Italy is a conventional manufacturing powerhouse with the second-largest manufacturing output in Europe. It got slightly hit by the adverse economic and political conditions, coupled with a slower adoption trend of the prevailing technological changes. However, the uptick in the industry propels the demand in the metal fabrication equipment market, with growth anticipated in terms of both value and volume. The recent trends have been more positive, in turn, resulting in high confidence among manufacturers. Optimism regarding the Industry 4.0 advanced manufacturing plan boosted the growth in investments in machinery and equipment to 3.4% in 2018.
Key Market Trends
Manufacturing Production is the Key Trend Driving Demand Generation in the Market
The Italian manufacturing sector is critical to its economy, with its strong global brand and reputation. It majorly includes small and medium enterprises with less than 10 employees. Currently, the manufacturing sector is established well to take advantage of the technological transformations taking place in the industry, globally, in the name of “Industry 4.0” revolution. It is actively looking to leverage its educated workforce, strategic geographical position in Europe, and reputation for high-quality products. Hence, it put in place the right enabling factors to secure its position in the global value chain. As the machinery and equipment industry in Italy plays a key role in supporting the other manufacturing subsectors, both domestically and globally, it has a high degree of export orientation. The manufacturing sector is highly fragmented, with the presence of SMEs that dominate the production of machinery and equipment. There is a high degree of fragmentation in the supply chains of large companies in the areas of food production equipment, packing equipment, construction equipment, and metallurgical machinery.
Waterjet Cutting Machines Witness Growing Significance, Particularly in Steel Metal Fabrication
Waterjet cutting is widely and most effectively used for sheet metal fabrication, avoiding any physical alteration or mechanical deformation of parts and reducing scraps to optimize the use of raw materials. There are many innovative methods, such as the 5-axes 3D system with touch probe and anti-collision function, which use automatically positioned touch probes to maintain a constant distance from the nozzle automatically, thus, protecting the nozzle during plane cutting, with ± 69° interpolated tilt or with the ITC technology. The Edge 5 Model System, with 5 interpolated axes for controlling taper and 2D ±55° inclined cutting, is an ideal product for inclined cutting to obtain 45° grooves. The touch probe system aids the accurate positioning of the Z-axis to obtain flawless grooves. The ITC system is also included in the system.
The Italian metal fabrication equipment market is fragmented and highly competitive, wherein the manufacturers are increasingly looking to embrace digital technology trends to automate the fabricating processes. Hence, continuous and rigorous innovation is driving the companies to improve their profit margins and sales turnovers across the world.
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Table of Contents
1.2 Scope of the Study
4.2 Factors Driving the Market
4.3 Factors Restraining the Market
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Competitive Rivalry within the Industry
4.5 Industry Value Chain/Supply Chain Analysis
4.6 Technological Advancements in the Italian Metal Fabrication Market
4.7 Government Regulations and Key Initiatives in the Italian Metal Fabrication Market
5.2 Equipment Type
5.2.5 Other Equipment Types
5.3 End-user Industry
5.3.1 Oil and Gas
5.3.3 Power and Utilities
5.3.5 Other End-user Industries
6.2 Company Profiles
6.2.2 DMG Mori
6.2.3 BTD Manufacturing
6.2.5 Matcor - Matsu Group Inc.
6.2.6 Standard Iron and Wire Works
6.2.8 Bystronic Laser AG