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Machine Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

  • ID: 4828702
  • Report
  • August 2019
  • Region: Global
  • 109 pages
  • IMARC Group
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FEATURED COMPANIES

  • 600 Group
  • Dalian Machine Tool Group
  • Doosan Machine Tools
  • HYUNDAI WIA
  • Makino
  • Schuler
  • MORE
The global machine tools market was worth US$ 106 Billion in 2018. Machine tools refer to power-driven metal cutting or forming equipments used for metals or other hard materials. There is a wide variety of machine tools available in the market ranging from small workbench mounted instruments to large devices which are used in modern industries. They perform a range of operations such as cutting, forming, drilling, grinding, abrading and nibbling, which help to enhance product uniformity and reduce the human interaction required in different steps of the process. Over the years, the mode of operation of these tools has evolved from numerical control (NC) to computer numerical control (CNC) and direct numerical control (DNC). Manufacturers are also designing advanced machine tools to attain higher productivity.

Machine tools are used in a number of industries such as automotive, aerospace, electronics, precision engineering, etc. Continuous expansion in these industries along with the exploration of new oil and gas fields are the primary drivers for market growth. Moreover, the incorporation of 3D printing technology has aided in minimizing the amount of materials used for producing these tools in recent years. For instance, Yamazaki Mazak, a Japanese machine tool manufacturer, utilizes 3D printing in the production of its CNC machines. Apart from this, several companies are introducing automation into their manufacturing processes to increase their productivity and meet quality standards. This has led to an increase in their profit margins and positively impacted the regulation of resources. Besides this, vendors are also using modern design and simulation engineering softwares to ensure the sturdiness, accuracy and reliability of the machines. Looking forward, The publisher expects the global machine tools market to reach a value of US$ 150 Billion by 2024, registering a CAGR of around 6% during 2019-2024.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Tool Type:
Metal Cutting
Metal Forming
Accessories

Market Breakup by Technology Type:
Conventional
CNC (Computerized Numerical Control)
Others

Market Breakup by End Use Industry:
Automotive
Aerospace and Defense
Electrical and Electronics
Consumer Goods
Precision Engineering
Others

Market Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the global machine tools market with some of the key players being Allied Machine & Engineering, AMADA Holdings, Dalian Machine Tool Group, DMG MORI, FALCON Machine Tools, 600 Group, Yamazaki Mazak, Trumpf, Komatsu, JTEKT, Doosan Machine Tools, Okuma, HYUNDAI WIA, Makino, Schuler, etc.

Key Questions Answered in This Report:

How has the global machine tools market performed so far and how will it perform in the coming years?
What are the key regional markets in the global machine tools industry?
What is the breakup of the market based on the tool type?
What is the breakup of the market based on the technology type?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the global machine tools industry?
What are the key driving factors and challenges in the global machine tools industry?
What is the structure of the global machine tools industry and who are the key players?
What is the degree of competition in the global machine tools industry?
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 600 Group
  • Dalian Machine Tool Group
  • Doosan Machine Tools
  • HYUNDAI WIA
  • Makino
  • Schuler
  • MORE
1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Machine Tools Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Tool Type
5.4 Market Breakup by Technology Type
5.5 Market Breakup by End Use Industry
5.6 Market Breakup by Region
5.7 Market Forecast

6 Market Breakup by Tool Type
6.1 Metal Cutting
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Metal Forming
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Accessories
6.3.1 Market Trends
6.3.2 Market Forecast

7 Market Breakup by Technology Type
7.1 Conventional
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 CNC
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast

8 Market Breakup by End Use Industry
8.1 Automotive
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Aerospace and Defense
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electrical and Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Consumer Goods
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Precision Engineering
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast

9 Market Breakup by Region
9.1 Asia Pacific
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 North America
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Middle East and Africa
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Latin America
9.5.1 Market Trends
9.5.2 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porter’s Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Allied Machine & Engineering
14.3.2 AMADA Holdings
14.3.3 Dalian Machine Tool Group
14.3.4 DMG MORI
14.3.6 FALCON Machine Tools
14.3.7 600 Group
14.3.8 Yamazaki Mazak
14.3.9 Trumpf
14.3.10 JTEKT
14.3.11 Doosan Machine Tools
14.3.12 Okuma
14.3.13 HYUNDAI WIA
14.3.14 Makino
14.3.15 Schuler
Note: Product cover images may vary from those shown
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  • Allied Machine & Engineering
  • AMADA Holdings
  • Dalian Machine Tool Group
  • DMG MORI
  • FALCON Machine Tools
  • 600 Group
  • Yamazaki Mazak
  • Trumpf
  • JTEKT
  • Doosan Machine Tools
  • Okuma
  • HYUNDAI WIA
  • Makino
  • Schuler
Note: Product cover images may vary from those shown
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