Report forecasts 1.9 percent CAGR for metal fabricating equipment market through 2019

Dublin-based Research and Markets has released a report that forecasts the metal fabrication equipment market in the U.S. to grow at a CAGR of 1.9 percent by revenue from 2015-2019.

The report, “Metal Fabrication Equipment Market in the US 2015-2019,” is based on an in-depth market analysis with input from industry experts. It includes a discussion of the key vendors operating in this market.

Commenting on the report, an analyst from the research team said, "Metal fabrication processes such as welding are evolving technologically. The use of robots, better equipment, and software to automate the welding process are some of the technologies helping the industry to grow. Such technological advancements need to be followed closely to ascertain their impact on the metal fabrication equipment market in the U.S."

Expected continued growth in the construction sector will have a positive impact on the metal fabrication market in the U.S., the report predicts. Since reaching a low point of $0.788 trillion in 2011, the construction market has been regaining momentum, with growth being led by the commercial, transportation, power, and manufacturing segments.

The report also discusses the dearth of skilled labor in the metal fabrication industry, especially at the entry level.

For more information, visit www.researchandmarkets.com/publication/mdjtvfk/metal_fabrication_equipment.