Global Metal Fabrication Equipment Market by Type, By

NEW YORK, Jan. 25, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Metal Fabrication Equipment Market by Type, Application, Regional Outlook, Industry Analysis Report and Forecast 2021-2027″ – https://www .reportlinker.com/p06222256/?utm_source=GNW The equipment is used in a wide variety of business areas where the development of metal components plays a crucial role.Furthermore, metal fabrication equipment provides better results than conventional equipment due to various technological improvements taking place in the industry.This will further boost the growth of the metal fabrication market over the forecast period.Many engineers and architects prefer to work with steel and assemble steel products.These manufacturers are used to manufacture different steel components such as handrails, girders, steel beams, ladders and platforms for developing basic structures for warehouses, bridges, buildings and various megastructures.Today, it is not even possible to consider the construction industry without metal fabrication.Welding involves joining two or more pieces of metal using pressure and heat.To this end, metal fabrication equipment is used to fabricate metals of any shape or size.Companies using metal fabrication equipment can develop any kind of metal from copper, aluminum, iron, etc. through a variety of welding processes such as metal inert gas (MIG) welding, tungsten inert gas (TIG) welding, and stick or arc welding. 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The company chooses gas tungsten arc welding or TIG welding, especially for complex projects made of heavy metals.Welders use advanced welding tools and equipment such as TIG welders or tungsten electrodes to create short arcs on heavy metals.Due to the use of shielding gas, this type of welding machine produces very little welding fumes.This procedure utilizes solid wire electrodes to continuously and rapidly weld while protecting the metal from external elements.COVID-19 Impact Analysis The outbreak of the COVID-19 pandemic has negatively impacted the metal fabrication equipment market.The implementation of various regulations, such as total lockdowns, social distancing norms and import and export bans, disrupted cross-border raw material supply chains.Demand for various medical equipment, beds and other products has forced the government to allow limited labor in the production of these products, which has underpinned the demand for metal fabrication equipment.However, as things get back on track and the government has lifted restrictions on manufacturing units, demand for metal fabrication equipment will surge in the coming years.Market Growth Factors Expansion of the Global Industrial Sector High Growth in the Industrial Sector The world is heading towards capitalism.Some manufacturers are opting for key strategies, such as reskilling employees or rearranging jobs to acquire and retain talent.In addition, manufacturers are improving their supply chains by adopting various advanced solutions to gain a competitive advantage in the market.The availability of many of the latest technologies is helping companies and manufacturers to increase the efficiency of their production cells.The customization of metal fabrication equipment can reduce waste There are many metal fabrication equipment manufacturers that can provide equipment customization services according to customer requirements.Different companies have different requirements, depending on the raw materials they use to make the final product and the environment they are in.Many companies deal with delicate raw materials that require careful handling, so the manufacture of such materials should also accommodate it.Market Limiting Factors Possibilities of Mechanical Failures Any type of machinery, equipment and tools used in a manufacturing cell has a high probability of mechanical and technical failures.To get high efficiencies from such devices, companies need to make sure they work under the right conditions.These machines require maintenance and regular inspections to ensure their high efficiency and better results.Type Outlook Based on type, the metal fabrication equipment market is segmented into cutting, machining, welding, bending, and others.Metal cutting equipment captured the largest revenue share in the metal fabrication equipment market in 2020 and is expected to exhibit a considerable growth rate over the forecast period.This is due to growing demand from end-use industries such as automotive, as well as growing industrial sectors in emerging countries.Application Outlook Based on application, the metal fabrication equipment market is segmented into job shop, automotive, aerospace and defense, mechanical applications, and others.The job shop segment is estimated to gain the largest share in the metal fabrication market during the forecast period.A job shop refers to a manufacturing process in which a small group of customized products is manufactured.In addition, processing shops are very frequently transferred from one kind of goods to another, therefore, high-precision equipment is required in the manufacture of different metal products.Regional Outlook Analyzed by region, the metal fabrication equipment market spans North America, Europe, Asia Pacific and LAMEA.Asia Pacific emerged as the leading region with the highest market share for metal fabrication equipment in 2020 and is expected to maintain this dominance over the forecast period.The presence of emerging countries such as China and India, as well as highly industrialized countries such as South Korea and Japan, which have the largest manufacturing industries, will drive the demand for metal fabrication equipment in the region.The main strategy followed by the market players is product launch. Based on the analysis in the cardinality matrix; TRUMPF GmbH + Co. KG, Amanda Holdings Co. Ltd., Bystronic Laser AG and IPG Photonics Corporation are the pioneers in the metal processing equipment market.Companies such as OMAX Corporation, Jenoptik AG, Colfax Corporation, Messer Cutting Systems GmbH are some of the key innovators in the market.The market research report covers the analysis of the key stakeholders of the market.Major 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. Recent strategic partnerships, collaborations and agreements deployed in the metal fabrication equipment market: September 2021: TRUMPF has entered into a partnership with Starmatik, an Italian specialist in robotic automation of sheet metal processing machines.The partnership aims to increase the supply of specific modular solutions to TRUMPF’s smart factory solutions that take into account the general trend of automation.Through this partnership, customers can benefit from significant process acceleration.September 2021: AMADA extends its partnership with French multinational unified oil and gas company TotalEnergies.The partnership aims to supply Amada Europe’s plants with original equipment oils and lubricants, as well as a range of Amada’s proprietary lubricants.December 2020: Trumpf has entered into a partnership with Jungheinrich, a German company in the warehousing, material handling equipment and logistics engineering industries. In this partnership, Trumpf will provide the production control software TruTops to help producers improve logistics efficiency.In addition, Jungheinrich will automatically transport sheet metal components between various storage locations and machine instruments.August 2020: Trumpf collaborates with the renowned research institute Fraunhofer IPA.The partnership aims to introduce artificial intelligence (AI) solutions for industrial-scale connected production.Additionally, the two companies will expand AI leadership in sheet metal manufacturing.Acquisitions and mergers: November 2021: Bystronic acquires Antiil, an automation specialist and advanced technology company.With this acquisition, Bystronic will expand its product portfolio in important areas so that it can effectively meet the needs of consumers.March 2021: Trumpf acquires US-based software company Lantek.The acquisition focuses on efficiency and interconnected sheet metal manufacturing, while enabling a portfolio of smart factory solutions.With this acquisition, Lantek will assist Trumpf in systematically solving the sheet metal process chain, regardless of machines from different manufacturers.April 2020: Amada acquires MacGregor Welding Systems, the market leader in microwelding technology.Through this acquisition, Amada will grow through the efficient cooperation of the teams of the two companies and further develop a new variety of welding products and resistance welding that meet the needs of modern industrial consumers around the world.January 2020: AMADA acquires LKI Käldman, solutions for FMS and intralogistics and automation of sheet metal handling.With this acquisition, AMADA will meet the growing demand for automation equipment and the integration of fiber laser cutting machines, which will also meet the automation requirements of European consumers.Product launches and product expansions: October 2021: TRUMPF introduces the TruLaser Weld 1000, the entry-level machine for computerized laser welding.The product will help sheet metal manufacturers move to automated laser welding.It enables small businesses to take advantage of automated laser welding and fill gaps in the welding market by increasing productivity and gaining an upper hand in the market.September 2021: IPG photonics introduces the LightWELD 1500 XC, a modern portable laser welding machine with new features for post- and pre-weld cleaning operations.This product enables manufacturers to immediately take advantage of cost and time savings compared to traditional post- and pre-weld cleaning techniques.Beyond that, the product will expand functionality and simplicity of use without LightWELD without adding weight and size.July 2021: Messer Cutting Systems introduces the Element 400 cutting machine consisting of the Global Connect onboard controller reconfigured HMI software and unified OmniFab compatibility. Real-time transparency of management, downtime status and production reports shared from PC or tablet.July 2020: IPG Photonics Corporation announces the YLR-U series of near-infrared 1 ? m fiber lasers, the world’s smallest and highest performing kW-class continuous wave ytterbium fiber lasers.The laser is lightweight, compact, and offers advanced features and a record power-to-volume ratio.These lasers are designed to manage a variety of drilling, welding and drilling applications.February 2020: Amada introduces ENSIS Ajis, LCG3015AJII and IoT enabled process control software.This solution helps improve the beam with the help of beam modulation.It self-regulates properly, thus providing an improved finish and the ability to cut thick or thin metal on the same machine.Geographical Expansion: October 2021: Bystronic announced the expansion of its geographic footprint by establishing a new Americas headquarters.With this expansion, the company will be able to assemble machines in the United States and reduce the need to import machines from Europe.Considering global supply chain constraints, this will significantly reduce shipping and delivery costs, a valuable competitive advantage.Research Areas Covered in Report: By Type• Cutting• Welding• Bending• Machining• Other Types By Application• Shop• Automotive• Aerospace & Defense• Mechanical Components• Other Applications By Geography• North America o USo Canada o Mexico o North America Other Region • Europe Germany o UKo France Russia o Spain o Italy o Rest of Europe • Asia Pacific China o India o Japan o Australia o Korea o Singapore o Rest of Asia Pacific • LAMEAo Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, Other LAMEA Company Profiles• 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 Unique Products • Extensive coverage • Largest number of market tables and data • Subscription offers iption-based models • Best price guaranteed • Guaranteed post-sale research support, 10% free customization Read full report: https://www.reportlinker.com/p06222256/ ?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution.Reportlinker finds and organizes the latest industry data so you can get all the market research you need right away in one place.______________________________