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Machine Tools Market in US 2017-2021

Machine Tools Market in US 2017-2021

About Machine Tools

A machine tool is defined as a machine for shaping and machining metals or other rigid materials in a wide range of industrial applications. These tools are extensively used across the automotive, aerospace, and electronics industries.

Technavio’s analysts forecast the machine tools market in the US to grow at a CAGR of 4.34% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the machine tools market in the US for 2017-2021. To calculate the market size, the report considers the new installations, sales, value and retrofit, replacement, spares, aftermarket, services market.Technavio's report, Machine Tools Market in the US 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

  • Dalian Machine
  • DMG MORI
  • Haas Automation
  • JTEKT
  • Komatsu
Other prominent vendors
  • Amada Machine Tools
  • Fives
  • Gleason
  • Hardinge
  • Mitsubishi Electric
  • Makino
  • Okuma
  • Yamazaki Mazak
  • TRUMPF
Market driver
  • Increased demand for fabricated metal products
  • For a full, detailed list, view our report
Market challenge
  • Highly capital-intensive market
  • For a full, detailed list, view our report
Market trend
  • Cloud-based 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 – Machine Tools Market in the US 2017-2021

Technavio recognizes the following companies as the key players in the machine tools market in the US: Dalian Machine, DMG MORI, Haas Automation, JTEKT, and Komatsu.

Other Prominent Vendors in the market are: Amada Machine Tools, Fives, Gleason, Hardinge, Mitsubishi Electric, Makino, Okuma, Yamazaki Mazak, and TRUMPF.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is cloud-based machine tools. The industry 4.0 revolution together with the industrial Internet of things (IIoT) has led to the demand for cloud-based computing to manage the huge amount of data in a cost-effective manner. Thus, we believe that as CNCs have become essential machine tools, they will adopt cloud-based systems into the machines.”

According to the report, one of the major drivers for this market is increased demand for fabricated metal products. The fabricated metal products market has been witnessing steady growth of 3%-4% in the US since 2003. The growth is mainly attributed to the increasing demand for metals from the construction and machinery industries. Fabricated metals, including ammunition, small arms, buildings products, springs, utensils, stamped metal products, tanks, and cranes are manufactured using machine tools.

Further, the report states that one of the major factors hindering the growth of this market is highly capital-intensive market. The machine tools market is highly capital-intensive, and the profitability of this market has a high correlation with the prices of raw materials such as iron, steel, aluminum, brass, and copper. It is estimated that raw material costs account for approximately 48% of the overall manufacturing cost. Fluctuation in raw material prices impacts the manufacturer negatively due to the need to frequently change the pricing strategy.

Companies Mentioned

Dalian Machine, DMG MORI, Haas Automation, JTEKT, Komatsu, Amada Machine Tools, Fives, Gleason, Hardinge, Mitsubishi Electric, Makino, Okuma, Yamazaki Mazak, and TRUMPF.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
      • Table Major applications of machine tools
      • Table Key takeaways
  • Market landscape
    • Market overview
      • Table Segmentation of machine tools market in the US
      • Table Supply chain of machine tools market in the US
      • Table Key market dynamics
    • Market size and forecast
      • Table Machine tools market in the US 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Market overview
      • Table Machine tools market in the US by product type 2016 and 2021(%)
    • Metal cutting machine tools market in the US
      • Table Metal cutting machine tools market in the US 2016-2021($ millions)
    • Metal forming machine tools market in the US
      • Table Metal forming machine tools market in the US 2016-2021($ millions)
    • Machine tools market in the US by other accessories
      • Table Machine tools market in the US by other accessories 2016-2021($ millions)
  • Market segmentation by end-users
    • Market overview
      • Table Machine tools market in US by end-users 2016 and 2021 (%)
    • Machine tools market in the US by automotive industry
      • Table Machine tools market in the US by automotive industry 2016-2021($ millions)
      • Table Automobile sales in the US 2009 and 2015 (in million units)
      • Table Key statistics of the US automotive industry
    • Machine tools market in the US by aerospace industry
      • Table Machine tools market in the US by aerospace industry 2016-2021 ($ millions)
    • Machine tools market in the US by metal fabrication
      • Table Machine tools market in the US by metal fabrication 2016-2021($ millions)
    • Machine tools market in the US by other endusers
      • Table Machine tools market in the US by other end-users 2016-2021($ millions)
      • Table Growth rate in electronics industry in US 2016
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global fabricated metal product market 2003 and 2012 ($ billions)
    • Impact of drivers on key customer segments
      • Table Impact of drivers
    • Market challenges
    • Impact of challenges on key customer segments
      • Table Impact of challenges
  • Market trends
    • Cloud-based machine tools
    • Developments in controllers
    • Increased use of non-ferrous material
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Dalian Machine Tool Group (DMTG)
      • Table DMTG: Product portfolio
    • DMG MORI
      • Table DMG MORI: Product portfolio
      • Table DMG MORI: Recent development in machine tools market in the US
    • Haas Automation
      • Table Haas Automation: Product portfolio
      • Table Haas Automation: Recent development in machine tools market in the US
    • JTEKT
      • Table JTEKT: Product portfolio
    • Komatsu
      • Table Komatsu: Product portfolio
      • Table Komatsu: Recent development in machine tools market in the US
  • Appendix
    • List of abbreviations
  • Explore Technavio

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