The "Machine Tools Market - Global Outlook and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global machine tools market by revenue is expected to grow at a CAGR of around 8.5% during 2021-2026.
In terms of investment, the market is likely to rebound by 5% in 2021. Vendors catering to this industry will witness a sudden rise in demand. The global machine tools market has been immensely affected by the outbreak of the COVID-19 pandemic. Activities in the manufacturing production line have witnessed the sharpest contraction since the last decade.
In 2020, machine tools production and consumption went for a toss, with industrial production decreasing by 5% worldwide. Europe was one of the most adversely affected regions. The production and supply orders reduced drastically in Q2 2020 across the world. However, the market is likely to rebound during 2021 due to the restoration of economic activities and industrial processes.
The machine tools industry has witnessed massive investment owing to the growth in industrialization. However, the investment witnessed a slow down due to the outbreak of the pandemic. In 2021, rebalancing of the machine tools consumption is expected. The consumer spending and demand toward the discretionary spending on manufactured goods and services per capita income is likely to grow during the forecast period.
The following factors are likely to contribute to the growth of the machine tools market during the forecast period:
-
Tremendous Industrial & Economic Growth in APAC
-
Increased Emphasis on Industry 4.0
-
The rise in Infrastructure Development
-
Growth in Machine Tools Investment
INSIGHTS BY VENDORS
Trade wars and the imposition of tariffs are the significant concerns confronted by vendors operating in the market. The recent trade war between the US and China affected the machine tools market immensely. Vendors could expect intense competition across regions. With upswings and downswings in the global economy, vendors could consider cost-cutting measures or create a sense of nostalgia for significantly pushing their products across challenging markets.
The COVID-19 pandemic has also adversely hit the market potential. The market is slowly becoming concentrated, with Doosan and Amada occupying significant shares of the market. Although North America, APAC, and Europe are the key markets for vendors, Latin America and MEA are also expected to witness considerable growth in the coming years.
KEY QUESTIONS ANSWERED:
1. What is the future outlook and growth projections of the global machine tools market?
2. How is the growth of the automotive sector influencing the growth of the machine tools market?
3. What are the major factors driving the machine tools market growth?
4. Which region holds the highest share in the machine tools market in 2021?
5. Who are the major players in the market?
6. What threats are faced by the existing players in the market?
Prominent Vendors
Other Prominent Vendors
-
GF Machining Solutions
-
DMG Mori Seiki Co.
-
Komatsu
-
OKUMA Corporation
-
HYUNDAI WIA
-
Schuler AG
-
CHIRON Group SE
-
600 Group PLC
-
Falcon Machine Tools Co. Ltd.
-
MAG IAS GMBH
-
GROB-WERKE GmbH & Co. KG
-
Spinner Precision Machine-Tools
-
Haas Automation Inc.
-
Gleason Corporation
-
Dalian Machine Tool Group Corporation
-
Yamazaki Mazak Corporation
-
Electronica Hitech Machine Tools Pvt. Ltd.
-
Ace Micromatic Group
-
TRUMPF GmbH + Co. KG
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.2 Base Year
4.3 Scope of The Study
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Market at a Glance
7 Introduction
7.1 Industrial Revolution & Machine Tool: PRE-COVID-19
7.2 Machine Tools Market Dynamics
7.3 Machine Tools Purchasing Hit Hard Due To COVID-19
7.3.1 Impact on Global Value Chain
8 Market Opportunity & Trends
8.1 Industrial & Economic Growth In APAC
8.2 Emphasis on Industry 4.0
8.3 Rise in Investments
9 Market Growth Enablers
9.1 Growth in Automotive Sector
9.2 Rise in Infrastructure Development
9.3 High Emphasis on Automation in The Industrial Sector
10 Market Restraints
10.1 Political Turmoil - Restraint for Trade
10.2 Rise in Material Cost
10.3 Increasing Labor And Machinery Cost
11 Market Landscape
12 Tool Type
12.1 Market Snapshot & Growth Engine By Production Value
12.2 Market Snapshot & Growth Engine By Consumption Value
12.3 Market Overview
12.3.1 Key Insights
13 Metal Cutting
13.1 Market Overview
13.2 Market Size & Forecast
13.3 Machining Centers
13.4 Lathe
13.5 Grinding & Polishing
13.6 Laser, Electrical Discharge Machines (EDMs), & Other Tools
13.7 Other Metal Cutting Tools
14 Metal Forming
14.1 Market Overview
14.2 Market Size & Forecast
14.3 Bending & Forming Machines
14.4 Pressing
14.5 Punching & Shearing Machines
14.6 Other Metal Forming Tools
15 Technology
15.1 Market Snapshot & Growth Engine By Consumption Value
15.2 Market Overview
15.3 CNC
15.4 Metal Cutting CNC Machines
15.5 Metal Forming CNC Machines
15.6 NON-CNC
15.7 Metal Cutting Non-CNC Machines
15.8 Metal Forming Non-CNC Machines
16 End-User
16.1 Market Snapshot & Growth Engine By Consumption Value
16.2 Market Overview
16.3 Automotive
16.4 Industrial Machinery
16.5 Metal Industry
16.6 Medical Industry
16.7 Electrical & Electronics
16.8 Heavy Equipment
16.9 Aerospace & Defense
16.10 Marine & Offshoring
17 Geography
17.1 Market Snapshot & Growth Engine By Production Value
17.2 Market Snapshot & Growth Engine By Consumption Value
17.3 Geographic Overview
For more information about this report visit https://www.researchandmarkets.com/r/p65dwd
View source version on businesswire.com: https://www.businesswire.com/news/home/20210222005436/en/
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
"machine" - Google News
February 22, 2021 at 06:26PM
https://ift.tt/3aHfCnR
Global Machine Tools Market Outlook and Forecast 2021-2026 - ResearchAndMarkets.com - Yahoo Finance
"machine" - Google News
https://ift.tt/2VUJ7uS
https://ift.tt/2SvsFPt
Bagikan Berita Ini
0 Response to "Global Machine Tools Market Outlook and Forecast 2021-2026 - ResearchAndMarkets.com - Yahoo Finance"
Post a Comment