The France metal fabrication equipment market size is anticipated to register a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for metal fabrication equipment in aerospace and defence industries.
Metal fabrication is a method of bending, cutting, and assembling the metal components. It is used for both custom and stock products The development of machines and various structures from different raw materials is considered in the process of metal fabrication. Metal fabrication equipment are used in manufacturing of spring & wire, nut & bolt, and forging & stamping. Various industries such as automotive, energy utilities, and oil & gas are increasing the demand for metal fabrication equipment in the country.
Most custom metal fabricated products are crafted from a commonly used metals and their alloys. Some of the most popular metal types available for custom metal fabrication include aluminium, brass, copper, gold, iron, nickel, silver, magnesium, tin, titanium, and various grades of steel. The first and most important step is the design of the part/product.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for machining and metal processing is expected to drive the market growth.
- Rising electrical equipment manufacturing is expected to fuel the market growth.
- Increasing use of metal fabrication equipment in construction, oil & gas industries for cutting, machining, forming, and welding processes is projected to drive the market growth.
- High cost of raw materials can restraint the market growth.
- The COVID-19 pandemic halted the production activities across the globe. However, the government relaxations across the globe is expected to recover the market soon.
- Rapid growth of the automotive industry is expected to fuel the market growth.
- Rising global population and rapid industrialization are driving the consumption and demand for energy, stimulating the growth of the market.
- Increasing R&D investments and ongoing technological advancements to develop customized equipment are anticipated to create significant opportunities for the market players in the projected timeline.
Scope of the Report
The report on the France 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.
Attributes
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Details
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Report Title
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Metal Fabrication Equipment Market - France Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Equipment Type (Machining, Cutting, Forming, Welding, and Other Equipment Types), and End-user Industries (Oil & Gas, Manufacturing, Power & Utilities, Construction, and Others)
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Country
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France
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Schuco International, JIER Group, AIA, Hurco, and Hardinge
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France Metal Fabrication Equipment Market Segment Insights
Cutting segment is expected to expand at a rapid pace
On the basis of types, the market is segmented into machining, cutting, forming, welding, and others. The cutting segment is anticipated to expand at a rapid pace due to ongoing technological advancement in the cutting automation technology for fabrication and manufacturing purposes. However, the forming segment is anticipated to expand at a rapid pace during the forecast period owing to outperform in the metal cutting industry.
Manufacturing segment is projected to account for a key market share
Based on end-user industries, the market is classified as oil & gas, manufacturing, power & utilities, construction, and others. The manufacturing segment is expected to account for a key share of the market in the coming years owing to increasing production in the country due to rising foreign investments and government initiatives to boost the manufacturing industry. Fabricated metals have various applications in multiple manufacturing industries such as spring, automotive, and boiler manufacturing. Conversely, the construction segment is anticipated to grow at a healthy rate owing to increasing construction of skyscrapers and commercial buildings.
Segments
The France metal fabrication equipment market has been segmented on the basis of
Types
- Machining
- Cutting
- Forming
- Welding
- Other Equipment
End-user Industries
- Oil & Gas
- Manufacturing
- Power & Utilities
- Construction
- Others
Key Players
- Schuco International
- JIER Group
- AIA
- Hurco
- Hardinge
Competitive Landscape
Key players competing in the France metal fabrication equipment market include Schuco International, JIER Group, AIA, Hurco, and Hardinge
The country is looking forward to more innovative and energy-efficient methods to manufacture components. This, in turn, has created lucrative opportunities for emerging players and new entrants in France. Major industry players are engaging in partnerships, collaborations, and acquisitions to expand their market share.
