FEATURED COMPANIES
- 3M
- Chiron Group SE
- GROB-WERKE GmbH & Co. Kg
- ITW
- MAG LAS GmbH
- Schuler AG
- MORE
The global machine tools market is projected to grow from USD 77.0 billion in 2019 to USD 98.3 billion in 2027 at a CAGR of 3.2% during the forecasted period. Major driving factors for the growth of the machine tool industry are the increasing investments in process automation, high growth in vehicle production, and the growing demand for high precision fabricated components and products.
Milling machines segment is expected to be the fastest-growing during the forecast period
Milling machine segments is expected to grow rapidly during the forecast period owing to their wide use in metal cutting applications across several industries. The promising expansion of the metalworking industry and a notable rise in facilities globally have boosted the demand for the milling machines. These machines can also be used for performing multiple cuts simultaneously using multiple cutters. These advantages make milling machines ideal for machining metal parts.
Direct Sales segment is projected to be the fastest-growing sales channel during the forecast period
Direct sales involves selling directly to consumers away from a static commercial or physical location. Sales representatives are the face of the company, and they work close to the target markets. Customers buy the machines by seeing the demo of the prototype. The major advantage in this type of selling is that there are no revenues that need to be shared with the reseller or channel partner. There is little or no dependency for the machine tool manufacturers over the sales process.
Asia Pacific is the largest market for machine tools, followed by Europe
The market in the Asia Pacific region will be mostly dominated by China. This is mainly due to the demand for durable goods, large amounts of vehicle production, investments in aerospace and defense products, etc. A large portion of the conventional machine tools will get replaced with CNC machines in developing countries like India and China adding new market gains.
Japan is the world’s fourth-largest national market for machine tools. The demand for the machine tools is expected to rebound with the release of new and advanced products ranges from top manufacturers. Machine tools manufacturers in Japan are expected to build new plants and upgrade existing factory setup because of the growing sales opportunities - both domestic and international.
Indian machine tool industry is working towards developing new technologies to bridge the existing technology gap. Indian manufacturers are adopting strategies such as investments in R&D, acquisitions, and collaboration with key players to produce high-end machines.
- By Company Type: Machine Tool Manufacturers - 60%, OEMs - 20%, Tier I- 20%
- By Designation: C level - 60%, D Level - 30%, Others - 10%
- By Region: North America - 20%, Europe - 30%, Asia Pacific - 40%, RoW - 10%
The machine tools market is dominated by a few global players. The key players in the market are Doosan Machine Tools Co. Ltd. (Japan), AMADA Pvt. Ltd. (Japan), Makino (Japan), JTKET Corporation (Japan), Georg Fischer Ltd. (Switzerland), Komatsu NTC Ltd. (Japan), OKUMA Corporation (Japan), Hyundai WIA (South Korea), Schuler AG (Germany), Chiron Group SE (Germany), MAG IAS GmbH (Germany), GROB-WERKE GmbH & Co. KG (Germany), Haas Automation Inc. (USA), Gleason Corporation (USA), Spinner Machine Tools (Germany), Dalian Machine Tools Group Corporation (China), Yamazaki Mazak Corporation (Japan), DMG MORI (Germany), Electronica Hitech Engineering Pvt. Ltd. (India), Ace Micromatic Group (India).
The study includes an in-depth competitive analysis of these key players in the global machine tools market, with their company profiles, SWOT analysis of the top 5 companies, recent developments, and key market strategies adopted by the key players.
Research Coverage
The global machine tools market has been segmented by product type (Milling machines, Drilling machines, Turning machines, Grinding machines, Electrical discharge machines), by automation (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 by region (Asia Pacific [China, Japan, South Korea, India], Europe [UK, Germany, France, Spain, Switzerland, Turkey, UK, and Italy], and North America [US, Canada, and Mexico], and Rest of the world [Brazil, Russia])
Key Benefits of Buying the Report:
This report provides insights with reference to the following points:
- Market Size, by product type category: The report offers in-depth market sizing and forecast up to 2027 in terms of value, by machine tools product type (milling machines, drilling machines, turning machines, grinding machines, electrical discharge machines).
