Machine Tools Market Size to Gain US$ 115 Billion by 2030

Canada – The machine tools market is forecasted to reach around US$ 115 billion by 2030, growing at a robust CAGR of 4.4% from 2021 to 2030. The report contains 150+ pages with detailed analysis

Machine tools are utilized in a number of sectors including aerospace, automotive, precision engineering, electronics, and others. Incessant development in these sectors along with the investigation of new oil and gas fields are the principal growth factors for market expansion. Furthermore, the amalgamation of 3D printing technology has assisted in curtailing the amount of material employed for producing these tools in current years. For example, Yamazaki Mazak, which is a Japanese machine tool producer, uses 3D printing in the production of its CNC machines. Numerous companies are familiarizing automation inside their manufacturing processes to upsurge their output and address quality standards. This has led to an surge in their profit margins. Laser cutting systems find application in plentiful areas where parts need to be machined with greater precision for improved edge quality.

Demand for machine tools accumulates from primary and intermediate goods manufacturers. The main user industries are capital goods, automotive, and consumer durables industries. Protruding consumers of machine tools in the intermediate goods areas are ball and roller bearings, auto components and electronic components parts. Major users of machine tools in this area include ball, roller bearings, auto components, electrical and electronic components, power-driven pumps, industrial valves, earth moving machinery and compressors among others.

Market Scope:

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The machine tools report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Growth Factors

Escalating manufacturing sector and technological progressions in machine tools including multi axis and robotic arm are few of the foremost factors boosting the growth of the machine tool industry around the world. The budding demand for metal cutting tools on account of augmented usage of metals in several sectors also promises well for growth of the market. The incorporation of Computer-Aided Manufacturing in machine tools to decrease the time needed for manufacturing work pieces and to safeguard easy production of micro components is evolving as a key trend in the market.

Additionally, manufacturers of machine tools are developing condensed and well-equipped machine tools that can program as per CAM/CAD software. These automatic CNC machine tools comprise tool changer that aids the machine to conduct several operations by means of a single machine. These features related with CNC machine tools rises its demand and certainly impact the machine tools market development.

Regional Snapshots

Asia Pacific is likely to led the global machine tools market on account of upsurge in the numbers of metal cutting process businesses in this region. APAC is hub for most of the principal machine tool manufacturers and is predicted to rule the marketspace over years to come. China is one of the chief consumers of machine tools and is accelerating the market growth in Asia Pacific. Growth of automotive sector in APAC had an optimistic impact on the machine tools area, as automotive manufacturers have been seeking to upgrade and increase capabilities. This trend is likely to endure in the future as well, with MNCs such Nissan, as BMW, Audi, Renault seeking to establish themselves in the Indian market. Such development indirectly supports the demand for various machine tools in this region.

Asia Pacific is anticipated to recuperate at a faster growth rate in comparison with other regions post the COVID-19 pandemic crisis throughout the prediction period. Even with COVID-19 outbreak originating from China, the nation has been positively employing strategies to manage the spread. Asia is one of the largest automotive producer and China has slowly initiated its production actions with lowest workforce. This initiative will help to rebound machine tool market in this region during years to come.

Key Players:

The machine tools market is consolidated with a major number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research.

Some of the prominent players in the machine tools market include:

• Doosan Corporation
• AMADA Co., Ltd.
• CHIRON Group SE
• DMG MORI
• Georg Fischer Ltd.
• HYUNDAI WIA CORP.
• JTEKT
• Okuma Corporation
• Komatsu Ltd.

Market Segmentation

By Type

• Laser Machines
• Lathe Machines
• Milling Machines
• Grinding Machines
• Welding Machines
• Winding Machines
• Others

By Application

• Construction Equipment
• Automotive
• Aerospace & Defense
• Power & Energy
• Industrial
• Others

By Technology

• Computer Numerical Control (CNC)
• Conventional

Regional Segmentation

• North America (U.S. and Canada)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
• Latin America (Brazil and Rest of Latin America)
• Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

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TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective
1.2. Scope of the Study
1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach
2.2. Data Sources
2.3. Assumptions& Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Machine Tools Market Variables and Scope

