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Machine Tools Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global machine tools market was worth US$ 106 Billion in 2018. Machine tools refer to power-driven metal cutting or forming equipments used for metals or other hard materials. There is a wide variety of machine tools available in the market ranging from small workbench mounted instruments to large devices which are used in modern industries. They perform a range of operations such as cutting, forming, drilling, grinding, abrading and nibbling, which help to enhance product uniformity and reduce the human interaction required in different steps of the process. Over the years, the mode of operation of these tools has evolved from numerical control (NC) to computer numerical control (CNC) and direct numerical control (DNC). Manufacturers are also designing advanced machine tools to attain higher productivity.

Machine tools are used in a number of industries such as automotive, aerospace, electronics, precision engineering, etc. Continuous expansion in these industries along with the exploration of new oil and gas fields are the primary drivers for market growth. Moreover, the incorporation of 3D printing technology has aided in minimizing the amount of materials used for producing these tools in recent years. For instance, Yamazaki Mazak, a Japanese machine tool manufacturer, utilizes 3D printing in the production of its CNC machines. Apart from this, several companies are introducing automation into their manufacturing processes to increase their productivity and meet quality standards. This has led to an increase in their profit margins and positively impacted the regulation of resources. Besides this, vendors are also using modern design and simulation engineering softwares to ensure the sturdiness, accuracy and reliability of the machines. Looking forward, IMARC Group expects the market to reach a value of US$ 150 Billion by 2024, registering a CAGR of around 6% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Tool Type:
    • Metal Cutting
    • Metal Forming
    • Accessories
       
  • Market Breakup by Technology Type:
    • Conventional
    • CNC (Computerized Numerical Control)
    • Others
       
  • Market Breakup by End Use Industry:
    • Automotive
    • Aerospace and Defense
    • Electrical and Electronics
    • Consumer Goods
    • Precision Engineering
    • Others
       
  • Market Breakup by Region:
    • Asia Pacific
    • Europe
    • North America
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Allied Machine & Engineering, AMADA Holdings, Dalian Machine Tool Group, DMG MORI, FALCON Machine Tools, 600 Group, Yamazaki Mazak, Trumpf, Komatsu, JTEKT, Doosan Machine Tools, Okuma, HYUNDAI WIA, Makino, Schuler, etc.

Key Questions Answered in This Report:

  • How has the global machine tools market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global machine tools industry?
  • What is the breakup of the market based on the tool type?
  • What is the breakup of the market based on the technology type?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the global machine tools industry?
  • What are the key driving factors and challenges in the global machine tools industry?
  • What is the structure of the global machine tools industry and who are the key players?
  • What is the degree of competition in the global machine tools industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
    2.3.1    Primary Sources
    2.3.2    Secondary Sources
    2.4    Market Estimation
    2.4.1    Bottom-Up Approach
    2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Machine Tools Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Tool Type
    5.4    Market Breakup by Technology Type
    5.5    Market Breakup by End Use Industry
    5.6    Market Breakup by Region
    5.7    Market Forecast
6    Market Breakup by Tool Type
    6.1    Metal Cutting
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Metal Forming 
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Accessories 
        6.3.1    Market Trends
        6.3.2    Market Forecast
7    Market Breakup by Technology Type 
    7.1    Conventional 
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    CNC 
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Others
        7.3.1    Market Trends
        7.3.2    Market Forecast
8    Market Breakup by End Use Industry 
    8.1    Automotive 
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Aerospace and Defense 
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Electrical and Electronics 
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Consumer Goods 
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Precision Engineering 
        8.5.1    Market Trends
        8.5.2    Market Forecast
    8.6    Others 
        8.6.1    Market Trends
        8.6.2    Market Forecast
9    Market Breakup by Region
    9.1    Asia Pacific
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Europe
        9.2.1    Market Trends
        9.2.2    Market Forecast
    9.3    North America
        9.3.1    Market Trends
        9.3.2    Market Forecast
    9.4    Middle East and Africa
        9.4.1    Market Trends
        9.4.2    Market Forecast
    9.5    Latin America
        9.5.1    Market Trends
        9.5.2    Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porter’s Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Allied Machine & Engineering
        14.3.2    AMADA Holdings
        14.3.3    Dalian Machine Tool Group 
        14.3.4    DMG MORI
        14.3.6    FALCON Machine Tools
        14.3.7    600 Group
        14.3.8    Yamazaki Mazak
        14.3.9    Trumpf 
        14.3.10      JTEKT 
        14.3.11      Doosan Machine Tools
        14.3.12      Okuma
        14.3.13      HYUNDAI WIA
        14.3.14      Makino
        14.3.15      Schuler

