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COVID-19 Impact on the Global Machine Tool Market by Machine Type, Automation Type, Industry, Sales Channel, and Region - Global Forecast to 2021

  • ID: 5024119
  • Report
  • April 2020
  • Region: Global
  • 73 Pages
  • Markets and Markets
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Post Covid-19, the Global Machine Tool Market Size is Projected to Reach USD 68.9 Billion by 2021 from an Estimated USD 65.6 Billion in 2020, at a CAGR of 5.0%

FEATURED COMPANIES

  • Amada
  • Chiron Group
  • DMG Mori
  • Doosan
  • GF Machining Solutions
  • Hyundai WIA
  • MORE

Shift towards automation and remote monitoring through IoT innovation will be seen to lower the dependency of manual labor.

The projections were based on the ongoing automotive industry production drop, which is the biggest consumer of machine tools and, additionally, the supply chain disruptions caused by the COVID-19 pandemic in the manufacturing industry.

The machine tool market will see an increase in automation and remote monitoring through the Internet of Things (IoT) innovation. Machine monitoring systems will be set up that will allow remote monitoring of CNC machines. This technology not only accesses remotely but collects overall data from all types of machines and monitors their energy consumption, which could result in a substantial increase in machine utilization and energy saving.

The US-China trade deal signed recently after the trade war that downsized the machine tool market is expected to bring relief post-COVID-19.

The COVID-19 outbreak has worsened over the first quarter of 2020, which is having a significant and growing effect on international supply chains. Global imports from China were about 4% lower over the two months through February 2020, compared with the same time last year. With the crisis expected to continue until the second quarter of 2020, the imports globally will be falling to its worst. However, the recent trade deal signed between the US and China is expected to provide some relief to ease up the supply chain that has affected the 2019 market with the trade war.

The Asia Pacific machine tool market is expected to register the fastest growth during the forecast period.

The Asia Pacific market is expected to witness the fastest growth, followed by North America and the Rest of the World. With the automotive industry in countries such as China, Japan, and South Korea is inclined toward innovation, technology, and the development of advanced electric vehicles, the machine tool demand is expected to increase.

In-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in this market.

  • By Company Type: Tier I - 38%, Tier II - 37%, and Tier OEM - 25%
  • By Designation: C Level - 30%, D Level - 50%, and Others - 20%
  • By Region: North America - 31%, Europe - 32%, and Asia Pacific - 37%

The machine tool market comprises of major manufacturers such as Doosan (South Korea), Amada (Japan), Makino (Japan), JTEKT (Japan), GF Machining Solutions (Switzerland), DMG Mori (Japan), Komatsu (Japan), OKUMA (Japan), Hyundai WIA (South Korea), Schuler (Germany), and Chiron Group (Germany)

Research Coverage:

This report covers the COVID-19 impact on the global machine tool market based on Machine type, Automation, Industry segment, sales channel, and geography. A detailed analysis of the key industry players has been done to provide insights into their business, products, and services, and key strategies associated with the machine tool market

Key Benefits of Buying the Report:

  • Illustrative segmentation, analysis, and forecast pertaining to the machine tool market based on Machine type, Automation, Industry segment, sales channel, and geography have been conducted to provide an overall view of the machine tool ecosystem considering detailed impact analysis of COVID-19
  • This report will help stakeholders understand the market scenario and gain more insights to better position their businesses and plan suitable strategies considering the impact of COVID-19.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Amada
  • Chiron Group
  • DMG Mori
  • Doosan
  • GF Machining Solutions
  • Hyundai WIA
  • MORE

1 Executive Summary

2 Introduction
2.1 Covid-19
2.2 Confirmed Cases and Deaths by Geography
2.3 Key Measures Taken by Key Countries

3 Market Overview
3.1 Introduction
3.2 Global Machine Tools Market - An Overall Ecosystem
3.3 Impact of Covid-19 on Machine Tool Manufacturing Companies
3.4 Macro-Economic Indicators
3.4.1 Short Term Drivers
3.4.2 Short Term Restraints

