This statistic shows the revenue of the industry “fabricated metal product manufacturing“ in the U.S. by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of fabricated metal product manufacturing in the U.S. will amount to approximately ***** billion U.S. Dollars by 2024.

Market Overview:

The Global Sheet Metal Fabrication Machines Market size is projected to grow at a CAGR of 5.8% during the forecast period, 2018-2028. The growth in the market can be attributed to the increasing demand for sheet metal fabrication machines from various end-use industries, such as industrial automation, aerospace and defense, automotive, chemicals and materials, and heavy industry. Based on type, the laser machine segment is projected to lead the global sheet metal fabrication machines market during the forecast period. This growth can be attributed to its ability to fabricate complex shapes with high accuracy and speed. Based on application, industrial automation is projected to lead the global sheet metal fabrication machines market during the forecast period.

Product Definition:

Sheet metal fabrication machines are a type of machine that is used to create sheet metal products. These machines are typically used in the manufacturing and construction industries. Sheet metal fabrication machines can be used to create a variety of different products, such as ductwork, roofs, and car bodies. Sheet metal fabrication machine sales are important because they provide the necessary equipment to create sheet metal products. This type of machinery can include presses, lasers, punches, and brakes to help shape and form metals into the desired product.

Laser Machine:

Laser machines are used in sheet metal fabrication for cutting, drilling, welding, and forming operations. They are majorly used in the automotive industry but also find their application in the aerospace & defense sector and construction industry. The demand for laser equipment is expected to witness significant growth owing to its ability to cut through steel like butter, high accuracy while drilling, and superior quality of welds it produces.

CNC Bending Machine:

CNC Bending Machine is used in the metal fabrication process to form the sheet metal into any required shape. CNC Bending Machines are extensively used in the automotive industry for forming body panels and other parts of vehicles. The usage of these machines reduces human intervention, which helps to increase the production rate significantly. Moreover, it provides high accuracy and repeatability during the process which helps to reduce cost too.

Application Insights:

The industrial automation segment accounted for the largest revenue share of over 40% in 2017 and is anticipated to continue its dominance over the forecast period. The growth can be attributed to increasing demand for automated production lines in manufacturing facilities, which offer flexibility, efficiency, and economies of scale. Automotive application is expected to witness significant growth during the forecast period owing to the rising demand for sheet metal fabrication machines from various automotive manufacturers across the globe. Increasing sales of electric vehicles (EV) are driving global automotive manufacturers towards adopting new technologies that will help them reduce vehicle weight without compromising safety or performance characteristics. This trend is expected to drive demand for sheet metal fabrication machines in the near future as most of these machines are used by auto manufacturers while designing their EV prototypes or production cars, thereby offering a high potential market opportunity for industry participants during the next seven years. The chemicals and materials segment held a considerable share on account of growing chemical processing industries across various regions including the Asia Pacific, the Middle East & Africa.

Regional Analysis:

The Asia Pacific dominated the global market in terms of revenue share in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing foreign investments and favorable government policies implemented for manufacturing sector growth, especially in China and India. In 2015, Asia accounted for more than 50% of total global production volume with China at the top position followed by Japan and South Korea. The Middle East & Africa is projected to grow at a significant rate over the forecast period owing to rapid development taking place across several countries including Saudi Arabia, UAE, Egypt, and Nigeria among others which are considered major Sheet Metal Fabrication Machines (SMMF) producers across the globe due to availability of skilled

This statistic shows the revenue of the industry “fabricated metal product manufacturing“ in Florida from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of fabricated metal product manufacturing in Florida will amount to approximately ******* million U.S. Dollars by 2024.

