PUBLISHER: Grand View Research | PRODUCT CODE: 1433671
PUBLISHER: Grand View Research | PRODUCT CODE: 1433671
North America Sheet Metal Fabrication Equipment Market Size, Share & Trends Analysis Report By Type (Cutting, Shearing), By Application (Job Shops, Automotive), By Region, And Segment Forecasts, 2024 - 2030
North America Sheet Metal Fabrication Equipment Market Growth & Trends:
The North America sheet metal fabrication equipment market size is anticipated to reach USD 11.9 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 6.4% from 2024 to 2030. The market is expected to rise due to technological advancements and expanding end-use sectors including aerospace, construction, and automotive. The market growth for sheet metal fabrication equipment is anticipated to be driven by ongoing developments in metal-cutting machines as well as innovations in laser cutting and waterjet technologies by key players.
Moreover, the continuous improvements in vehicle design and introduction of new advanced material in automotive sector are vital in driving demand for the product. The automobile industry uses sheet metal fabrication equipment extensively for the production of vehicle parts and components. Over the course of the forecast period, the aforementioned reasons are expected to propel the sheet metal fabricating equipment market in North America.
North America's population growth, urbanization, infrastructure development, and demand for carbon-efficient transport system are some of the contributing factors to the automobile industry's expansion. Due to this increase, the demand for different metal building components has been steadily increasing. Furthermore, complex architectural concepts found in many contemporary building projects necessitate the use of specially produced sheet metal roofing materials and decorative panels. The demand for modern sheet metal fabrication machinery, which can develop such parts with precision is expected to surge over the forecast period.
Furthermore, because of their capacity to precisely create sheet metal components, automation, and mass customization in a variety of applications, the demand for advanced mechanized sheet metal cutting machines is on the rise. There is also a necessity to replace aged technology, with new automation-based technology. Due to these factors, the demand for technologically advanced sheet metal cutting machines is expected to increase It is anticipated that industries will keep up this trend as they work to enhance their manufacturing procedures and satisfy changing consumer needs.
The sheet metal fabrication equipment market in North America is crowded and fiercely competitive, with many companies possessing advanced product design and development skills. In addition, new products are being introduced by the major players to meet the demands of the end-use industries. To maintain their market position and expand their market share, the companies operating in the North America market are putting a lot of effort into investing in research and development initiatives.
North America Sheet Metal Fabrication Equipment Market Report Highlights:
- In terms of type, the others segment consists of plate rolls, drilling, polishing, and stamping, which held the largest revenue share of 20.9 % in 2023. This segment is commonly used to manufacture sheet metal components used in metalworking, construction, manufacturing, and other industries
- The cutting segment is anticipated to witness the fastest CAGR of 8.0% over the forecast period, as cutting is the most fundamental process which involves the use of hand-held plasma torches and Computer Numerical Control (CNC) cutters to manufacture the required dimensional sheet metal parts
- Based on application, the job shops segment held the largest revenue share of 31.4% in 2023, as job shops are used to manufacture the sheet metal components as per the customers' requirements (Made-to-order basis- MTO). They require machines that can adjust as per their requirements and specifications
- The mechanical application segment is anticipated to witness the fastest CAGR of 7.5% over the forecast period. This segment is crucial for manufacturing a wide range of components and products such as electric vehicles (EVs) and autonomous systems drives
- Based on country, the U.S. held the largest revenue share of 75.2% in 2023, due to increasing government efforts for the development of public infrastructures in the U.S., growing automobile production, and rising defiance expenditure
- Mexico is anticipated to witness the fastest CAGR of 7.6% over the forecast period, owing to its ability to manufacture and export major and critical components used in the manufacturing of automobiles
- In September 2023, AMADA CO., LTD. launched next-generation large press brakes in its HRB series. This new machine is designed to handle long workpieces and materials from thick sheet metal to thin sheet metal. To improve the system's effectiveness this new product is equipped with an AC servo motor and a two-way piston pump
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Market Segmentation & Scope
- 1.3. Research Scope & Assumption
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources & Third-Party Perspectives
- 1.4.4. Primary Research
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Data Visualization
- 1.7. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. North America Sheet Metal Fabrication Equipment Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Vendor Matrix
- 3.5. Regulatory Framework
- 3.6. North America Sheet Metal Fabrication Equipment Market - Market dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market Opportunity Analysis
- 3.6.4. Market Challenges Analysis
- 3.7. Industry Analysis Tools: North America Sheet Metal Fabrication Equipment Market
- 3.7.1. Porter's Analysis
- 3.7.2. Macroeconomic Analysis
- 3.8. Economic Mega Trend Analysis
Chapter 4. North America Sheet Metal Fabrication Equipment Market: Type Estimates & Trend Analysis
- 4.1. Type Movement Analysis & Market Share, 2022 & 2030
- 4.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 4.2. Cutting
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 4.3. Shearing
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 4.4. Punching
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 4.5. Machining
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 4.6. Welding
- 4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 4.7. Bending
- 4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 4.8. Others
- 4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
Chapter 5. North America Sheet Metal Fabrication Equipment Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2022 & 2030
- 5.1.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 5.2. Job Shops
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 5.3. Automotive
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 5.4. Aerospace & Defense
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 5.5. Mechanical Application
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
Chapter 6. North America Sheet Metal Fabrication Equipment Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2022 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 6.2.2. U.S.
