Machine tools market

Global Machine Tools Market Size, by Type (Metal Cutting, Metal Forming, Accessories, Others), Sales Channel (Direct, Indirect), End User & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2026

Category: Machinery and Equipment     ID: IRP1803     Date: Sep, 2020
The global machine tools market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2026, at a CAGR of XX% during 2019 to 2026. Scope of global machine tools market includes by Type (Metal Cutting, Metal Forming, Accessories, Others), by Sales Channel (Direct, Indirect), by End User (Automotive, Aerospace & Defense, Electronics, Others ) and by region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).
A machine tool is a power-driven machine used for handling of metals and other rigid materials, usually by cutting, grinding, and boring in order to change the size and shape of job material. Earlier, machine tools used flywheels to control their motion and had complex systems of gears and livers to control the machine and the piece being worked on. Nowadays, machine tools can be operated automatically, electrically, or hydraulically to manufacture parts in various ways that include cutting, or other certain deformation. Machine tools are available in a wide range of variety, depending upon their use in the industry. Modern industry use machine tools to perform a range of operations such as drilling, grinding, abrading, cutting, and forming which reduced the human interaction required in different steps of the process.
Major applications of machine tools are in the automotive, aerospace, and electronics industry, which is a key factor stimulating the machine tools market growth over the forecast period. Machine tools are widely used in oil & gas industries for the exploration and drilling of new oil & gas fields. Moreover, the automotive, and aerospace industries are growing at an unprecedented rate across the globe. The growth is attributable to the rising investment in the industries, as the manufacturer are more dependent on these tools to ensure the sturdiness, accuracy, reliability and to increase their productivity. With the help of modern technology, the mode of operation of machine tools have changed from numerical control (NC), which used a series of numbers punched on a punched card to control their motion, to computer numerical control (CNC), and direct numerical control (DNC) to attain higher productivity. However, the increase use of computer numerical control (CNC) machine tools in automobile, aerospace & defense, and in oil & gas industries tends to raise the demand of product worldwide.
However, the high cost of computer numerical control (CNC) machine tools and long-life span of tools are expected to restrain the product demand over the coming years. But, the rapid growth of small-scale and large-scale industries in automobile, aerospace & defense, and in oil & gas sector, raised the demand of product across the globe. Moreover, developing countries, like China, and India are highly dependent on machine tools due to its increase construction of roads, metro, and rapid growth of aerospace & defense, and automobile industry. Gulf countries, which are highly involved in the production of oil & gas have more requirement of machine tools and plays a vital role in the growth of market over the coming years.
The global machine tools market is primarily segmented by type, sales channel, end user and region.

In terms of type, the market is split into:
* Metal Cutting
* Metal Forming
* Accessories
* Others

In terms of sales channel, the market is divided into:
* Direct
* Indirect

On the end user front, the market is segmented into:
* Automotive
* Aerospace & Defense
* Electronics & Electrical
* Others

The market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* Shenyang Group
* INDEX Group
* Yamazaki Mazak
* Doosan Machine Tools
* Allied Machine & Engineering
* CHIRON Group
* Dalian Machine Tool Group
* Swan Machine Tools Private Limited
* SMK Turnkey Solutions Pvt Ltd
* Bombay Tools Center Bombay Pvt. Ltd.
* OMAX Corporation

These enterprises have been focusing on development strategies, such as expansions, new product launches, agreements & partnerships, and acquisitions to expand their business across the globe.
Key Benefits of the Report:
* Global, regional, country, type, end user and sales channel market size and their forecast from 2015-2026
* Identification and detailed analysis and insights on key market dynamics, such as drivers, opportunities, restraints, and challenges influencing the growth of the market
* Detailed analysis and insights on industry outlook with market specific PESTLE analysis, Porter’s Five Forces analysis, and Value Chain analysis, to achieve a better understanding of the market and prepare expansion strategies
* Identification and comprehensive analysis of key market players and their market share, detailed financial positions, key products, core competencies, and unique selling points
* Identification and analysis of Key players’ competitive developments and strategic initiatives, such as mergers, joint ventures, sales contracts, and new product introduction in the market
* Expert interviews and their insights on current and future outlook, market shift, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, type, end user and sales channel with qualitative and quantitative information and facts
* Identification of the key patents filed in the field of machine tools
* Owing to the volatility seen in the market due to the Global COVID-19 pandemic, businesses around the globe wish to know the impact on their market and how this changes the projections for 2020 and the forthcoming years. Orian Research is in talks with seasoned market analysts and key note speakers to understand the impact of COVID 19 on markets and factors that will bring in stability in the foreseeable future

Target Audience:
* Machine Tools manufacturer & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Government Body & Associations
* Research Institutes

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