4 Covid-19 Impact on Global Machine Tool Market Size
4.1 Introduction
4.1.1 Research Methodology
4.1.2 Assumptions and Definitions
4.2 Covid-19 Impact on Machine Type
4.2.1 Most Likely (Medium Impact) Market Scenario for Machine Type Market, 2017-2021
4.2.1.1 Metal Cutting Machines
4.2.1.2 Metal Forming Machines
4.2.2 Optimistic Market (Low Impact) Scenario for Machine Type, 2017-2021
4.2.3 Pessimistic Market (High Impact) Scenario for Machine Type, 2017-2021
4.3 Covid-19 Impact on Machine Tool, by Automation Type
4.3.1 Most Likely (Medium Impact) Market Scenario for Automation Type Market, 2017-2021
4.3.1.1 CNC Machine Tools
4.3.1.2 Conventional Machine Tools
4.3.2 Optimistic Market (Low Impact) Scenario for Automation Type, 2017-2021
4.3.3 Pessimistic Market (High Impact) Scenario for Automation Type, 2017-2021
4.4 Covid-19 Impact on Machine Tool Market, by Industry Segment
4.4.1 Most Likely (Medium Impact) Market Scenario, by Industry, 2017-2021
4.4.1.1 Automotive Industry
4.4.1.2 Sheet Metal Industry
4.4.1.3 Capital Goods Industry
4.4.1.4 Energy Industry
4.4.2 Optimistic Market (Low Impact) Scenario, by Industry, 2017-2021
4.4.3 Pessimistic Market (High Impact) Scenario, by Industry, 2017-2021
4.5 Covid-19 Impact on Machine Tool Market, by Sales Channel
4.5.1 Most Likely (Medium Impact) Market Scenario, by Sales Channel, 2017-2021
4.5.2 Optimistic Market (Low Impact) Scenario, by Sales Channel, 2017-2021
4.5.3 Pessimistic Market (High Impact) Scenario, by Sales Channel, 2017-2021
4.6 Covid-19 Impact on Machine Tool Market, by Region
4.6.1 Most Likely (Medium Impact) Market Scenario, by Sales Channel, 2017-2021
4.6.2 Optimistic Market (Low Impact) Scenario, by Sales Channel, 2017-2021
4.6.3 Pessimistic Market (High Impact) Scenario, by Sales Channel, 2017-2021

5 Covid-19 Impact on Machine Tool Market in Key Countries
5.1 Introduction
5.2 China
5.3 US
5.4 Germany
5.5 Japan
5.6 Italy
5.7 Korea
5.8 India
5.9 Mexico
5.10 Taiwan
5.11 Russia
5.12 Canada

6 Business Opportunities (Top Gainers Vs Top Losers)
6.1 in Terms of Manufacturing
6.2 in Terms of Supply Chain

7 Competitive Landscape and Covid-19 Impact
7.1 Introduction
7.2 Impact on Industry Segments
7.3 Impact on Machine Tool Manufacturers
7.4 Impact on Sales Channel
7.5 Winning Strategies to Gain the Market Share

8 Consumer Trends Outlook
8.1 Introduction
8.2 Expected Trends in Industry Segments Owing to Covid-19 Impact
8.3 Expected Trends in Sales Channel Owing to Covid-19 Impact

List of Tables
Table 1 Most Likely Scenario: Covid-19 Impact on the Global Machine Tools Market, by Machine Type, 2017-2021 (USD Million)
Table 2 Optimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Machine Type, 2017-2021 (USD Million)
Table 3 Pessimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Machine Type, 2017-2021 (USD Million)
Table 4 Most Likely Scenario: Covid-19 Impact on the Global Machine Tools Market, by Automation Type, 2017-2021 (USD Million)
Table 5 Optimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Automation Type, 2017-2021 (USD Million)
Table 6 Pessimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Automation Type, 2017-2021 (USD Million)
Table 7 Most Likely Scenario: Covid-19 Impact on the Global Machine Tools Market, by Industry, 2017-2021 (USD Million)
Table 8 Optimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Industry, 2017-2021 (USD Million)
Table 9 Pessimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Industry, 2017-2021 (USD Million)
Table 10 Most Likely Scenario: Covid-19 Impact on the Global Machine Tools Market, by Sales Channel, 2017-2021 (USD Million)
Table 11 Optimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Sales Channel, 2017-2021 (USD Million)
Table 12 Pessimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Sales Channel, 2017-2021 (USD Million)
Table 13 Most Likely Scenario: Covid-19 Impact on the Global Machine Tools Market, by Region, 2017-2021 (USD Million)
Table 14 Optimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Region, 2017-2021 (USD Million)
Table 15 Pessimistic Scenario: Covid-19 Impact on the Global Machine Tools Market, by Region, 2017-2021 (USD Million)
Table 16 China: Economic Indicator During Covid-19 Impact on the Market

