Metal Fabrication Equipment Market
Report ID: SQMIG15J2100
Report ID: SQMIG15J2100
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Report ID:
SQMIG15J2100 |
Region:
Global |
Published Date: March, 2025
Pages:
198
|Tables:
98
|Figures:
75
Metal Fabrication Equipment Market size was valued at USD 75.81 Billion in 2024 and is poised to grow from USD 79.67 Billion in 2025 to USD 118.62 Billion by 2033, growing at a CAGR of 5.1% during the forecast period (2026–2033).
The global metal fabrication equipment industry is experiencing significant transformation driven by robust metal manufacturing sector growth and infrastructure development initiatives. The growth of the market is particularly evident in critical sectors such as automotive, power generation, and construction, where demand for precision-engineered components and structures continues to rise.
The growth in the metal and manufacturing industry is a significant driver for the global metal fabrication equipment market. As these industries expand, the demand for metal fabrication equipment increases due to the essential role these machines play in production processes.
Mounting demand is a direct result of shifting trends in the finance and manufacturing sectors across the globe. The rising population in the Asia Pacific and huge markets for different industry verticals compelled companies to move their manufacturing operations to these developing economies.
Manufacturing companies are the largest consumers of fabrication equipment closely followed by the automotive industry and its auxiliary sectors. The demand & supply for major industries in the metal fabrication market such as aerospace & defense is expected to gain traction over the forecast period.
The rising global population is driving consumption and demand for energy. Rapid industrialization is anticipated to drive the demand for fabrication equipment. However, the high cost of raw materials is expected to be a major restraint for market growth. Nevertheless, technological advancements and efforts to develop customized equipment are anticipated to create business avenues for the manufacturers in the near future.
Rapid growth in the metal and manufacturing industry, growing demand for aluminium and increasing growth in aviation and automobiles market are factors driving the 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.
Market Key Attributes
October 2023: JSP’s Angul unit, located in Odisha, was set to become India’s biggest single-location steel manufacturing plant. The capacity of the current Angul plant is estimated to be 5.6 mtpa per annum. However, the plan was to double it to 11 mtpa and 24 mtpa by 2023 and 2027, respectively. JSP’s steel plant, located in Raghurhat, was also expected to expand its capacity from 3.6 tpa per annum to 9 tpa by 2023. JSP finalized trial production at Angul in 2023 and commercial production by 2024. Jindal Steel and Power expects the Indian steel industry to grow in line with government infrastructure projects and domestic demand.
July 2023: ArcelorMittal Nippon Steel India (AM/ NS India) a joint venture between ArcelorMittal and Nippon Steel, two of the world's leading steelmakers - and Festo India, the world's leading manufacturer and supplier of automation technology and specialized education, announced signing an MoU at the Festo Corporate Center in Stuttgart, Germany. The cooperation will concentrate on the development of the New Age Makers Institute of Technology (NAMTECH), an ArcelorMittal Nippon Steel India education initiative aimed at delivering an integrated model of high-quality engineering and specialized education, with special emphasis on manufacturing and sustainability. NAMTECH started operating an interim campus in the Research Park at IIT Gandhinagar, Gujarat, in August 2023.
Market snapshot - 2026-2033
Global Market Size
USD 72.13 billion
Largest Segment
Metal Machining
Fastest Growth
Metal Welding
Growth Rate
5.1% CAGR
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Global Metal Fabrication Equipment Market is segmented by Type, Technology, Application and region. Based on Type, the market is segmented into Cutting, Machining, Welding, Bending and Others. Based on Technology, the market is segmented into Automated Systems, Manual Systems and Semi-Automatic System. Based on Application, the market is segmented into Job Shops, Automotive, Aerospace & Defense, Mechanical Application and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Analysis by End Use
As per global metal fabrication equipment market analysis, the manufacturing segment dominated the market, holding approximately 37% of the market share in 2024. This significant market position is risen by the robust growth in India's manufacturing sector, especially in automotive, appliances, and industrial equipment production. The government's emphasis on the manufacturing sector through initiatives like "Make in India" and "Skill India" has generated positive economic attitudes among the business community. The manufacturing component of IIP (Index of Industrial Production) demonstrates strong performance, supported by increased production across various sectors. In addition, numerous global OEMs and Tier-1 businesses have established purchasing offices in India, seeking high-quality source goods, which further strengthens the manufacturing segment's position in the market.
As per global metal fabrication equipment market outlook, the construction segment is the fastest-growing segment in the market, with a projected growth rate of approximately 8% during 2025 to 2032. This remarkable growth is primarily driven by increasing infrastructure development activities and the rising demand for pre-engineered buildings and components. The real estate industry in India is witnessing substantial expansion, with projections indicating that more than 40% of the population will live in urban India by 2030. Under the National Infrastructure Pipeline (NIP), India has allocated significant investment budgets for infrastructure development, with substantial portions dedicated to renewable energy, roads & highways, urban infrastructure, and railways. The government's focus on smart cities, green buildings, and various infrastructure initiatives is expected to maintain this segment's strong growth momentum.