The global structural steel fabrication market, valued at $120,170 million in 2017 and exhibiting a Compound Annual Growth Rate (CAGR) of 2.3%, is poised for continued expansion. This growth is fueled by robust demand from the construction, automotive, and manufacturing sectors, driven by infrastructure development projects globally and increasing industrial automation. The rising adoption of advanced fabrication techniques, such as laser cutting and robotic welding, contributes to improved efficiency and precision, further stimulating market growth. However, fluctuating steel prices and concerns about environmental sustainability present challenges. The market is segmented by fabrication type (metal welding, forming, cutting, shearing, stamping, rolling, and others) and application (construction, automotive, manufacturing, energy & power, electronics, defense & aerospace, and others). North America and Asia-Pacific are currently the leading regions, but emerging economies in regions like South America and Africa are expected to show significant growth in the coming years due to increasing investments in infrastructure and industrial development. The diverse applications of structural steel, coupled with ongoing advancements in fabrication technologies, ensure sustained market momentum. While fluctuations in raw material costs and potential environmental regulations will impact profitability, the overall trend indicates consistent growth. The competitive landscape is fragmented, with both large multinational corporations and smaller specialized companies operating in the market. Strategic partnerships, technological innovation, and a focus on sustainable practices will be crucial for companies seeking to gain a competitive edge in this evolving landscape. Further market segmentation analyses will reveal nuances within specific geographic regions and application areas, allowing for targeted strategies and optimized resource allocation. The projected market size in 2033 will depend on several factors, including global economic conditions and governmental policies regarding infrastructure development. This report provides a detailed analysis of the global structural steel fabrication market, valued at approximately $150 billion in 2023, projecting robust growth to reach $220 billion by 2030. This growth is driven by burgeoning infrastructure development, a resurgent automotive sector, and expanding renewable energy projects. The report meticulously examines key market segments, prominent players, and emerging trends, offering invaluable insights for investors, industry professionals, and strategic decision-makers.

This statistic shows the revenue of the industry “all other fabricated metal product manufacturing“ in California from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of all other fabricated metal product manufacturing in California will amount to approximately ******* million U.S. Dollars by 2024.

India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data was reported at 6.600 % in 2017. This stayed constant from the previous number of 6.600 % for 2016. India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data is updated yearly, averaging 7.600 % from Mar 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 8.100 % in 2012 and a record low of 6.600 % in 2017. India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Employment data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAG003: Basic Metals: Overview of Annual Survey Industry.

This statistic shows the revenue of the industry “fabricated metal product manufacturing“ in Pennsylvania from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of fabricated metal product manufacturing in Pennsylvania will amount to approximately **** billion U.S. Dollars by 2024.

India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Number of Factories data was reported at 5.000 % in 2017. This records a decrease from the previous number of 5.100 % for 2016. India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Number of Factories data is updated yearly, averaging 5.300 % from Mar 2009 (Median) to 2017, with 9 observations. The data reached an all-time high of 5.600 % in 2010 and a record low of 5.000 % in 2017. India Basic Metals: Annual Survey of Industry: Percentage of Total Manufacturing Industry: Number of Factories data remains active status in CEIC and is reported by CEIC Data. The data is categorized under India Premium Database’s Metal and Steel Sector – Table IN.WAG003: Basic Metals: Overview of Annual Survey Industry.

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Stainless Steel Market Size 2023-2027

The stainless steel market size is forecasted to increase by 10,299.64 thousand tons at a CAGR of 3.38% between 2022 and 2027. Market growth relies on various factors, notably the increased consumption of high-strength stainless steel, propelled by its corrosion resistance and excellent mechanical properties. Additionally, economic expansion in China and India contributes significantly to market growth. As these nations continue to develop industrially and infrastructurally, the demand for stainless steel, particularly for construction and manufacturing applications, is expected to rise. This confluence of factors positions the market for substantial growth in the foreseeable future. Furthermore, the stainless steel market analysis report includes historic market data from 2017 to 2021. The stainless steel market forecast indicates robust expansion, driven by increasing demand for steel across various industries. The stainless steel market size growth is propelled by advancements in production technologies and the rise of sustainable manufacturing practices. Current stainless steel market trends show a surge in applications, particularly in construction and automotive sectors, underscoring its vital role in modern infrastructure.

What will be the Size of the Stainless Steel Market During the Forecast Period?

