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Global Machine Tools Market, By Product Type, By Automation Type, By Industry, By Sales Channel, Estimation & Forecast, 2017 - 2027

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  • 239 Pages
  • August 2021
  • Region: Global
  • Astute Analytica
  • ID: 5438467

Global Machine Tools Market is Projected to Grow at a CAGR of 4.7% During the Forecast Period 2017-2027

The global machine tools market held a market value of USD 69,855.2 Million in 2020 and is forecasted to reach USD 95,169.1 Million by the year 2027. The market is expected to register a CAGR of 4.7% during the forecast period. The market volume for machine tools was 4,374.68 thousand tons in 2020.

Machine tools are machines for handling metal or rigid materials. This is usually done by techniques such as boring, cutting, shearing, grinding, and other forms of deformation. Favorable government regulations & policies for the manufacturing sector and increased demand in emerging markets are also expected to boost the market growth. Furthermore, technological advancements regarding machine tools are also anticipated to boost market growth.

Growth Influencers:

Favorable government regulations and policies for the manufacturing sector

Globally, most nations have favorable government regulations and policies to manufacture safe products. For instance, the regulatory framework in India is supported by 3 government institutions - the Ministry of Heavy Industries & Public Enterprises, the Bureau of Indian Standards, and the Ministry of Labour & Employment. The country also has favorable policies, such as the National Policy on Safety, Health & Environment at Workplace 2009 and National Capital Goods Policy 2016, among others. These help in setting standards & compliance on safety, health & environment. They also help in promoting exports, increase domestic production, technology improvement, mandatory standardization of machines & equipment by adopting ISO, reduce sub-standard imports through standardization, and skill development. All these factors support the manufacturing sector, hence boosting the market growth.

Increased demand in emerging markets

Demand for machine tools majorly comes from manufacturers of primary and intermediate goods. Primary user industries include capital goods, consumer durables, and automotive. The intermediate goods industries include ball & roll bearings, auto components, and electronic components. A major part of these industries is located in emerging nations such as China and India, among others. This is expected to drive the market growth over the projected period.

Segments Overview:

The global Machine Tools market is segmented into product type, automation type, industry, and sales channel.

By Product Type

  • Milling Machine
  • Lathe Machine
  • Laser Machine
  • Drilling Machine
  • Turning Machine
  • Grinding Machine
  • Electrical Discharge Machines
  • Machining Centers

The machining centers segment accounts for the largest share of around 20% in the market. The milling machine segment is expected to grow at the fastest CAGR owing to the lucrative expansion of metalworking process industries worldwide, which boosted the demand for milling machines.

By Automation Type

  • CNC Machine Tools
  • Conventional Machine Tools

The CNC machine tools segment held the largest market share owing to the rising demand from companies in the manufacturing sector for product innovation and productivity improvements. The conventional machine tools segment is also expected to grow at a significant growth rate.

By Industry

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

The automotive segment is anticipated to account for the largest market share. Increasing adoption of integration of technologies such as the Internet of Things, robotics, and Artificial Intelligence, among others, in the automotive sector is expected to contribute to the market growth. The industrial segment is anticipated to grow at the fastest CAGR of 4.5%.

By Sales Channel

  • Dealers and Distributors
  • Events and Exhibitions

The dealers & distributors segment accounted for the largest market share. The presence of numerous dealers and distributors, such as Absolute Machine Tools, Inc. and Ellison Technologies, among others are expected to boost the market growth during the forecast period.

Regional Overview

On a regional basis, the global Machine Tools market is segmented into North America, Europe, Asia Pacific, Middle East, Africa, and South America.

The Asia Pacific region accounted for the largest market share of around 54% in the global market owing to the presence of fast-emerging economies such as China and India, which have initiatives such as Made in China 2025 and Make in India. Furthermore, the expanding construction sector in the region is also expected to boost market growth.

The European region is expected to hold the second-largest market share owing to the increasing demand for machine tools from industries such as oil & energy, automotive, and aerospace & defense, among others. In addition, North America is estimated to witness a significant growth rate.

