India Metal Fabrication Equipment Market has been estimated at US$ XX Bn in 2017 and is projected to reach US$ XX billion by 2026, at a CAGR of XX% during the forecast period.
India metal fabrication equipment market by equipment, by application and by region. Based on equipment, India metal fabrication equipment market is segmented into machining, cutting, forming, welding and others. Oil & gas, automotive & aviation, power plants, chemicals & mining, construction and others. Geographically,
India metal fabrication equipment market is divided into North India, South India, West India and East India.
Growth in the metal and manufacturing industry, growing demand for aluminium, and growth in aviation and automobiles market are factors driving the India metal fabrication equipment market. Metal fabrication has a huge market in India. However, lack of skilled workforce, the growth of 3D printers, and issues with raw material availability are restraining the market growth. Metal fabrication equipment market is expected to grow at a remarkable rate, as the India is moving toward industrialization, urbanization owing to the growing population. Robotic laser welding is trending in the India metal fabrication equipment market.
India Metal Fabrication Equipment Market
Majority of the industrial metal product are manufactured using welding processes. Hence, to carry out welding process the demand for welding equipment is rising. Use of new processes in various industries has led to the requirement of innovative welding technology. Manufacturers are focusing on developing new welding machines and equipment to fulfil the growing demand and meet the need for equipment development on time. Robotic laser welding has gain popularity in the automotive industry owing to the constant need for the perfect joining of two parts. Robotic laser welding can weld parts faster, better, consistently and safely.
Automotive & Aviation is foreseen to grow at high CAGR. Introduction of electric vehicle by 2022 accelerate the growth of automotive. Automotive industry in India is one of the largest in the world. Automobile industry accounts for 7.1 % of the country’s gross domestic equipment (GDP). Government initiative to ban petrol and diesel vehicle by 2022 and to be replaced by electric vehicle. This initiative has positively affected the automotive industry thereby metal fabrication equipment market.
Amada, Atlas Copco, BTD Manufacturing, Colfax, Defiance Metal Equipment s, DMG Mori, Hindustan Machine Tools, Interplex Holdings Pvt. Ltd., Kapco, Komaspect, Lancer Fabtech Pvt. Ltd., Matcor Matsu Group Inc., Sandvik, Standard Iron and Wire Works, Trumpf and Watson.
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Scope of the India Metal Fabrication Equipment Market:
India Metal Fabrication Equipment Market, by Equipment:
- Machining
- Cutting
- Forming
- Welding
- Others
India Metal Fabrication Equipment Market, by End-User:
- Oil & Gas
- Automotive & Aviation
- Power Plants
- Chemicals & Mining
- Construction
- Others
Key Player analysed in India Metal Fabrication Equipment Market:
- Amada
- Atlas Copco
- BTD Manufacturing
- Colfax
- Defiance Metal Equipment s
- DMG Mori
- Hindustan Machine Tools
- Interplex Holdings Pvt. Ltd.
- Kapco
- Komaspect
- Lancer Fabtech Pvt. Ltd.
- Matcor Matsu Group Inc.
- Sandvik
- Standard Iron and Wire Works
- Trumpf
- Watson
- Others
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