Market Forecast by Sales Channel (events & exhibitions and dealers & distributors), by Industry Segments (automotive and transportation, sheet metals, capital goods, and energy), by Product Type (milling machines, grinding machines, drilling machines, turning machines, and electrical discharge machines), By Automation Type (CNC Machine Tools and conventional Machine Tools), By Regions (Asia Pacific, Europe, Middle East, Africa, and North America) and Competitive Landscape
Product Code: ETC054724 | Publication Date: Jun 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 |
Global Machine Tools market report thoroughly covers the market by product type, automation type, Industry segment, sales channel, and regions including North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa, and key countries. Global Machine Tools market outlook report provides an unbiased and detailed analysis of the on-going Global Machine Tools market growth factors, trends and high growth areas which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Global Machine Tools market is expected to register growth over the coming years. The major aspects like increasing shipments of smartphones, accelerating industrialization, rapid urbanization, increasing electric vehicle deployment, and improving consumer confidence are anticipated to drive the market growth. Additionally, the increasing demand for CNC machines and the growing adoption of integrated digital solutions in Machine Tools are aspects expected to fuel the growth of the market. CNC machines are preferred over conventional Machine Tools as they fuel the efficiency of production and minimize the cost of manufacturing by performing multiple operations in a short cycle time. However, the growth of the industry is expected to be challenged by stiff competition, high maintenance costs, and a US-China trade war.
According to 6Wresearch, Global Machine Tools Market is anticipated to witness substantial growth during 2020-2026. The growing manufacturing industry coupled with the increasing advancements in technology is driving the development of the market. Increasing penetration towards finer cuts to metal workpieces in order to enhance the work quality is driving the CNC machine tools market. The outbreak of the COVID-19 has exposed various challenges for the automotive sector. For Instance, China witnessed a significant drop in production as compared to the previous year. This drop-in production directly affected the sales of this sector.
The prominent players in Global Machine Tools market are AMADA Pvt. Ltd. (Japan), Co. Ltd. (Japan), JTKET Corporation (Japan), Makino (Japan), Komatsu NTC Ltd. (Japan), OKUMA Corporation (Japan), Georg Fischer Ltd. (Switzerland), and Hyundai WIA (South Korea).
Milling machines are anticipated to generate the largest sales revenue as the extension of metalworking process industries worldwide has boosted the demand for milling machines. These machines can also perform numerous cuts using various cutters. CNC Machine Tools are also expected to dominate the market globally. Growth in the manufacturing sector has led to a rapid increase in demand specifically for CNC machines. Automation of Machine Tools leads to time-saving, enhanced productivity, and elimination of human errors.
Based on the industry segment, the Automotive and Transportation segment is expected to lead the market in terms of Machine Tools consumption as the automotive industry is adopting the integration of technologies such as AI, IoT, robotics, etc., which will serve the demands of the end-users and the efforts to upgrade engine technologies to meet the fuel efficiency mandates. This is expected to further add to the re-tooling of the existing machining solutions. The development in various vehicle segments across the globe is likely to drive the demand for Machine Tools.
The Asia Pacific is projected to lead Global Machine Tools market on account of the growth in the number of metals cutting process industries all over the region. The region is home to most of the dominating Machine Tools manufacturers and is expected to lead the market. China is one of the key consumers of Machine Tools and is also driving the market in the region.