4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Machine Tools Market

5.1. Covid-19: Machine Tools Industry Impact
5.2. Machine Tools Business Impact Assessment: Covid-19
5.2.1. Supply Chain Challenges/Disruption
5.2.2. Market Trends and Machine Tools Opportunities in the COVID-19 Landscape
5.3. Strategic Measures against Covid-19
5.3.1. Government Support and Initiative to Combat Covid-19
5.3.2. Proposal for Machine Tools Manufacturers to deal with Covid-19 Pandemic Scenario

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition

Chapter 7. Global Machine Tools Market: Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis
7.1.1.1. Machine Tools Market Revenue by Manufacturer (2017-2020)
7.1.1.2. Machine Tools Market Revenue Market Share by Manufacturer (2017-2020)
7.1.1.3. Machine Tools Market Production by Manufacturer (2017-2020)
7.1.1.4. Machine Tools Market Production Share by Manufacturer (2017-2020)
7.1.2. Key Organic/Inorganic Strategies Adopted by Players
7.1.2.1. Product Portfolio Expansion, Capacity Expansion, Product Innovation
7.1.2.2. Merger and Acquisition, Collaboration and Partnerships
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers

Chapter 8. Global Machine Tools Market, By Product Type

8.1. Machine Tools Market, by Product Type, 2017-2030
8.1.1. Laser Machines
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.1.2. Market Production and Forecast (2017-2030)
8.1.2. Lathe Machines
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.2.2. Market Production and Forecast (2017-2030)
8.1.3. Milling Machines
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.3.2. Market Production and Forecast (2017-2030)
8.1.4. Grinding Machines
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.4.2. Market Production and Forecast (2017-2030)
8.1.5. Welding Machines
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.5.2. Market Production and Forecast (2017-2030)
8.1.6. Winding Machines
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.6.2. Market Production and Forecast (2017-2030)

Chapter 9. Global Machine Tools Market, By Application

9.1. Machine Tools Market, by Application, 2017-2030
9.1.1. Construction Equipment
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.1.2. Market Consumption and Forecast (2017-2030)
9.1.2. Automotive
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.2.2. Market Consumption and Forecast (2017-2030)
9.1.3. Aerospace & Defense
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.3.2. Market Consumption and Forecast (2017-2030)
9.1.4. Power & Energy
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.4.2. Market Consumption and Forecast (2017-2030)
9.1.5. Industrial
9.1.5.1. Market Revenue and Forecast (2017-2030)
9.1.5.2. Market Consumption and Forecast (2017-2030)

Chapter 10. Global Machine Tools Market, By Technology

10.1. Machine Tools Market, by Technology, 2017-2030
10.1.1. CNC
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.1.2. Market Consumption and Forecast (2017-2030)
10.1.2. Conventional
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.2.2. Market Consumption and Forecast (2017-2030)

