Metal Working Global Market Report 2024

Description

“Metal Working Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on metal working market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for metal working? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The metal working market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Cutting; Forming; Welding; Stamping; Punching; Rolling; Other Types
2) By Segment: Structural Steel Fabrication; Architectural Aluminum Fabrication; Architectural Steel Fabrication; Pre-Fabricated Buildings; Pre-Engineered Buildings; Other Segments
3) By Application: Oil And Gas; Mining; Energy And Utilities; Water; Industrial And Logistics; Building Construction; Other Applications
Companies Mentioned: Atlas Copco Group; BTD Manufacturing Inc.; Colfax Corporation; DMG Mori Co Ltd.; HMT Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Metalworking is the process of forming objects from metal to create useful tools, items, equipment parts, and structures with skill and precision. It involves both the art of shaping metal and modifying its form to suit specific applications.

The main types of metalworking include cutting, forming, welding, stamping, punching, rolling, and others. Cutting is a method employed to shape a product by removing excess material using various tools. Different segments within metalworking include structural steel fabrication, architectural aluminum fabrication, architectural steel fabrication, pre-fabricated buildings, pre-engineered buildings, and others. These metalworking processes find applications in various industries, including oil and gas, mining, energy and utilities, water, industrial and logistics, building construction, and more.

The metal working market research report is one of a series of new reports from The Business Research Company that provides metal working market statistics, including metal working industry global market size, regional shares, competitors with a metal working market share, detailed metal working market segments, market trends and opportunities, and any further data you may need to thrive in the metal working industry. This metal working market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The metal working market size has grown steadily in recent years. It will grow from $11.03 billion in 2023 to $11.53 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth observed in the historical period can be attributed to factors such as materials innovation and development, the integration of automation and CNC (Computer Numerical Control) technology, globalization and market expansion, increased demand for specialized components, and shifts in manufacturing practices.

The metal working market size is expected to see steady growth in the next few years. It will grow to $13.46 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The anticipated growth in the forecast period can be attributed to the adoption of additive manufacturing, global market expansion, a focus on sustainable practices, advancements in smart manufacturing, and an increase in demand for customization. Major trends expected in this forecast period include the integration of Industry 4.0 technologies, the development of advanced materials, increased adoption of additive manufacturing, a focus on sustainability and green practices, and advancements in precision machining and CNC (Computer Numerical Control) technologies.

The anticipated growth in manufacturing industries is set to drive the expansion of the metalworking market in the future. Manufacturing industries encompass various sectors involved in the production of goods using manual labor or machinery, managing industrial equipment installation and repair, and outsourcing work to third parties. The significance of the metalworking industry lies in its provision of machinery and materials essential for shaping and sizing, particularly in construction and automobile-related metalworking. For example, data from the US Bureau of Labor Statistics in April 2023 indicated an increase in the number of establishments in private industry's fabricated metal product manufacturing, rising from 59,265 establishments in the 4th quarter of 2021 to 60,032 establishments in the 3rd quarter of 2022. Therefore, the growth of manufacturing industries is a driving force behind the expansion of the metalworking market.

The escalating demand for electronic devices is expected to further propel the growth of the metalworking market. Electronic devices encompass a diverse range of devices utilizing electronic components for functionality. Metalworking services play a pivotal role in manufacturing consumer electronics, ensuring the production of precision metal components for devices such as smartphones and laptops. According to the Japan Electronics and Information Technology Industries Association in May 2023, total electronic device production in Japan accounted for $6,722 million (¥771,457 million), with consumer electronics device production reaching $280 million (¥32,099 million) compared to $230.9 million (¥25,268 million) in May 2022. Therefore, the increasing demand for electronic devices is poised to drive the growth of the metalworking market.

The expansion of advanced manufacturing facilities is a key trend gaining traction in the metalworking market. Major market players are directing efforts toward establishing manufacturing facilities extensively used in the metal and steel industry, automotive sector, and aerospace business. For instance, in November 2022, Kennametal Limited, a US-based manufacturer and distributor of tools and solutions for metalworking, mining, and oil industries, inaugurated a new Metal Cutting inserts manufacturing facility. This state-of-the-art facility consolidates inserts manufacturing operations with intelligent manufacturing systems for improved quality and consistency, supporting the growing demand from the Asia-Pacific market.

Major companies operating in the metalworking market are placing emphasis on the development of robotic welding products, such as robotic welders, to capture market share and enhance their product offerings. Robotic welders automate the welding process in manufacturing, improving precision and efficiency through robotic arms programmed for welding metal components, leading to enhanced productivity and consistent weld quality. For example, in April 2023, Kemppi Oy, a Finland-based family-owned welding company, introduced the Kemppi AX MIG Welder, a robust robotic welding system designed for seamless integration, user-friendly operation, and cutting-edge welding technology. Tailored for high-demand, continuous, and automated welding applications, this system is engineered to excel in tackling challenging tasks and meeting stringent production objectives, boasting precision ignition and a highly accurate seam tracking system for consistent, top-quality welds.