- Market Size, by Automation: The report offers in-depth market sizing and forecast up to 2027 in terms of value, by automation (CNC Machine tools, conventional machine tools).
- The report provides “competitive leadership mapping” that profiles key players as visionary leaders, innovators, dynamic differentiators, and emerging companies.
- Market Development: The report provides comprehensive information about lucrative emerging markets for machine tools market across regions.
- Product Development/Innovation: The report gives detailed insights into R&D activities, upcoming technologies, and new product launches in the machine tools market.
FEATURED COMPANIES
- 3M
- Chiron Group SE
- GROB-WERKE GmbH & Co. Kg
- ITW
- MAG LAS GmbH
- Schuler AG
- MORE
1 Introduction
1.1 Objectives of the Study
1.2 Market and Product Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency and Pricing
1.5 Stakeholders
1.6 Limitations
2 Research Methodology
2.1 Secondary Data
2.1.1 Key Data From Secondary Sources
2.2 Primary Data
2.2.1 Sampling Techniques & Data Collection Methods
2.2.2 Primary Participants
2.3 Market Size Estimation
2.4 Data Triangulation
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Machine Tools Market
4.2 Machine Tools Market, By Product Type
4.3 Machine Tools Market, By Industry Segment
4.4 Machine Tools Market, By Automation
4.5 Machine Tools Market, By Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Impact Analysis
6 Industry Trends
6.1 Introduction
6.2 Product Lifecycle
6.3 Evolution
6.4 Value Chain Analysis
6.4 Porter’s Five Forces
7 Global Machine Tools Market, By Product Type
7.1 Introduction
7.2 Market Share Analysis, By Product Type
7.3 Milling Machines
7.4 Drilling Machines
7.5 Turning Machines
7.6 Grinding Machines
7.7 Electrical Discharge Machines
8 Global Machine Tools Market, By Industry Segment
8.1 Introduction
8.2 Automotive and Transportation
8.3 Energ
8.4 Sheet Metals
8.5 Capital Goods
8.6 Market Share Analysis, By Industry Segment
8.7 Opportunity Analysis, By Industry Segment
9 Global Machine Tools Market, By Automation
9.1 Introduction
9.2 CNC Machine Tools
9.3 Conventional Machine Tools
9.4 Market Share Analysis, By Automation Type
9.5 Opportunity Analysis, By Automation Type
10 Global Machine Tools Market, By Sales Channel
10.1 Introduction
10.2 Events and Exhibitions
10.3 Dealers and Distributors
10.4 Direct Sales
11 Global Machine Tools Market, By Region
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 RoW
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situation & Trends
12.4 Product Developments
12.4.1 New Product Developments
12.4.2 Partnerships/Joint Ventures/Collaborations
12.4.3 Expansions
12.4.3 Mergers & Acquisitions
13 Company Profiles
13.1 Doosan Machine Tools Co.Ltd
13.2 AMADA Pvt Ltd.
13.3 Makino
13.4 JTEKT Corporation
13.5 Georg Fischer Ltd
13.6 Komatsu NTC Ltd
13.7 OKUMA Corporation
13.8 Hyundai WIA
13.9 Schuler AG
13.1 Chiron Group SE
13.11 MAG LAS GmbH
13.12 GROB-WERKE GmbH & Co. Kg
13.13 Haas Automation Inc
13.14 Gleason Corporation
13.15 Spinner Machine Tools
13.16 Dalian Machine Tool Group Corporation
13.17 Yamazaki Mazak Corporation
13.18 Electronica Hitech Engineering Pvt Ltd
13.19 Ace Micromatic Group
13.20 DMG MORI
14 Appendix
14.1 Discussion Guide
14.2 Available Customizations
14.3 Related Reports
14.4 Other Developments
List of Tables