- 6.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 6.2.3. Canada
- 6.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
- 6.2.4. Mexico
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion; Volume, Units)
Chapter 7. North America Sheet Metal Fabrication Equipment Market - Competitive Analysis
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Key Company/Competition Categorization
- 7.3. Participant's Overview
- 7.4. Financial Overview
- 7.5. Product Benchmarking
- 7.6. Company Market Positioning
- 7.7. Competitive Dashboard Analysis
- 7.8. Company Market Share Analysis, 2022
- 7.9. Company Heat Map Analysis
- 7.10. Strategy Mapping
- 7.10.1. Expansions
- 7.10.2. Mergers & acquisitions
- 7.10.3. Partnerships/collaborations
- 7.10.4. Product launches
Chapter 8. Company Profile
- 8.1. Trumpf
- 8.2. DMG Mori Co. Ltd.
- 8.3. Salvagnini
- 8.4. AMADA Co. Ltd.
- 8.5. Coherent Corp.
- 8.6. Flow International Corporation
- 8.7. Koike Aronson, Inc.
- 8.8. Bystronic Laser AG
- 8.9. Winbro
- 8.10. Mazak
- 8.11. Prima Power
- 8.12. Mitsubishi
- 8.13. The Lincoln Electric Company
- 8.14. ESAB Corporation (Colfax Corporation)
- 8.15. Komatsu Industries Corp.
- 8.16. WARDJet
- 8.17. Omax Corporation
List of Tables
- Table 1. North America sheet metal fabrication equipment market estimates and forecasts, by type, 2018 - 2030 (USD Billion; Volume, Units)
- Table 2. North America sheet metal fabrication equipment market estimates and forecasts, by application, 2018 - 2030 (USD Billion; Volume, Units)
- Table 3. North America sheet metal fabrication equipment market estimates and forecasts, by region, 2018 - 2030 (USD Billion; Volume, Units)
- Table 4. Recent developments & impact analysis, by key market participants
- Table 5. U.S. macroeconomic outlook
- Table 6. Canada macroeconomic outlook
- Table 7. Mexico macroeconomic outlook
- Table 8. Company market share, 2023
- Table 9. Company heat map analysis, 2023
List of Figures
- Fig. 1 Information Procurement
- Fig. 2 Primary Research Pattern
- Fig. 3 Primary Research Process
- Fig. 4 Market Research Approaches - Bottom Up Approach
- Fig. 5 Market Research Approaches - Top Down Approach
- Fig. 6 Market Research Approaches - Combined Approach
- Fig. 7 Market Outlook
- Fig. 8 Segmental Outlook
- Fig. 9 Competitive Insights
- Fig. 10 Market Segmentation & Scope
- Fig. 11 Penetration and Growth Prospect Mapping
- Fig. 12 Industry Value Chain Analysis
- Fig. 13 Market Driver Analysis
- Fig. 14 Market Restraint Analysis
- Fig. 15 North America Sheet Metal Fabrication Equipment Market: Type Movement Analysis, 2022 & 2030
- Fig. 16 North America Sheet Metal Fabrication Equipment Market: Application Movement Analysis, 2022 & 2030
- Fig. 17 North America Sheet Metal Fabrication Equipment Market: Regional Movement Analysis, 2022 & 2030
- Fig. 18 Key Company/Competition Categorization
- Fig. 19 Competitive Dashboard Analysis
- Fig. 20 Market Position Analysis
