PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930269
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1930269
The global metal fabrication equipment market is witnessing steady growth, fueled by rapid industrialization, technological advancements, and rising automation across manufacturing sectors. The market was valued at USD 64.64 billion in 2025, projected to reach USD 66.47 billion in 2026, and expected to grow to USD 90.57 billion by 2034, reflecting a CAGR of 3.9% during the forecast period. Asia Pacific dominated the market in 2025 with a 38.7% share, driven by extensive infrastructure development and industrial expansion.
Market Overview
Metal fabrication equipment comprises devices used to transform raw materials into finished products via processes such as cutting, shearing, bending, forming, welding, joining, and surface finishing. These machines find applications in manufacturing facilities, fabrication shops, construction projects, and repair and maintenance operations across industries including automotive, aerospace, construction, electronics, energy, and shipbuilding.
The surge in automotive production, adoption of Industry 4.0 technologies, and rapid urbanization are major growth drivers. According to Global Data, around 170,000 major construction projects were tracked globally in 2024, further increasing demand for metal fabrication equipment. Additionally, post-COVID-19 adoption of IoT, smart sensors, and digital monitoring technologies has enhanced equipment efficiency and predictive maintenance capabilities, bolstering market growth.
Market Dynamics
Drivers:
Restraints:
High capital costs for CNC machines, robotic welding equipment, and laser cutters (ranging between USD 50,000 to USD 100,000) pose a challenge, especially for SMEs, limiting market growth.
Opportunities:
Increasing demand from the construction, renewable energy, and electronics sectors creates lucrative opportunities for market expansion. Adoption of AI-enabled robotic systems and IoT-connected machines improves efficiency, safety, and reduces downtime in manufacturing processes.
Market Segmentation
Cutting equipment dominates the market, accounting for 34% of market share in 2026, driven by automotive, shipbuilding, and heavy machinery sectors. Machining equipment, welding equipment, and bending & forming equipment are projected to grow steadily due to rising global industrial activities.
Steel dominates due to robustness, corrosion resistance, and versatility, while aluminum leads with 34% market share in 2025, used widely in automotive and aerospace. Copper is expected to grow at a CAGR of 3.07%.
Manual machines held 68.63% market share in 2026, preferred in automotive, aerospace, and electronics sectors. Automatic machines are growing steadily with CAGR of 3.06%, driven by Industry 4.0 adoption.
Automotive leads the market in revenue share in 2025 and is projected to grow at a CAGR of 30.04%, fueled by EV production and precision metal component demand. Aerospace & defense and construction sectors follow, accounting for 16% market share in 2025. Electronics, energy, and shipbuilding sectors grow moderately, supported by smart infrastructure and industrial automation adoption.
Competitive Landscape
Key players include Amada Corporation, Trumpf Group, Bystronic Laser AG, DMG Mori, Yamazaki Mazak, Sandvik AB, Okuma Corporation, Hypetherm Associates, and others. Strategies such as product launches, acquisitions, and agreements strengthen their market presence. For example, in June 2024, DMG Mori launched the Lasertec 30 SLM laser cutting machine for automotive and electronics applications.
Conclusion
The global metal fabrication equipment market is poised for significant growth from USD 64.64 billion in 2025 to USD 90.57 billion by 2034, driven by industrialization, automation, and demand for precision components in automotive, aerospace, and construction sectors. Asia Pacific leads the market, with North America and Europe following closely. Technological integration, such as IoT, AI, and Industry 4.0, will further enhance operational efficiency and market expansion.
Segmentation By Equipment Type
By Material Type
By Mode of Operation
By End User
By Region
Key Market Players Profiles in the Report Amada Corporation (Japan), Trumpf Group (Germany), Bystronic Laser AG (Switzerland), Shengyang Machine Tool Co. Ltd. (China), DMG Mori (China), General Technology Group Dalian Machine Tool Co., Ltd. (China), Okuma Corporation (Japan), Sandvik AB (Sweden), Yamazaki Mazak Corporation (Japan), and Hypetherm Associates Inc (U.S.).