Global Shearing Machine Market to Grow at a CAGR of 2.88% During the Period 2017-2021

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Albany, NY -- (SBWire) -- 03/23/2017 --Metal fabrication is the manufacturing process of building metal structures by cutting, bending, and assembling processes. It is a value-added process that encompasses construction of machines and structures from various raw materials. Large fabrication shops employ value-added processes in one facility, including welding, cutting, forming, and machining. These large fabrication shops offer additional value to their customers by restricting the necessity of purchase departments to locate multiple vendors for diverse services. Under ideal circumstances, metal fabrication services usually commence with detailed shop drawings, which include precise measurements. After approval, these move to the fabrication stage. Fabrication shops are primarily employed by contractors, original equipment manufacturers (OEMs) and value-added resellers (VARs). Typical projects could include anything from loose parts, structural frames for buildings and heavy equipment, to stairs and hand railings for buildings.

Technavios analysts forecast the global shearing machine market to grow at a CAGR of 2.88% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global shearing machine market for 2017-2021. To calculate the market size, the report considers the demand for shearing machines. The demand for equipment across all geographies is included in the market size calculation

The market is divided into the following segments based on geography:
APAC
EMEA
Americas

Technavio's report, Global Shearing Machine Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Amada Group
Durmazlar Machinery
HACO
JMT USA
IMAC Italia

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Other prominent vendors
Abbott Vascular
Abiomed
AtriCure
Biosensors International
Biotronik
BioVentrix
C. R. Bard

Market driver
Increased demand for fabricated metal products
For a full, detailed list, view our report

Market challenge
Setbacks in European machine tools manufacturing
For a full, detailed list, view our report

Market trend
Additive manufacturing
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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