Machine Tools Market in Germany 2015-2019
About machine tools
Machine tools are used to cut and shape metals and nonmetallic materials based on the specifications of a product. They enable manufacturing of critical components with utmost ease and accuracy. These tools include metal cutting machine tools, metal forming machine tools, and machine tools accessories. Companies extensively use them across sectors such as automotive, general machinery, precision engineering, transport, aerospace, and dies and molds.
Technavio's analysts forecast the machine tools market in Germany to grow at a CAGR of 5.10% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the machine tools market in Germany for the period 2015-2019. To calculate the market size, it considers the revenue generated from the sales of metal cutting machine tools, metal forming machine tools, and tool accessories. This report does not provide the market share of vendors; it lists only the key vendors in the market.
In terms of product, the market is segmented into three:metal cutting, metal forming, and tool accessories. Key country
Technavio Announces the Publication of its Research Report – Machine Tools Market in Germany 2015-2019
Technavio recognizes the following companies as the key players in the Machine Tools Market in Germany: DMG MORI SEIKI, Schuler and TRUMPF Group
Other Prominent Vendors in the market are: Alzmetall, FFG-Werke, Grob-Werke, HAMUEL, Heller, Hermle, Index-Werke, Kapp Group, Krause & Mauser Group, Leistritz, MAG IAS, Samag, Schütte, Schwäbische Werkzeugmaschinen, Starrag Group, United Grinding Group, Waldrich Coburg, and Weisser.
Commenting on the report, an analyst from Technavio’s team said: “The major shift of end-users and vendors of machine tools to emerging economies, especially to APAC countries such as China and India, will be a major threat to the existence of local vendors in Europe. Major end-users, like the automotive industry, are moving toward setting up facilities in APAC to cater to local and export markets; this has forced major vendors of machine tools to set up facilities in APAC.”
According to the report, awareness of the high quality of machine tools manufactured in Germany and their technological capabilities is making them more attractive to countries like China and US. The European machine tool industry, along with the German machine tool industry, organizes many trade shows, like the bi-annual EMO Hannover, to attract and showcase the technologies and feature additions made by German machine tool manufacturers.
Further, the report states that the sudden slowdown in the economy of a number of countries around the world, due to a variety of factors, has the potential to affect all sectors, especially the manufacturing sector.
DMG MORI SEIKI, Schuler, TRUMPF Group, Alzmetall, FFG-Werke, Grob-Werke, HAMUEL, Heller, Hermle, Index-Werke, Kapp Group, Krause & Mauser Group, Leistritz, MAG IAS, Samag, Schütte, Schwäbische Werkzeugmaschinen, Starrag Group, United Grinding Group, Waldrich Coburg, Weisser.
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