Table 1 Currency Exchange Rates
Table 2 Global Machine Tools Market Forecast (2017-2027), By Product Type (USD Billion)
Table 3 Machine Tools Market Forecast, By Region, 2017–2027 (USD Billion)
Table 4 Asia Pacific: Car Care Products Market Forecast, By Country, 2017 – 2027 (USD Billion)
Table 5 Europe: Car Care Products Market Forecast, By Country, 2017–2027 (USD Billion)
Table 6 North America Car Care Products Market Forecast, By Country, 2017–2027 (USD Billion)
Table 7 Rest of the World Integrated Vehicle Health Management Market Forecast, By Country, 2017–2027 (USD Million)
Table 8 Recent Financials: Yamazaki Mazak Corporation
Table 9 Expansions:
Table 10 Recent Financials: Illinois Tool Works
Table 11 Recent Financials: Würth Group
Table 12 Acquisition: Würth Group
Table 13 Recent Financials: Autoglym
Table 14 New Product Development: Autoglym
Table 15 Key Financials: Sonax
Table 16 New Product Development: Sonax
Table 17 Contract/Partnership: Tetrosyl
Table 18 Contract/Partnership: Turtle Wax
Table 19 Partnership: Liqui Moly
Table 20 New Product Development: Liqui Moly
Table 21 Expansions: Liqui Moly
Table 22 Acquisitions: Northern Labs
Table 23 Related Reports
List of Figures
Figure 1 Market Information and Data Snapshot
Figure 2 Region-Specific Market Share
Figure 3 Premium Insights on the Growth of Industry During the Forecasted Period (2019-2027)
Figure 4 Market Dynamics
Figure 5 Product Lifecycle
Figure 6 Evolution Car Care Products
Figure 7 Value Chain Analysis
Figure 8 Porter’s 5 Forces: Snapshot
Figure 9 Current and Forecast (USD Billion) By Product Type
Figure 10 Current and Forecast (USD Billion) By Solvent Type
Figure 11 Market Share Analysis: Solvent Type
Figure 12 Opportunity Analysis: Solvent Type
Figure 13 Current and Forecast (USD Billion) By Application Type
Figure 14 Market Share Analysis: Application Type
Figure 15 Opportunity Analysis: Application Type
Figure 16 Current and Forecast (USD Billion) By Consumption Type
Figure 17 Market Share Analysis: Application Type
Figure 18 Opportunity Analysis: Application Type
Figure 19 Regional Landscape: Global Car Care Products Market, 2019 – 2027
Figure 20 Asia Pacific: Global Car Care Products Market Snapshot
Figure 21 Market Size Forecast: By Country
Figure 22 Europe: Global Car Care Products Market Snapshot
Figure 23 Market Size Forecast: By Country
Figure 24 North America Car Care Products Market: Snapshot
Figure 25 Market Size Forecast: By Country
Figure 26 Market Size Forecast: By Country
Figure 27 Company Snapshot:3M
Figure 28 SWOT Analysis:3M
Figure 29 Company Snapshot: Itw
Figure 30 SWOT Analysis: Itw
Figure 31 Company Snapshot: Würth Group
Figure 32 SWOT Analysis: Würth Group
Figure 33 Company Snapshot: Autoglym
Figure 34 SWOT Analysis: Autoglym
Figure 35 SWOT Analysis: Sonax
LOADING...
- 3M
- Ace Micromatic Group
- AMADA Pvt Ltd.
- Autoglym
- Chiron Group SE
- Dalian Machine Tool Group Corporation
- DMG MORI
- Doosan Machine Tools Co.Ltd
- Electronica Hitech Engineering Pvt Ltd
- Georg Fischer Ltd
- Gleason Corporation
- GROB-WERKE GmbH & Co. Kg
- Haas Automation Inc
- Hyundai WIA
- Illinois Tool Works
- ITW
- JTEKT Corporation
- Komatsu NTC Ltd
- Liqui Moly
- MAG LAS GmbH
- Makino
- Northern Labs
- OKUMA Corporation
- Schuler AG
- Sonax
- Spinner Machine Tools
- Tetrosyl
- Turtle Wax
- Würth Group
- Yamazaki Mazak Corporation
LOADING...