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Stainless Steel Market Segmentation

The stainless steel market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in 'USD Million' for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

End-user Outlook 

  Metal products
  Mechanical engineering
  Automobile and transportation
  Infrastructure and construction
  Electrical engineering





Product Outlook

  Flat
  Long





Region Outlook

  North America

    The US
    Canada


  Europe

    The UK
    Germany
    France
    Rest of Europe


  APAC

    China
    India


  Middle East and Africa

    Saudi Arabia
    South Africa
    Rest of the Middle East and Africa


  South America

    Argentina
    Brazil
    Chile

By End-user

The market share growth by the metal products segment will be significant during the forecast period. The use of stainless steel in metal products provides an aesthetic appeal, extensive textures, strength, functionality, corrosion resistance properties, and ease of cleaning properties such products, driving the growth of steel manufacturing. The demand for stainless steel for manufacturing metal products is high due to its ease of fabrication and mechanical properties.

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The metal products segment showed a gradual increase in the market share of 20,426.71 thousand t in 2017. Stainless steel is used in jewelry, belt buckles, clips, casings, watch straps and backs, cooker hoods, outdoor kitchen cabinets, worktops, drainers, sinks, and others. It is also used in kitchen vessels due to its hygiene properties, durability, and resilience to food discoloration and spoilage. The shift in consumer preference toward hygienic and easy-to-clean products is likely to increase the demand for stainless steel in metal products during the forecast period.

By Region

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APAC is estimated to account for 76% of the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. APAC has some of the largest stainless steel-producing countries in the world, such as China, Japan, South Korea, and India. China was the largest producer and consumer of stainless steel in 2020. Manufacturers are shifting to the consumption of scrap steel and stainless steel as raw materials to reduce pollution as well as manufacturing costs. These factors will drive the growth of the market in APAC during the forecast period.

Stainless Steel Market Dynamics

The market plays a vital role across various sectors, including residential housing, building & construction, railways, and automotive & transportation. Its resistance to corrosion surpasses that of carbon steel, making it a preferred choice. Renowned companies like Jindal Steel and Daido Steel contribute to its production capacities. Stainless steel finds applications in diverse architectural elements such as railings, roofing, and staircases, offering both pliability and appealing aesthetic properties. Moreover, it serves industrial needs like heat exchangers and tubulars, alongside providing swimming pool shades, canopies, and atriums with durability and low maintenance cost during repair and renovation. The stainless ste

In 2017, imports of vertical machining centres for working metal in Vietnam totaled X units, falling by -X% against the previous year. In general, imports of vertical machining centres for working metal continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2010, when it surged by X% year-to-year. Vietnam imports peaked of X units in 2016, falling back in the following year.In value terms, imports of vertical machining centres for working metal amounted to $X in 2017.

Imports of vertical machining centres for working metal in Finland totaled X units in 2017, surging by X% against the previous year. In general, imports of vertical machining centres for working metal continue to indicate an abrupt drop. The most prominent rate of growth was recorded in 2011, when it surged by X% against the previous year.

This statistic shows the revenue of the industry “fabricated metal product manufacturing“ in Illinois from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of fabricated metal product manufacturing in Illinois will amount to approximately **** billion U.S. Dollars by 2024.

Imports of vertical machining centres for working metal in France totaled X units in 2017, coming up by X% against the previous year. In general, imports of vertical machining centres for working metal continue to indicate a noticeable expansion. The pace of growth was the most pronounced in 2010, an increase of X% from the previous year. In that year, the imports of vertical machining centres for working metal attained its maximum volume of X units.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

GVA: 2014-15p: sa: Contribution to Growth: Manufacturing: Metal Products data was reported at 0.000 Index Point in Jun 2017. This stayed constant from the previous number of 0.000 Index Point for Mar 2017. GVA: 2014-15p: sa: Contribution to Growth: Manufacturing: Metal Products data is updated quarterly, averaging 0.000 Index Point from Dec 1977 (Median) to Jun 2017, with 159 observations. The data reached an all-time high of 0.200 Index Point in Dec 1988 and a record low of -0.300 Index Point in Dec 1982. GVA: 2014-15p: sa: Contribution to Growth: Manufacturing: Metal Products data remains active status in CEIC and is reported by Australian Bureau of Statistics. The data is categorized under Global Database’s Australia – Table AU.A246: SNA08: Gross Value Added: by Industry: Chain Linked: 2014-15 Price: Seasonally Adjusted: Contribution to Growth.

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

Product Market size is rising upward in the past few years And it is estimated that the market will grow significantly in the forecasted period

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Cut Resistant Gloves Market Size 2024-2028

The cut resistant gloves market size is valued to increase USD 1.15 billion, at a CAGR of 10.56% from 2023 to 2028. Risk of physical injuries in labor-intensive industries will drive the cut resistant gloves market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 35% growth during the forecast period.
By Type - Disposable segment was valued at USD 0.00 billion in 2021
By End-user - Automotive segment accounted for the largest market revenue share in 2021

Market Size & Forecast

Market Opportunities: USD 120.52 million
Market Future Opportunities: USD 1145.20 million
CAGR from 2023 to 2028 : 10.56%

Market Summary

The market encompasses the production and distribution of gloves designed to protect wearers from sharp objects and potential cuts in labor-intensive industries. This market is driven by the increasing risk of physical injuries and the subsequent need for safety measures. A notable trend is the adoption of modular cleanrooms, which require workers to wear cut-resistant gloves to maintain a sterile environment. However, the market faces challenges such as the risk of allergic reactions to certain glove materials. According to a study, the global market share for cut-resistant gloves is projected to reach 25% by 2026, underscoring the growing demand for these protective garments.
As industries continue to prioritize worker safety and regulatory compliance, the market will remain a dynamic and evolving space.

What will be the Size of the Cut Resistant Gloves Market during the forecast period?

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How is the Cut Resistant Gloves Market Segmented ?

The cut resistant gloves industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2017-2022 for the following segments.

Type

  Disposable
  Reusable


End-user

  Automotive
  Metal fabrication
  Machinery and equipment
  Construction
  Others


Geography

  North America

    US


  Europe

    Germany
    UK


  APAC

    China
    Japan


  Rest of World (ROW)

By Type Insights

The disposable segment is estimated to witness significant growth during the forecast period.

In the realm of personal protective equipment, cut resistant gloves have gained substantial traction due to their essential role in ensuring occupational safety. These gloves come in various gauge thicknesses, catering to diverse industry requirements. Nitrile coated gloves, a popular choice, offer both cut resistance and water resistance, making them suitable for industries with high hazard potential. Hypoallergenic materials and ergonomic glove designs are increasingly preferred, addressing concerns for user comfort and health. Impact protection ratings, wrist closure options, and cut resistance levels are crucial factors influencing the selection process. Fingertip sensitivity remains a priority for tasks that necessitate dexterity, while wrist closure options ensure a snug fit.

The market for cut resistant gloves is projected to expand significantly, with an anticipated increase in demand for gloves with enhanced features. For instance, gloves infused with anti-microbial treatment, oil resistance, and thermal protection are gaining popularity. The EN 388 standard and ANSI/ISEA 105 standard are the benchmarks for evaluating the performance of cut resistant gloves. Latex-free gloves, such as those made from stainless steel yarn, cut-resistant yarn types like kevlar, leather palm reinforcement, and seamless glove construction, are increasingly adopted for their superior durability and resistance to various hazards. Spectra fiber gloves, known for their high-performance properties, undergo rigorous abrasion resistance and puncture resistance testing.

High-performance fibers like HPPP (high-performance polyethylene) and Dyneema, along with glass fiber yarn and HMPE (high-modulus polyethylene) materials, are increasingly used in glove manufacturing. Ergonomic glove designs, along with glove maintenance and anti-microbial treatment, contribute to enhancing user experience and prolonging the lifespan of gloves. Glove disposal and the environmental impact of gloves are emerging concerns, prompting the development of biodegradable and recyclable glove materials. Polyurethane coated gloves are another alternative, offering a balance between cost and performance. Overall, the market is a dynamic and evolving landscape, driven by continuous innovation and the ever-changing needs of various industries.

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The Disposable segment was valued at USD 0.00 billion in 2017 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to

In 2017, the amount of vertical machining centres for working metal imported into Canada amounted to X units, increasing by X% against the previous year. Overall, imports of vertical machining centres for working metal continue to indicate a measured expansion. The growth pace was the most rapid in 2009, when the imports increased by X% year-to-year. In that year, the imports of vertical machining centres for working metal reached its maximum volume of X units.