List of Figures
Figure 1 Covid-19: the Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
Figure 3 Countries Begin with Similar Trajectories But Curves Deviate Based on Measures Taken
Figure 4 Revised Gdp Forecasts for Select G20 Countries in 2020
Figure 5 Criteria Impacting the Global Economy
Figure 6 Scenarios in Terms of Recovery of the Global Economy
Figure 7 Global Machine Tools Market Ecosystem
Figure 8 Global Machine Tools Market: Value Chain
Figure 9 Market Size Estimation Methodology for Machine Tools: Top-Down Approach
Figure 10 Most Likely Scenario: Covid-19 Impact on Machine Type, 2020 Vs. 2021 (USD Million)
Figure 11 Covid-19 Impact on Global Metal Cutting Machine, 2019-2021 (USD Million)
Figure 12 Covid-19 Impact on Global Metal Forming Machine, 2019-2021 (USD Million)
Figure 13 Optimistic Scenario: Covid-19 Impact on Machine Type, 2020 Vs. 2021 (USD Million)
Figure 14 Pessimistic Scenario: Covid-19 Impact on Machine Type, 2020 Vs. 2021 (USD Million)
Figure 15 Most Likely Scenario: Covid-19 Impact on Automation Type, 2020 Vs. 2021 (USD Million)
Figure 16 Covid-19 Impact on Global CNC Machine Tools, 2019-2021 (USD Million)
Figure 17 Covid-19 Impact on Global Conventional Machine Tools, 2019-2021 (USD Million)
Figure 18 Optimistic Scenario: Covid-19 Impact on Automation Type, 2020 Vs. 2021 (USD Million)
Figure 19 Pessimistic Scenario: Covid-19 Impact on Automation Type, 2020 Vs. 2021 (USD Million)
Figure 20 Most Likely Scenario: Covid-19 Impact, by Industry, 2020 Vs. 2021 (USD Million)
Figure 21 Covid-19 Impact on Global Machine Tools in Automotive, 2019-2021 (USD Million)
Figure 22 Covid-19 Impact on Global Machine Tools in Sheet Metal, 2019-2021 (USD Million)
Figure 23 Covid-19 Impact on Global Machine Tools in Capital Goods, 2019-2021 (USD Million)
Figure 24 Covid-19 Impact on Global Machine Tools in Energy, 2019-2021 (USD Million)
Figure 25 Optimistic Scenario: Covid-19 Impact on Industry, 2020 Vs. 2021 (USD Million)
Figure 26 Pessimistic Scenario: Covid-19 Impact on Industry, 2020 Vs. 2021 (USD Million)
Figure 27 Most Likely Scenario: Covid-19 Impact on Sales Channels, 2020 Vs. 2021 (USD Million)
Figure 28 Optimistic Scenario: Covid-19 Impact on Sales Channels, 2020 Vs. 2021 (USD Million)
Figure 29 Pessimistic Scenario: Covid-19 Impact on Sales Channels, 2020 Vs. 2021 (USD Million)
Figure 30 Most Likely Scenario: Covid-19 Impact on Regions, 2020 Vs. 2021 (USD Million)
Figure 31 Optimistic Scenario: Covid-19 Impact on Regions, 2020 Vs. 2021 (USD Million)
Figure 32 Pessimistic Scenario: Covid-19 Impact on Regions, 2020 Vs. 2021 (USD Million)
Figure 33 Covid-19 Impact on the Global Machine Tools Market, by Key Country, 2017-2021 (USD Million)
Figure 34 Covid-19 Impact on the Global Machine Tools Market in China, 2018-2021 (USD Million)
Figure 35 Covid-19 Impact on the Global Machine Tools Market in the Us, 2018-2021 (USD Million)
Figure 36 Covid-19 Impact on the Global Machine Tools Market in Germany, 2018-2021 (USD Million)
Figure 37 Covid-19 Impact on the Global Machine Tools Market in Japan, 2018-2021 (USD Million)
Figure 38 Covid-19 Impact on the Global Machine Tools Market in Italy, 2018-2021 (USD Million)
Figure 39 Covid-19 Impact on the Global Machine Tools Market in South Korea, 2018-2021 (USD Million)
Figure 40 Covid-19 Impact on the Global Machine Tools Market in India, 2018-2021 (USD Million)
Figure 41 Covid-19 Impact on the Global Machine Tools Market in Mexico, 2018-2021 (USD Million)
Figure 42 Covid-19 Impact on the Global Machine Tools Market in Taiwan, 2018-2021 (USD Million)
Figure 43 Covid-19 Impact on the Global Machine Tools Market in Japan, 2018-2021 (USD Million)
Figure 44 Covid-19 Impact on the Global Machine Tools Market in Canada, 2018-2021 (USD Million)
Figure 45 Covid-19 Impact on the Global Machine Tools Market in Turkey, 2018-2021 (USD Million)

Note: Product cover images may vary from those shown
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  • Amada
  • Chiron Group
  • DMG Mori
  • Doosan
  • GF Machining Solutions
  • Hyundai WIA
  • JTEKT
  • Komatsu
  • Makino
  • OKUMA
  • Schuler
Note: Product cover images may vary from those shown
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