Analysis by Service
As per global metal fabrication equipment market forecast, the metal machining segment dominated the market in 2024. This segment's prominence is driven by the growing demand for precision components across various industries including automotive, aerospace, and general manufacturing. The segment's leadership position is reinforced by the widespread adoption of advanced CNC metal machining technologies and automation solutions by Indian manufacturers. The rising focus on quality and accuracy in manufacturing processes, coupled with rising investments in smart manufacturing initiatives, has further strengthened the machining segment's market position. In addition, the segment benefits from India's growing role as a global manufacturing hub, with many international companies setting up their manufacturing facilities in the country.
The metal welding segment is emerging as the fastest-growing segment in the metal fabrication equipment market, with an expected growth rate of approximately 9% during 2025-2032. This remarkable growth is primarily attributed to the rising infrastructure development activities across India, including the construction of metro stations, industrial corridors, and power plants. The segment is witnessing significant technological advancements with the integration of automated metal welding systems and robotics, improving both efficiency and quality of the welding operations. The increasing adoption of advanced welding technologies, coupled with the growing demand from the automotive and construction sectors, is driving this segment's rapid expansion. Moreover, government initiatives promoting domestic manufacturing and infrastructure development are creating substantial opportunities for welding and tubing services.
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North America dominated the market and holds a significant share in the metal fabrication equipment market, driven by strong industrialization, technological advancements, and high demand from automotive, aerospace, and construction sectors. The United States dominates the regional market, with extensive investments in automated fabrication technologies, robotics, and CNC machinery. The presence of leading manufacturers and a well-established supply chain further supports market growth.
The Asia Pacific region is experiencing rapid growth in the metal fabrication equipment market, driven by industrialization, urbanization, and increasing investments in manufacturing sectors. India is witnessing a surge in demand for fabrication equipment, fueled by infrastructure development, the expansion of the automotive industry, and initiatives like “Make in India.” Meanwhile, Japan and South Korea are focusing on automation and robotics in metal fabrication to enhance efficiency and precision.
Europe is a key player in the global metal fabrication equipment market, with a strong focus on automation, precision engineering, and sustainable manufacturing practices. Germany leads the region due to its highly developed automotive and machinery industries, driving demand for advanced fabrication tools and automated welding technologies. Additionally, the European Union’s stringent environmental regulations are promoting the adoption of energy-efficient and sustainable fabrication techniques.
The Middle East and Africa region is gradually expanding its metal fabrication equipment market, primarily driven by the oil & gas, construction, and infrastructure development sectors. The United Arab Emirates (UAE) is leading the adoption of metal fabrication machinery, with a focus on high-quality steel and aluminum fabrication for megaprojects like smart cities and industrial zones.
Latin America region in the metal fabrication equipment market is growing steadily, supported by economic development, industrialization, and infrastructure modernization. Brazil is the largest market in the region, with strong demand from automotive, aerospace, and construction sectors, as well as the presence of major fabrication equipment manufacturers.
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Metal Fabrication Equipment Market Drivers
Rising Adoption of Die Casting to Bolster Market Growth
Rising Manufacturing Plants
Metal Fabrication Equipment Market Restraints
High Initial Installation Cost to Hinder Market Growth
Lack of Professionals
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The global metal fabrication equipment industry is highly competitive, driven by technological advancements, automation, and the growing demand for precision manufacturing across industries such as automotive, aerospace, construction, and industrial machinery. Leading players like Amada Co., Ltd., Trumpf Group, Mitsubishi Electric, Bystronic, and Lincoln Electric are investing in smart manufacturing solutions, CNC automation, and AI-driven fabrication technologies to enhance efficiency and productivity.
Top Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to SkyQuest analysis, the worldwide use of metal fabrication is increasing due to extensive use in all kinds of industries. Some old techniques like sand casting are replaced by die casting. The automotive sector is constantly driving the growth of fabrication as the automotive sector is growing at a CAGR of 5.66% and fabrication is used widely in automotive sector. The metal fabrication equipment market also presents several growth opportunities. Favorable government initiatives and supportive policies can enhance the adoption of metal fabrication equipment, stimulating market growth. The expansion of renewable energy projects, which require extensive metal fabrication for infrastructure and equipment, presents significant opportunities for the market. Furthermore, the trend of relocating manufacturing industries to emerging markets with lower production costs boosts the demand for metal fabrication equipment in these regions. Lastly, the growth in electrical equipment manufacturing, which relies heavily on metal fabrication, offers substantial opportunities for market expansion.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 75.81 Billion |
| Market size value in 2033 | USD 118.62 Billion |
| Growth Rate | 5.1% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Metal Fabrication Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Metal Fabrication Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Metal Fabrication Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Metal Fabrication Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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