, Dalian Machine, Tool Group Corporation, DMG Mori Aktiengesellschaft, and Amada.  Some of these players are engaged in several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.