DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/xf5tnb/metal_fabrication) has announced the addition of the "Metal Fabrication Equipment Market in the US 2015-2019" report to their offering.
The analysts forecast the metal fabrication equipment market in the US to grow at a CAGR of 1.9% by revenue over the period 2015-2019.
Metal Fabrication Equipment Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the global metal fabrication equipment market in the US and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. The report covers the current scenario and the growth prospects of the metal fabrication equipment market in the US for the period of 2015-2019. To calculate the market size, the report considers revenue generated through the sale of fabrication equipment in the US.
Metal fabrication processes such as welding are evolving technologically. The use of robots, better equipment, and software to automate the welding process are some of the technologies helping the industry to grow. Such technological advancements need to be followed closely to ascertain their impact on the metal fabrication equipment market in the US.
According to the report, the US construction industry had suffered during the 2008-09 recession. The total value of construction prior to recession had peaked in 2006 when it had reached the $1.1667 trillion mark. The total value of construction in 2011 dropped down 28.6% to the lowest level to $0.788 trillion. Since 2012, the industry has been slowly regaining its momentum. The industry confidence is growing with every year registering positive growth. The growth in the construction industry is being led by the commercial, transportation, power, and manufacturing segments. The industry is expected to continue strongly on this growth path. The expected growth in the construction sector will have a positive impact on the metal fabrication market in the US.
Further, the report states that the metal fabrication industry is highly dependent upon skilled labour. However, there are sections in the industry such as welding that are facing a dearth of skilled labour, especially at the entry level. The experienced welders reaching retirement age and shortage of welders at entry level transcends into one of the biggest challenges faced by metal fabrication industry.
The major kinds of processes/techniques available to fabricate metals are listed below:
- Metal forming
Market segmentation by end-user industries:
- Heavy engineering
- Lovegreen Industrial Services
- Scotchman Industries
- West Coast Metal Systems
Other prominent vendors:
- Mayville Engineering
- O'Neal Manufacturing Services
For more information visit http://www.researchandmarkets.com/research/xf5tnb/metal_fabrication