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Metal Fabrication Market - Global Industry Analysis, Growth, Trends, Forecast 2024

Metal Fabrication Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024

United States, 30 May 2016 -- Metal fabrication is the process of creating metallic structures and machines from raw materials.

This process is referred to as value added process, as it adds some value at certain stage of production. Metal fabrication workshops work on multiple value added processes in one plant including cutting, welding, machining and forming. These workshops offer additional value to customers by providing holistic services at one place. Metal fabrication workshops are engaged by original equipment manufacturers (OEMs), value added resellers, and contractors.

Metal fabricators offer different processes based on clients' need such as, welding, punching, forging, brazing, casting, drawing and spinning. Electrical and hydraulic services are often used in specialized industrial requirements. Major metal fabrication industry product types include household product, construction product, security product, hand tools and general hardware. Metal fabricators cater to demand from various industry sectors such as agricultural, automotive, commercial vehicle, construction, military, industrial, government and public, and oil and gas.

Metal Fabrication Market : Trends

Nowadays, globally clients prefer domestic metal fabricators as vendors, considering fast delivery services, lower overall procurement costs and after sales support from domestic fabricators. This is one of the factors encouraging small scale metal fabricators to engage in fabrication process. Metal fabrication is experiencing significant rise in demand from construction sector, considering rapid infrastructural development in developing countries. This is one of the major factors fostering the growth of metal fabrication market in developing regions.

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Metal fabrication industry is increasingly trying to improve the operational efficiency and adopt new technologies to increase the productivity. Operational technology and informational technology are increasingly playing an important role in overcoming challenges faced by metal fabricators. The operational technology provides solution to cut metal with greater precision and minimize waste, and reduces the number of labors employed in the process. Information technology gathers data throughout the organization and logs them in secure system. This data can be accessed by applications such as enterprise resource planning (ERP). In metal fabrication, robot equipment and software such as computer aided design and computer-aided manufacturing have found high growth in the last few years in order to automate the fabrication process.

Metal Fabrication Market : Regional and Competitive Dynamics

Metal fabrication market in Asia Pacific is expected to grow at a significant rate in coming years, considering comparatively lower outsourcing rates offered, without hampering the quality of a product. Moreover, the fast infrastructural development is further driving the demand of metal fabrication in the region. Manufacturers are focusing on cutting costs of their products via increasing the productivity and achieving economies of scale.

Metal fabrication market is highly competitive with the presence of various global as well as local players. Key Players involved in metal fabrication market include Mayville Engineering Company Inc., O’Neal Manufacturing Services, BTD Manufacturing, Inc., Kapco Inc., Super Steel, Quality Industries, Inc., Robinson Metal Inc., Impulse Manufacturing, Nu-Way Industries, Remaly Manufacturing Company Inc., Noble Industries Inc., Standard Iron and Wire Works Inc., Northern States Metals, Dajcor, Larsen Manufacturing LLC, Oratech, Gasser & Sons, Inc., and Protomatic.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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Submitted by danny, . on Monday, 30 May 2016 at 4:29 PM
Category: News & Media
 
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