The Metal Working Global Market Report 2023, provides comprehensive information on the metal working market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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https://www.thebusinessresearchcompany.com/report/metal-working-global-market-report
As per The Business Research Company’s Metal Working Global Market Report 2023, the market size is expected to grow from $10.50 billion in 2022 to $11.03 billion in 2023 at a compound annual growth rate (CAGR) of 5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global metal working market size is expected to reach $12.85 billion in 2027 at a CAGR of 3.9%.
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Expansion of advance manufacturing facility is a key trend gaining popularity in the metalworking market. Major market players are concentrating their efforts on establishing manufacturing facilities that is utilized extensively in the metal and steel industry, automotive industry, and aerospace business. For Instance, in November 2022, Kennametal Limited, a US-based manufacturer and distributor of tools and solutions to metalworking, mining, and oil industries, launched new Metal Cutting inserts manufacturing facility. The new state-of-the-art facility consolidates inserts manufacturing operations with intelligent manufacturing systems for improved quality and consistency. The facility helps to support growing demand from the Asia-Pacific market.
The metal working market is segmented:
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
Asia-Pacific was the largest region in the metal working market in 2022.
The table of contents in TBRC’s metal working market report includes:
- Executive Summary
- Metal Working Market Characteristics
- Metal Working Market Trends And Strategies
- Metal Working Market – Macro Economic Scenario
- Metal Working Market Size And Growth
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- Middle East Metal Working Market
- Africa Metal Working Market
- Metal Working Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Metal Working Market
- Metal Working Market Future Outlook and Potential Analysis
Top Major Players
- Atlas Copco Group
- BTD Manufacturing Inc.
- Colfax International
- DMG Mori
- HMT Ltd.
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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