List of Figures

Figure 1: Global: Machine Tools Market: Major Drivers and Challenges
Figure 2: Global: Machine Tools Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Machine Tools Market: Breakup by Tool Type (in %), 2018
Figure 4: Global: Machine Tools Market: Breakup by Technology Type (in %), 2018
Figure 5: Global: Machine Tools Market: Breakup by End Use Industry (in %), 2018
Figure 6: Global: Machine Tools Market: Breakup by Region (in %), 2018
Figure 7: Global: Machine Tools Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 8: Global: Machine Tools Industry: SWOT Analysis
Figure 9: Global: Machine Tools Industry: Value Chain Analysis
Figure 10: Global: Machine Tools Industry: Porter’s Five Forces Analysis
Figure 11: Global: Machine Tools (Metal Cutting) Market: Sales Value (in Million US$), 2013-2018
Figure 12: Global: Machine Tools (Metal Cutting) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 13: Global: Machine Tools (Metal Forming) Market: Sales Value (in Million US$), 2013-2018
Figure 14: Global: Machine Tools (Metal Forming) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 15: Global: Machine Tools (Accessories) Market: Sales Value (in Million US$), 2013-2018
Figure 16: Global: Machine Tools (Accessories) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 17: Global: Machine Tools (Conventional Technology) Market: Sales Value (in Million US$), 2013-2018
Figure 18: Global: Machine Tools (Conventional Technology) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 19: Global: Machine Tools (CNC Technology) Market: Sales Value (in Million US$), 2013-2018
Figure 20: Global: Machine Tools (CNC Technology) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 21: Global: Machine Tools (Other Technologies) Market: Sales Value (in Million US$), 2013-2018
Figure 22: Global: Machine Tools (Other Technologies) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 23: Global: Machine Tools (Automotive) Market: Sales Value (in Million US$), 2013-2018
Figure 24: Global: Machine Tools (Automotive) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 25: Global: Machine Tools (Aerospace and Defense) Market: Sales Value (in Million US$), 2013-2018
Figure 26: Global: Machine Tools (Aerospace and Defense) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 27: Global: Machine Tools (Electrical and Electronics) Market: Sales Value (in Million US$), 2013-2018
Figure 28: Global: Machine Tools (Electrical and Electronics) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 29: Global: Machine Tools (Consumer Goods) Market: Sales Value (in Million US$), 2013-2018
Figure 30: Global: Machine Tools (Consumer Goods) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 31: Global: Machine Tools (Precision Engineering) Market: Sales Value (in Million US$), 2013-2018
Figure 32: Global: Machine Tools (Precision Engineering) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 33: Global: Machine Tools (Other Industries) Market: Sales Value (in Million US$), 2013-2018
Figure 34: Global: Machine Tools (Other Industries) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 35: Asia Pacific: Machine Tools Market: Sales Value (in Million US$), 2013-2018
Figure 36: Asia Pacific: Machine Tools Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 37: Europe: Machine Tools Market: Sales Value (in Million US$), 2013-2018
Figure 38: Europe: Machine Tools Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 39: North America: Machine Tools Market: Sales Value (in Million US$), 2013-2018
Figure 40: North America: Machine Tools Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 41: Middle East and Africa: Machine Tools Market: Sales Value (in Million US$), 2013-2018
Figure 42: Middle East and Africa: Machine Tools Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 43: Latin America: Machine Tools Market: Sales Value (in Million US$), 2013-2018
Figure 44: Latin America: Machine Tools Market Forecast: Sales Value (in Million US$), 2019-2024

List of Tables

Table 1: Global: Machine Tools Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Machine Tools Market Forecast: Breakup by Tool Type (in Million US$), 2019-2024
Table 3: Global: Machine Tools Market Forecast: Breakup by Technology Type (in Million US$), 2019-2024
Table 4: Global: Machine Tools Market Forecast: Breakup by End Use Industry (in Million US$), 2019-2024
Table 5: Global: Machine Tools Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 6: Global: Machine Tools Market Structure
Table 7: Global: Machine Tools Market: Key Players

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