According to the sheet metal equipment market report, increase in demand from end-user industries will be a key driver for market growth. Industrial outputs that had taken a hit in many countries following the global economic recession of 2008 are showing signs of slow recovery. Automation is employed on a large scale in industrial sectors, such as such as automotive, aerospace and defense, electrical and electronics, medical devices, industrial machinery, and renewable energy. This adoption is contributing to these industries'' positive growth and is reflected in the stabilized manufacturing Purchasing Managers Index (PMIs.)
The metal cutting equipment segment accounted for almost 68% of the total sheet metal equipment market shares and dominated this industry. The growth of sheet metal equipment market segment mainly attributes to the demand for metal cutting equipment from the developed countries in Europe and the emerging economies in Asia. Analysts estimate this market segment to grow at a CAGR of more than 7% during the forecast period
The following companies are the key players in the global sheet metal equipment market: Amada, TRUMPF, U.S. Industrial Machinery, DMTG, and DMG Mori. Other prominent vendors in the market are: Allied Machine & Engineering, BYJC-OKUMA (Beijing) Machine Tools, Doosan Infracore, Fair Friend, FANUC, GF Machining Solutions, Haas Automation, Hardinge, JTEKT, Kennametal, Komatsu, Makino Milling Machine, and Sandvik.
APAC will account for the major shares of the sheet metal equipment market throughout the forecast period and also estimates that this region will account for almost 40% of the total market shares by 2020. The rise in investments in major end-user segments such as the automotive and aviation industry in the developing countries such as China and India will drive the growth of the sheet metal tools equipment market in this region.
Global Sheet Metal Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. To calculate the market size, the report discusses the major drivers influencing market growth and the challenges faced by vendors and the market as a whole.
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Sheet metal machinery,Forging, Stamping and Setting Equipment Exhibition