AP NEWS

Global Sheet Metal Processing Equipment Market 2018-2022 | Emergence of Friction-stir Welding Technology Drives Growth | Technavio

December 31, 2018

LONDON--(BUSINESS WIRE)--Dec 31, 2018--The global sheet metal processing equipment market research report by predicts the market to post a CAGR of close to 7% during the period 2018-2022.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181231005050/en/

Technavio predicts the global sheet metal processing equipment market to post a CAGR of close to 7% by 2022. (Graphic: Business Wire)

A key driver for the global sheet metal processing equipment market is the increased demand from automotive and aerospace sectors. Sheet metal forming plays a dominant part in the automotive industry despite the advent of carbon fiber. Most high-volume production cars are made from sheet metal that makes metals the main materials used in the automotive industry. The aircraft manufacturing industries use specialized, high-strength, lightweight alloys for manufacturing aircraft parts and bodies. To cut these parts with extreme precision, sheet metal processing equipment such as laser cutting machines are deployed in these industries.

This research report also provides an analysis of the most important trends expected to impact the market outlook during the period 2018-2022. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the emergence of friction-stir welding technology as one of the key trends in the global sheet metal processing equipment market:

Global sheet metal processing equipment market: Emergence of friction-stir welding technology

The friction-stir welding technology imparts high-integrity to the final product and makes it defect-free. The mechanical distortions are excluded as the entire operation takes place under a low operating temperature. The friction stir welding process helps in overcoming the possible limitations that other welding procedures encounter.

“The friction-stir welding technology has found significant prominence in the aerospace sector and it is slowly gaining traction in the automotive sector. The advantages such as inherent mechanical properties and low operating cost make it ideal for automotive applications. One of the most notable advantages of this welding process is that it can work with dissimilar metals. The process permits the welding of various aluminum alloys as well as aluminum and steel,” says a senior research analyst at Technavio.

Global sheet metal processing equipment market: Segmentation analysis

This sheet metal processing equipment market analysis report segments the market by application (metal cutting, metal forming, and metal welding) and geography (the Americas, APAC, and EMEA).

The metal cutting segment held the largest sheet metal processing equipment market share in 2017, accounting for more than 66% of the market. This application segment is expected to dominate the global market throughout the forecast period.

The APAC region led the market in 2017 with more than 52% of the market share, followed by EMEA and the Americas respectively. The APAC region is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20181231005050/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/31/2018 06:42 AM/DISC: 12/31/2018 06:42 AM

http://www.businesswire.com/news/home/20181231005050/en

AP RADIO
Update hourly