|Study Period:||2017- 2026|
|Fastest Growing Market:||Asia Pacific|
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The global machine tools market is expected to register a healthy growth rate of more than 5% during the forecast period. The worldwide growth in the manufacturing industry and advancements in machine tools, such as Computer Numerical Control (CNC) machines and multi axis and robotic arm, are contributing as the factors driving the growth of the machine tool industry globally. The pandemic had a negative impact on the market in 2020 due to the closures of production facilities across many countries and disruptions in supply chain.
The growth in the global motion control market has triggered substantial demand for motion control products, particularly in the robotics, electronics assembly, semiconductor, machine tools, and renewable energy sectors. Simplified machine design has been made possible through advances in control components.
Despite being overshadowed by the recent impacts of the coronavirus, the movement towards e-mobility remains a significant issue for machine tools producers and other traditional automotive parts suppliers as automotive firms increasingly focus upon developing and producing electric vehicles (EVs).
Scope of the Report
The machine tools industry can be classified into metal cutting machines and metal forming machines. The report provides a complete background analysis of the global machine tools market, which includes an assessment of the sector and contribution of sector in the economy, market overview, market size estimation for key segments, key countries and emerging trends in the market segments, market dynamics, and key production and consumption statistics are covered in the report.
The market is segmented by Type (Metal Working Machines, Parts and Accessories, and Installation, Repair, and Maintenance), by End-use (Automotive, Fabrication, and Industrial Machinery Manufacturing, Marine and Aerospace & Defense, Precision Engineering, and Others) and by Geography (Asia Pacific, Americas, Europe and Rest of the world).
|Parts and Accessories|
|Installation, Repair , and Maintainence|
|Fabrication and Industrial Machinery Manufacturing|
|Marine and Aerospace & Defense|
|Rest of the Market|
|Rest of the World|
Key Market Trends
Positive Outlook for the Automotive Industry
Despite some headwinds, automotive industry looks bright, globally. According to industry sources, global light vehicle production units have been remarkable and is expected to continue to grow. APAC is expected to register the highest growth rates in terms of production volumes followed by North America. Furthermore, Electric Vehicles sales and manufacturing is increasing at a record pace, which creates a demand for the machine tools and other equipment associated with manufacturing process. Machine tools has wide range of applications in automotive industry like CNC milling (gearbox cases, transmission housings, engine cylinder heads, etc.), turning (brake drums, rotors, fly wheel, etc.) drilling, etc. with the advent of advanced technologies and automation, the demand for machine is only going to increase to gain productivity and precision.
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CNC machine tools are expected to dominate the market globally
The computer numerical control machines streamline many operational processes by reducing production time and minimizing human error. The growing demand for automated manufacturing in the industrial sector has resulted in the increasing usage of CNC machines. Also, the establishment of manufacturing facilities in Asia-Pacific has spurred the usage of computer numerical controls in the sector.
A highly competitive market has compelled players to focus on efficient manufacturing techniques trying to gain competitive advantage by redesigning their facilities, which include CNC machines. Apart from this, the integration of 3D printing with CNC machines is a unique addition to some of the new production units, which is expected to offer better multi-material capability, with little resource wastage.
Along with this, with the rising concerns over global warming and depleting energy reserves, CNC machines are actively being used in power generation, as this process requires wide-scale automation.
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The machine tools market is fairly fragmented in nature with the presence of large global players and small and medium sized local players with quite a few players who occupy the market share. Major competitors in global machine tools markets include China, Germany, Japan, and Italy. For Germany, apart from several hundred sales and service subsidiaries or branch offices of German machine tool manufacturers throughout the world, there are probably less than 20 German corporations producing complete units abroad currently.
With the increasing preference for automation, the companies are focusing on developing more automated solutions. The industry is also witnessing the trend of consolidation with mergers and acquisitions. These strategies help the companies to enter new market areas and gain new customers.
December 2020: German technology company Trumpf has completed the renaming and merger of its wholly-owned fibre laser manufacturing subsidiary SPI Lasers, into the Trumpf group and under the Trumpf brand. The former SPI Lasers organisation will now work even more closely with Trumpf Laser, also a wholly-owned subsidiary of the Trumpf Group. The two companies are pooling their competence and expertise in laser technology worldwide to create synergies and improve customer service for industrial applications in both disk laser and fibre laser technology.
May 2020: JTEKT Corporation has developed the 5th generation Low-Friction-Torque tapered roller bearing“LFT-V”used in transmissions, pinion support of differential units and other applications.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
2.1 Analysis Methodology
2.2 Research Phases
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.1 Current Market Scenario
4.2 Market Dynamics
4.3 Porter's Five Forces Analysis
4.4 Industry Value Chain Analysis
4.5 Global Manufacturing Sector (Overview, Trends, R&D, Key Statistics, etc.)
4.6 Key Government Regulations and Initiatives for Manufacturing Sector
4.7 Metal Working Industry Snapshot (Overview, Key Metrics, Developments, etc.)
4.8 Technology Snapshot
4.8.1 Connected and Automated Machines
4.8.2 Advanced Controls/Motion-Control Systems
4.8.3 Digitalization and Industry 4.0
4.8.4 Artificial Intelligence (AI) for Accurate Metal Cutting
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Metal Working Machines
22.214.171.124 Metal Cutting
126.96.36.199 Metal Forming
5.1.2 Parts and Accessories
5.1.3 Installation, Repair , and Maintainence
5.2 By End-user
5.2.2 Fabrication and Industrial Machinery Manufacturing
5.2.3 Marine and Aerospace & Defense
5.2.4 Precision Engineering
5.2.5 Rest of the Market
188.8.131.52 South Korea
184.108.40.206 Rest of APAC
220.127.116.11 United States
18.104.22.168 Rest of Americas
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
5.3.4 Rest of the World
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Overview (Market Concentration, Major Players)
6.2 Company Profiles
6.2.1 TRUMPF Group
6.2.2 Shenyang Machine Tool Group
6.2.3 Amada Co. Ltd
6.2.4 Dalian Machine Tool Group
6.2.5 Komatsu Ltd
6.2.6 DMG Mori Seiki Co., Ltd
6.2.7 Schuler AG
6.2.8 JTEKT Corporation
6.2.9 Okuma Corporation
6.2.11 Makino Milling Machine Co., Ltd
6.2.12 Haas Automation, Inc
6.2.13 Yamazaki Mazak
6.2.14 CHIRON Group
6.2.15 Diskus Werke AG
6.2.16 Falcon Machine Tools Co. Ltd
6.2.17 FANUC Corporation*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8.1 GDP Distribution, by Activity-Key Countries
8.2 Insights on Capital Flows-Key Countries
8.3 Economic Statistics Manufacturing Sector, Contribution to Economy (Key Countries)
8.4 Global Manufacturing Industry Statistics*
8.5 *List not Exhaustive
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Frequently Asked Questions
What is the study period of this market?
The Machine Tools Market market is studied from 2017 - 2026.
What is the growth rate of Machine Tools Market?
The Machine Tools Market is growing at a CAGR of >5% over the next 5 years.
Which region has highest growth rate in Machine Tools Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Machine Tools Market?
Asia holds highest share in 2020.
Who are the key players in Machine Tools Market?
TRUMPF Group, Shenyang Machine Tool Group, Amada Co. Ltd, DMG Mori Seiki Co., Ltd, Falcon Machine Tools Co. Ltd are the major companies operating in Machine Tools Market.