Chapter 11. Global Machine Tools Market, Regional Estimates and Trend Forecast

11.1. North America
11.1.1. Market Revenue and Production Forecast by Product (2017-2030)
11.1.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.1.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.1.4. U.S
11.1.4.1. Market Revenue and Production Forecast (2017-2030)
11.1.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.1.5. Canada
11.1.5.1. Market Revenue and Production Forecast (2017-2030)
11.1.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.2. Europe
11.2.1. Market Revenue and Production Forecast by Product (2017-2030)
11.2.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.2.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Production Forecast (2017-2030)
11.2.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Production Forecast (2017-2030)
11.2.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.2.6. France
11.2.6.1. Market Revenue and Production Forecast (2017-2030)
11.2.6.2. Market Revenue and Consumption Forecast (2017-2030)
11.2.7. Rest of EU
11.2.7.1. Market Revenue and Production Forecast (2017-2030)
11.2.7.2. Market Revenue and Consumption Forecast (2017-2030)
11.3. Asia Pacific (APAC)
11.3.1. Market Revenue and Production Forecast by Product (2017-2030)
11.3.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.3.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.3.4. China
11.3.4.1. Market Revenue and Production Forecast (2017-2030)
11.3.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.3.5. India
11.3.5.1. Market Revenue and Production Forecast (2017-2030)
11.3.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Production Forecast (2017-2030)
11.3.6.2. Market Revenue and Consumption Forecast (2017-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Production Forecast (2017-2030)
11.3.7.2. Market Revenue and Consumption Forecast (2017-2030)
11.4. LATAM
11.4.1. Market Revenue and Production Forecast by Product (2017-2030)
11.4.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.4.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.4.4. Brazil
11.4.4.1. Market Revenue and Production Forecast (2017-2030)
11.4.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.4.5. Rest of LATAM
11.4.5.1. Market Revenue and Production Forecast (2017-2030)
11.4.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.5. Middle East and Africa (MEA)
11.5.1. Market Revenue and Production Forecast by Product (2017-2030)
11.5.2. Market Revenue and Consumption Forecast by Application (2017-2030)
11.5.3. Market Revenue and Consumption Forecast by Technology (2017-2030)
11.5.4. GCC
11.5.4.1. Market Revenue and Production Forecast (2017-2030)
11.5.4.2. Market Revenue and Consumption Forecast (2017-2030)
11.5.5. North Africa
11.5.5.1. Market Revenue and Production Forecast (2017-2030)
11.5.5.2. Market Revenue and Consumption Forecast (2017-2030)
11.5.6. South Africa
11.5.6.1. Market Revenue and Production Forecast (2017-2030)
11.5.6.2. Market Revenue and Consumption Forecast (2017-2030)
11.5.7. Rest of MEA
11.5.7.1. Market Revenue and Production Forecast (2017-2030)
11.5.7.2. Market Revenue and Consumption Forecast (2017-2030)

Chapter 12. Company Profiles

12.1. Doosan Corporation
12.1.1. Company Overview, Business Information, Manufacturing Area
12.1.2. Product Portfolio Analysis
12.1.2.1. Product Details, Specification, Application
12.1.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.1.4. Recent Developments and Strategies
12.2. AMADA Co., Ltd.
12.2.1. Company Overview, Business Information, Manufacturing Area
12.2.2. Product Portfolio Analysis
12.2.2.1. Product Details, Specification, Application
12.2.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.2.4. Recent Developments and Strategies
12.3. CHIRON Group SE
12.3.1. Company Overview, Business Information, Manufacturing Area
12.3.2. Product Portfolio Analysis
12.3.2.1. Product Details, Specification, Application
12.3.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.3.4. Recent Developments and Strategies
12.4. DMG MORI
12.4.1. Company Overview, Business Information, Manufacturing Area
12.4.2. Product Portfolio Analysis
12.4.2.1. Product Details, Specification, Application
12.4.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.4.4. Recent Developments and Strategies
12.5. Georg Fischer Ltd.
12.5.1. Company Overview, Business Information, Manufacturing Area
12.5.2. Product Portfolio Analysis
12.5.2.1. Product Details, Specification, Application
12.5.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.5.4. Recent Developments and Strategies
12.6. HYUNDAI WIA CORP.
12.6.1. Company Overview, Business Information, Manufacturing Area
12.6.2. Product Portfolio Analysis
12.6.2.1. Product Details, Specification, Application
12.6.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.6.4. Recent Developments and Strategies
12.7. JTEKT
12.7.1. Company Overview, Business Information, Manufacturing Area
12.7.2. Product Portfolio Analysis
12.7.2.1. Product Details, Specification, Application
12.7.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.7.4. Recent Developments and Strategies
12.8. Okuma Corporation
12.8.1. Company Overview, Business Information, Manufacturing Area
12.8.2. Product Portfolio Analysis
12.8.2.1. Product Details, Specification, Application
12.8.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.8.4. Recent Developments and Strategies
12.9. Komatsu Ltd.
12.9.1. Company Overview, Business Information, Manufacturing Area
12.9.2. Product Portfolio Analysis
12.9.2.1. Product Details, Specification, Application
12.9.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.9.4. Recent Developments and Strategies
12.10. Makino
12.10.1. Company Overview, Business Information, Manufacturing Area
12.10.2. Product Portfolio Analysis
12.10.2.1. Product Details, Specification, Application
12.10.3. Revenue, Production Capacity, Price and Gross Margin (2017-2020)
12.10.4. Recent Developments and Strategies

Chapter 13. Research Methodology

13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions

Chapter 14. Appendix

14.1. About Us
14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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