The newly Machine Tools market report provided a complete view of the present and future market. Deep analysis of enterprise competition pattern, enterprise product advantages and disadvantages, regional industrial layout characteristics. The base year considered for the study is 2018 and the market size is projected from 2019 to 2026.
Product Information
A machine tool is a machine for shaping or machining metal or other rigid materials, usually by cutting, boring, grinding, shearing, or other forms of deformation. Machine tools employ some sort of tool that does the cutting or shaping. All machine tools have some means of constraining the workpiece and provide a guided movement of the parts of the machine. Thus, the relative movement between the workpiece and the cutting tool (which is called the toolpath) is controlled or constrained by the machine to at least some extent, rather than being entirely "offhand" or "freehand".
On the basis of products, the various types include Machining Centers, Turning Machines, Grinding Machines, Electrical Discharge Machines, and Others. On the basis of application, the Machine Tools market is segmented into Machinery Manufacturing, Automobile, Aerospace & Defense, and Others. The Automobile segment accounted for the major market share in 2018 and is anticipated to show growth during the forecast period as the development of the automotive industry across the world.
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Market Insights
According to a new research study, the Machine Tools market size is expected to reach USD 86,731 million by 2026 from USD 71,001 million in 2019, with a compound annual growth rate of 2.90% during the forecast period. The most significant factor that is contributing to the Machine Tools market is large-scale industrial automation. Moreover, its various advantages such as increasing productivity lead to increased utilization of Machine Tools in the automated manufacturing process, which, in turn, fuels the growth of the market. In addition, manufacturing processes can be carefully controlled and manipulated to maintain quality through automation, which also has a positive influence on the growth of the market. With the recovery of the global economy and the development of emerging powers, the Machine Tools market is endowed with a promising future.
Regional Segment Analysis
The report focuses on detailed analysis of major regions like North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Columbia), and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
Asia-Pacific dominated the Machine Tools global market at a share of 32.85% in 2018 and is estimated to maintain this position in the following years. Economic development in emerging countries such as China and India will boost the growth of the market in the Asia-Pacific region. North America is currently leading Europe with a market share of 31.96% and 23.86%. Growth in government budgets in the principal countries, more-intense competition, launches in introducing new products, increasing spending on Aerospace & Defense are anticipated to promote the growth of the market in those regions.
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Competitive Players
The Machine Tools market is full of competition due to the presence of many large and small companies and local manufacturers. The leading vendors in the market are Yamazaki Mazak, Trumpf, Komatsu, JTEKT, and AMADA. Other prominent vendors in the market are Doosan Machine Tools, DMG MORI, Okuma, HYUNDAI WIA, Makino, Schuler, FFG/MAG, GF, Grob, Haas Automation, INDEX Group, Körber AG, Gleason, Brother Industries, CHIRON Group, Shenyang Group, DMTG, and others.
Target Audience for this Report
l Machine Tools manufacturers
l Machine Tools importers and exporters
l Machine Tools traders, distributors, and suppliers
l Raw material suppliers of Machine Tools
l Machine Tools industry associations
l Product managers, Machine Tools industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Government agencies and NGOs
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Machine Tools Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Machine Tools Market by Types
4 Segmentation of Machine Tools Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Machine Tools Market in Major Countries
7 North America Machine Tools Landscape Analysis
8 Europe Machine Tools Landscape Analysis
9 Asia Pacific Machine Tools Landscape Analysis
10 Latin America, Middle East & Africa Machine Tools Landscape Analysis
11 Major Players Profile
11.1 Yamazaki Mazak
11.1.1 Yamazaki Mazak Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Trumpf
11.3 Komatsu
11.4 JTEKT
11.5 AMADA
11.6 Doosan Machine Tools
11.7 DMG MORI
11.8 Okuma
11.9 HYUNDAI WIA
11.10 Makino
11.11 Schuler
11.12 FFG/MAG
11.13 GF
11.14 Grob
11.15 Haas Automation
11.16 INDEX Group
11.17 Körber AG
11.18 Gleason
11.19 Brother Industries
11.20 CHIRON Group
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Key questions answered in the report
l What will the market size and growth rate be in 2026?
l What segment or region will drive or lead the market growth and what are the reasons?
l How will market drivers, constraints and future opportunities affect market dynamics and subsequent analysis of relevant trends?
l What key strategies are used by top vendors to increase revenue?
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