METAL JOINING SERVICES MARKET ANALYSIS

Regional Analysis

Metal Joining Services Market: Regional Insights

The metal joining services market is segmented on the basis of six regions namely, North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific region held major share in the metal joining services market, owing to presence of large number of local players that are offering metal joining services across the region. For instance, according to Coherent Market Insights’ analysis, more than 53% of the metal joining service offering companies are local companies, present in India.

Asia Pacific is expected to remain the dominant region in the forecast period, owing to rising investment by government and private companies in the manufacturing sector and government initiatives to expand manufacturing sector. For instance, according to a report published by Indian Brand Equity Foundation (IBEF), in October 2019, during 2018–19, the Cumulative Foreign Direct Investment (FDI) in India’s manufacturing sector was valued at about US$ 44.36 billion.