Metal Working Global Market Report 2023

Metal Working Global Market Report 2023 – By Type (Cutting, Forming, Welding, Stamping, Punching, Rolling, Other Types), By Segment (Structural Steel Fabrication, Architectural Aluminum Fabrication, Architectural Steel Fabrication, Pre-Fabricated Buildings, Pre-Engineered Buildings, Other Segments), By Application (Oil And Gas, Mining, Energy And Utilities, Water, Industrial And Logistics, Building Construction, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

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Metal Working Global Market Report 2023

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Metalworking refers to the technique of forming objects from metal to produce useful tools, items, equipment parts, and structures skillfully. It combines art of shaping metal and modifying its shape to match the necessary application.

The main metal working types are cutting, forming, welding, stamping, punching, rolling, and others. Cutting refers to a method used to form a product by eliminating extra material with various instruments. The various segments are structural steel fabrication, architectural aluminum fabrication, architectural steel fabrication, pre-fabricated buildings, pre-engineered buildings, and others, that are applied in oil and gas, mining, energy and utilities, water, industrial and logistics, building construction, and others.

The global 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

The global metal working 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%.

The growth of manufacturing industries is expected to propel the growth of the metalworking market going forward. Manufacturing industries are any industries that produce goods using manual labor or machinery. It manages industrial equipment installation and repair, in addition to contracting work out to third parties. The importance of the metalworking industry stems from the fact that it provides the machinery and materials required shape and size for economical operations, where countless uses are there under construction and automobile-related metalworking. For Instance, in April 2023, according to the US Bureau of Labor Statistics, a US-based federal bureau, the number of establishments in fabricated metal product manufacturing in private industry increased from 59265 establishments in the 4th quarter of 2021 to 60032 establishments in the 3rd quarter of 2022. Therefore, the growth of manufacturing industries is driving the growth of metalworking.

Major players in the metal working market are Atlas Copco Group, BTD Manufacturing Inc., Colfax International, DMG Mori, HMT Ltd., Robert Bosch GmbH, Komaspect Pte Ltd., Standard Iron & Wire Works Inc., Sandvik AB, Trumpf SE + Co KG, Matcor Matsu Group, AMADA Group, Qatar National Aluminum Panel Co., Gulf Steel & Engineering, CLIC Qatar Trading Company WLL, and Qatar Technical International Co.

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.

In June 2022, Aussafer Due s.r.l., an Italian-based supplier of services of precision laser cutting, sheet metal processing, and metal fabrication, acquired Ramo for an undisclosed amount. With this acquisition, Aussafer is expected to expand its services and international presence with cold forming and sheet metal aggregation. Ramo is an Italy-based specializing in sheet metal cold forming and metal working related productions.

Asia-Pacific was the largest region in the metal working market in 2022. The regions covered in the global metal working market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the metal working market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The metal working market includes revenues earned by entities involved in the forming structure from bare metal servers, laser cutting, welding works, bending works. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The metal working market research report is one of a series of new reports from The Business Research Company that provides metal working market statistics, including metal working industry global market size, regional shares, competitors with a metal working market share, detailed metal working market segments, market trends and opportunities, and any further data you may need to thrive in the metal working industry. This metal working market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

    Table Of Contents

    1. Executive Summary

    2. Metal Working Market Characteristics

    3. Metal Working Market Trends And Strategies

    4. Metal Working Market - Macro Economic Scenario

    4.1. COVID-19 Impact On Metal Working Market

    4.2. Ukraine-Russia War Impact On Metal Working Market

    4.3. Impact Of High Inflation On Metal Working Market

    5. Metal Working Market Size And Growth

    5.1. Global Metal Working Historic Market, 2017-2022, $ Billion

    5.1.1. Drivers Of The Market

    5.1.2. Restraints On The Market

    5.2. Global Metal Working Forecast Market, 2022-2027F, 2032F, $ Billion

    5.2.1. Drivers Of The Market

    5.2.2. Restraints On the Market

    6. Metal Working Market Segmentation

    6.1. Global Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Cutting

    Forming

    Welding

    Stamping

    Punching

    Rolling

    Other Types

    6.2. Global Metal Working Market, Segmentation By Segment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Structural Steel Fabrication

    Architectural Aluminum Fabrication

    Architectural Steel Fabrication

    Pre-Fabricated Buildings

    Pre-Engineered Buildings

    Other Segments

    6.3. Global Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    Oil And Gas

    Mining

    Energy And Utilities

    Water

    Industrial And Logistics

    Building Construction

    Other Applications

    7. Metal Working Market Regional And Country Analysis

    7.1. Global Metal Working Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    7.2. Global Metal Working Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8. Asia-Pacific Metal Working Market

