India Metal Fabrication Equipment Market, By Equipment (Machining, Cutting, Forming, Welding, and Others), By End-User (Oil & Gas, Automotive & Aviation, Power Plants, Chemicals & Mining, Construction, and Others) - Trends, Analysis and Forecast till 2030

Report Code: PMI411220 | Publish Date: February 2020 | No. of Pages: 150

India Metal Fabrication Equipment Market Overview

Introduction:

The Indian steel market is recognized as one of the optimistic spots in the global steel industry. Over the past few years, the market has transformed to a great extent. The India metal fabrication market is bifurcated in nature, with a huge number of small- and medium-sized companies and EPC companies. Growing demand for goods and services across various sectors in India, coupled with the fact that global manufacturing companies focus to diversify their production by setting-up low-cost plants in countries, like China and India, is projected to boost the Indian manufacturing sector.

Drivers and Restraints:

Rapid growth in the metal and manufacturing industry in India is the major factor driving the growth of the metal fabrication equipment market. Additionally, rising demand for aluminum and increasing growth in automobiles and aviation market are factors propelling the India metal fabrication equipment market growth. In India, metal fabrication has a huge market, as India is moving toward industrialization, urbanization due to increasing population. Thus, metal fabrication equipment market is projected to grow at a remarkable rate over the forecast period. Further, the automotive market in India is one of the largest in the world. Introduction of advanced versions of an electric vehicle by 2022 speed up the growth of the automotive industry. Automobile market estimates for 7.1 % of the country's gross domestic equipment (GDP). In July 2019, the Singapore-headquartered electronics manufacturing and business services provider Flex Introduced a new manufacturing facility in Chennai, taking the total number of manufacturing facilities of the company in India to four. However, issues with raw material availability, lack of skilled workforce, and the growth of 3D printers are hampering the market growth. Nevertheless, the government is taking lots of initiatives & putting effort to moderate the stringent rules and push for more production of an electric vehicle. This initiative has boosted the automotive industry thereby accelerating the metal fabrication equipment market.

Segmentation:

The India metal fabrication equipment market is segmented based on equipment and end-user.

On the basis of equipment, the India metal fabrication equipment market is segmented into machining, cutting, forming, welding, and others. Based on end-user, the target market is classified into oil & gas, automotive & aviation, power plants, chemicals & mining, construction, and others.

Key Players:   

The key players operating the India metal fabrication equipment market includes Salasar Techno Engineering Ltd., Godrej Process Equipment, Kirby Building Systems, Karamtara Engineering Pvt Ltd., Pennar Group, Zamil Industrial Investment Co, ISGEC Heavy Engineering Ltd., TEMA India, Larsen & Toubro Ltd., and Diamond Group. Prominent players operating in the target market are focusing on the strategic partnerships as well as the launching of the products in order to gain a competitive edge in the target market. For instance, in April 2019, the Modular Fabrication business of L&T Hydrocarbon Engineering, the wholly-owned subsidiary of Larsen & Toubro, was awarded a contract for the process (PAU) and pipe rack (PAR) modules for a process plant, which includes fabrication, procurement, pre-commissioning, and load-out of the modules. The company has modular fabrication facilities located in Gujarat and Chennai, in India.

Detailed Segmentation:

India Metal Fabrication Equipment Market, By Equipment:

  • Machining
  • Cutting
  • Forming
  • Welding
  • Others

India Metal Fabrication Equipment Market, By Distribution Channel:

  • Oil & Gas
  • Automotive & Aviation
  • Power Plants
  • Chemicals & Mining
  • Construction
  • Others

Company Profile:

  • Salasar Techno Engineering Ltd.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies 
  • Godrej Process Equipment
  • Kirby Building Systems
  • Karamtara Engineering Pvt Ltd.
  • Pennar Group
  • Zamil Industrial Investment Co.
  • ISGEC Heavy Engineering Ltd.
  • TEMA India
  • Larsen & Toubro Ltd.
  • Diamond Group

 “*” marked represents similar segmentation in other categories in the respective section

Key Issues Addressed

  • What is the total revenue potential of the India metal fabrication equipment market? How that market is expected to grow during the study period?
  • What are the major growth opportunities in the India metal fabrication equipment market?
  • Which companies are the major players in the India metal fabrication equipment market?

India Metal Fabrication Equipment Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Metal Fabrication Equipment Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Equipment
      • Market Snippet, By End-user
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. India Metal Fabrication Equipment Market, By Equipment, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Machining
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Cutting
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Forming
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Welding
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. India Metal Fabrication Equipment Market, By End-user, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Oil & Gas
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Automotive & Aviation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Power Plants
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Chemicals & Mining
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Construction
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  8. Company Profiles
      • Salasar Techno Engineering Ltd.
        • Company Overview
        • Product Portfolio
        • Key Highlights
        • Financial Overview
        • Business Strategies
      • Godrej Process Equipment
      • Kirby Building Systems
      • Karamtara Engineering Pvt Ltd.
      • Pennar Group
      • Zamil Industrial Investment Co.
      • ISGEC Heavy Engineering Ltd.
      • TEMA India
      • Larsen & Toubro Ltd.
      • Diamond Group
  9. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The India metal fabrication equipment market is segmented based on equipment and end-user.

Rapid growth in the metal and manufacturing industry in India is the major factor driving the growth of the metal fabrication equipment market. Additionally, rising demand for aluminum and increasing growth in automobiles and aviation market are factors propelling the India metal fabrication equipment market growth.

Asia pacific is expected to dominate the market during the forecast year. For Instance, In India, metal fabrication has a huge market, as India is moving toward industrialization, urbanization due to increasing population. Thus, metal fabrication equipment market is projected to grow at a remarkable rate over the forecast period.

The key players operating the India metal fabrication equipment market includes Salasar Techno Engineering Ltd., Godrej Process Equipment, Kirby Building Systems, Karamtara Engineering Pvt Ltd., Pennar Group, Zamil Industrial Investment Co, ISGEC Heavy Engineering Ltd., TEMA India, Larsen & Toubro Ltd., and Diamond Group.