Global Machine Tools (Metal Cutting & Metal Forming) Market: Insights & Forecast with Potential Impact of COVID-19 (2020-2024)
The global machine tool market is forecasted to reach US$67.9 billion in 2024, growing at a CAGR of 6.06% for the period spanning 2020-2024. The factors such as accelerating industrialization, increasing shipments of 5G smartphones, rapid urbanization, increasing electric vehicle deployment and improving consumer confidence are expected to drive the market. However, growth of the industry would be challenged by high maintenance cost, stiff competition and US-China trade war. Few notable trends include increasing laser machine tool sector, emergence of hybrid technology, surging adoption of IoT in machine tool and growing turnkey project demand in Japan.
In 2020, the outbreak of COVID-19 pandemic has created an unfavorable impact on the market as the machine tools orders have decreased rapidly.
The machine tools which are operated by a worker turning a handle are used mainly in developing markets. Numerical Control (NC) machine tools that perform automatic operations based on numerical control using a computer are already widespread in developed markets, including Japan, Europe, and the U.S. (NC machine tools account for over 90% of machine tool production value in Japan).
The fastest growing market is China due to strong demand for CNC machining center, lathes & grinding machines; growth in installation of energy grids, growing demand for highly advanced & comprehensive metal cutting machines, rising defence & aerospace industry, increasing technological advancements and rapid urbanization in country.
Scope of the report:
The report provides a comprehensive analysis of the global machine tool market on the basis of segments i.e. metal cutting & metal forming and applications i.e. automotive, general machinery, precision engineering and transport machinery.
The major country markets i.e. China, US, Germany, UK and Japan have been analysed.
The market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
The competitive landscape of the market, along with the company profiles of leading players i.e. TRUMPF GmbH + Co. KG, DMG Mori Seiki Co., Ltd., Amada Co. Ltd, JTEKT Corporation, Okuma Corporation and The Bühler Group are also presented in detail.Key Target Audience:
Machine Tool Manufacturers
Raw Material Suppliers
End Users
Consulting Firms
Investment Banks
Government Bodies & Regulating Authorities
- 1. Market Overview
- 1.1 Introduction
- 1.2 Classification
- Table 1: Classification of Machine Tools
- 1.3 Mode of Operations
- 1.4 Supply Chain
- Table 2: Supply Chain of Machine Tool
- 2. Impact of COVID-19
- 2.1 Introduction
- 2.2 Decline in Global GDP Growth
- Table 3: Global GDP Growth Rate (2005-2020)
- 2.3 Change in Organic Traffic
- Table 4: Organic Traffic Growth or Decline due to COVID-19 (2020)
- 2.4 Disruption of Supply Chain
- Table 5: Manufacturing PMI of Selected Countries (March 2020)
- 2.5 US Machine Tool Market
- Table 6: The U.S. Machine Tool Orders (March 2019 – March 2020)
- 2.6 Europe Machine Tool Market
- 2.7 Asia-Pacific Machine Tool Market
- 3. Global Machine Tool Market Analysis
- 3.1 Global Machine Tool Market Value
- Table 7: Global Machine Tool Market Value (2015-2019)
- 3.2 Global Machine Tool Market Value Forecast
- Table 8: Global Machine Tool Market Value Forecast (2020-2024)
- 3.3 Global Machine Tool Market Value by Segments
- Table 9: Global Machine Tool Market Value by Segments (2019)
- 3.3.1 Global Metal Cutting Machine Tool Market Value
