Metal Fabrication
Market : Overview
Metal
fabrication is the process of creating metallic structures
and machines from raw materials. This process is referred to as value
added process, as it adds some value at certain stage of production.
Metal fabrication workshops work on multiple value added processes in
one plant including cutting, welding, machining and forming. These
workshops offer additional value to customers by providing holistic
services at one place. Metal fabrication workshops are engaged by
original equipment manufacturers (OEMs), value added resellers, and
contractors.
Metal fabricators
offer different processes based on clients' need such as, welding,
punching, forging, brazing, casting, drawing and spinning. Electrical
and hydraulic services are often used in specialized industrial
requirements. Major metal fabrication industry product types include
household product, construction product, security product, hand tools
and general hardware. Metal fabricators cater to demand from various
industry sectors such as agricultural, automotive, commercial
vehicle, construction, military, industrial, government and public,
and oil and gas.
Metal Fabrication
Market : Trends
Nowadays, globally
clients prefer domestic metal fabricators as vendors, considering
fast delivery services, lower overall procurement costs and after
sales support from domestic fabricators. This is one of the factors
encouraging small scale metal fabricators to engage in fabrication
process. Metal fabrication is experiencing significant rise in demand
from construction sector, considering rapid infrastructural
development in developing countries. This is one of the major factors
fostering the growth of metal fabrication market in developing
regions.
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Metal fabrication
industry is increasingly trying to improve the operational efficiency
and adopt new technologies to increase the productivity. Operational
technology and informational technology are increasingly playing an
important role in overcoming challenges faced by metal fabricators.
The operational technology provides solution to cut metal with
greater precision and minimize waste, and reduces the number of
labors employed in the process. Information technology gathers data
throughout the organization and logs them in secure system. This data
can be accessed by applications such as enterprise resource planning
(ERP). In metal fabrication, robot equipment and software such as
computer aided design and computer-aided manufacturing have found
high growth in the last few years in order to automate the
fabrication process.
Metal Fabrication
Market : Regional and Competitive Dynamics
Metal fabrication
market in Asia Pacific is expected to grow at a significant rate in
coming years, considering comparatively lower outsourcing rates
offered, without hampering the quality of a product. Moreover, the
fast infrastructural development is further driving the demand of
metal fabrication in the region. Manufacturers are focusing on
cutting costs of their products via increasing the productivity and
achieving economies of scale.
Metal fabrication
market is highly competitive with the presence of various global as
well as local players. Key Players
involved in metal fabrication market include Mayville Engineering
Company Inc., O’Neal Manufacturing Services, BTD Manufacturing,
Inc., Kapco Inc., Super Steel, Quality Industries, Inc., Robinson
Metal Inc., Impulse Manufacturing, Nu-Way Industries, Remaly
Manufacturing Company Inc., Noble Industries Inc., Standard Iron and
Wire Works Inc., Northern States Metals, Dajcor, Larsen Manufacturing
LLC, Oratech, Gasser & Sons, Inc., and Protomatic.
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to: Regional markets, technology, types, and applications.
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