Market Forecast By Product Type (Milling Machines, Drilling Machines, Turning Machines, Grinding Machines, Electrical Discharge Machines), By Automation Type (CNC Machine Tools, Conventional Machine Tools), By Industry Segment (Automotive and Transportation, Sheet Metals, Capital Goods, Energy), By Sales Channel (Events and Exhibitions, Dealers and Distributors) And Competitive Landscape
Product Code: ETC017622 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Japan Machine Tools Marketย |
Forecast period | 2025-2031 |
CAGR | 5.5% |
Growing Sector | Transportation |
The Japan Machine Tools Market report thoroughly covers the market by Product Type, Automation Type, Industry Segment, and Sales Channel. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Japan Machine Tools Market has experienced growth over the years and is expected to grow significantly in the coming years. The driving factors of the market are a strong manufacturing industry, increased focus on automation, an ageing population, and government initiatives.
According to 6Wresearch, the Japan Machine Tools Market size is expected to grow at a significant CAGR of 5.5% during 2025-2031. The Japan machine tools market is mainly driven by its strong domestic manufacturing industry. The country has a highly diversified manufacturing sector, with major players in electronics, automotive, and precision engineering. Additionally, Japan's ageing population has led to an increased focus on automation and smart factories. As labour costs rise due to a shortage of skilled workers, companies are turning towards advanced machine tools to improve productivity and reduce labour dependency. Moreover, the Japanese government has implemented various policies and initiatives which are boosting the demand for high-quality, technologically advanced machine tools in Japan.
One major challenge is the rising competition from other Asian countries such as China and South Korea. Another challenge faced by the Japanese machine tools market is the increasing popularity of 3D printing technology.
Some of the key players in the Japan machine tools market include Amada Co., Ltd., Mori Seiki Co., Ltd., Komatsu NTC Ltd., Okuma Corporation, Makino Milling Machine Co., Ltd., JTEKT Corporation, and DMG MORI CO., LTD. These companies are known for their high-quality products, innovative technologies, and strong distribution networks. They also have a significant presence in both domestic and international markets, making them major players in the global machine tools industry.
One such initiative is the Basic Plan for Japan's Machine Tool Industry which was formulated by the Ministry of Economy, Trade and Industry (METI) in collaboration with industry stakeholders. Another important initiative is the New Energy-saving Measures Promotion Law which aims to promote energy-efficient technologies in manufacturing industries, including the machine tool sector. Furthermore, the Japanese government has also established various research and development centres, such as the Japan Machine Tool Builders' Association (JMTBA) Technology Research Institute, to support technological advancements in the industry. Additionally, the government has also been actively encouraging collaborations between domestic machine tool manufacturers and overseas partners through trade agreements and joint ventures.
The Japan Machine Tools Market is expected to continue its steady growth in the future, driven by advancements in technology and increasing demand for high-precision and automated machine tools. With a strong focus on research and development, Japanese companies are constantly developing new and innovative products to cater to the evolving needs of industries such as automotive, aerospace, and electronics. The market is also expected to benefit from the growing trend towards smart manufacturing, which incorporates technologies like artificial intelligence and the Internet of Things into machine tools.
According to Ravi Bhandari, Research Head, 6Wresearch, the CNC Machine Tools segment is expected to grow significantly in the Japan machine tools market due to the increasing demand for precision and efficiency in manufacturing processes and the integration of advanced technologies such as automation and artificial intelligence.
The Automotive and Transportation industry segment is also expected to experience significant growth in the market. This is due to the rapid expansion of the automotive sector and increased demand for high-quality machining equipment for production purposes.
In terms of sales channels, Dealers and Distributors are expected to dominate the market as they provide a wide range of products from various manufacturers at competitive prices.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Japan Machine tools Market Overview |
3.1 Japan Country Macro Economic Indicators |
3.2 Japan Machine tools Market Revenues & Volume, 2021 & 2031F |
3.3 Japan Machine tools Market - Industry Life Cycle |
3.4 Japan Machine tools Market - Porter's Five Forces |
3.5 Japan Machine tools Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Japan Machine tools Market Revenues & Volume Share, By Automation Typeย , 2021 & 2031F |
3.7 Japan Machine tools Market Revenues & Volume Share, By Industry Segment, 2021 & 2031F |
3.8 Japan Machine tools Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Japan Machine tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Japan Machine tools Market Trends |
6 Japan Machine tools Market, By Types |
6.1 Japan Machine tools Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Japan Machine tools Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Japan Machine tools Market Revenues & Volume, By Milling Machines, 2021-2031F |
6.1.4 Japan Machine tools Market Revenues & Volume, By Drilling Machines, 2021-2031F |
6.1.5 Japan Machine tools Market Revenues & Volume, By Turning Machines, 2021-2031F |
6.1.6 Japan Machine tools Market Revenues & Volume, By Grinding Machines, 2021-2031F |
6.1.7 Japan Machine tools Market Revenues & Volume, By Electrical Discharge Machines, 2021-2031F |
6.2 Japan Machine tools Market, By Automation Typeย |
6.2.1 Overview and Analysis |
6.2.2 Japan Machine tools Market Revenues & Volume, By CNC Machine Tools, 2021-2031F |
6.2.3 Japan Machine tools Market Revenues & Volume, By Conventional Machine Tools, 2021-2031F |
6.3 Japan Machine tools Market, By Industry Segment |
6.3.1 Overview and Analysis |
6.3.2 Japan Machine tools Market Revenues & Volume, By Automotive and Transportation, 2021-2031F |
6.3.3 Japan Machine tools Market Revenues & Volume, By Sheet Metals, 2021-2031F |
6.3.4 Japan Machine tools Market Revenues & Volume, By Capital Goods, 2021-2031F |
6.3.5 Japan Machine tools Market Revenues & Volume, By Energy, 2021-2031F |
6.4 Japan Machine tools Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Japan Machine tools Market Revenues & Volume, By Events and Exhibitions, 2021-2031F |
6.4.3 Japan Machine tools Market Revenues & Volume, By Dealers and Distributors, 2021-2031F |
7 Japan Machine tools Market Import-Export Trade Statistics |
7.1 Japan Machine tools Market Export to Major Countries |
7.2 Japan Machine tools Market Imports from Major Countries |
8 Japan Machine tools Market Key Performance Indicators |
9 Japan Machine tools Market - Opportunity Assessment |
9.1 Japan Machine tools Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Japan Machine tools Market Opportunity Assessment, By Automation Typeย , 2021 & 2031F |
9.3 Japan Machine tools Market Opportunity Assessment, By Industry Segment, 2021 & 2031F |
9.4 Japan Machine tools Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Japan Machine tools Market - Competitive Landscape |
10.1 Japan Machine tools Market Revenue Share, By Companies, 2024 |
10.2 Japan Machine tools Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |