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Mayville Engineering, Defiance Metal Products, Ironform Corporation, and Interplex Holdings, have been focused on tie-ups with large OEMs, acquisitions and expansions, cost saving, efficient production management, and logistics to gain a greater share in the global metal fabrication market.0% therein.The opportunity in the global metal fabrication market was pegged at US$16. There has also been continuous growth in global permanent modular construction (PMC) activities over the past few years and this is anticipated to drive the market for metal fabrication in the near future.Rising Popularity of 3D Metal Printing a Major Threat“The rising demand for iron and steel by European and American construction and automobile industries has led to the rising significance of metal fabricators across these regions,” states the author of the study. This adoption is being viewed as a hindrance to the trajectory of the metal fabrication market, specifically in developed economies. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Substantial spending on industrial projects, the development of industrial infrastructure, and interest rate cuts by centralized banking authorities of India have helped promote the demand for steel in the construction sector, thereby driving the Pressure gauge dials Manufacturers demand for metal fabrication. Based on end use, the construction sector held the dominant share in the metal fabrication market in 2015 and is anticipated to retain its lead throughout the forecast period.php?flag. North America will register a 4.. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. On the flip side, the growing popularity of 3D metal printing poses a major threat to the development of the metal fabrication market. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.35 bn in 2015.Geographically, Asia Pacific is the leading market for metal fabrication and in 2015, accounted for just under 43% in terms of revenue.Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services.38 by 2024, expanding at a CAGR of 3. Transparency Market Research finds that the top six players in the global metal fabrication market collectively accounted for a share of less than 6% in 2015.Revenue Generated by Metal Welding Services Higher than that of Any Other SegmentBy service, metal welding accounted for the lead share in the global metal fabrication market with a share of just over 14% in 2015.

Investment in research and development activities is also a key growth strategy adopted by many companies, the author of the TMR study finds. These players, namely O’Neal Manufacturing Services, BTD Manufacturing Inc. However, machining services are anticipated to witness rapid growth in the coming years, registering a 4. This facilitated the company in providing fabricated parts and components for Caterpillar Inc. “Three-dimensional metal printing has become a widely acclaimed technology for metal additive manufacturing,’ the lead analyst states. For instance, O’Neal Manufacturing Services invested US$5 mn on equipment and machinery in May 2014.8% CAGR during the course of the forecast period, higher than any other regional segment. Today, 3D metal printing has gained extensive usage in the aerospace, automotive, and marine sectors, owing to its high quality adherence and high-precision machining operations. This is forecast to be worth US$21.1% CAGR from 2016 to 2024.. The manufacturing industry, on the other hand, is projected to expand at a rate higher than any other end-use segment.

The global metal fabrication market is extremely fragmented and the vendor landscape comprises a large number of unorganized players.

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