- Table 10: Global Metal Cutting Machine Tool Market Value (2015-2019)
- 3.3.2 Global Metal Cutting Machine Tool Market Value Forecast
- Table 11: Global Metal Cutting Machine Tool Market Value Forecast (2020-2024)
- 3.3.3 Global Metal Cutting Machine Tool Market Value by Segments
- Table 12: Global Metal Cutting Machine Tool Market Value by Segments (2019)
- 3.3.4 Global Machining Center Market Value
- Table 13: Global Machining Center Market Value (2015-2019)
- 3.3.5 Global Machining Center Market Value Forecast
- Table 14: Global Machining Center Market Value Forecast (2020-2024)
- 3.3.6 Global Lathe Machine Market Value
- Table 15: Global Lathe Machine Market Value (2015-2019)
- 3.3.7 Global Lathe Machine Market Value Forecast
- Table 16: Global Lathe Machine Market Value Forecast (2020-2024)
- 3.3.8 Global Grinding Machine Market Value
- Table 17: Global Grinding Machine Market Value (2015-2019)
- 3.3.9 Global Grinding Machine Market Value Forecast
- Table 18: Global Grinding Machine Market Value Forecast (2020-2024)
- 3.3.10 Global Metal Forming Machine Tool Market Value
- Table 19: Global Metal Forming Machine Tool Market Value (2015-2019)
- 3.3.11 Global Metal Forming Machine Tool Market Value Forecast
- Table 20: Global Metal Forming Machine Tool Market Value Forecast (2020-2024)
- 3.4 Global Machine Tool Market Value by Applications
- Table 21: Global Machine Tool Market Value by Applications (2019)
- 3.5 Global Machine Tool Market by Country
- Table 22: Global Machine Tool Market by Country (2019)
- 4. Regional (Ex. Japan) Machine Tool Market Analysis
- 4.1 China
- 4.1.1 China Machine Tool Market Value
- Table 23: China Machine Tool Market Value (2015-2019)
- 4.1.2 China Machine Tool Market Value Forecast
- Table 24: China Machine Tool Market Value Forecast (2020-2024)
- 4.2 The U.S.
- 4.2.1 The U.S. Machine Tool Market Value
- Table 25: The U.S. Machine Tool Market Value (2015-2019)
- 4.2.2 The U.S. Machine Tool Market Value Forecast
- Table 26: The U.S. Machine Tool Market Value Forecast (2020-2024)
- 4.2.3 The U.S. Machine Tool Market Value by Segments
- Table 27: The U.S. Machine Tool Market Value by Segments (2019)
- 4.2.4 The U.S. Metal Cutting Machine Tool Market Value
- Table 28: The U.S. Metal Cutting Machine Tool Market Value (2015-2019)
- 4.2.5 The U.S. Metal Cutting Machine Tool Market Value Forecast
- Table 29: The U.S. Metal Cutting Machine Tool Market Value Forecast (2020-2024)
- 4.2.6 The U.S. Metal Forming Machine Tool Market Value
- Table 30: The U.S. Metal Forming Machine Tool Market Value (2015-2019)
- 4.2.7 The U.S. Metal Forming Machine Tool Market Value Forecast
- Table 31: The U.S. Metal Forming Machine Tool Market Value Forecast (2020-2024)
- 4.3 Germany
- 4.3.1 Germany Machine Tool Market Value
- Table 32: Germany Machine Tool Market Value (2015-2019)
- 4.3.2 Germany Machine Tool Market Value Forecast
- Table 33: Germany Machine Tool Market Value Forecast (2020-2024)
- 4.4 Italy
- 4.4.1 Italy Machine Tool Market Value
- Table 34: Italy Machine Tool Market Value (2015-2019)
- 4.4.2 Italy Machine Tool Market Value Forecast
- Table 35: Italy Machine Tool Market Value Forecast (2020-2024)
- 5. Japan Machine Tool Market Analysis
- 5.1 Japan Machine Tools Orders
- Table 36: Japan Machine Tools Orders (2015-2019)
- 5.2 Japan Machine Tools Orders by Segments
- Table 37: Japan Machine Tools Orders by Segments (2019)
- 5.3 Japan Machine Tools Orders by Applications
- Table 38: Japan Machine Tools Orders by Applications (2019)
- 5.4 Japan Machine Tools Orders by Region
- Table 39: Japan Machine Tools Orders by Region (2019)
- 5.4.1 Japan Machine Tools Orders from North America
- Table 40: Japan Machine Tools Orders from North America (2015-2019)
- 5.4.2 Japan Machine Tools Orders by Applications from North America
- Table 41: Japan Machine Tools Orders by Applications from North America (2019)
- 5.4.3 Japan Machine Tools Orders from China
- Table 42: Japan Machine Tools Orders from China (2015-2019)
- 5.4.4 Japan Machine Tools Orders from Europe
- Table 43: Japan Machine Tools Orders from Europe (2015-2019)
- 5.4.5 Japan Machine Tools Orders by Applications from Europe
- Table 44: Japan Machine Tools Orders by Applications from Europe (2019)
- 6. Market Dynamics
- 6.1 Growth Drivers
- 6.1.1 Accelerating Industrialization
- Table 45: Global GDP per Capita (2015-2019)
- 6.1.2 Increasing Shipments of 5G Smartphones
- Table 46: Global 5G Smartphone Shipments (2020-2022)
- 6.1.3 Rapid Urbanization
- Table 47: Global Urban Population (2015-2019)
- 6.1.4 Increasing Electric Vehicle Deployment
- Table 48: Global Electric Vehicles Stock (2015-2019)
- 6.1.5 Improving Consumer Confidence
- Table 49: The U.S. and Europe Consumer Confidence Index (2015-2019)
- 6.2 Key Trends and Developments
- 6.2.1 Increasing Laser Machine Tool Sector
- Table 50: Global Laser Machine Tool Industry (2019-2024)
- 6.2.2 Emergence of Hybrid Technology
- 6.2.3 Surging Adoption of IoT in Machine Tool
- 6.2.4 Growing Turnkey Project Demand in Japan
- Table 51: Japan Machine Tool Manufacturers Action on Turnkey Business (2017-2020)
- 6.3 Challenges
- 6.3.1 High Maintenance Cost
- 6.3.2 Stiff Competition
- 6.3.3 US-China Trade War
- 7. Competitive Landscape
- 7.1 Global Market
- 7.1.1 Key Players – Market Share Comparison
- Table 52: Key Players – Market Share Comparison (2019)
- 7.1.2 Key Players – Revenue Comparison
- Table 53: Key Players – Revenue Comparison (2019)
- 7.1.3 Key Players – Market Cap Comparison
- Table 54: Key Players – Market Cap Comparison (2020)
- 8. Company Profiles
- 8.1 TRUMPF GmbH + Co. KG
- 8.1.1 Business Overview
- Table 55: TRUMPF Segments Description
- 8.1.2 Financial Overview
- Table 56: TRUMPF Sales and Net Profit (2014-2018)
- Table 57: TRUMPF Sales by Region (2018)
- 8.1.3 Business Strategies
- 8.2 DMG Mori Seiki Co., Ltd.
- 8.2.1 Business Overview
- 8.2.2 Financial Overview
- Table 58: DMG Mori Sales and Earnings (Loss) (2015-2019)
- Table 59: DMG Mori Sales by Segment (2019)
- 8.2.3 Business Strategies
- 8.3 Amada Co. Ltd.
- 8.3.1 Business Overview
- 8.3.2 Financial Overview
- Table 60: Amada Revenues and Profit (2016-2020)
- Table 61: Amada Revenues by Segments (2020)
- Table 62: Amada Revenues by Region (2020)
- 8.3.3 Business Strategies
- 8.4 JTEKT Corporation
- 8.4.1 Business Overview
- Table 63: JTEKT Segment Description
- 8.4.2 Financial Overview
- Table 64: JKEKT Net Sales and Net Income (2016-2020)
- Table 65: JKEKT Net Sales by Segment (2020)
- Table 66: JKEKT Net Sales by Region (2020)
- 8.4.3 Business Strategies
- 8.5 Okuma Corporation
- 8.5.1 Business Overview
- 8.5.2 Financial Overview
- Table 67: Okuma Net Sales and Net Income (2016-2020)
- Table 68: Okuma Net Sales by Region (2020)
- 8.5.3 Business Strategies
- 8.6 The Bühler Group
- 8.6.1 Business Overview
- 8.6.2 Financial Overview
- Table 69: Bühler Turnover and Net Profit (2015-2019)
- Table 70: Bühler Turnover by Segments (2019)
- Table 71: Bühler Turnover by Region (2019)
- 8.6.3 Business Strategies
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