India Metal Fabrication Equipment Market to Reach USD 130.50 Bn by 2030, Growing at 5.1% CAGR

Market Overview

India Metal Fabrication Equipment Market has been estimated at US$ 92.13 Bn in 2023 and is projected to reach US$ 130.50 BN by 2030, at a CAGR of 5.1% during the forecast period.

This growth is attributed to the robust manufacturing sectors and substantial investments in infrastructure development, particularly in the Asia-Pacific region.

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Regional Developments

• Asia-Pacific: Developing economies such as India, China, and Indonesia, along with industrialized nations like Japan and South Korea, have propelled the Asia-Pacific region to dominate the manufacturing industry in terms of demand for metal fabrication equipment.
• Europe: Europe stands as the second-largest market for metal fabrication equipment, with industrialized countries such as Germany, France, and Italy expected to further fuel demand in the near future.

Mergers and Acquisitions

The metal fabrication sector has witnessed a series of strategic mergers and acquisitions aimed at enhancing service offerings and expanding market reach:

• United States: In October 2023, four U.S.-based industrial manufacturing companies—Summit Steel & Manufacturing Inc., Fairlawn Tool Inc., Laser Specialties Inc., and Summit Storage Solutions—merged to form Caldera Manufacturing Group. This consolidation created one of the largest single-source solution providers within the manufacturing space, offering comprehensive capabilities across various industries.
• Europe: In 2019, Primetals Technologies, a joint venture between Mitsubishi-Hitachi Metals Machinery and Siemens AG, acquired ABP Induction Systems to strengthen its position in the metal fabrication market.
• Asia: In 2023, Kloeckner Metals Corporation expanded its footprint by acquiring National Material of Mexico, a service center and materials supplier serving automotive and industrial end markets in North America with ten facilities in Mexico.

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Key Players and Strategic Moves

Leading companies in the metal fabrication equipment market are actively engaging in M&A activities to enhance their technological capabilities and market presence:

• Desktop Metal: In May 2023, Stratasys agreed to acquire Desktop Metal in an all-stock transaction valuing the combined company at $1.8 billion. However, the acquisition was terminated in September 2023 after Stratasys shareholders voted against it. Subsequently, in July 2024, Nano Dimension announced an agreement to acquire Desktop Metal for $135-183 million in an all-cash transaction.
• Primetals Technologies: After acquiring ABP Induction Systems in 2019, Mitsubishi Heavy Industries acquired Siemens’ 49% stake in Primetals Technologies in 2020, making it a wholly-owned subsidiary and strengthening its position in the metal fabrication equipment market.