Competitive Landscape

Key players operating in the global machine tools market include Ace Micromatic Group, AMADA Co., Ltd., CHIRON Group SE, Dalian Machine Tools Group Corporation, DMG MORI, Doosan Machine Tools Co. Ltd., Electronica Hitech Engineering Pvt. Ltd., FFG European & American Holdings GmbH, Georg Fischer Ltd, Gleason Corporation, GROB-WERKE GmbH & Co. KG, Haas Automation Inc., Hyundai WIA, INDEX-Werke GmbH & Co. KG, Hahn & Tessky, JTEKT Corporation, Komatsu Ltd., MAG IAS GmbH, Makino, Okuma Corporation, Schuler AG, Spinner Machine Tools, Trumpf, and Yamazaki Mazak Corporation, among others.

The cumulative market share of the sixteen major players is near about 31%. These market players are engaged in partnerships, new product launches, mergers & acquisitions to strengthen their market presence. For instance, in August 2020, the Chiron Group acquired Mecatis SA, a company dealing in small, high-precision machining centers, used in the medical, watchmaking, microengineering, and jewelry industry.

The global Machine Tools market report provides insights on the below pointers:

  • Market Penetration: Provides comprehensive information on the market offered by the prominent players
  • Market Development: The report offers detailed information about lucrative emerging markets and analyzes penetration across mature segments of the markets
  • Market Diversification: Provides in-depth information about untapped geographies, recent developments, and investments
  • Competitive Landscape Assessment: Mergers & acquisitions, certifications, product launches in the global Machine Tools market have been provided in this research report. In addition, the report also emphasizes the SWOT analysis of the leading players.
  • Product Development & Innovation: The report provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The global Machine Tools market report answers questions such as:

  • What is the market size and forecast of the Global Machine Tools Market?
  • What are the inhibiting factors and impact of COVID-19 on the Global Machine Tools Market during the assessment period?
  • Which are the products/segments/applications/areas to invest in over the assessment period in the Global Machine Tools Market?
  • What is the competitive strategic window for opportunities in the Global Machine Tools Market?
  • What are the technology trends and regulatory frameworks in the Global Machine Tools Market?
  • What is the market share of the leading players in the Global Machine Tools Market?
  • What modes and strategic moves are considered favorable for entering the Global Machine Tools Market?

Table of Contents

Chapter 1. Research Framework
1.1. Objective
1.2. Product Overview
1.2.1. Market Segmentation
1.2.2. Market & Segment Definitions
1.3. Research Methodology
1.3.1. List of Primary & Secondary Sources
1.3.2. Market Size Estimation Assumption for the Study Data Triangulation
Chapter 2. Executive Summary: Global Machine Tools Market
Chapter 3. Global Machine Tools Market Overview
3.1. Industry Value Chain Analysis
3.1.1. Material Provider
3.1.2. Manufacturer
3.1.3. Distributor
3.1.4. End User (Downstream Buyers)
3.2. Industry Outlook
3.2.1. Largest machine tool manufacturers
3.2.2. Manufacturing Cost Analysis Labor Cost Analysis
3.2.3. Business Cost Structure Analysis
3.3. PESTLE Analysis
3.4. Porter's Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitutes
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Dynamics and Trends
3.5.1. Key Trends
3.5.2. Growth Drivers Advances in innovation & technology for machine tools Increased demand in emerging markets
3.5.3. Restraints/ Challenges Performance of alternative products getting better
3.5.4. Opportunities
3.6. Market Growth and Outlook
3.6.1. Market Revenue Estimates and Forecast (US$ Mn), 2017-2027
3.6.2. Market Volume Estimates and Forecast (Units), 2017-2027
3.6.3. Pricing Analysis
3.7. Covid-19 Impact Assessment on Market Growth Trend
3.7.1. Growth Trend Shift Analysis
3.7.2. Industry Best Practices
3.8. Regulatory Landscape
Chapter 4. Competition Dashboard
4.1. Market Concentration Rate
4.2. Company Market Share Analysis (Value %), 2020
4.3. Competitor Mapping
4.3.1. Distribution Network
4.3.2. Product Mix
4.3.3. Application Coverage
4.4. Recent M&A Activities by Key Players
Chapter 5. Machine Tools Market Analysis, By Product Type
5.1. Key Insights
5.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
5.2.1. Milling Machines
5.2.2. Lathe Machine
5.2.3. Laser Machine
5.2.4. Drilling Machines
5.2.5. Turning Machines
5.2.6. Grinding Machines
5.2.7. Electrical Discharge Machines
5.2.8. Machining Centers
Chapter 6. Machine Tools Market Analysis, By Automation Type
6.1. Key Insights
6.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
6.2.1. CNC Machine Tools
6.2.2. Conventional Machine Tools
Chapter 7. Machine Tools Market Analysis, By Industry Segment
7.1. Key Insights
7.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
7.2.1. Automotive
7.2.2. Aerospace & Defense
7.2.3. Construction Equipment
7.2.4. Power & Energy
7.2.5. Industrial
7.2.6. Others
Chapter 8. Machine Tools Market Analysis, By Sales Channel
8.1. Key Insights
8.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
8.2.1. Events and Exhibitions
8.2.2. Dealers and Distributors
Chapter 9. Machine Tools Market Analysis, By Region
9.1. Key Insights
9.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
9.2.1. North America The U.S. Canada Mexico
9.2.2. Europe Western Europe The UK Germany France Italy Spain Rest of Western Europe Eastern Europe Poland Russia Rest of Eastern Europe
9.2.3. Asia Pacific China India Japan Australia & New Zealand ASEAN Malaysia Singapore Thailand Indonesia Cambodia Vietnam Rest of ASEAN Rest of Asia Pacific
9.2.4. Middle East & Africa UAE Saudi Arabia Turkey Egypt South Africa Nigeria Rest of MEA
9.2.5. South America Argentina Brazil Columbia Rest of South America
Chapter 10. North America Machine Tools Market Analysis
10.1. Key Insights
10.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
10.2.1. By Product Type
10.2.2. By Automation Type
10.2.3. By Industry Segment
10.2.4. By Sales Channel
10.2.5. By Country
Chapter 11. Europe Machine Tools Market Analysis
11.1. Key Insights
11.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
11.2.1. By Product Type
11.2.2. By Automation Type
11.2.3. By Industry Segment
11.2.4. By Sales Channel
11.2.5. By Country
Chapter 12. Asia Pacific Machine Tools Market Analysis
12.1. Key Insights
12.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
12.2.1. By Product Type
12.2.2. By Automation Type
12.2.3. By Industry Segment
12.2.4. By Sales Channel
12.2.5. By Country
Chapter 13. Middle East and Africa Machine Tools Market Analysis
13.1. Key Insights
13.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
13.2.1. By Product Type
13.2.2. By Automation Type
13.2.3. By Industry Segment
13.2.4. By Sales Channel
13.2.5. By Country
Chapter 14. South America Machine Tools Market Analysis
14.1. Key Insights
14.2. Market Size and Forecast, 2017 – 2027 (US$ Mn and Units)
14.2.1. By Product Type
14.2.2. By Automation Type
14.2.3. By Industry Segment
14.2.4. By Sales Channel
14.2.5. By Country
Chapter 15. Company Profile (Company Overview, Financial Matrix, Key Product Mix, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook) *
15.1. Ace Micromatic Group
15.1.1. Business Description
15.1.2. Financial Matrix Sales (US$ Mn), 2016 – 2020 Margins Breakdown by Business Division Breakdown by Geographic Region
15.1.3. Key Products & Description
15.1.4. Major Competitors
15.1.5. Contact Details & Key Personnel
15.1.6. Business Strategy Outlook
15.2. AMADA Co., Ltd.
15.3. CHIRON Group SE
15.4. Dalian Machine Tools Group Corporation
15.5. DMG MORI
15.6. Doosan Machine Tools Co. Ltd.
15.7. Electronica Hitech Engineering Pvt. Ltd.
15.8. FFG European & American Holdings GmbH
15.9. Georg Fischer Ltd
15.10. Gleason Corporation
15.11. GROB-WERKE GmbH & Co. KG
15.12. Haas Automation Inc.
15.13. Hyundai WIA
15.14. INDEX-Werke GmbH & Co. KG Hahn & Tessky
15.15. JTKET Corporation
15.16. Komatsu Ltd.
15.17. MAG IAS GmbH
15.18. Makino
15.19. Okuma Corporation
15.20. Schuler AG
15.21. Spinner Machine Tools
15.22. Trumpf
15.23. Yamazaki Mazak Corporation
15.24. Other Prominent players

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Ace Micromatic Group
  • AMADA Co., Ltd.
  • CHIRON Group SE
  • Dalian Machine Tools Group Corporation
  • Doosan Machine Tools Co. Ltd.
  • Electronica Hitech Engineering Pvt. Ltd.
  • FFG European & American Holdings GmbH
  • Georg Fischer Ltd

Table Information