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. Global Machine Tools Market Overview |
3.1. Global Country Macro Economic Indicators |
3.2. Global Machine Tools Market Revenue, 2019 & 2026F |
3.3. Global Machine Tools Market - Industry Life Cycle |
3.4. Global Machine Tools Market - Porter's Five Forces |
3.5. Global Machine Tools Market Revenue Share, By Industry Segment, 2019 & 2026F |
3.6. Global Machine Tools Market Revenue Share, By Product Type, 2019 & 2026F |
3.6. Global Machine Tools Market Revenue Share, By Sales Channel, 2019 & 2026F |
3.6. Global Machine Tools Market Revenue Share, By Automation Type, 2019 & 2026F |
3.6. Global Machine Tools Market Revenue Share, By Regions, 2019 & 2026F |
4. Global Machine Tools Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Global Machine Tools Market Trends |
6. Global Machine Tools Market, By Industry Segment |
6.1. Global Machine Tools Market, By Industry Segment |
6.1.1. Overview and Analysis |
6.1.2. Global Machine Tools Market Revenue, By Milling Machines & Transportation, 2016 - 2026F |
6.1.3. Global Machine Tools Market Revenue, By Sheet Metals, 2016 - 2026F |
6.1.4. Global Machine Tools Market Revenue, By Capital Goods, 2016 - 2026F |
6.1.5. Global Machine Tools Market Revenue, By Energy, 2016 - 2026F |
7. Global Machine Tools Market, By Product Type |
7.1. Global Machine Tools Market, By Product Type |
7.1.1. Overview and Analysis |
7.1.2. Global Machine Tools Market Revenue, By Milling Machines, 2016 - 2026F |
7.1.3. Global Machine Tools Market Revenue, By Drilling Machines, 2016 - 2026F |
7.1.4. Global Machine Tools Market Revenue, By Turning Machines, 2016 - 2026F |
7.1.5. Global Machine Tools Market Revenue, By Grinding Machines, 2016 - 2026F |
7.1.6. Global Machine Tools Market Revenue, By Electrical Discharge Machines, 2016 - 2026F |
8. Global Machine Tools Market, By Automation Type |
8.1. Global Machine Tools Market, By Automation Type |
8.1.1. Overview and Analysis |
8.1.2. Global Machine Tools Market Revenue, By CNC Machine Tools, 2016 - 2026F |
8.1.3. Global Machine Tools Market Revenue, By Conventional Machine Tools, 2016 - 2026F |
9. Global Machine Tools Market, By Sales Channel |
9.1. Global Machine Tools Market, By Sales Channel |
9.1.1. Overview and Analysis |
9.1.2. Global Machine Tools Market Revenue, By Events and Exhibitions, 2016 - 2026F |
9.1.3. Global Machine Tools Market Revenue, By Dealers and Distributors, 2016 - 2026F |
10. Europe Machine Tools Market |
10.1. Europe Machine Tools Market, By Industry Segment |
10.2. Europe Machine Tools Market, By Product Type |
10.3. Europe Machine Tools Market, By Automation Type |
10.4. Europe Machine Tools Market, By Sales Channel |
10.5. Europe Machine Tools Market, By Countries |
11. Asia Pacific Machine Tools Market |
11.1. Asia Pacific Machine Tools Market, By Industry Segment |
11.2. Asia Pacific Machine Tools Market, By Product Type |
11.3. Asia Pacific Machine Tools Market, By Automation Type |
11.4. Asia Pacific Machine Tools Market, By Sales Channel |
11.5. Asia Pacific Machine Tools Market, By Countries |
12. North America Machine Tools Market |
12.1. North America Machine Tools Market, By Industry Segment |
12.2. North America Machine Tools Market, By Product Type |
12.3. North America Machine Tools Market, By Automation Type |
12.4. North America Machine Tools Market, By Sales Channel |
12.5. North America Machine Tools Market, By Countries |
13. Latin America Machine Tools Market |
13.1. Latin America Machine Tools Market, By Industry Segment |
13.2. Latin America Machine Tools Market, By Product Type |
13.3. Latin America Machine Tools Market, By Automation Type |
13.4. Latin America Machine Tools Market, By Sales Channel |
13.5. Latin America Machine Tools Market, By Countries |
14. Middle East Machine Tools Market |
14.1. Middle East Machine Tools Market, By Industry Segment |
14.2. Middle East Machine Tools Market, By Product Type |
14.3. Middle East Machine Tools Market, By Automation Type |
14.4. Middle East Machine Tools Market, By Sales Channel |
14.5. Middle East Machine Tools Market, By Countries |
15. Africa Machine Tools Market |
15.1. Africa Machine Tools Market, By Industry Segment |
15.2. Africa Machine Tools Market, By Product Type |
15.3. Africa Machine Tools Market, By Automation Type |
15.4. Africa Machine Tools Market, By Sales Channel |
15.5. Africa Machine Tools Market, By Countries |
16. Global Machine Tools Market Import-Export Trade Statistics |
16.1. Global Machine Tools Market Export to Major Countries |
16.2. Global Machine Tools Market Imports from Major Countries |
17. Global Machine Tools Market Key Performance Indicators |
18. Global Machine Tools Market - Opportunity Assessment |
18.1. Global Machine Tools Market Opportunity Assessment, By Industry Segment, 2019 & 2026F |
18.2. Global Machine Tools Market Opportunity Assessment, By Product Type, 2019 & 2026F |
19. Global Machine Tools Market - Competitive Landscape |
19.1. Global Machine Tools Market Revenue Share, By Companies, 2019 |
19.2. Global Machine Tools Market Competitive Benchmarking, By Operating and Technical Parameters |
20. Company Profiles |
21. Recommendations |
22. Disclaimer |