In June 2022, Aussafer Due s.r.l., an Italian-based supplier of services for precision laser cutting, sheet metal processing, and metal fabrication, acquired Ramo for an undisclosed amount. This acquisition is expected to enable Aussafer to expand its services and international presence with cold forming and sheet metal aggregation. Ramo, based in Italy, specializes in sheet metal cold forming and metalworking-related productions.

Major companies operating in the metal working market report are Atlas Copco Group, BTD Manufacturing Inc., Colfax Corporation, DMG Mori Co Ltd., HMT Limited, Robert Bosch GmbH, Komaspect Pte Ltd., Standard Iron & Wire Works Inc., Sandvik AB, Trumpf GmbH + Co KG, Matcor Matsu Group Inc., AMADA Group, Qatar National Aluminum Panel Co, Gulf Steel & Engineering, CLIC Qatar Trading Company WLL, Valmont Industries Inc., Mayville Engineering Company Inc., PMF Industries Inc., Monti Inc., Nucor Corporation, Freeport-McMoRan Inc., United States Steel Corporation, Alcoa Corporation, Steel Dynamics Inc., Reliance Steel & Aluminum Co, O'Neal Manufacturing Services, Ironform Corporation, United Steel Inc., Tenere Inc., Robinson Metal Inc., Morton Industries LLC, Metalcraft of Mayville Inc., The Timken Company, The Bradbury Co Inc.

Asia-Pacific was the largest region in the metal working market in 2023. The regions covered in the metal working market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the metal working market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The metal working market includes revenues earned by entities involved in the forming structure from bare metal servers, laser cutting, welding works, bending works. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11908

1. Executive Summary

2. Metal Working Market Characteristics

3. Metal Working Market Trends And Strategies

4. Metal Working Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Metal Working Market Size and Growth

5.1. Global Metal Working Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Metal Working Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Metal Working Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Metal Working Market Segmentation

6.1. Global Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cutting
Forming
Welding
Stamping
Punching
Rolling
Other Types
6.2. Global Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Structural Steel Fabrication
Architectural Aluminum Fabrication
Architectural Steel Fabrication
Pre-Fabricated Buildings
Pre-Engineered Buildings
Other Segments
6.3. Global Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil And Gas
Mining
Energy And Utilities
Water
Industrial And Logistics
Building Construction
Other Applications

7. Metal Working Market Regional And Country Analysis

7.1. Global Metal Working Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Metal Working Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Metal Working Market

8.1. Asia-Pacific Metal Working Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Metal Working Market

9.1. China Metal Working Market Overview
9.2. China Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Metal Working Market

10.1. India Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Metal Working Market

11.1. Japan Metal Working Market Overview
11.2. Japan Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Metal Working Market

12.1. Australia Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Metal Working Market

13.1. Indonesia Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Metal Working Market

14.1. South Korea Metal Working Market Overview
14.2. South Korea Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Metal Working Market

15.1. Western Europe Metal Working Market Overview
15.2. Western Europe Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Metal Working Market

16.1. UK Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Metal Working Market

17.1. Germany Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Metal Working Market

18.1. France Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Metal Working Market

19.1. Italy Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Metal Working Market

20.1. Spain Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Metal Working Market

21.1. Eastern Europe Metal Working Market Overview
21.2. Eastern Europe Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Metal Working Market

22.1. Russia Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Metal Working Market

23.1. North America Metal Working Market Overview
23.2. North America Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Metal Working Market

24.1. USA Metal Working Market Overview
24.2. USA Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Metal Working Market

25.1. Canada Metal Working Market Overview
25.2. Canada Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Metal Working Market

26.1. South America Metal Working Market Overview
26.2. South America Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Metal Working Market

27.1. Brazil Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Metal Working Market

28.1. Middle East Metal Working Market Overview
28.2. Middle East Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Metal Working Market

29.1. Africa Metal Working Market Overview
29.2. Africa Metal Working Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Metal Working Market, Segmentation By Segment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Metal Working Market, Segmentation By Application:, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Metal Working Market Competitive Landscape And Company Profiles

30.1. Metal Working Market Competitive Landscape
30.2. Metal Working Market Company Profiles
- 30.2.1. Atlas Copco Group
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. BTD Manufacturing Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Colfax Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. DMG Mori Co Ltd.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. HMT Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Metal Working Market Competitive Benchmarking

32. Global Metal Working Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Metal Working Market

34. Metal Working Market Future Outlook and Potential Analysis

34.1 Metal Working Market In 2028 - Countries Offering Most New Opportunities
34.2 Metal Working Market In 2028 - Segments Offering Most New Opportunities
34.3 Metal Working Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer