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: ETC017618 | 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 | Romania Machine Tools Market |
Forecast period | 2025-2031 |
CAGR | 5.5% |
Growing Sector | Automotive |
The Romania 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 Romania Machine Tools Market has witnessed growth over the years, driven by several factors. These factors are government regulations, growth of the industry, demand for automation in companies, and technological advancements. The market is further expected to grow steadily in the coming years.
According to 6Wresearch, the Romania Machine Tools Market size is expected to grow at a significant CAGR of 5.5% during 2025-2031. Government initiatives and investments are the major driver for the market. These initiatives are creating a favourable environment for the manufacturers involved in this market. Moreover, the growing industrial sector has raised the demand for precision and high-quality products hence, leading to a rise in the demand for advanced machine tools. Furthermore, many companies are turning to automation due to the growing need for efficiency and to reduce operational and labour costs. This has further increased the demand for advanced machine tools.
The high cost of advanced machine tools is a major challenge for the market, especially for small and medium enterprises. Moreover, the tough competition from low-cost countries is another challenge faced by the market. The machine tools market in Poland is also facing a shortage of skilled workers to operate these advanced tools.
Some of the major players operating in the Romania machine tools market include DMG MORI Co. Ltd., Yamazaki Mazak Corporation, JTEKT Corporation, Schuler AG, Gleason Corporation, Haas Automation Inc., Makino Milling Machine Co. Ltd., Okuma Corporation, Dalian Machine Tool Group Corporation (DMTG), and TRUMPF GmbH + Co. KG. These companies are continuously investing in research and development activities to introduce advanced technologies and products in the market.
One key initiative is the establishment of technical schools and vocational training programs to develop a skilled workforce in the field of machine tool production. Another significant step taken by the government is attracting foreign direct investment (FDI) in the machine tools industry. Moreover, several support measures have been put in place to assist small and medium-sized enterprises (SMEs) in the machine tools industry, such as providing financial support for innovation projects, offering training programs for SMEs, and creating public-private partnerships.
The Romania Machine Tools Market is expected to witness continued growth in the future due to factors such as increasing demand for efficient and high-precision machine tools, technological advancements, and government support. The country's growing automotive industry and expanding manufacturing sector are also contributing to the growth of this market. Moreover, with increasing foreign investments in Romania's manufacturing sector, there will be a further boost in demand for advanced machine tools.
According to Ravi Bhandari, Research Head, 6Wresearch, the milling machines and turning machines are expected to have significant growth due to their widespread usage in various industries such as automotive, sheet metals, and energy.
In terms of automation type, CNC machine tools are witnessing significant growth in the Romania market. This can be attributed to their ability to perform complex operations with high precision and speed, resulting in increased productivity and cost-effectiveness for businesses.
Among industry segments, the automotive and transportation sector is dominating the Romania machine tools market due to the increasing demand for vehicles and advancements in technology.
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 Romania Machine tools Market Overview |
3.1 Romania Country Macro Economic Indicators |
3.2 Romania Machine tools Market Revenues & Volume, 2021 & 2031F |
3.3 Romania Machine tools Market - Industry Life Cycle |
3.4 Romania Machine tools Market - Porter's Five Forces |
3.5 Romania Machine tools Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Romania Machine tools Market Revenues & Volume Share, By Automation Type , 2021 & 2031F |
3.7 Romania Machine tools Market Revenues & Volume Share, By Industry Segment, 2021 & 2031F |
3.8 Romania Machine tools Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Romania Machine tools Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Romania Machine tools Market Trends |
6 Romania Machine tools Market, By Types |
6.1 Romania Machine tools Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Romania Machine tools Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 Romania Machine tools Market Revenues & Volume, By Milling Machines, 2021-2031F |
6.1.4 Romania Machine tools Market Revenues & Volume, By Drilling Machines, 2021-2031F |
6.1.5 Romania Machine tools Market Revenues & Volume, By Turning Machines, 2021-2031F |
6.1.6 Romania Machine tools Market Revenues & Volume, By Grinding Machines, 2021-2031F |
6.1.7 Romania Machine tools Market Revenues & Volume, By Electrical Discharge Machines, 2021-2031F |
6.2 Romania Machine tools Market, By Automation Type |
6.2.1 Overview and Analysis |
6.2.2 Romania Machine tools Market Revenues & Volume, By CNC Machine Tools, 2021-2031F |
6.2.3 Romania Machine tools Market Revenues & Volume, By Conventional Machine Tools, 2021-2031F |
6.3 Romania Machine tools Market, By Industry Segment |
6.3.1 Overview and Analysis |
6.3.2 Romania Machine tools Market Revenues & Volume, By Automotive and Transportation, 2021-2031F |
6.3.3 Romania Machine tools Market Revenues & Volume, By Sheet Metals, 2021-2031F |
6.3.4 Romania Machine tools Market Revenues & Volume, By Capital Goods, 2021-2031F |
6.3.5 Romania Machine tools Market Revenues & Volume, By Energy, 2021-2031F |
6.4 Romania Machine tools Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Romania Machine tools Market Revenues & Volume, By Events and Exhibitions, 2021-2031F |
6.4.3 Romania Machine tools Market Revenues & Volume, By Dealers and Distributors, 2021-2031F |
7 Romania Machine tools Market Import-Export Trade Statistics |
7.1 Romania Machine tools Market Export to Major Countries |
7.2 Romania Machine tools Market Imports from Major Countries |
8 Romania Machine tools Market Key Performance Indicators |
9 Romania Machine tools Market - Opportunity Assessment |
9.1 Romania Machine tools Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Romania Machine tools Market Opportunity Assessment, By Automation Type , 2021 & 2031F |
9.3 Romania Machine tools Market Opportunity Assessment, By Industry Segment, 2021 & 2031F |
9.4 Romania Machine tools Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Romania Machine tools Market - Competitive Landscape |
10.1 Romania Machine tools Market Revenue Share, By Companies, 2024 |
10.2 Romania Machine tools Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |