Machine Tools Market in Japan 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 machine tools can be either conventional or NC based upon their mode of working. These machines tools include machining centers, turning machines, grinding machines, and others. 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 Japan to grow at a CAGR of 6.19% over the period 2014-2019.
Covered in this report
The machine tools market in Japan can be divided into two major segments based on technology: conventional machine tools and NC machine tools.
Technavio's report, Machine Tools Market in Japan 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Machine Tools Market in Japan 2015-2019
Technavio recognizes the following companies as the key players in the Machine Tools Market in Japan: Amada Machine Tools, JTEKT, Komatsu and Yamazaki Mazak
Other Prominent Vendors in the market are: Doosan, Fives Group, Flow International, Gleason, Makino Milling Machine, Mitsubishi Heavy Industries, Okuma, Tongtai Machine & Tool, and TRUMPF Group.
Commenting on the report, an analyst from Technavio’s team said: “The continuous development in R&D has resulted in introduction of advanced machine tools especially CNC machines. CNC machines are highly efficient and productive, hence incorporation of new technologies now mainly happens in these machines. Vendors have started offering their services through mobile devices using apps and other support functions via the Internet. As manuals of CNC machines are cumbersome, having a physical copy of the manual is proving difficult and becoming unpopular in the shop-floor operations. Therefore, many vendors are providing apps that help to understand the operation and working of CNC machines.”
According to the report, increased development of NC and CNC machines has been observed in the machine tools market in Japan. This has led to a shift from conventional machines, which are controlled manually, toward new and advanced machines operated using programmed commands and computers. NC and CNC machine components are designed using CAD and CAM, delivering a highly accurate machine that can operate efficiently and effectively. End-users are increasingly adopting NC and CNC machines that increase product quality and reduce human effort and time.
Further, the report states that China is one of the major importers of machine tools from Japan. But the recent slowdown in China will negatively affect Japan's machine tool industry.
Amada Machine Tools, JTEKT, Komatsu, Yamazaki Mazak, Doosan, Fives Group, Flow International, Gleason, Makino Milling Machine, Mitsubishi Heavy Industries, Okuma, Tongtai Machine & Tool, TRUMPF Group.
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