Global Material Removal Tools Market 2017-2021

  • ID: 4390875
  • Report
  • Region: Global
  • 77 pages
  • TechNavio
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FEATURED COMPANIES

  • Amada
  • Beijing No.1 Machine Tool
  • DMG MORI
  • FANUC
  • Haas Automation
  • JTEKT
  • MORE
About Material Removal Tools

Material removal tools are extensively used in the shaping and cutting of metals and other materials to obtain the desired product specifications. These tools are primarily used in the manufacturing of critical components with great accuracy and ease. Based on the mode of operation, material removal tools can either be conventional or numerically controlled. Material removal tools include products such as power tools, machining centers, grinding machines, and turning machines, which are widely used in many end-user industries.

The analysts forecast the global material removal tools market to grow at a CAGR of 6.04% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global material removal tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of machine tools and the power tools.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Material Removal Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • DMG MORI
  • Dalian Machine Tool Group (DMTG)
  • Makita
  • Robert Bosch
  • SMTCL
Other prominent vendors
  • Allied Machine & Engineering
  • Amada
  • Atlas Copco
  • BAIER
  • Beijing No.1 Machine Tool
  • Casals
  • Craftsman
  • Doosan Infracore
  • Fair Friend Group
  • FANUC
  • Freudenberg
  • GF Machining Solutions
  • Haas Automation
  • Hardinge
  • Hilti
  • JTEKT
  • Kennametal
  • Komatsu
  • MAKINO
  • Sandvik
Market drivers
  • Growing need to develop superior-quality products
  • For a full, detailed list, view the full report
Market challenges
  • Fluctuations in raw material prices
  • For a full, detailed list, view the full report
Market trends
  • Additive manufacturing
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amada
  • Beijing No.1 Machine Tool
  • DMG MORI
  • FANUC
  • Haas Automation
  • JTEKT
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by machine type
  • Market overview
  • Global material removal tools market by machine tools
  • Global material removal tools market by power tools
PART 07: Geographical segmentation
  • Market overview
  • Material removal tools market in APAC
  • Material removal tools market in EMEA
  • Material removal tools market in Americas
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Additive manufacturing
  • Technological advances
  • Use of rotary turning in high-temperature alloys in aerospace industry
PART 11: Vendor landscape
  • Competitive Landscape
  • Other prominent vendors
PART 12: Key vendor analysis
  • DMG MORI
  • Dalian Machine Tool Group (DMTG)
  • Makita
  • Robert Bosch
  • SMTCL
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Global material removal tools market segmentation by machine type
Exhibit 02: Global material removal tools market segmentation by geography
Exhibit 03: Global material removal tools market segmentation
Exhibit 04: Global material removal tools market 2016-2021 ($ billions)
Exhibit 05: Global vehicle sales in H1 2012 and H1 2016 (millions of units)
Exhibit 06: Trends in automotive sector
Exhibit 07: Global aerospace and defense market revenue performance
Exhibit 08: Expected growth factors for new shipbuilding orders
Exhibit 09: Five forces analysis
Exhibit 10: Global material removal tools market segmentation by machine type 2016-2021 (%)
Exhibit 11: Global material removal tools market by machine tools 2016-2021 ($ billions)
Exhibit 12: Global material removal tools market by power tools 2016-2021($ billions)
Exhibit 13: Global material removal tools market segmentation by geography 2016 and 2021 (%)
Exhibit 14: Material removal tools market in APAC 2016-2021 ($ billions)
Exhibit 15: Material removal tools market in EMEA 2016-2021 ($ billions)
Exhibit 16: Aerospace and defense spending in Europe 2013 (%)
Exhibit 17: Material removal tools market in Americas ($ billions)
Exhibit 18: Global fabricated metal products market 2015-2020 ($ trillions)
Exhibit 19: Percentage increase of aircraft in service 2014 and 2034 (%)
Exhibit 20: Global price trend of stainless steel ($/ton)
Exhibit 21: Global 3D printing market 2016-2021 ($ billions)
Exhibit 22: Types of rotary turning
Exhibit 23: Other prominent vendors
Exhibit 24: Makita: Product portfolio
Exhibit 25: Robert Bosch: Product portfolio
Exhibit 26: SMTCL: Product segmentation by revenue 2014
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amada
  • Beijing No.1 Machine Tool
  • DMG MORI
  • FANUC
  • Haas Automation
  • JTEKT
  • MORE
New Report Released: - Global Material Removal Tools Market 2017-2021

The author of the report recognizes the following companies as the key players in the global material removal tools market: DMG MORI, Dalian Machine Tool Group (DMTG), Makita, Robert Bosch, and SMTCL.

Other Prominent Vendors in the market are: Allied Machine & Engineering, Amada, Atlas Copco, BAIER, Beijing No.1 Machine Tool, Casals, Craftsman, Doosan Infracore, Fair Friend Group, FANUC, Freudenberg, GF Machining Solutions, Haas Automation, Hardinge, Hilti, JTEKT, Kennametal, Komatsu, MAKINO, and Sandvik.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Additive manufacturing. The manufacturing industry has started witnessing the advent of a revolutionary technology called 3D printing. 3D printing (additive manufacturing) is the process of creating three-dimensional objects using a digital file. The process generally involves building the product in thin layers one by one. 3D printing enables the production of complex geometries that are impossible with traditional manufacturing techniques.”

According to the report, one of the major drivers for this market is Growing need to develop superior-quality products. Manufacturers across the globe have started focusing on adopting state-of-the-art tools to minimize production time without lowering the quality of the product. On the other hand, on-time delivery is becoming the key buying criterion across many industries. Also, many customers are now insisting on coordinate measuring machines (CMM) reports to verify the quality of the end products. Despite the deployment of several high-quality machining centers and other such machines, the use of the precise cutting tools for machining components is a prime factor that determines the quality of the products manufactured. This has led to increase in adoption of high-speed steel (HSS) metal cutting tools, which use advanced technology.

Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in raw material prices. The capital requirement of the turning tool manufacturers is required to provide advanced and innovative tools in the market, which has grown considerably. Inputs such as iron and steel, aluminum, titanium, stainless steel, copper, brass, and other alloys are necessary to manufacture machine tools for drilling, lathes, gear cutting, grinding, boring, and polishing machines. These raw materials account for about 48% of the overall manufacturing cost of machine tools, while labor costs account for about 27%.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • DMG MORI
  • Dalian Machine Tool Group (DMTG)
  • Makita
  • Robert Bosch
  • SMTCL
  • Allied Machine & Engineering
  • Amada
  • Atlas Copco
  • BAIER
  • Beijing No.1 Machine Tool
  • Casals
  • Craftsman
  • Doosan Infracore
  • Fair Friend Group
  • FANUC
  • Freudenberg
  • GF Machining Solutions
  • Haas Automation
  • Hardinge
  • Hilti
  • JTEKT
  • Kennametal
  • Komatsu
  • MAKINO
  • Sandvik
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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