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Global Multi-Tasking Machine Tools Market 2017-2021

About Multi-tasking Machine Tools

Multi-tasking machine tools integrate the functions of both turning and machining. This eliminates the need for multiple machines to perform these functions. The typical structure of such machine includes 5 axes: three standard axes X, Y, and Z, the turning spindle of rotary C axis and another rotary axis B, around the Y axis.

Technavio’s analysts forecast the global multi-tasking machine tools market to grow at a CAGR of 2.82% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global multi-tasking machine tools market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of multi-tasking machine tools.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Multi-tasking Machine Tools Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Doosan Machine Tools
  • Mazak
  • Nakamura-Tome Precision Industry
  • Okuma
  • Tsugami
Other prominent vendors
  • Accuway Machinery
  • Breton
  • Brother
  • DMG Mori
  • Hwacheon Machine Tools
  • Hyundai WIA
  • Takisawa Machine Tool Company
  • Tongtai Machine & Tool Company
  • Toyoda
  • Trevisan Machine Tool
Market driver
  • Ability to perform multiple operations on single machines
  • For a full, detailed list, view our report
Market challenge
  • Challenges faced by European machine tools manufacturers
  • For a full, detailed list, view our report
Market trend
  • Introduction of hybrid multi-tasking machine tools
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Multi-tasking Machine Tools Market 2017-2021

Technavio recognizes the following companies as the key players in the global multi-tasking machine tools market: Doosan Machine Tools, Mazak, Nakamura-Tome Precision Industry, Okuma, and Tsugami

Other Prominent Vendors in the market are: ccuway Machinery, Breton, Brother, DMG Mori, Hwacheon Machine Tools, Hyundai WIA, Takisawa Machine Tool Company, Tongtai Machine & Tool Company, Toyoda, and Trevisan Machine Tool

Commenting on the report, an analyst from Technavio’s team said: “In the high-wage, developed economies, factors such as the reduction in process time and manufacturing cost, and high value-added manufacturing are of prime importance to survive in the global manufacturing scene. This has resulted in the development of hybrid multi-tasking machine tools. This hybrid multi-tasking machine tool was developed by adding laser metal deposition to existing milling and turning machines. This hybrid multi-tasking machine tool incorporates additive manufacturing and thus allows multiple operations to be carried out under one process. The uses of this machine are expected to include industries sectors such as aerospace and defense, automotive, healthcare, and commercial and consumer products and in the retail sector, where it can be used in the manufacture of low volume replacement parts or for modeling and prototyping.”

According to the report, in ordinary metal processing machines, such as conventional lathes, the metal must be moved from one machine to another to carry out the different operations like milling, drilling, facing, turning, which are necessary for its processing; however, the new 5-axis and 6-axis CNC machines enable the manufacturer to carry out the entire operation on a single machine, with only the corresponding tool or the software control system needing to be changed or modified.

Further, the report states that high R&D and manufacturing costs are involved in the design and development of medical devices and equipment, making them unaffordable for most end-users. The installation and maintenance cost of MRI and CT scanners is very high, and these are mostly found in large healthcare institutions. Hence, some healthcare organizations prefer to use refurbished medical devices that offer the latest technology at affordable prices to their patients.

Companies Mentioned

Doosan Machine Tools, Mazak, Nakamura-Tome Precision Industry, Okuma, Tsugami, ccuway Machinery, Breton, Brother, DMG Mori, Hwacheon Machine Tools, Hyundai WIA, Takisawa Machine Tool Company, Tongtai Machine & Tool Company, Toyoda, Trevisan Machine Tool.

  • Executive summary
  • Scope of the report
    • Market overview
    • Market size estimation
    • Segmentation by end-user
      • Table Market segmentation based on end-user
    • Segmentation by geography
      • Table Key countries in each geographical region
    • Vendor analysis
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Evolution of multi-tasking machines tools
      • Table Processes that benefit from multi-tasking machine tools
      • Table Current and future market prospects of various end-user industries
      • Table Current and future market prospects of geographical regions
  • Market landscape
    • Market overview
      • Table Market segmentation
      • Table Global multi-tasking machine tools market 2016-2021 ($ billions)
      • Table Global manufacturing GDP comparison 2014-2017 (%)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Market overview
      • Table Market share of end-user industries in global multi-tasking machine tools market 2016 and 2021 (%)
    • Aerospace manufacturing industry
      • Table Global multi-tasking machine tools market in aerospace manufacturing industry 2016-2021 ($ millions)
      • Table Projected growth of middle class 2015, 2025, and 2035 (in millions)
      • Table New aircraft demand by region by 2034
      • Table New aircraft production by type by 2034 (number of aircraft)
    • Medical device manufacturing
      • Table Global multi-tasking machine tools market in medical devices manufacturing industry 2016-2021 ($ millions)
      • Table Global medical devices market segmentation by application 2015
      • Table Annual increase in healthcare spending 2015-2019 (%)
  • Geographical segmentation
    • Market overview
      • Table Market share of various regions in global multi-tasking machine tools market 2016 and 2021
    • Americas
      • Table Multi-tasking machine tools market in Americas 2016-2021 ($ millions)
    • EMEA
      • Table Multi-tasking machine tools market in EMEA 2016-2021 ($ millions)
    • APAC
      • Table Multi-tasking machine tools market in APAC 2016-2021 ($ millions)
  • Market drivers
    • Ability to perform multiple operations on single machines
      • Table Illustrative list of functions
    • Government initiatives to promote machine tools
    • Demand for superior-quality products and CNC machines
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Financial constraints driving market for low-cost refurbished medical devices
    • Lack of skilled labor
    • Challenges faced by European machine tools manufacturers
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Introduction of hybrid multi-tasking machine tools
    • Emergence of 3D printing
    • Surge in automation
  • Vendor landscape
    • Competitive scenario
      • Table Global multi-tasking machine tools market: Concentration of customer base by region
      • Table Projected competitive advantage during forecast period
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Doosan Machine Tools
      • Table Doosan Machine Tools: Product portfolio
    • Mazak
      • Table Mazak: Product portfolio
    • Nakamura-Tome Precision Industry
      • Table Nakamura-Tome Precision Industry: Product portfolio
    • Okuma Corporation
      • Table Okuma Corporation: Product portfolio
    • Tsugami
      • Table Tsugami: Product portfolio
  • Appendix
    • List of abbreviations
  • Explore Technavio

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