    8.1. Asia-Pacific Metal Working Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    8.3. Asia-Pacific Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    9. China Metal Working Market

    9.1. China Metal Working Market Overview

    9.2. China Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    9.3. China Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

    10. India Metal Working Market

    10.1. India Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    10.2. India Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11. Japan Metal Working Market

    11.1. Japan Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    11.2. Japan Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12. Australia Metal Working Market

    12.1. Australia Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    12.2. Australia Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13. Indonesia Metal Working Market

    13.1. Indonesia Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    13.2. Indonesia Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14. South Korea Metal Working Market

    14.1. South Korea Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    14.2. South Korea Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15. Western Europe Metal Working Market

    15.1. Western Europe Metal Working Market Overview

    15.2. Western Europe Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    15.3. Western Europe Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16. UK Metal Working Market

    16.1. UK Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    16.2. UK Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17. Germany Metal Working Market

    17.1. Germany Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    17.2. Germany Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18. France Metal Working Market

    18.4. France Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    18.5. France Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19. Eastern Europe Metal Working Market

    19.1. Eastern Europe Metal Working Market Overview

    19.2. Eastern Europe Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    19.3. Eastern Europe Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20. Russia Metal Working Market

    20.1. Russia Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    20.2. Russia Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21. North America Metal Working Market

    21.1. North America Metal Working Market Overview

    21.2. North America Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    21.3. North America Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22. USA Metal Working Market

    22.1. USA Metal Working Market Overview

    22.2. USA Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    22.3. USA Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23. South America Metal Working Market

    23.1. South America Metal Working Market Overview

    23.2. South America Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    23.3. South America Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24. Brazil Metal Working Market

    24.1. Brazil Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    24.2. Brazil Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25. Middle East Metal Working Market

    25.1. Middle East Metal Working Market Overview

    25.2. Middle East Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    25.3. Middle East Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26. Africa Metal Working Market

    26.1. Africa Metal Working Market Overview

    26.2. Africa Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    26.3. Africa Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

    27. Metal Working Market Competitive Landscape And Company Profiles

    27.1. Metal Working Market Competitive Landscape

    27.2. Metal Working Market Company Profiles

    27.2.1. Atlas Copco Group

    27.2.1.1. Overview

    27.2.1.2. Products and Services

    27.2.1.3. Strategy

    27.2.1.4. Financial Performance

    27.2.2. BTD Manufacturing Inc.

    27.2.2.1. Overview

    27.2.2.2. Products and Services

    27.2.2.3. Strategy

    27.2.2.4. Financial Performance

    27.2.3. Colfax International

    27.2.3.1. Overview

    27.2.3.2. Products and Services

    27.2.3.3. Strategy

    27.2.3.4. Financial Performance

    27.2.4. DMG Mori

    27.2.4.1. Overview

    27.2.4.2. Products and Services

    27.2.4.3. Strategy

    27.2.4.4. Financial Performance

    27.2.5. HMT Ltd.

    27.2.5.1. Overview

    27.2.5.2. Products and Services

    27.2.5.3. Strategy

    27.2.5.4. Financial Performance

    28. Key Mergers And Acquisitions In The Metal Working Market

    29. Metal Working Market Future Outlook and Potential Analysis

    30. Appendix

    30.1. Abbreviations

    30.2. Currencies

    30.3. Historic And Forecast Inflation Rates

    30.4. Research Inquiries

    30.5. The Business Research Company

    30.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2017-2022, $ Billion
  • Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
  • Table 3: Global Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 4: Global Metal Working Market, Segmentation By Segment, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 5: Global Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 6: Global Metal Working Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 7: Global Metal Working Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 8: Asia-Pacific, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 9: Asia-Pacific, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 10: China, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 11: China, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 12: India, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 13: India, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 14: Japan, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 15: Japan, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 16: Australia, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 17: Australia, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 18: Indonesia, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 19: Indonesia, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 20: South Korea, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 21: South Korea, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 22: Western Europe, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 23: Western Europe, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 24: UK, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 25: UK, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 26: Germany, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 27: Germany, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 28: France, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 29: France, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 30: Eastern Europe, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 31: Eastern Europe, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 32: Russia, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 33: Russia, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 34: North America, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 35: North America, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 36: USA, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 37: USA, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 38: South America, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 39: South America, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 40: Brazil, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 41: Brazil, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 42: Middle East, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 43: Middle East, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 44: Africa, Metal Working Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 45: Africa, Metal Working Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Table 46: Atlas Copco Group Financial Performance
  • Table 47: BTD Manufacturing Inc. Financial Performance
  • Table 48: Colfax International Financial Performance
  • Table 49: DMG Mori Financial Performance
  • Table 50: HMT Ltd. Financial Performance

List Of Figures

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