Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By End-user (Automotive, Transportation, Industrial Machinery, Construction, Precision Engineering, Others), And Competitive Landscape
Product Code: ETC436257 | Publication Date: Feb 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Europe Metal Forming Machine Tools Market is expected to grow significantly during the forecast period. There are several factors driving the market such as rising demand for fabricated metal products, rising industrialization, as well as technological advancements.
According to 6Wresearch, the Europe Metal Forming Machine Tools Market size is anticipated to grow at a higher growth rate during 2023-2029. The sector in Europe has become one of the most crucial sectors. The sector is driven by many factors and it will continue to rise more and more. The rising demand for fabricated metal products from aerospace and automotive sectors is boosting the sector growth. The increasing urbanization and population in the region are also supporting the demand for infrastructure development, which needs metal forming machines for construction as well as other applications.
The adoption of the manufacturing technologies that are advanced like Industry 4.0, automation, and the Internet of Things (IoT) are estimated to further accelerate the market growth. These technologies enable manufacturers to optimize the process of their production. Increase efficiency, and reduce cost, leading to greater demand for these machines in the region.
The development of lightweight as well as high-strength materials, like composites and aluminium is producing new opportunities for the market. These materials need specialized forming process as well as equipment, stimulating the demand for advanced metal forming machines. These are the factors fueling the Europe Metal Forming Machine Tools Market share.
There is no doubt that the market is growing significantly, but there are some factors that are impeding the growth of the sector and these factors are the competition from low-cost nations, volatility in raw material costs, and high initial investment. The sector is projected to overcome these challenges in the near future. ย
The coronavirus pandemic had a massive impact on the Metal Forming Machine Tools Market in Europe. The coronavirus disrupted supply chains, reduced the demand for metal forming machines, and it also led to the closure of manufacturing facilities.
During the starting phase of the pandemic, many metal forming machine tool manufacturers in the region had to temporarily halt production owing to the lack of raw materials as well as components, and a decline in demand from end-use sectors like automotive and aerospace and it led to a decline in sales as well as revenue for a number of manufacturers.
As the coronavirus pandemic continued, manufacturers in the region adapted to new reality as well as they started investing in virtual technologies like predictive maintenance, remote monitoring, augmented reality to enhance efficiency and reduce downtime.
On the basis of countries, the Metal Forming Machine Tools Market in Europe is divided into Germany, United Kingdom, France, Italy, Russia, Spain, and Rest Of Europe. Germany is the leading sector for metal forming machine tools in the region, followed by France, Italy and the United Kingdom. Other nations like Spain, Switzerland, and the Netherlands also contributing to the growth of the market.
On the basis of end-user, the Europe Metal Forming Machine Tools Industry is divided into Automotive, Transportation, Industrial Machinery, Construction, Precision Engineering, and Others. The automotive sector is projected to dominate the sector in the coming years.
The report offers a comprehensive study of the subsequent 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 Europe Metal Forming Machine Tools Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Metal Forming Machine Tools Market Revenues & Volume, 2022 & 2029F |
3.3 Europe Metal Forming Machine Tools Market - Industry Life Cycle |
3.4 Europe Metal Forming Machine Tools Market - Porter's Five Forces |
3.5 Europe Metal Forming Machine Tools Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 Europe Metal Forming Machine Tools Market Revenues & Volume Share, By End-user, 2022 & 2029F |
4 Europe Metal Forming Machine Tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Metal Forming Machine Tools Market Trends |
6 Europe Metal Forming Machine Tools Market, 2019 - 2029 |
6.1 Europe Metal Forming Machine Tools Market, Revenues & Volume, By End-user, 2019 - 2029 |
7 Germany Metal Forming Machine Tools Market, 2019 - 2029 |
7.1 Germany Metal Forming Machine Tools Market, Revenues & Volume, By End-user, 2019 - 2029 |
8 United Kingdom Metal Forming Machine Tools Market, 2019 - 2029 |
8.1 United Kingdom Metal Forming Machine Tools Market, Revenues & Volume, By End-user, 2019 - 2029 |
9 France Metal Forming Machine Tools Market, 2019 - 2029 |
9.1 France Metal Forming Machine Tools Market, Revenues & Volume, By End-user, 2019 - 2029 |
10 Italy Metal Forming Machine Tools Market, 2019 - 2029 |
10.1 Italy Metal Forming Machine Tools Market, Revenues & Volume, By End-user, 2019 - 2029 |
11 Russia Metal Forming Machine Tools Market, 2019 - 2029 |
11.1 Russia Metal Forming Machine Tools Market, Revenues & Volume, By End-user, 2019 - 2029 |
12 Spain Metal Forming Machine Tools Market, 2019 - 2029 |
12.1 Spain Metal Forming Machine Tools Market, Revenues & Volume, By End-user, 2019 - 2029 |
13 Rest of Europe Metal Forming Machine Tools Market, 2019 - 2029 |
13.1 Rest of Europe Metal Forming Machine Tools Market, Revenues & Volume, By End-user, 2019 - 2029 |
14 Europe Metal Forming Machine Tools Market Key Performance Indicators |
15 Europe Metal Forming Machine Tools Market - Opportunity Assessment |
15.1 Europe Metal Forming Machine Tools Market Opportunity Assessment, By Countries, 2022 & 2029F |
15.2 Europe Metal Forming Machine Tools Market Opportunity Assessment, By End-user, 2022 & 2029F |
16 Europe Metal Forming Machine Tools Market - Competitive Landscape |
16.1 Europe Metal Forming Machine Tools Market Revenue Share, By Companies, 2022 |
16.2 Europe Metal Forming Machine Tools Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |