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The machining services market is forecasted to grow by USD 18.83 billion during 2024-2029, accelerating at a CAGR of 4.7% during the forecast period. The report on the machining services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand in oil and gas industry, growing demand for machining services from internal combustion engine (ICE)-based automobiles, and growing demand for computer numerical control (CNC) machines.
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The machining services market is segmented as below:
By Service
- Automotive
- General machinery
- Precision engineering
- Others
By End-user
- Original equipment manufacturers
- Small and medium enterprises
- Contract manufacturers
By Material
- Metals
- Plastics
- Composites
- Ceramics
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
The report on the machining services market covers the following areas:
- Machining Services Market sizing
- Machining Services Market forecast
- Machining Services Market industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Service
9 Market Segmentation by End-user
10 Market Segmentation by Material
11 Customer Landscape
12 Geographic Landscape
13 Drivers, Challenges, and Opportunity/Restraints
14 Competitive Landscape
15 Competitive Analysis
16 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global machining services market: Amada Co. Ltd., Bendable Technology Solutions Pvt. Ltd., Chiron Group SE, DMG MORI Co. Ltd., DN Solutions Co. Ltd., Electronica Hitech Engineering Pvt. Ltd., General Technology Group Dalian Machine Tool Co. Ltd., Georg Fischer Ltd., Gleason Corp., GROB WERKE GmbH and Co. KG, Haas Automation Inc., HOMAG Group, Hyundai Wia Corp., JTEKT Corp., Komatsu Ltd., Makino Inc., Micromatic Machine Tools Pvt. Ltd., Okuma Corp., and Spinner Werkzeugmaschinenfabrik GmbH.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of 3d printing in manufacturing."
According to the report, one of the major drivers for this market is the growing demand in oil and gas industry.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Amada Co. Ltd.
- Bendable Technology Solutions Pvt. Ltd.
- Chiron Group SE
- DMG MORI Co. Ltd.
- DN Solutions Co. Ltd.
- Electronica Hitech Engineering Pvt. Ltd.
- General Technology Group Dalian Machine Tool Co. Ltd.
- Georg Fischer Ltd.
- Gleason Corp.
- GROB WERKE GmbH and Co. KG
- Haas Automation Inc.
- HOMAG Group
- Hyundai Wia Corp.
- JTEKT Corp.
- Komatsu Ltd.
- Makino Inc.
- Micromatic Machine Tools Pvt. Ltd.
- Okuma Corp.
- Spinner Werkzeugmaschinenfabrik GmbH
