The Italy metal fabrication equipment market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for metal fabrication equipment and machining in the country.
Metal fabrication is the creation of machines, structures, and parts by using various raw materials by cutting, bending, and assembling process. Raw materials used for metal fabrication are plate metal, formed metal, welding wire or rod, tube stock, and casting.
Various fabrication shops have specialty process like powder coating and metallurgy. Human labor and automation both are used for manufacturing the metal fabrication equipment.
Automation is gaining popularity as it lowers cost, increases productivity, provide flexibility, perform difficult & different tasks, and provide safety in the manufacturing process. Covid-19 impacted the Italy metal fabrication equipment market and companies are rearranging their working and operations and recovering from it.
Italy Metal Fabrication Equipment Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for fabricated metal products in the market is projected to spur the market during the forecast period.
- Rapid growth of the metal and manufacturing industries and automobile industries are key factors boosting the market.
- Increasing demand for enhanced quality of final products is major factor spurring the growth of the Italy metal fabrication equipment market.
- High cost of metal fabrication equipment and raw materials which is not afforded by small scale industries is expected to hamper the market expansion.
- 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 Italy Metal Fabrication Equipment Market Report
The report on the Italy 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.
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Attributes
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Details
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Report Title
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Italy Metal Fabrication Equipment Market - 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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Types (Manual, Semi-Automatic, and Automatic), Equipment Types (Cutting, Machining, Forming, Welding, and Others) End-users (Manufacturing, Oil & Gas, Power & Utilities, Construction, and Others)
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Regional Scope
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Italy
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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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Colfax, DMG Mori Seiki Co. Ltd., BTD Manufacturing, Kapco, Mactor- Matsu Group Inc., and Merkul S.R.L
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Italy Metal Fabrication Equipment Market Segment Insights
Type Segment Analysis
Based on types, the Italy metal fabrication equipment market is fragmented into manual, semi-automatic, and automatic. The automatic segment is expected to represent a key share of the market in the coming years due to its operational efficiencies to the metal fabrication manufacturers. It increases the rate of manufacturing process and leads to the creation of machines and equipments much faster.
Equipment Type Segment Analysis
On the basis of equipment types, the Italy metal fabrication equipment market is segregated into cutting, machining, forming, welding, and others. The cutting equipment segment is expected to hold a key share of the market and is anticipated to expand at a CAGR of 4.08% during the forecast period due to rising demand of end-users industries and continuous development of industrial sector in the country.
However, the machining equipment type is anticipated to expand at a rapid pace during the forecast period owing to increasing demand across small and medium scale industries and metal workshops in the country.
End-users Segment Analysis
In terms of end-users, the Italy metal fabrication equipment market is segregated into manufacturing, oil & gas, power & utilities, construction, and others. The manufacturing segment is expected to hold a key share of the market in the coming years owing to technological changes taking place in the manufacturing sector.
Manufacturing sector dominates the production of machines and equipments. Italy has its skilled and educated labors, better geographical position in Europe, and it provides the good quality products in the market.
Segments
The Italy metal fabrication equipment market has been segmented on the basis of
Types
- Manual
- Semi-Automatic
- Automatic
Equipment Types
- Cutting
- Machining
- Forming
- Welding
- Others
End-users
- Manufacturing
- Oil & Gas
- Power & Utilities
- Construction
- Others
Key Players
Competitive Landscape
Key players competing in the Italy metal fabrication equipment market include Colfax, DMG Mori Seiki Co. Ltd., BTD Manufacturing, Kapco, Mactor- Matsu Group Inc., and Merkul S.R.L.
Some of these players are highly competitive and are engaged in continuous innovation and business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their profit margins and market shares.
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